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IoT Gateway Devices Market Share

Report ID: GMI4819
Published Date: Aug 2024
Report Format: PDF

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IoT Gateway Devices Market Share

Toshiba Corporation and Siemens AG collectively held a significant share of the IoT gateway devices industry in 2023. Toshiba Corporation, a global technology leader based in Japan, is renowned for its wide range of innovative products and solutions across various sectors, including electronics, IT services, and infrastructure. In the realm of IoT gateway devices, Toshiba has made significant strides by leveraging its expertise in semiconductor technology, data processing, and connectivity solutions to address the growing demands of the IoT ecosystem.

Siemens AG, a global technology powerhouse based in Germany, is a leading player in the industrial and digitalization sectors. Siemens is renowned for its extensive portfolio that spans automation, digitalization, energy, and healthcare. Within the realm of IoT gateway devices, Siemens leverages its expertise in industrial automation and digital infrastructure to deliver innovative solutions that drive connectivity and efficiency across various industries.

IoT Gateway Devices Market Companies

Major players operating in the IoT gateway devices industry are:

Toshiba Corporation
Siemens AG
Huawei Technologies Co. Ltd.
Fujitsu Ltd.
Sierra Wireless, Inc.
Eurotech SPA
Cisco Systems, Inc.

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of IoT gateway devices reached USD 11.1 billion in 2023 and will register 10% CAGR between 2024 and 2032, due to increasing adoption of IoT technology across various industries, such as healthcare, manufacturing, and smart cities.

IoT gateway devices industry from the Wi-Fi segment will register 14.5% CAGR through 2032, driven by its widespread adoption and ease of integration with existing networks.

North America market size will reach USD 13 billion by 2032, attributed to advanced technological infrastructure and high adoption rates of IoT solutions across various sectors, including healthcare, manufacturing, and smart cities.

Companies including Toshiba Corporation, Siemens AG, Huawei Technologies Co. Ltd., Fujitsu Ltd., Sierra Wireless, Inc., Eurotech SPA, and Cisco Systems, Inc., are operating in the industry.