What is an IoT Gateway and what does it do?
IoT (Internet of Things) is witnessing rapid adoption in diverse industry verticals across the globe. IoT gateways are considered as an essential component for carrying traditional as well as next-generation devices to the IoT. IoT gateways perform numerous functions, such as protocol translation, data filtering, device connectivity and security, among others. IoT gateways are devices or software programs which connects cloud and sensors, controllers, intelligent devices. All the data moving from or to the cloud goes through dedicated hardware or software, referred to as the IoT gateway.
Some of the major drivers propelling the growth of the IoT gateway market includes enhanced internet connectivity in technologically developing economies and rising IP address space as well as security solutions offered in IPv6. Further, the IoT gateways market is driven by the increasing adoption of connected devices worldwide. Although, complexity, as well as security and privacy concerns, acts as hindering factors to IoT gateway market. Also, the lack of communication standards and common protocols are challenging factors to the IoT gateway market.
Key Players: AAEON Technology Inc., Adlink Technology Inc., Advantech Co., Ltd.,Cisco Systems, Inc, Dell Technologies Inc., Eurotech S.P.A, Hewlett Packard Enterprise Co., Huawei Technologies Co, Ltd, Nexcom International Co., Ltd., NXP Semiconductors N.V.