Gothenburg, Sweden. 31 October 2022 – Berg Perception, the IoT market analysis supplier, has launched new findings about the marketplace for mobile IoT gateways and routers. Greater than 4.5 million mobile IoT gateways have been shipped globally throughout 2021, at a complete market worth of roughly US$ 1.15 billion (€1.16 billion). Annual gross sales grew at a price of 14% as demand recovered following the COVID-19 pandemic.
The business skilled on the identical time constrained provide of key parts like mobile modules and CPUs, leading to prolonged supply occasions. Gross sales progress has continued into 2022 however will probably slowdown in 2023 as financial circumstances tighten throughout the primary areas. Till 2026, annual revenues from the gross sales of mobile IoT gateways is forecasted to develop at a compound annual progress price (CAGR) of 14% to achieve US$ 2.18 billion (€2.19 billion) on the finish of the forecast interval.
Mobile IoT gateways embody general-purpose routers, gateways and modems that present major or failover mobile connectivity to gadgets in an area community. The product class has advanced over the previous a long time from easy networking gadgets to aggregation factors for gadgets, implementing superior performance for safety and edge computing. The market is pushed by the rising want to attach belongings and work forces in distant and non permanent places as enterprises digitalise their operations.
Cradlepoint, a part of Ericsson since late 2020, is the clear chief within the area and differentiates itself by promoting its routers mixed with software program and companies solely via a subscription mannequin. Teltonika Networks is the runner up and achieved the very best progress price within the business of near 100%. Different distributors that maintain important market shares are Cisco, Sierra Wi-fi and Digi Worldwide. These 5 distributors generated US$ 625 million (€629.26 million) in mixed annual revenues from the gross sales of mobile IoT gateways and routers and maintain a market share of 54%. Different vital distributors embody MultiTech, Lantronix, Systech and Casa Programs within the US; InHand Networks, Peplink, Hongdian, Robustel and Advantech in Asia-Pacific; and HMS Networks, NetModule, Matrix Electrónica, Westermo and RAD within the EMEA area. The European and Asia Pacific markets are fragmented with a lot of small and medium sized gamers that generate annual revenues within the vary of US$ 5–25 million.
Obtain report brochure: The International Mobile IoT Gateway Market
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