May 5, 2020

Industrial Multiprotocol Gateways Market Extensively Used By The Majority Of Industries Forecast

Global Industrial Multiprotocol Gateways Market: Introduction

  • Multiprotocol gateways are gateways with the capability of communicating through multiple communication protocols such as Ethernet Powerlink, Ethernet/IP, Ether CAT, PROFINET, BT, LoRa, SERCOS, and Wi-Fi
  • Industrial multiprotocol gateways are increasingly being adopted in the automation sector. This factor is expected to drive the global industrial multiprotocol gateways market in the next few years.

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Global Industrial Multiprotocol Gateways Market: Dynamics

  • Growing development of system-on-chip (SOC) for multiprotocol communication is considered to be a key factor driving the global industrial multiprotocol gateways market
  • System-on-chip supports multiple wireless standards. Thus, providers of chips and modules are offering system-on-chip to enable gateways to support multiple protocols.
  • Furthermore, growing prominence of IoT (Internet of Things) gateways is another key factor driving the industrial multiprotocol gateways market. The IoT technology is increasingly gaining prominence across various industries, owing to supporting gateway protocols. This helps in smooth communication among different networks.
  • IoT ecosystem comprises several layers including collection and distribution layer, measurement component layer, and analysis layer.
  • Usage of IoT gateways is increasing also due to rise in the volume of data generated through IoT devices.
  • Moreover, IoT gateway is gaining popularity and this results into development of new generation IoT gateways with improved level of overall system responsiveness. Thus, development of IoT gateways is expected to positively impact the global industrial multiprotocol gateways market in the next few years.
  • However, use of traditional mechanisms is expected to limit the growth of industrial multiprotocol gateways market during the forecast period. Small-scale networks use transparent mode communications, while, for large-scale networks, latency can occur, particularly in case of high traffic in the network. This is resulting in wastage of network bandwidth and SCADA (supervisory control and data acquisition).
  • Thus, obstacles caused by the use of traditional mechanisms are anticipated to restrain the global industrial multiprotocol gateways market in the near future

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