IoT Gateways Market Research Report Information by Component (Processor, Sensor, Memory and Storage Device and other Components), Connectivity (Bluetooth, WI-Fi, ZigBee, Ethernet, Cellular and Others), End-User (Automotive and Transportation, Healthcare, Industrial, Consumer Electronics, BFSI, Oil and Gas, Retail, Aerospace and Defense and Other End-Users), and By Region (Asia-Pacific, North America, Europe, and Rest of the World) - Forecast till 2030

IoT Gateways Market Summary

As per Market Research Future Analysis, the IoT Gateways Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 3.40 Billion by 2030, growing at a CAGR of 13.53% from 2024 to 2030. The market is driven by the transition from 4G to 5G, increased consumer spending on smart products, and the need for improved interfaces for end products. The demand for IoT gateways spans various industries, including healthcare, transportation, and retail, with significant growth opportunities in sectors like oil and gas and industrial automation.

Key Market Trends & Highlights

The IoT Gateways Market is witnessing robust growth driven by technological advancements and increasing demand across sectors.

• Market Size in 2022: USD 1.2 Billion; Projected Size by 2030: USD 3.40 Billion.
• CAGR from 2024 to 2030: 13.53%; Industrial segment growth rate: 13.4%.
• Healthcare segment expected to grow at the fastest CAGR of 14.9% through the forecast period.
• Asia-Pacific region anticipated to grow at a CAGR of 16.17% from 2023 to 2030.

Market Size & Forecast

2022 Market Size: USD 1.2 Billion

2030 Market Size: USD 3.40 Billion

CAGR from 2024 to 2030: 13.53%

Largest Regional Market Share in 2024: North America.

Major Players

Key players include Texas Instruments Incorporated, NXP Semiconductors, TE Connectivity Ltd, Hewlett Packard Enterprise Co., Microchip Technology Inc., Dell Technologies, Aaeon Technology Inc., Nexcom International Co., Ltd., Helium Systems, Inc., STMicroelectronics N.V., Adlink Technology Inc., Eurotech S.P.A.

Figure 1: IoT Gateways Market Size, 2023-2030 (USD Billion) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

IoT Gateways Market Trends

Increased IoT Demand in different industries boosts the market growth.

With the aid of IoT gateways, the IoT device can communicate with the actual environment, including sensors and distant servers. As a result, IoT gateways provide services for various industries, such as health, business operations, transportation, home automation, security, and so forth. A typical gateway is a piece of hardware or software that facilitates the connectivity of devices to the Internet of Things or between devices. Every industrial sector is installing sensors, and twhich a mechanism to link to the server handling data processing.  

Recent developments in the sector have introduced characteristics that simplify industrial activities in general. The Internet of Things gateway can effectively translate protocols, analyze data at the local node, and filter data before transferring it to the external node.       

Figure 2: IOT Market penetration in different industries Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

As per the figure above, there is a massive opportunity in retail, BFSI, healthcare, consumer electronics, and other sectors. Oil and gas, as well as the industrial sector, is witness to show commendable growth due to the implementation of technologies such as hyperautomation,

artificial intelligence

, and

machine learning

. In healthcare globally, only 25% of operations are based on IoT gateways, and there is a huge opportunity of a 75% gap across many developing and developed regions.

IoT Gateways Market Segment Insight

IoT Gateways by Component Type Insights

Based on component type, the IoT Gateways Market segmentation includes a processor, sensor, memory, and storage device, among other components. The processor segment dominated this market over the past few years and is also expected to grow at a CAGR of 40.3% through the forecast period. The recently released IoT gateways include strong Intel microprocessor integration. The Intel Company develops and produces integrated processors, platforms, chipsets, circuits, and products such as embedded software and Intel Security. Desktops, tablets, SSDs, boards & kits, server solutions, Intel gateways, modems, and RF transceivers are just a few goods the company sells.

It offers embedded application solutions for the healthcare, automotive, energy, and retail markets.     

