Global Industrial IoT Gateways Market to Reach US$7.4 Billion by 2030
The global market for Industrial IoT Gateways estimated at US$3.0 Billion in the year 2024, is expected to reach US$7.4 Billion by 2030, growing at a CAGR of 16.4% over the analysis period 2024-2030. Process Industry End-Use, one of the segments analyzed in the report, is expected to record a 17.3% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Discrete Industry End-Use segment is estimated at 14.2% CAGR over the analysis period.
The U.S. Market is Estimated at US$836.8 Million While China is Forecast to Grow at 15.3% CAGR
The Industrial IoT Gateways market in the U.S. is estimated at US$836.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 15.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.4% and 13.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.7% CAGR.
What Are Industrial IoT Gateways and Why Are They Critical?
Industrial IoT (Internet of Things) gateways are pivotal components in the modern industrial landscape, acting as bridges between different networks and devices. These gateways facilitate the seamless flow of data from sensors and devices to cloud-based platforms, enabling real-time monitoring, analysis, and decision-making. By integrating various communication protocols, IoT gateways ensure compatibility between legacy systems and new technologies, thus enhancing operational efficiency and reducing downtime. They play a critical role in managing data traffic, ensuring security, and enabling remote control and automation. As industries increasingly adopt IoT solutions to optimize processes, improve productivity, and ensure safety, the demand for robust and reliable IoT gateways continues to grow.
How Are Technological Innovations Enhancing IoT Gateways?
Technological advancements are driving significant improvements in industrial IoT gateways, making them more powerful, versatile, and secure. Modern gateways are now equipped with advanced processors, increased memory, and enhanced connectivity options, including support for 5G networks. These enhancements allow for faster data processing and more reliable communication between devices. Additionally, the integration of edge computing capabilities enables data processing closer to the source, reducing latency and bandwidth usage while enhancing real-time analytics and decision-making. Security features have also been bolstered, with gateways now offering robust encryption, secure boot mechanisms, and intrusion detection systems to protect sensitive industrial data. As a result, these technological innovations are not only improving the performance of IoT gateways but also expanding their application across various industrial sectors.
What Emerging Trends Are Shaping the IoT Gateways Market?
Several emerging trends are shaping the industrial IoT gateways market, reflecting the evolving needs and technological advancements within the sector. One significant trend is the increasing adoption of edge computing, which allows for data processing at the network`s edge, closer to where data is generated. This shift is driven by the need for real-time data analysis and reduced latency in critical industrial applications. Another trend is the growing emphasis on cybersecurity, as the proliferation of connected devices increases the risk of cyber-attacks. Consequently, manufacturers are integrating advanced security features into IoT gateways to protect against potential threats. The rise of 5G technology is also influencing the market, offering enhanced connectivity and faster data transfer rates, which are crucial for IoT applications. Additionally, the trend towards modular and scalable gateway solutions is gaining traction, allowing industries to customize and expand their IoT infrastructure as needed.
What Factors Are Driving the Growth of the IoT Gateways Market?
The growth in the industrial IoT gateways market is driven by several factors reshaping the industrial landscape. The increasing adoption of IoT solutions across various industries, such as manufacturing, energy, and transportation, is a primary driver, as these sectors seek to enhance operational efficiency and productivity. The advancements in wireless communication technologies, particularly the rollout of 5G networks, are propelling market growth by enabling faster and more reliable data transmission. The rising need for real-time data analytics and decision-making is driving the adoption of edge computing capabilities within IoT gateways. Furthermore, the growing emphasis on cybersecurity is leading to the development of more secure and resilient gateway solutions. Additionally, the expansion of smart factories and the implementation of Industry 4.0 initiatives are creating new opportunities for IoT gateways, as they facilitate the integration of various industrial systems and processes. As industries continue to prioritize digital transformation and connectivity, the demand for advanced IoT gateways is expected to witness sustained growth.
SCOPE OF STUDY:TARIFF IMPACT FACTOR
Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.
We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.
We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.
As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.
To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!
APRIL 2025: NEGOTIATION PHASE
Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.
JULY 2025 FINAL TARIFF RESET
Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.
Reciprocal and Bilateral Trade & Tariff Impact Analyses:
USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.
Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.
Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook