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Industrial IoT Gateway Market size is set to grow by USD 3.36 billion from 2024-2028, Leveraging manufacturing data for predictive maintenance boost the market, Technavio

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NEW YORK, Aug. 12, 2024 /PRNewswire/ — The global industrial IoT gateway market size is estimated to grow by USD 3.36 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  23.31%  during the forecast period. Leveraging manufacturing data for predictive maintenance is driving market growth, with a trend towards increasing focus on providing end-to-end service . However, high installation cost due to the need for multiple gateways  poses a challenge. Key market players include ADLINK Technology Inc., Advantech Co. Ltd., Alten SA, ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., EUROTECH Spa, Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., Intuz Inc., iWave Systems Technologies Pvt. Ltd., NEXCOM International Co. Ltd., NXP Semiconductors NV, PHYTEC Messtechnik GmbH, Semtech Corp., Siemens AG, Super Micro Computer Inc., TE Connectivity Ltd., and Texas Instruments Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Industrial Iot Gateway Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 23.31%

Market growth 2024-2028

USD 3364.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

18.59

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, China, Germany, Canada, and UK

Key companies profiled

ADLINK Technology Inc., Advantech Co. Ltd., Alten SA, ASUSTeK Computer Inc., Cisco Systems Inc., Dell Technologies Inc., EUROTECH Spa, Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intel Corp., Intuz Inc., iWave Systems Technologies Pvt. Ltd., NEXCOM International Co. Ltd., NXP Semiconductors NV, PHYTEC Messtechnik GmbH, Semtech Corp., Siemens AG, Super Micro Computer Inc., TE Connectivity Ltd., and Texas Instruments Inc.

Market Driver

The industrial IoT market has experienced significant growth, with a double-digit year-over-year increase. Driving this adoption is the need to enhance manufacturing processes and decrease operational expenses and time-to-market. Industrial IoT involves hardware, software, and IoT platform providers. The market is fragmented, with vendors expanding offerings through acquisitions and vertical integration. However, implementing IoT projects in industrial sectors is challenging due to legacy technologies. To address this, vendors offering end-to-end services are preferred. Major players like Advantech, HPE, and Moxa provide comprehensive hardware and software packages, with some even offering online consulting services. As competition intensifies and IoT adoption grows, vendors will increasingly focus on end-to-end services, leading to market expansion during the forecast period. 

The Industrial IoT (IIoT) gateway market is experiencing significant growth due to the widespread adoption of IoT in various industries, particularly manufacturing. IIoT is revolutionizing production efficiency, reducing lead times, and enabling customized products for businesses. Digital transformation technologies like linked devices, mobile IoT, and edge computing are driving this trend. Gateway devices, including those using processors and memory storage devices, facilitate bidirectional communications between factory assets and the cloud. IIoT is benefiting sectors like automotive transportation, healthcare, consumer electronics, and aerospace defense. Energy consumption reduction is a key advantage, with commercial building owners also embracing IIoT for smart lighting, heating, and security. Gateway technologies support various communication protocols such as Bluetooth, Ethernet, and cellular. Component shortages and security concerns are challenges, but innovations like MCUs (Microcontroller Units) and SOC (System-on-Chip) are addressing these issues. Hydrogen fuel cells and carbon dioxide emissions reduction are emerging applications, offering potential for increased profits. Major players in the IIoT gateway market include Advantech and MOXA, offering solutions for legacy equipment, sensors, controllers, and more. The future of IIoT is bright, with continuous advancements in technology and applications. 

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Market Challenges

The integration of information technology and operation technology in industries can be achieved through edge computing and industrial IoT gateways. However, the implementation of IoT projects in process and discrete industries poses challenges. The primary concerns are data loss and security during the integration of IoT devices. While small-scale industries can easily adopt IoT gateways, large industrial premises with multiple divisions require a mesh network of multiple gateways, increasing overall costs. Data loss often occurs due to connectivity issues in IoT devices and faults in gateways. The high cost of installing multiple gateways may hinder the growth of the industrial IoT gateway market. Despite the advantages of IoT gateways, many industries still rely on wired gateways due to their reliability, low data loss, and lower cost. Thus, resistance to change from wired communication protocols to wireless ones hinders the adoption of industrial IoT gateways in the manufacturing industry.The Industrial IoT Gateway market is experiencing significant growth as businesses seek to connect and manage their legacy equipment with next-generation devices. However, challenges persist in implementing edge computing, ensuring security, and selecting the right hardware like MCUs and SOCs. Communication protocols such as Bluetooth and ZigBee are common, but challenges remain in endpoint device interoperability and networking connectivity. Manufacturing industries face cyberattacks and unauthorized access, necessitating protective circuitry and virtualization. Cloud integration, data storage, and edge analytics are crucial, but power consumption is a concern for microcontrollers and older equipment. Flexible SOC-type designs from companies like Advantech and MOXA are addressing these challenges, enabling smart lighting, healthcare, buildings, and even smart cities. MCUs need efficient SoC designs, and Texas Instruments offers solutions. Sensors and controllers require pins and socket PCs for connectivity. Cybersecurity threats demand attention, with cyberattacks targeting manufacturing and smart cities. Networking protocols and data storage are essential, but managing these systems can be complex. Overall, the Industrial IoT Gateway market requires innovative solutions to address these challenges and unlock the potential of big data analytics.

