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The global cellular IoT gateway devices market is expected to grow from USD xx billion in 2023 to USD xx billion by 2030, at a compound annual growth rate (CAGR) of 24.8%. The increasing demand for cellular IoT connectivity for a wide range of applications, such as smart cities, smart buildings, smart manufacturing, and smart agriculture, is driving the market growth.
Cellular IoT gateway devices are devices that connect IoT devices to a cellular network. They play a critical role in the IoT ecosystem by providing a secure and reliable way for IoT devices to communicate with each other and with the cloud.
The smart cities segment is expected to hold the largest market share during the forecast period due to the increasing adoption of cellular IoT for smart city applications, such as smart traffic management, smart parking, and smart lighting. The smart manufacturing segment is expected to grow at the fastest CAGR during the forecast period due to the increasing adoption of cellular IoT for industrial automation and predictive maintenance applications.
North America is expected to hold the largest market share during the forecast period due to the early adoption of cellular IoT technology in the region. Asia Pacific is expected to grow at the fastest CAGR during the forecast period due to the increasing adoption of cellular IoT for smart city and smart manufacturing applications in the region.
Challenges such as the high cost of cellular IoT gateway devices, lack of standardisation, and security concerns are expected to hinder the market growth. However, the growing adoption of low-power wide-area (LPWA) cellular IoT networks and government initiatives to promote the adoption of cellular IoT are expected to create new opportunities for market growth.
The global cellular IoT gateway devices market is expected to witness significant growth in the coming years, driven by the increasing demand for cellular IoT connectivity for a wide range of applications, such as smart cities, smart buildings, and smart manufacturing.
Smart cities are one of the key drivers of market growth. As cities around the world become more digitised, the demand for cellular IoT gateway devices to connect smart city devices, such as traffic lights, parking sensors, and air quality monitors, to the cloud is increasing.
Smart buildings are another key driver of market growth. As businesses adopt smart building technologies to improve efficiency and reduce costs, the demand for cellular IoT gateway devices to connect smart building devices, such as thermostats, lighting systems, and security systems, to the cloud is increasing.
Smart manufacturing is another key driver of market growth. As manufacturers adopt smart manufacturing technologies to improve productivity and quality, the demand for cellular IoT gateway devices to connect smart manufacturing devices, such as robots, sensors, and actuators, to the cloud is increasing.
Despite the challenges of high cost, lack of standardisation, and security concerns, the global cellular IoT gateway devices market is expected to grow at a significant CAGR in the coming years, driven by the increasing demand for cellular IoT connectivity for a wide range of applications.
Using the cellular WAN connections on the gateway router, cellular IoT gateway routers are intelligent Internet gateways that IoT devices and sensors use to connect to the Internet.
This makes it possible for the IoT system to function without a traditional hard-wired internet connection like DSL, Ethernet, fibre, or cable.
The cellular gateway typically serves as a translator for field devices; for instance, it might gather data from field devices using various protocols, convert it to IP protocol, and send it over the cellular network.
There aren’t as many cutting-edge network features on gateways as there are on routers. Data is routed between IoT devices and the cloud by IoT gateways, which also serve as network routers.
Early on, the majority of gateway devices only transmitted traffic from IoT devices to the cloud. A gateway device now frequently manages both inbound and outbound traffic.
The global cellular IoT gateway market size is estimated to be worth USD XX billion in 2023 and is projected to grow at a CAGR of 24.8% to reach USD XX billion by 2030
Monnit launched its new ALTA Wireless IoT Gateway that showcases a cellular and Ethernet platform to keep ALTA Wireless Sensor networks in various environments and remote locations running strong on the Internet.
cellular engine of the ALTA IoT Gateway uses NarrowBand-Internet of Things (NB-IoT) 2 and 4G Long-Term Evolution (LTE) Category M1 (CAT-M1) 2. (NB2).
Its RJ-45 Ethernet jack supports connectivity backup and permits local device configuration and diagnostics. The ALTA IoT Gateway has two connectivity options: it can function as an Ethernet gateway with cellular failover or as a cellular gateway with Ethernet failover.
