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IoT gateway devices market trends are driven by rising digital transformation and the increasing requirement for remote health monitoring and connected medical devices across the healthcare sector.<br><br>Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4819
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IoT Gateway Devices Market is projected to reach CAGR 15% by 2027
Key Insights from IoT Gateway Devices Market: • IoT gateway devices market trends are driven by rising digital transformation and the increasing requirement for remote health monitoring and connected medical devices across the healthcare sector. In addition, IoT technology also provides remote monitoring and real-time access to a patient’s health data, fostering industry expansion. • Furthermore, numerous industry participants are focusing on new innovations in healthcare-related IoT-based devices, boosting market growth through the forecast period. For instance, in January 2021, Zyter, Inc. rolled out Bluetooth-based IoT gateway solutions to be deployed in smart hospitals. The product will have applications in patient monitoring, patient tracking, and hospital bed device monitoring applications. • The demand for IoT gateway devices is increasing due to the adoption of new product launches and footprint expansion strategies by key market players. For instance, in April 2021, Adtran, Inc., announced the launch of IoT (Internet of Things) Gateway which is based on LoRaWAN technology.
Regional Insights in IoT Gateway Devices Market: • Europe IoT gateway devices market accounted for a revenue of nearly 18.5% in 2020. The region is expected to expand at a CAGR of around 14.5% between the period of 2021 and 2027. This upsurge is driven by the escalating demand for connected devices, consumer electronics, and home automation solutions in the region. • The IoT gateway devices market growth will also be boosted by the introduction of new regulations and initiatives by the European government for the protection of the data and privacy of its citizens. • Considering an instance, in January 2020, the UK government formulated a new law for the improvement and strengthening of security standards for IoT-connected devices in the country’s households. This regulation has compelled consumer IoT device manufacturers to impel a public point of contact and restrict the time on devices that receive security updates.
Latest Research Report On IoT Gateway Devices Market @ https://www.gminsights.com/industry-analysis/iot-gateway-devices-market Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4819
Major Companies in IoT Gateway Devices Market: • Dell Technologies Inc. • Huawei Technologies Co. • Advantech Co., Ltd. • Intel Corporation, Ltd. • ADLINK Technology Inc. • Laird Connectivity, Inc.
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