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Industrial Multiprotocol Gateways Market by End-user (Process industries, Discrete industries) by Distribution Channel (Remote monitoring, Preventive maintenance, Product optimization): Size, Trends, Share and Growth Report | Forecast to 2028

Published: | Report ID: 7612 | Report Format : PDF

Market Insights

The industrial protocol gateways market will experience rapid expansion over the next decade. Several factors will drive this. The most critical of these are advances in artificial intelligence, of which industrial multiprotocol gateways are a prime component. Hence, advancements in artificial intelligence and its latest trends and developments will have a far-reaching effect on the industrial multiprotocol gateways market.

The global Industrial Multiprotocol Gateways market is expected to provide a cumulative growth opportunity equivalent to USD 3.13 billion between 2022 and 2028. The global Industrial Multiprotocol Gateways market has shown rapid recovery from a sharp decline in 2020 and bounced back with almost 10.82% growth in 2021. As a result, the revenue garnered by the global Industrial Multiprotocol Gateways industry in 2021 stood at USD 269.99 million, which is likely to cross the USD 587.54 million mark by the end of 2028.

Networking & Communications

Interesting Facts about Industrial Multiprotocol Gateways Industry

  • Industrial Multiprotocol Gateways facilitate communication between the device to device and device to cloud.
  • Global IoT node and gateway industry to generate revenue of over USD 750 billion by 2028
  • Process industries dominated the Industrial Multiprotocol Gateways market with over 55% share in 2021
  • Industrial Multiprotocol Gateways demand is dominated by the Remote monitoring application in 2021, with over 40% share.
  • S., Germany, UK, Japan, China, and France are dominating economies in the global Remote monitoring market
  • The higher cost of installation of Industrial Multiprotocol Gateways is one of the potential factors holding back the growth of this industry.
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Increasing Adoption of AI in the Industrial Sector

The year 2022 will be a critical time frame since this is the time when there will be the most significant advancements in artificial intelligence owing to several factors that are increasing the momentum of AI research. Leading technology company CEOs are already stating that AI progress will have a far greater effect on humankind’s advancement, which will be even greater than that of electricity.

This might seem to be a bold claim, but considering what is being achieved by AI, like cancer treatment developments, space exploration, and climate change mitigation, this is not an overly ambitious prospect.

It is hard to imagine the effects and the scale of the impact that AI will soon have. Very soon, AI-powered algorithms will make accurate decisions that will bring AI systems to par with human intelligence. Not only that, they will be able to make proper decisions much faster than human beings. The implications are very profound, and the ramifications are enormous.

Rising Demand for Augmented Workforce

As it is, AI developments are giving rise to the concept of the augmented workforce. Although it has always been feared that robots will take the place of the human workforce, it is more likely that initially, at least, AI-powered robots and machines will work intelligently beside human beings. That is, AI-powered algorithms will boost workers’ cognitive abilities and performance.

Already, these abilities are being put to the test with impressive results. For example, in marketing, AI systems are helping to identify leads that have a greater likelihood of completing the sale. As a result, marketers can identify and work on valuable tips to boost their sales performance. AI tools even predict the value of sales that prospective customers will create.

Preventive Maintenance to Grow at Rapid Pace

Remote monitoring, Preventive maintenance, and Product optimization are some of the critical application areas for the Industrial Multiprotocol Gateways. In the field of engineering, AI is also creating a solid impact. For example, it helps with predictive maintenance. Consequently, human workers will be able to identify potential issues as they arise in machinery. AI will identify these issues before they become severe problems like mechanical failure or breakdowns. As a result, there will be fewer stoppages and much lower downtime. This will lead to a higher rate of order fulfillment and thus much greater customer satisfaction.

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Intelligent tools are emerging in almost every sector, vertical, and industry you can imagine. It is hard to think of any sector that will not be profoundly affected by AI. These developments will have a positive impact on the industrial multiprotocol gateways market.

ABB Group, Accton Technology, Advantech, Artila Electronics, ASUSTeK Computer Inc., Control, Digi International, D-Link Global, Eaton, Elpro technologies, Emerson, Extreme Networks, hejm automation, HMS Networks, Honeywell, Lectronix Inc., Moxa Inc., Multi-Tech Systems, San Telequip Pvt. Ltd., Schneider Electric, Siemens, Valmet, and Wink are some of the leading players in global Industrial Multiprotocol Gateways market.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Industrial Multiprotocol Gateways Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Industrial Multiprotocol Gateways Market Value, 2016-2028, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2021
3.3.1.End-user
3.3.2.Application
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute End-users
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2021
4.1.Company market share of key players, 2021
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players
5.COVID 19 Impact Analysis
5.1.Global Industrial Multiprotocol Gateways Market Pre Vs Post COVID 19, 2019 – 2028
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Industrial Multiprotocol Gateways Market, by Country, 2016-2028(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
6.2.1.Overview
6.2.2.Process industries
6.2.3.Discrete industries
6.3.North America Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
6.3.1.Overview
6.3.2.Remote monitoring
6.3.3.Preventive maintenance
6.3.4.Product optimization
6.3.5.Others

