IoT Gateways Market: Projected Growth from USD 1.398 Billion in 2022 to USD 3.40 Billion by 2030, at a CAGR of 13.53%
Market Overview:
The IoT Gateways market is expected to expand from USD 1.398 billion in 2022 to USD 3.40 billion by 2030, representing a compound annual growth rate (CAGR) of 13.53% during the forecast period from 2024 to 2030.
IoT gateways are essential devices that bridge the communication between IoT devices and cloud servers, ensuring the secure and efficient exchange of data. They handle multiple protocols, data aggregation, and processing to support communication between devices, sensors, and enterprise systems. The IoT gateways market has gained significant traction due to the growing adoption of the Internet of Things (IoT) across industries like manufacturing, healthcare, automotive, and smart cities. These devices facilitate secure, real-time data collection, analysis, and decision-making, which is key to enabling the full potential of IoT applications.
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