The Internet of Things is quickly gaining ground in several global businesses. IoT gateways are critical for integrating current and upcoming devices into the Internet of Things. The tasks carried out by IoT gateways include data filtering, device connectivity, and security, protocol translation, to name just a few.         

Figure 3: IoT Gateways Market, by Component Type, 2021 & 2030 (USD Million) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The sensor segment is the second-largest category, with significant growth of 30.2% through the forecast period. IoT gateways, including the Dell Edge gateway 3000 series, include integrated MEMS sensors, GPS, pressure, temperature, humidity, and accelerometer. IoT gateways typically have to be wireless and powered by batteries. Hence, any decrease in power consumption increases the lifespan of the gadgets. MEMS sensors drastically lower their power consumption without sacrificing functionality by utilizing several forces found in electromagnetism or fluid dynamics. These elements fuel the segment's expansion.        

February 2023:

 - At the IoT Solutions World Conference in Barcelona, HARDWARIO announced the launch of the new expansion module CHESTER-V1 for its IoT gateway CHESTER. A vital IoT gateway called Chester makes connecting and communicating with various sensors and devices simple. Customers can connect to the Astrocast satellite network using this new satellite module, enabling data transmission from even the most remote and difficult-to-reach areas.   

February 2023 - 

Using LoRaWAN, an open, cloud-based protocol that enables sensors and internet of things (IoT) devices to communicate wirelessly using the LoRa wireless modulation technique, Singaporean technology provider SPTel has built Singapore's first sensor network.      

IoT Gateways by Connectivity Insights

Based on connectivity type, the IoT Gateways Market segmentation includes Bluetooth, Wi-Fi, ZigBee, Ethernet, cellular, and others. The Bluetooth category dominates the market, with a share of 32.5% in 2022. Power usage is one of the most critical problems with short-range wireless communication technology. A gadget with high power consumption must be operated with a steady power source rather than a battery for mobile applications.

The second-largest connectivity segment is Wi-Fi. Due to the importance of coverage with in-building Wi-Fi, Wi-Fi is a natural choice for IoT connectivity. Building and home automation, as well as in-home energy management, are examples of explicit scenarios where a Wi-Fi system that has been built can be used as a communication channel, and devices can be connected to electrical outlets.     

Additionally, China's mobile operators, Telecom and Unicom, are forming domestic and international alliances with suppliers and producers to benefit a variety of equipment, cars, and gadgets from connectivity.   

IoT Gateways End-User Insights

Based on end-user type, the IoT Gateways Market segmentation includes automotive & transportation, healthcare, industrial, consumer electronics, BFSI, oil & gas, retail, aerospace & defense, and others. The industrial segment accounted for the largest share of this market and is also estimated to grow at a CAGR of 13.4% through the forecast period. The increase in linked devices across all industrial sectors has significantly fueled the need for IoT gateways need for enhanced security protocols. Cyber protection has grown recently due to the industrial sector's massive data generation.

The demand for IoT gateways in the industrial sectors has expanded due to these considerations. Additionally, IoT gateways have become essential to the entire industrial ecosystem due to the growing emphasis on Industry 4.0 and intelligent technologies. Due to rising demand, vendors in the market are releasing more improved versions of IoT gateways.        

Furthermore, the healthcare segment is also anticipated to grow at the fastest CAGR of 14.9% through the forecast period. As hospitals, laboratories, and medical device makers work to maintain excellent patient care while facing primary cost containment or even cost-cutting demands, the healthcare sector is anticipated to experience significant growth. The IoT gateway in healthcare is transforming the healthcare sector through real-time data gathering, remote connectivity of medical devices, and expanded access to time monitoring and analysis.       

Moreover, IoT gateways in the healthcare industry are revolutionizing by enabling clinicians to collect real-time data, remotely monitor patient health using connected medical devices, and have more time to monitor and analyze data. For instance, air quality monitors have specially created the Internet of Things gadgets that increase the safety of patients admitted for surgical procedures. On a mesh network, sensor modules are positioned, and at regular intervals, they transmit data to an internal gateway device.         

