Home Gateway Market Size, Share, Growth, and Industry Analysis By Type (ADSL, VDSL, Ethernet, GPON, Others) By Application (Residential, Commercial (Hotel, etc.), Others (Hospital, etc.),) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2031

HOME GATEWAY MARKET REPORT OVERVIEW

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The global home gateway market size was USD 5338 million in 2022 and is expected to reach USD 8866.52 million in 2031, exhibiting a CAGR of 5.8% during the forecast period.

Home Gateway is proving to be a growing technology that is being quickly embraced on a global scale. IoT gateways are being viewed as a crucial component for connecting both current and future devices to the Internet of Things. IoT gateways carry out a number of tasks, such as data filtering, security, device connectivity, and protocol translation. The market for IoT gateways is expanding due in large part to the rising demand for IoT-enabled devices and personalized technologies.

COVID-19 Impact: COVID-19 lockdown impedes market growth

The global COVID-19 pandemic has been unprecedented and staggering, with Home Gateway Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Because of lockdowns, travel restrictions, and company closures, the COVID-19 epidemic has had an impact on the economies and sectors of many different nations. One of the primary sectors affected by this outbreak is the global food and beverage sector, which is currently dealing with supply chain disruptions, technology event cancellations, and office closures. With and the greatest raw material providers, China is the center of the world's manufacturing. The ongoing smart city efforts have been badly damaged by the COVID-19 outbreak. Global lockdowns have had a significant impact on the labour force, logistics, supply chain, poor production, and high cost of hardware, which has hampered market expansion. In order to address the issues of congestion and preserving social distance in public spaces in densely populated metropolitan areas, governments are concentrating on smart solutions in collaboration with private businesses. Thus, the 2019 pandemic issue has increased real-time connection in smart cities, driving up demand for this technology. In order to deal with such health emergencies, the development of smart cities is primarily focused on the application of cutting-edge technologies like IoT, according to the research of Capgemini Sustainable Business Revolution 2030.

Latest Trends

"Growing IoT Adoption to Support Growth"

On Internet of Things (IoT) systems, gateways are often used to facilitate endpoint device interoperability. The gateways, however, do not have data logic control capabilities and instead concentrate exclusively on networking communication. The embedded intelligence-equipped microcontrollers are prepared to serve as an intermediary device to facilitate the connecting of endpoint devices. The hardware for IoT gateways consists of a CPU or microcontroller, security features, IoT sensors, and connection modules like Bluetooth and ZigBee. The demand for application-specific MCUs and their increasing availability are expected to propel their adoption in IoT gateways.

HOME GATEWAY MARKET SEGMENTATION

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• By Type Analysis

According to type, the market can be segmented into ADSL, VDSL, Ethernet, and GPON, Others. ADSL is the leading segment in the upcoming years.

• By Application Analysis

Based on application, the market can be divided into Residential, Commercial (Hotel, etc.), others (Hospital, etc.) 1, segment 2, etc. Residential will be the dominating segment.

Driving Factors

"Internet applications continued growth "

In the near future, the worldwide IoT gateway market is anticipated to receive the majority of its income from wearable devices. The term "wearable devices" describes a group of technological gadgets that people can wear and that typically provide fitness and health-related information. The key drivers driving the growth of the IoT gateway market are the increased use of the internet of things, rising support for wearable technology, such as smart watches, fitness trackers, and activity trackers, and rising consumer demand for personalized technology.

"Generating a massive amount of data"

Industry now provides users with appealing functionalities in response to rising demand for cyber protection and sophisticated security protocols. The increasing acceptability of wearable appliances in a variety of application areas, including medical and healthcare, industrial, and military, is one of the key drivers driving the market's expansion.

Restraining Factors

"Inadequate Norms And Protocols Impedes The Market Growth"

The inadequate norms and protocols that are impeding the market are among the contributing reasons. Additionally, throughout the projected period, the expansion of the global home gateway market is anticipated to be constrained by connected devices' high power consumption.

HOME GATEWAY MARKET REGIONAL INSIGHTS

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"North America Will Continue To Lead The Market Through 2028"

By 2022, North America is anticipated to account for the greatest share of the worldwide IoT gateway market in terms of revenue; however, Asia-Pacific is anticipated to experience the industry's quickest growth rate during the forecast period. One of the key factors driving the growth of the IoT gateway market in North America is the advancement of research and development in the IoT field to produce smaller, less expensive, and improved devices. The operation areas of the Internet of Things are being expanded in several industries, particularly in the U.S., in areas including healthcare, consumer electronics, healthcare, banking, and automotive.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List Of Top Home Gateway Companies

• Arris Enterprises (U.S.)
• Cisco Systems (U.S.)
• Huawei Technologies (China)
• Sagemcom (France)
• AVM (Germany)
• Advanced Digital Broadcast (U.K.)
• Actiontec Electronics (U.S.)
• Humax (U.S.)
• Technicolor (U.S.)
• ZTE (U.S.)
• Zhone Technologies (U.K.)
• ZyXEL Communications (Taiwan)
• Comtrend (France)
• Audio Codes (Israel)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.