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Segment Overview 

This industrial iot gateway market report extensively covers market segmentation by  

Connectivity 1.1 Bluetooth1.2 Wifi1.3 Zigbee1.4 OthersEnd-user 2.1 Process industries2.2 Discrete industriesGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Bluetooth-  The Industrial IoT Gateway market is experiencing significant growth due to the increasing adoption of IoT technologies in industries. These gateways facilitate seamless communication between IoT devices and the cloud, enabling real-time data processing and analysis. Companies are investing in IoT gateways to improve operational efficiency, reduce costs, and enhance productivity. The market is expected to continue growing as more industries embrace digital transformation.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Industrial IoT (IIoT) Gateway market is witnessing significant growth due to the increasing adoption of edge computing in industrial automation. Edge computing allows data processing and analysis at the source, reducing latency and bandwidth requirements. Security is a major concern in IIoT, with gateways playing a crucial role in securing communication between sensors, controllers, and the cloud. MCUs (Microcontroller Units) and SOC (System-on-Chip) are popular choices for building IIoT gateways. Bluetooth gateways are gaining popularity for connecting legacy equipment, while networking protocols like MQTT and CoAP are commonly used for communication. Sensors and controllers generate vast amounts of data, which requires efficient data storage and edge analytics. Next-generation devices are incorporating flexible SOC-type designs, while management systems ensure seamless integration with cloud platforms. However, cyberattacks and unauthorized access pose significant challenges, requiring robust security measures. Companies are investing in advanced security features, such as encryption, access control, and intrusion detection. Belden and Kubernetes are also making strides in the IIoT gateway market.

Market Research Overview

The Industrial IoT (IIoT) Gateway market is witnessing significant growth due to the increasing adoption of edge computing in various industries. Edge computing enables real-time data processing and analysis at the source, reducing the need for large amounts of data to be transmitted to the cloud. IIoT gateways act as intermediaries between sensors, controllers, and the cloud, ensuring secure and reliable communication using various networking protocols like Bluetooth, ZigBee, Ethernet, Cellular, and others. IIoT gateways are essential for connecting legacy equipment and older devices to the IoT ecosystem. They come in various forms, including MCUs (Microcontroller Units) and SOC (System-on-Chip) designs, which offer flexible and power-efficient solutions. The market is driven by the need for security, as IIoT gateways provide protective circuitry to prevent cyberattacks and unauthorized access. IIoT gateways are used in various applications, including smart lighting, smart healthcare, smart buildings, manufacturing, and smart cities. They enable virtualization and networking connectivity, making it easier to manage and monitor linked devices.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ConnectivityBluetoothWifiZigbeeOthersEnd-userProcess IndustriesDiscrete IndustriesGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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ZT Mining Pioneers Innovative Solutions in the Cloud Mining Industry

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ZT Mining launches user-friendly cloud mining services with free options, renewable energy integration, and educational resources, promoting sustainable cryptocurrency mining.

READING, England, Dec. 28, 2024 /PRNewswire-PRWeb/ — As the cryptocurrency industry grows, the demand for accessible and efficient mining solutions has never been higher. ZT Mining, a leading innovator in cloud mining, announces a new range of services designed to democratize access to cryptocurrency mining while addressing environmental concerns.

free cloud mining site, best cloud mining, crypto mining

Cloud Mining Made Simple

ZT Mining provides a platform for users to mine Bitcoin and other cryptocurrencies without the need for specialized hardware or technical expertise. By simplifying the process, the company caters to a broad audience, from crypto enthusiasts to first-time investors. Its streamlined registration and user-friendly interface allow participants to start mining in minutes.

