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IoT Gateway Market Growth, Size & Share Expanding Across The Globe By 2019 – 2024

IoT Gateway Market
Press Release

The development of connected appliances by business organizations is increasing and the whole ecosystem surrounding them is also growing remarkably. As IoT gateway structures the center piece in the building block for IoT, soaring development of connected appliances is supporting the growth of IoT gateway market globally.

IoT helps the building management companies by controlling millions of square feet of office and industrial space from a remote location using a scattered IoT network of sensors and controllers connected via cloud.

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North America is expected to contribute the largest revenue to the global market for IoT gateway by 2022; however, the market for IoT gateway is expected to register the fastest growth rate in Asia-Pacific, during the forecast period.

IoT is proving to be a rising technology and is being rapidly adopted worldwide. IoT gateways are being considered as a fundamental element for carrying traditional and next generation devices to the Internet of Things.

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The IoT gateways ecosystem comprises component providers, distributors, network operators, network providers, and IoT system integrators. Some of the key players in the global IoT gateways market include Intel Corporation, Mitsubishi Electric Corporation, NXP Semiconductors N.V., Super Micro Computer, Inc. and Super Micro Computer, Inc. among others.

This post was originally published on Raleigh Recorder