Global Industrial Multiprotocol Gateways Market 2023-2027

Industrial Multiprotocol Gateways Market 2023-2027
The industrial multiprotocol gateways market is forecasted to grow by USD 177.16 mn during 2022-2027, accelerating at a CAGR of 9.7% during the forecast period. The report on the industrial multiprotocol gateways market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing prominence of IoT gateways, the growing need to handle multiple communication devices, and the increasing demand for remote monitoring and preventive maintenance.

Technavio's industrial multiprotocol gateways market is segmented as below:

By ApplicationRemote monitoringProduct optimizationPreventive maintenanceBy End-userProcess industriesDiscrete industriesBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the development of system-on-chip for multiprotocol communication as one of the prime reasons driving the industrial multiprotocol gateways market growth during the next few years. Also, the growing use of gateways in smart grids and the growing popularity of wireless sensor networks will lead to sizable demand in the market.

The report on the industrial multiprotocol gateways market covers the following areas:Industrial multiprotocol gateways market sizingIndustrial multiprotocol gateways market forecastIndustrial multiprotocol gateways market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial multiprotocol gateways market vendors that include ABB Ltd., Advantech Co. Ltd., Cisco Systems Inc., HMS Networks AB, Honeywell International Inc., Intel Corp., International Business Machines Corp., Larsen and Toubro Ltd., Moxa Inc., MSA Safety Inc., Novus International Inc., Pepperl and Fuchs SE, SWYCS, Artila Electronics Co. Ltd, Kessler Ellis Products, Multi Tech Systems Inc., Samsara Inc., San Telequip Pvt. Ltd., Softing AG, and Atop Technologies. Also, the industrial multiprotocol gateways market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.