IoT Gateway Shipments Rising Fueled by Industrial, Commercial Sectors, Report Says
IoT gateway shipments are on the rise, forecast to exceed 64 million units in 2021, ABI Research reported Monday. Home automation and security market components will be well over half of all IoT gateway shipments over the next five years,…
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and mobility, transportation, industrial and infrastructure segments will generate the most revenue, ABI said. The home automation and security market, which relies on gateways for aggregating and orchestrating communications between home sensors and cloud services, will be just 30 percent of the market’s five-year value because home gateways don’t have the same requirements for ruggedness, antenna design and processors as those used in industrial and commercial settings, said analyst Dan Shey. The industrial and infrastructure market segment relies on traditional markets such as smart grid and video surveillance, and in the future will benefit from applications in smart cities and manufacturing industries, he said.