Industrial Edge Computing Gateway Market Size, Share, Growth, and Industry Analysis, By Type (Embedded and Wall-mounted) By Application (Manufacturing, Energy and Electricity and Transportation) and Regional Insights and Forecast to 2032

industrial edge computing gateway market REPORT OVERVIEW

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The global Industrial Edge Computing Gateway market size was USD 0.98 billion in 2023 and will touch USD 2.06 billion by 2032, exhibiting a CAGR of 8.7% during the forecast period.

A gateway for industrial edge computing, sometimes referred to as an Industrial Internet of Things (IIoT) edge gateway, is a gadget that links edge infrastructure and IoT devices. This is a developed product. It's an important component of computing at the edge, which lowers bandwidth requirements and filters pertinent data to assist enterprises in managing massive volumes of data. This is a technological product. Privacy and security rules may be more easily complied with when edge computing maintains data near to its source. The product is very beneficial and should be developed more. Always-on connectivity with options for redundancy and resilience can be obtained using edge computing.

Businesses see increase in potential of edge computing to develop the manufacturing sector, due to which demand for edge computing is increasing. The product is growing due to various factors. Edge computing helps manufacturing businesses to take use of real-time data processing, advanced analytics, and the convergence of IT and OT to increase productivity, cut costs, and enhance business outcomes. There should be a growth in the market due to several factors. Businesses see the enormous potential of edge computing to revolutionize the manufacturing sector, which is why demand for edge computing is increasing. Edge computing helps manufacturing businesses to take use of real-time data processing, advanced analytics, and the convergence of IT and OT to increase productivity, cut costs, and enhance business outcomes. This factor has augmented the Industrial Edge Computing Gateway market growth.

COVID-19 Impact: Market Growth Obstructed by Pandemic due to Lockdown

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has expedited the implementation of technologies and underscored the significance of connection and data management. The pandemic had affected the market. IoT gateways have been important in facilitating contactless activities, real-time data processing, and remote monitoring for sectors including manufacturing, logistics, and healthcare during the pandemic. The product was developed in this time. The market for industrial edge computing was significantly impacted by the COVID-19 epidemic. Industries looked to edge computers for local data processing and enhanced resilience due to problems with supply chains and mobility limits.

LATEST TRENDS

"Digital Transformation to Drive Market Growth"

The oil and gas sector is already very competitive, but this has been made even more so by the current uncertainties surrounding the market for natural gas and oil. Companies have been under pressure to lower their capital and operating expenses as a result. The product is being known by the people and the market growth is increasing. Various digital advancement is going to increase the growth of the market. In addition, the digital transformation of the sector is being facilitated by the emergence of technologies like computing at the edge and the Internet of Things. The product is very useful in the technological sector. It is yet early to tell whether IoT will revolutionize the industry, as it needs to catch up to other industries like manufacturing in terms of digitalization and automation.It is very easy to operate. Businesses that want to remain successful in today's market must take advantage of this shift to boost productivity and reduce expenses.

industrial edge computing gateway market SEGMENTATION

By Type

Based on type the global market can be categorized into Embedded and Wall-mounted amongst which the leading segment is the Layer 4-6.

• Embedded : New computer technology known as "edge computing" is situated at the "edge of the network," in between hardware and embedded systems. With several devices or embedded systems, edge nodes can execute functions and store data thanks to their connectivity.

• Wall-mounted:One of the numerous installation choices for edge computing hardware, which is frequently used in locations with limited space, is wall mounting. These are a few wall-mounted edge computing products.

By Application

Based on application the global market can be categorized into Manufacturing, Energy and Electricity and Transportation amongst which the leading segment is the Consumer Electronics.

• Manufacturing: Gateways for industrial edge computing assist manufacturers in handling and processing vast volumes of data gathered by Internet of Things devices. They can support increased industrial security, dependability, and efficiency.

• Energy and Electricity: In order to deal with and evaluate data closer to its source, the energy and electrical industries can make use of edge computing, a distributed computing paradigm.

• Transportation: Edge computing avoids centralized warehouses by processing data close to its source. It can be seen in traffic signals, roadside IoT devices, and connected cars.

DRIVING FACTORS

"Technological Advancement to Boost the Market"

To increase output, save costs, and improve efficiency, several industries, including production, healthcare, transportation, and agriculture, are embracing new technologies. Market expansion is fueled by IoT gateways, which provide the smooth integration of many devices. Increased demand for IoT gateways is being caused by advancements in communication technologies, such as Wi-Fi 6, LPWAN, and 5G, which provide quicker and more dependable connectivity.

"Upgradation in Technology to Expand the Market"

A crucial component that greatly leverages the worldwide edge computing market is the integration of Al/ML. Making decisions at the network edge in real time is made possible by integrating machine learning (ML) and artificial intelligence (AI) technologies into edge computing devices. By enabling real-time analyzing and making decisions based on at the edge, Al/ML integration propels the market for edge computing. Organizations may expedite the extraction of useful insights, improve user experiences, and optimize operations by implementing Al and ML algorithms in closer proximity to data generation. Together with lowering latency and bandwidth constraints, this integration enhances the overall effectiveness and responsiveness of edge computing systems by eliminating the need for lengthy data transfer to centralized cloud servers.

RESTRAINING FACTOR

"High Investment to Impede Market Growth"

Investing heavily in networking hardware, edge devices, and administration systems is often necessary for the successful implementation of edge computing solutions. For businesses without the knowledge or resources to properly implement and manage edge computing environments, this complexity may be a barrier to adoption. A factor restricting the global market is the intricacy of the infrastructure needed to implement edge computing technologies. The necessary devices at the edge, network elements, and management systems can be difficult for organizations to set up and maintain. This complexity may discourage adoption, especially for companies without the knowledge or resources necessary to successfully manage the complexities involved in setting up and sustaining edge computing infrastructures.

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industrial edge computing gateway market REGIONAL INSIGHTS

"North America  Dominating the Market due to Advanced Technology"

The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

The increasing use of multiple devices, the growing need for low-latency processing across industries, and the developments in 5G technology are driving the edge computing market's rise in North America. To enable new applications like industrial automation, smart cities, and autonomous cars, major regional companies are making significant investments in edge computing infrastructure. The area leads this industry because of important technology hubs and a strong ecosystem of edge computing manufacturers. With additional investments in edge infrastructure, alliances, and creative use cases across industries, North America is anticipated to maintain its leadership position in the global edge computing industry.

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 Industrial Edge Computing Gateway Companies

• DELL (U.S.)
• HPE (U.S.)
• Cisco (U.S.)
• Huawei (China)
• ABB (Switzerland)

INDUSTRIAL DEVELOPMENT

February 2024: This deal was made between AWS and NTT DOCOMO to support the latter's statewide 5G open radio access network (RAN) rollout in Japan. With this advancement, AWS will keep enabling its 5G networks that are Al-driven, sustainable, and truly cloud native. AWS is interested in working with NTT DOCOMO to deliver 5G Core and Open RAN with new levels of energy efficiency, resilience, and improved customer experiences. (AWS has been working with CSPs in order to develop solutions in advanced networking, edge services, and silicon innovation for 5G technology)

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, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.