Free Cloud Mining Option for Starters

The platform introduces free cloud mining opportunities, enabling users to begin their mining journey without upfront costs. This initiative lowers barriers to entry, making it easier for individuals to explore the cryptocurrency space.

Sustainability at the Core

Recognizing the environmental impact of traditional mining, ZT Mining incorporates renewable energy into its operations. By leveraging green energy sources, the company reduces its carbon footprint, aligning with global sustainability goals.

A Trusted Name in Cloud Mining

ZT Mining emphasizes transparency and reliability. Contracts come with clear terms, competitive rates, and no hidden fees. The platform also offers robust security measures, ensuring user data and funds remain protected.

Empowering Users Through Education

To support informed decision-making, ZT Mining provides educational resources on cryptocurrency and cloud mining. Users can access guides and insights to better understand mining profitability and industry trends.

Industry Recognition

ZT Mining’s innovative approach has positioned it as one of the best cloud mining platforms in the industry. With endorsements from leading crypto analysts and positive user feedback, the company is quickly becoming a trusted name for mining solutions.

Looking Ahead

ZT Mining continues to innovate, aiming to provide even more opportunities for users to benefit from cloud mining. With plans to expand its renewable energy partnerships and introduce advanced mining algorithms, the company is setting the standard for sustainable and user-friendly cryptocurrency mining.

For more information, visit ZT Mining’s official website.

Media Contact

Nancy Delia, ZT CLOUD SERVICES LIMITED, 44 7301463290, nancy.delia@ztmining.com, https://ztmining.com

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SOURCE ZT CLOUD SERVICES LIMITED

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UBHOME Collaborates with Qualcomm to Release the Smart Lawn Mower, Co-Creating a New Era of Smart Life

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The 2025 CES in the United States is about to unveil a brand-new chapter in the future intelligent home gardening

LAS VEGAS, Dec. 28, 2024 /PRNewswire/ — UBHOME, a sub-brand of UBTECH Robotics, announced an intelligent service robot in collaboration with Qualcomm Technologies, Inc. The Robotic Mower M10 is a revolutionary smart lawn mower announced at the 2025 International Consumer Electronics Show (CES) in the United States. This product is powered by the Qualcomm® RB1 Robotics Platform, showcases UBHOME’s rich experience in robot research and development, and focuses on solving the pain points of traditional lawn-mowing equipment, providing users with a worry-free and labor-saving smart gardening experience, and creates a new model of gardening intelligence.

User-Oriented: The All-New Convenience Brought by the Smart Lawn Mower to Life

The Robotic Mower M10 is not only a high performance tool but also an upgrade of the smart lifestyle. In response to the pain points of users when using traditional lawn-mowing equipment, this product offers a series of practical functions, bringing brand-new convenience to home gardening:

Wireless and Borderless Mowing: There is no need for cumbersome boundary wire installation anymore. The device relies on accurate environmental perception and navigation technology to independently plan the work area, allowing users to use it right out of the box, saving installation time and energy.

Automatic Mowing, Saving Time and Effort: The device can automatically complete the lawn mowing work according to the preset schedule or real-time instructions, enabling users to manage the lawn care through delegation to the mower.

Wide Coverage and Stable Signal: It supports a large-scale signal connection of up to 130,000 square meters. Even for extremely large courtyards, stable operation can be ensured, and there is no need to worry about signal loss.

Real-time Online, in-control Anytime: Through APP remote control and real-time monitoring, users can adjust the mowing plan or check the device status at any time, managing the courtyard work as they like.

The combination of these functions not only greatly simplifies the complexity of mowing work but also liberates users from repetitive physical labor, allowing them to focus on enjoying the wonderful moments of life.

UBHOME: In-depth Layout in Smart Home

UBHOME is a brand under UBTECH Robotics that focuses on providing smart solutions for families. As a world-leading robot enterprise, UBTECH, with its strong R&D strength and technological accumulation, has successfully launched Walker, China’s first commercial bipedal human-sized humanoid robot. The launch of the Robotic Mower M10 by UBHOME this time is an important step in its layout in the smart home field.

Relying on UBTECH’s technological accumulation in robots and its in-depth understanding of user needs, the Robotic Mower M10 achieves the best mowing effect through environmental recognition and dynamic adjustment. Whether it is complex terrain, steep slopes, or high requirements for fine mowing, it can perform perfectly, demonstrating its excellent technical capabilities and brand commitment.

