Market Trends of North America and Europe IoT Gateway Industry
This section covers the major market trends shaping the North America & Europe IoT Gateway Market according to our research experts:
Industrial Application is Expected to Hold a Significant Market Share
An IoT gateway is a device that aggregates data from different devices and performs critical functions, such as device connectivity, translating protocols, managing and filtering data, and much more; bridging the communication gap between different IoT devices such as sensors, equipment, systems, and the cloud, where the data is finally processed.
An IoT gateway is necessary for scalability, mitigating risks, improving time-to-market, cost benefits, lower latency, and security. In Industrial IoT, the gateway connects machinery, sensors, actuators, and many other automation-enabled devices.
Due to increasing emphasis on Industry 4.0 and the adoption of smart technologies, IoT gateways have become a crucial part of the entire industrial ecosystem. Owing to increasing demand, vendors in the market are introducing more enhanced versions of IoT gateways.
In September 2020, VOLANSYS, a one-stop IoT solutions provider, announced the launch of a new program called IoTPAD. As part of IoTPAD, qualifying participants will be eligible to leverage VOLANSYS Gateway & Cloud platforms at zero cost during the pre-launch period.
IoT solution developers face multiple challenges in the form of identifying the right ready-to-use yet customizable platform, resources to convert this platform into an end product, and up-front investment to maneuver through development and pilot phases. To help ecosystem partners develop cost-effective solutions, VOLANSYS brings an IoTPAD program for OEMs, startups, and enterprises looking to realize their IoT Product ideas.
In February 2021, Newark, an Avnet Company, announced that it is partnering with Cisco to offer industrial IoT network solutions for harsh and non-carpeted environments to customers across North America. The partnership brings over 350 products to the Newark customer base, that including ruggedized industrial switches, industrial routers, IoT gateways, and wireless access points designed to withstand extended exposure to dust, water, and other extreme environmental conditions.
United States is Expected to Account for the Largest Market Share
The Things Network is on a mission to build an open crowdsourced Internet of Things (IoT) data network owned and operated by its users. Technically, in the United States, they use the US915 band plan of LoRaWAN and have standardized their gateways on subband 2. Further, businesses realize the strain distributed IoT deployments can put on their network. They are looking for solutions to better plan and manage IoT network resources and large-scale sensor-based device deployments.
LoRaWAN IoT gateway is a technology that is fitted for a broad range of Smart Building applications, including asset tracking, equipment monitoring, lighting controls, room occupancies, biometrics, motion sensing, and contact tracing. In July 2021, Senet Inc. and ADTRAN Inc., a provider of business and residential connectivity solutions, announced the partnership for delivering carrier-grade LoRaWAN network services for IoT applications across enterprise and campus environments in the United States. This provides clients with a clear path to deploying and managing cost-effective and secure LoRaWAN connectivity in and around commercial buildings at scale.
Further, recent development is expected to cater a significant growth. In March 2021, Impulse Embedded, one of the leading providers of Industrial computing systems and solutions, announced the availability of UST210-83K-FL, a new compact DIN-rail fanless in-vehicle Box-PC powered by Intel Atom x5-E3940 processor. The flexible in-vehicle IoT gateway provides secure bi-directional communications. It is aimed at many vehicle-based applications, including public transport and shuttle buses, police cars, ambulances, commercial vehicles, and heavy-duty trucks.
Also, in March 2021, Taoglas announced its Taoglas Genset Insights solution, enabling businesses to optimize their fleet of generators with real-time data and analytics anywhere, anytime. With a rapid 5-minute install, the solution includes the Taoglas EDGE IG10 industrial gateway combined with the Taoglas Insights enterprise-level software vendor-agnostic platform that allows managing all the equipment remotely on one platform.
Further, 5G is driving tremendous potential for high-tech companies developing connected devices and smart products. The application of IoT gateway in defense and military applications is expected to cater to growth by demand of providing security and high-performance computing.
Further, with the current COVID-19 outbreak, the task of monitoring and managing quarantined, and isolated personnel remains a critical challenge. Health services employees, including disease control and prevention teams, are increasingly leveraging smarter applications based on IoT to provide efficient, high-quality care to their communities.
