Remote Monitoring Segment Leads with 9.3% CAGR, While Industrial Multiprotocol Gateways Market Expands at 8.4% CAGR

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Oct 16, 2023, 21:00 ET

DUBLIN, Oct. 16, 2023 /PRNewswire/ -- The "Industrial Multiprotocol Gateways - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Industrial Multiprotocol Gateways is experiencing substantial growth, with an estimated value of US$295.9 million in 2022. Projections indicate that this market will continue to expand significantly, reaching a size of US$563.1 million by 2030, representing a compound annual growth rate (CAGR) of 8.4% over the analysis period from 2022 to 2030.

The Remote Monitoring segment is poised to record a CAGR of 9.3% and is expected to reach US$291.9 million by the end of the analysis period, while the Preventive Maintenance segment is estimated to grow at a CAGR of 7.1% over the next eight years.

Key Players

The report provides a comprehensive analysis of the Industrial Multiprotocol Gateways market, featuring leading players such as ABB Group, Accton Technology, Advantech Co., Ltd., Artila Electronics Co., Ltd., AsusTek Computer Inc., Digi International, D-Link Corporation, Eaton Corporation, Elpro technologies, Emerson Electric Co., HEJM Automation Technology GmbH, HMS Networks, Honeywell International Inc., Moxa Inc., Multi-Tech Systems, Inc., San Telequip Pvt. Ltd., Schneider electric, Siemens AG, Valmet Oyj, and Shenzhen Wlink Technology Co., Ltd., among others. A total of 74 featured competitors are included in the report.

Regional Insights

The Industrial Multiprotocol Gateways market in the U.S. is estimated at US$86.6 million in 2022.
China, the world's second-largest economy, is projected to reach a market size of US$97.1 million by 2030, with a CAGR of 7.8% from 2022 to 2030.
Japan and Canada are expected to grow at 7.6% and 6.9%, respectively, over the 2022-2030 period.
Within Europe, Germany is forecasted to grow at approximately 6.4% CAGR.

Economic Outlook

The global economic outlook is showing signs of improvement, with expectations of growth recovery for this year and the next. Despite challenges such as uncertainty surrounding the Ukraine conflict, slower-than-expected declines in global headline inflation, persistent food and fuel inflation in developing countries, and high retail inflation impacting consumer confidence and spending, governments are taking steps to address these issues.

New technologies, including AI, machine learning, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies, are poised to contribute significantly to global GDP in the coming years. While concerns about inflation and weakened demand may impact corporate investments, the rise of these new technologies is expected to partially reverse prevailing investment sentiment.

In the short term, the economic landscape presents a mix of challenges and opportunities for both consumers and investors. Businesses and leaders who can navigate this complex environment with resilience and adaptability are likely to discover opportunities amidst the uncertainty.

About the Industrial Multiprotocol Gateways Market

Industrial Multiprotocol Gateways facilitate communication and data exchange between various industrial devices and systems, ensuring seamless and efficient operations in manufacturing and industrial environments.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession
Living with COVID-19: The New Normal
Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
Weak Economic Environment & Negative Tide in GDP Impacts Industrial Multiprotocol Gateways Market
Global PMI Index Points for the Years 2018, 2019 & 2020
An Introduction to Industrial Multiprotocol Gateways
Global Market Outlook
Process Industry Segment Continues to Drive Market Gains
Developed Regions Lead, Emerging Economies to Boost Long-term Growth
Competition
Industrial Multiprotocol Gateways - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Recent Market Activity
Select Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing IoT Adoption and Increasing Prominence of IoT Gateways Spurs Market Opportunities
Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2020, 2022 and 2025
Industrial IoT Gateways: High Significance in Edge Computing
Functions of Industrial IoT Gateways
IIoT Gateways: Bringing Together IT and OT
Advantages of Industrial IoT Gateways
Multi-Protocol IoT Gateways for Industrial Applications
Use Cases of Industrial IoT Gateways
Industrial IoT Gateways Enhance Efficiencies
Notable Trends to Propel Growth in IoT Gateways Market
Current Trends in Industrial Automation & Industry 4.0 Favor Uptake of Multiprotocol Gateways
Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026 Year Market Size (US$ Billion)
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
Development of SoC for Industrial Multiprotocol Communication Supports Market Growth
Multi-Protocol SoCs to Revolutionize IoT Designs
Increasing Role of Artificial Intelligence in Industrial Sector Drives Opportunities for the Market
Global Market for AI in Manufacturing (In US$ Million) for the Years 2018, 2022 and 2024
As Demand Rises for Augmented Workforce, Multiprotocol Gateways to Hold Prominence
Adoption of Preventive Maintenance Continues to Gain Importance in Industries, Fueling Market Gains
Data Communication Systems, the Backbone for Successful Predictive Maintenance
5G to Turbocharge Predictive Maintenance Capabilities
Role of LoRaWAN Multiprotocol Gateway in Legacy Industrial Automation Facilities
Process Industries to Spearhead Future Growth in Industrial Multiprotocol Gateways Market
Digitization of Water Sector Presents Challenges, Multiprotocol Gateways Come to the Aid
Key Challenges Facing Industrial Multiprotocol Gateways

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qnqp0r

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