The iMonnit cloud software allows you to set up and manage ALTA Sensors on a mobile device or PC by connecting the ALTA IoT Gateway to it.
In order to log data and continuously keep an eye on critical conditions, it protects, aggregates, and communicates sensor data.
Gateway transmits radio frequency signals over long distances with interference immunity up to one mile away (line-of-sight) and 1,200 feet through at least 12 walls (non-line-of-sight).
Additionally, the ALTA IoT Gateway offers a battery backup of up to 60 hours, and GPS data is available for an additional cost.
5G networks offer a number of advantages over 4G LTE networks for cellular IoT applications, including:
5G networks offer lower latency than 4G LTE networks, meaning that data can be transmitted and processed more quickly. This reduced latency can be beneficial for cellular IoT applications that require precise timing, such as self-driving cars and robotics.
5G networks offer more bandwidth than 4G LTE networks, meaning that more data can be transmitted simultaneously. This increased bandwidth can be beneficial for cellular IoT applications that generate large amounts of data, such as smart city applications and environmental monitoring applications.
Cisco is one of the leading companies in the global cellular IoT gateway market. In February 2023, Cisco launched the Cisco Meraki MG51 and MG51E 5G Gateways. These gateways are the first 5G gateways from Cisco Meraki, and they enable customers to auto-provision and cloud-manage an ultra-high bandwidth, 5G-powered WAN uplink from the Cisco Meraki platform.
The Cisco Meraki MG51 and MG51E 5G Gateways feature a number of innovative technologies, including:
In addition to the Cisco Meraki MG51 and MG51E 5G Gateways, Cisco also offers a wide range of other cellular IoT gateway devices, including:
These switches are designed for enterprise and industrial applications, and offer a high level of performance and reliability.
These routers are designed for small and medium-sized businesses, and offer a cost-effective and easy-to-deploy solution for cellular IoT connectivity.
These gateways are designed for harsh industrial environments, and offer a high level of ruggedness and reliability.
Cisco’s cellular IoT gateway devices are used by a wide range of customers in a variety of industries, including smart cities, smart buildings, smart manufacturing, and smart agriculture. Cisco is committed to providing its customers with the best possible cellular IoT gateway solutions, and is constantly innovating to meet the needs of the growing IoT market.
AI-powered security features: Cellular IoT gateways are increasingly being equipped with AI-powered security features to protect against cyberattacks. For example, Huawei’s new cellular IoT gateway features AI-powered anomaly detection to identify and mitigate security threats.
Edge computing capabilities: Cellular IoT gateways are also being equipped with edge computing capabilities to enable local data processing and storage. This can reduce latency and improve performance for cellular IoT applications, while also improving security and privacy.
Support for multiple cellular networks: Cellular IoT gateways are now supporting multiple cellular networks, including 4G LTE, 5G, and LPWA networks. This allows customers to choose the network that best meets their needs, depending on the application and the environment.
Cloud-based management: Cellular IoT gateways are increasingly being managed through cloud-based dashboards. This makes it easier to deploy, configure, and manage devices, and to monitor their performance.
These new trends are making cellular IoT gateways more secure, efficient, and scalable, which is driving the growth of the cellular IoT gateway market.
Here are some specific examples of new technologies brought to the market by recent companies:
In addition to the above developments, here are some other key trends that are driving the global cellular IoT gateway devices market:
Increasing demand for cellular IoT connectivity for a wide range of applications:
Cellular IoT is being used for a wide range of applications, such as smart cities, smart buildings, smart manufacturing, and smart agriculture. The increasing demand for these applications is driving the growth of the cellular IoT gateway devices market
Growing adoption of LPWA cellular IoT networks:
LPWA cellular IoT networks are ideal for IoT applications that require low-power consumption and long-range connectivity. The growing adoption of LPWA cellular IoT networks is driving the growth of the cellular IoT gateway devices market.
Government initiatives to promote the adoption of cellular IoT:
Governments around the world are taking initiatives to promote the adoption of cellular IoT. These initiatives are expected to boost the growth of the cellular IoT gateway devices market.