IoT Gateways Regional Insights

This market has been segmented by region into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific holds most of the market share and is also anticipated to grow at a CAGR of 16.17% from 2023 to 2030. Due to the growing number of connected devices and the widespread use of IoT across several regional industries, this region is experiencing a need for IoT gateways. The region's demand for IoT gateways will directly expand due to the rise in linked devices.

Throughout the projected period, it is anticipated that the IoT node and gateway market in the Asia Pacific will proliferate. Businesses in the Asia Pacific region are concentrating on R&D in the IoT node and gateway sectors.

Due to established economies such as the U.S. and Canada, North America led the worldwide IoT node and gateway market and had a sizable share. Moreover, due to growing awareness of the use of IoT nodes and gateway systems for security purposes, North America is predicted to present significant potential for manufacturers in the area.  

Figure 4: IOT GATEWAYS MARKET SHARE BY REGION 2021 (%) Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Bharat Sanchar Nigam Ltd. partnered strategically with British satellite communications operator Inmarsat to offer its Internet of Things services in India last year. With the current ELERA L-band services already offered in the nation, Inmarsat satellite-based connectivity for IoT and aggregator devices is now possible thanks to this agreement.      

IoT Gateways Key Market Players & Competitive Insights

Governments from all over the world are also funding and supporting IoT research and development to boost productivity. Numerous governments are looking for innovations and developments in critical fields, including intelligent traffic management systems, energy conservation through smart meters, and security system augmentations through intelligent cameras. Several governments, such as China and India, sponsor future IoT research programs to create smart cities. Hence, this would also drive market growth during the forecast period.

Major players in the IoT Gateways Market, including Texas Instruments Incorporated, NXP Semiconductors, TE Connectivity Ltd, Hewlett Packard Enterprise Co., Microchip Technology Inc., Dell Technologies, Aaeon Technology Inc., Nexcom International Co., Ltd., Helium Systems, Inc., STMicroelectronics N.V., Adlink Technology Inc., and Eurotech S.P.A.    

Key Companies in the IoT Gateways market includes.

• Texas Instruments Incorporated

• NXP Semiconductors

• TE Connectivity Ltd,

• Hewlett Packard Enterprise Co.

• Microchip Technology Inc.

• Dell Technologies

• Aaeon Technology Inc.

• Nexcom International Co., Ltd.

• Helium Systems, Inc.

• STMicroelectronics N.V.

• Adlink Technology Inc.

• Eurotech S.P.A. ZeroStack, Inc

• Cisco Systems, Inc.

• Advantech Co., Ltd.

• Huawei Technologies Co., Ltd.