Powered by Qualcomm Technologies, Facilitating Intelligent Upgrading

As a global leader in wireless technology and edge intelligence, Qualcomm Technologies provides cutting-edge technical support for the Robotic Mower M10, including intelligent edge computing platforms, dynamic path planning, and environmental perception technologies. These technologies ensure that the device can operate efficiently in various environments, providing users with a precise and efficient smart experience. The Robotic Mower M10 utilizes the Qualcomm RB1 Robotics Platform to ensure the superior operation of the Robotic Mower M10 in large-scale courtyards, laying a solid foundation for realizing smart life.

Industry Significance and Trend: Promoting the Development of Gardening Intelligence

With the continuous increase in the demand for home intelligence, the market for smart gardening equipment is in a period of rapid development. As a typical representative of this trend, the smart lawn mower not only meets consumers’ pursuit of a convenient lifestyle but also provides a direction for the transformation of the gardening industry from tool manufacturing to smart services.

The product released by UBHOME not only fills the gap in the high-performance lawn-mowing equipment market but also sets a new industry benchmark. Through the multiple advantages of wireless, real-time connection, and fully automated operation, it endows home gardening with new value, making users no longer regard mowing as a burden but feel the convenience and fun brought by technology.

Innovation Hand in Hand, Co-creating Smart Life

The collaboration between UBHOME and Qualcomm Technologies showcases a strong collaboration of technology and innovation. Both parties are committed to bringing more convenient and efficient life experiences to consumers through technological innovation.

At the 2025 CES, UBHOME and Qualcomm Technologies will showcase the innovative functions and application scenarios of this Robotic Mower M10.

About UBHOME 

UBHOME is a brand under UBTECH Robotics, focusing on providing smart solutions for families. UBTECH is a world-leading robot enterprise dedicated to the research and development and application of artificial intelligence and robot technology and has successfully served more than 900 enterprise-level customers in more than 50 countries around the world.

Media Contact Information
For more information, please contact:
UBHOME Brand Team: mbu-sales@ubtrobot.com 

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.  

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SOURCE UBTECH ROBOTICS CORP LTD

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Global Launch of JETOUR T2 i-DM: Reshaping the Hybrid SUV Market

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DOHA, Qatar, Dec. 28, 2024 /PRNewswire/ — On December 25, 2024, the First JETOUR Fan’s Festival and the Launch of T2 i-DM was held in Qatar, themed “Think Future”. During the event, JETOUR launched its user brand “Traveler” in the Middle East and its first hybrid model, JETOUR T2 i-DM. The launch event highlights JETOUR’s commitment to exploring sustainable travel modes and ambition to become the “The World’s Leading Brand in Hybrid Off-road Vehicles” under the “Travel+” strategy.

JETOUR T2 i-DM not only inherits the strengths of T2 series, but also achieves high energy efficiency, high performance, high safety, and high intelligence with its advanced hybrid technology, i-DM. With a maximum combined power of 280kW and torque of 610N•m, T2 i-DM boasts a NEDC pure electric range of 139km and an overall range exceeding 1,000km at just 0.8L/100km, addressing range anxiety and promoting green travel.

Mr. Dai Lihong, executive vice president of JETOUR Auto, emphasized technology’s role in producing world-class products. The launch also introduced “Traveler”, enriching user experience through diverse products and superior performance. This year, JETOUR has ranked third in sales across the Qatari auto market. The Fan’s Festival invited user representatives from across the Middle East to witness the unveiling of “Traveler”, experiencing “Travel+” culture through city tours and co-creation workshops.

JETOUR prioritizes users, listening to their needs and co-creating products, brand, and lifestyle. Through “Traveler,” JETOUR aims to provide richer travel experiences and benefits globally, leveraging the platform to spread the “Travel+” culture worldwide. Mr. Alex Tan, Vice President of JETOUR International, said, “Serving ‘JETOUR users’ and being ‘a user-oriented JETOUR’ are JETOUR’s development philosophy. JETOUR will continue to build a travel community centered around users, cars, and lifestyles, sharing the joy of traveling together with users.”

JETOUR also partnered with Diamond League to promote athletics in Qatar and the Middle East, embodying JETOUR Speed and the brand’s image of breakthroughs and innovations. With T2 selling over 150,000 units globally, T2 i-DM will continue its success to meet customers’ needs and reshape the hybrid SUV market.

The launch of T2 i-DM marks JETOUR’s new journey towards “the World’s Leading Brand in Hybrid Off-road Vehicles.” JETOUR plans to introduce more hybrid and off-road models, providing customers with eco-friendly and diversified travel choices. With its innovative spirit and user-oriented philosophy, JETOUR will lead the global automotive industry towards a more sustainable and smarter future.

SOURCE JETOUR AUTO

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