IoT Gateways Industry Developments

• Q2 2024: Advantech Launches New EdgeLink IoT Gateway Series for Industrial Automation Advantech announced the release of its EdgeLink IoT Gateway series, designed to enhance industrial automation by providing secure, real-time data connectivity between legacy equipment and cloud platforms. The new gateways support multiple protocols and are aimed at manufacturing and energy sectors.
• Q2 2024: Cisco and Schneider Electric Announce Partnership to Develop Next-Gen IoT Gateways Cisco and Schneider Electric revealed a strategic partnership to co-develop next-generation IoT gateways focused on cybersecurity and edge computing for industrial and smart building applications. The collaboration aims to accelerate digital transformation in critical infrastructure.
• Q2 2024: Lantronix Acquires Transition Networks to Expand IoT Gateway Portfolio Lantronix completed the acquisition of Transition Networks, a provider of network hardware, to strengthen its IoT gateway offerings and expand its reach in smart city and industrial IoT markets. The deal is expected to enhance Lantronix’s product integration capabilities.
• Q3 2024: Siemens Opens New IoT Gateway Manufacturing Facility in Texas Siemens inaugurated a new manufacturing facility in Texas dedicated to producing advanced IoT gateways for industrial and energy applications. The facility is expected to boost local employment and support North American supply chains.
• Q3 2024: HPE Unveils Edge-to-Cloud IoT Gateway Platform for Smart Cities Hewlett Packard Enterprise (HPE) launched a new edge-to-cloud IoT gateway platform designed for smart city deployments, enabling real-time data processing and analytics at the edge. The platform supports AI-driven applications for traffic management and public safety.
• Q3 2024: Eurotech Wins Major IoT Gateway Contract with European Rail Operator Eurotech secured a multi-year contract to supply IoT gateways for a leading European rail operator, supporting predictive maintenance and real-time monitoring of rolling stock. The deployment will leverage Eurotech’s ruggedized gateway technology.
• Q4 2024: EdgeIQ Raises $40M Series C to Scale IoT Gateway Management Platform EdgeIQ, a provider of IoT gateway management solutions, announced a $40 million Series C funding round led by a consortium of venture capital firms. The funds will be used to accelerate product development and global expansion.
• Q4 2024: Bosch Launches Secure IoT Gateway for Automotive Applications Bosch introduced a new secure IoT gateway tailored for connected vehicles, offering enhanced cybersecurity features and over-the-air update capabilities. The product targets automotive OEMs seeking to improve vehicle connectivity and data security.
• Q1 2025: Dell Technologies Appoints New VP to Lead IoT Gateway Business Dell Technologies announced the appointment of a new Vice President to oversee its IoT gateway business unit, signaling a renewed focus on edge computing and industrial IoT solutions. The executive brings extensive experience in embedded systems.
• Q1 2025: Telit Cinterion Partners with Vodafone to Launch 5G-Enabled IoT Gateways Telit Cinterion and Vodafone entered a partnership to launch a new line of 5G-enabled IoT gateways, targeting enterprise and industrial customers. The collaboration aims to accelerate adoption of 5G in IoT deployments across Europe.
• Q2 2025: NXP Semiconductors Unveils AI-Integrated IoT Gateway Chipset NXP Semiconductors announced the launch of a new AI-integrated chipset for IoT gateways, enabling advanced edge analytics and machine learning capabilities. The chipset is designed for use in smart manufacturing and logistics applications.
• Q2 2025: Honeywell Wins Smart Building IoT Gateway Contract in Middle East Honeywell secured a contract to deploy its IoT gateway solutions in a major smart building project in the Middle East, supporting energy management and building automation. The project is part of a broader regional push for digital infrastructure.

IoT Gateways Market Segmentation

IoT Gateways Component Outlook

• Processor
• Sensor
• Memory and Storage Device
• Others Components

IoT Gateway Connectivity Outlook

• Bluetooth
• Wi-Fi
• ZigBee
• Ethernet
• Cellular
• Other Connectivity Types

IoT Gateways End-User Outlook

• Automotive and Transportation
• Healthcare
• Industrial
• Consumer Electronics
• BFSI
• Oil & Gas
• Retail
• Aerospace & Defense
• Others

IoT Gateways Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
  • Africa
  • Latin America

Attribute/Metric	Details
Market Size 2022	USD 1.2 Billion
Market Size 2023	USD 1.3 Billion
Market Size 2030	USD 3.40 Billion
Compound Annual Growth Rate (CAGR)	13.53% (2023-2030)
Base Year	2023
Forecast Period	2024-2030
Historical Data	2019 to 2022
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Component Type, Connectivity Type, End-User Type, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	Texas Instruments Incorporated, NXP Semiconductors, TE Connectivity Ltd, Hewlett Packard Enterprise Co., Microchip Technology Inc., Dell Technologies, Aaeon Technology Inc., Nexcom International Co., Ltd.,
Key Market Opportunities	The industry's ongoing development provides users with enticing functions.
Key Market Dynamics	The technological shift from 4G to 5G Increased consumer spending on smart products Requirement for better interface for end products.