7.Europe
7.1.Europe Industrial Multiprotocol Gateways Market, by Country, 2016-2028(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
7.2.1.Overview
7.2.2.Process industries
7.2.3.Discrete industries
7.3.Europe Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
7.3.1.Overview
7.3.2.Remote monitoring
7.3.3.Preventive maintenance
7.3.4.Product optimization
7.3.5.Others

8.Asia Pacific
8.1.Asia Pacific Industrial Multiprotocol Gateways Market, by Country, 2016-2028(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
8.2.1.Overview
8.2.2.Process industries
8.2.3.Discrete industries
8.3.Asia Pacific Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
8.3.1.Overview
8.3.2.Remote monitoring
8.3.3.Preventive maintenance
8.3.4.Product optimization
8.3.5.Others

9.Latin America
9.1.Latin America Industrial Multiprotocol Gateways Market, by Country, 2016-2028(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
9.2.1.Overview
9.2.2.Process industries
9.2.3.Discrete industries
9.3.Latin America Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
9.3.1.Overview
9.3.2.Remote monitoring
9.3.3.Preventive maintenance
9.3.4.Product optimization
9.3.5.Others

10.Middle East
10.1.Middle East Industrial Multiprotocol Gateways Market, by Country, 2016-2028(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
10.2.1.Overview
10.2.2.Process industries
10.3.Middle East Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
10.3.1.Overview
10.3.2.Remote monitoring
10.3.3.Preventive maintenance
10.3.4.Product optimization
10.3.5.Others

11.Africa
11.1.Africa Industrial Multiprotocol Gateways Market, by Country, 2016-2028(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
11.2.1.Overview
11.2.2.Process industries
11.2.3.Discrete industries
11.3.Africa Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
11.3.1.Overview
11.3.2.Remote monitoring
11.3.3.Preventive maintenance
11.3.4.Product optimization
11.3.5.Others

12.Global
12.1.Global Industrial Multiprotocol Gateways Market, by End-user, 2016-2028(US$ Bn)
12.1.1.Overview
12.1.2.Process industries
12.1.3.Discrete industries
12.2.Global Industrial Multiprotocol Gateways Market, by Application, 2016-2028(US$ Bn)
12.2.1.Overview
12.2.2.Remote monitoring
12.2.3.Preventive maintenance
12.2.4.Product optimization
12.2.5.Others

13.Company Profiles
13.1.ABB Group
13.2.Accton Technology
13.3.Advantech
13.4.Artila Electronics
13.5.ASUSTeK Computer Inc.
13.6.Comptrol
13.7.Digi International
13.8.D-Link Global
13.9.Eaton
13.10.Elpro technologies
13.11.Emerson
13.12.Extreme Networks
13.13.hejm automation
13.14.HMS Networks
13.15.Honeywell
13.16.Lectronix Inc.
13.17.Moxa Inc.
13.18.Multi-Tech Systems
13.19.San Telequip Pvt. Ltd.
13.20.Schneider electric
13.21.Siemens
13.22.Valmet
13.23.Wlink
13.24.Others

List of Figures

FIG. 1Global Industrial Multiprotocol Gateways Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Industrial Multiprotocol Gateways Market Segmentation
FIG. 4Global Industrial Multiprotocol Gateways Market, by End-user, 2019 (US$ Bn)
FIG. 5Global Industrial Multiprotocol Gateways Market, by Application, 2021 (US$ Bn)
FIG. 6Global Industrial Multiprotocol Gateways Market, by Geography, 2021 (US$ Bn)
FIG. 7Attractive Investment Proposition, by Geography, 2021
FIG. 8Global Market Positioning of Key Industrial Multiprotocol Gateways Market Manufacturers, 2019
FIG. 9Global Industrial Multiprotocol Gateways Market Value Contribution, By End-user, 2021 & 2028 (Value %)
FIG. 10Global Industrial Multiprotocol Gateways Market, by Process industries, Value, 2016-2028 (US$ Bn)
FIG. 11Global Industrial Multiprotocol Gateways Market, by Discrete industries, Value, 2016-2028 (US$ Bn)
FIG. 12Global Industrial Multiprotocol Gateways Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 13Global Industrial Multiprotocol Gateways Market, by Product optimization, Value, 2016-2028 (US$ Bn)
FIG. 14Global Industrial Multiprotocol Gateways Market, by Remote monitoring, Value, 2016-2028 (US$ Bn)
FIG. 15Global Industrial Multiprotocol Gateways Market, by Preventive maintenance, Value, 2016-2028 (US$ Bn)
FIG. 16U.S. Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 17Rest of North America Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 18U.K. Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 19Germany Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 20France Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 21Italy Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 22Spain Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 23Russia Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 24BENELUX Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 25Poland Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 26Austria Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 27Rest of Europe Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 28Japan Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 29China Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 30India Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 31South Korea Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 32Australia Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 33Southeast Asia Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 34Rest of Asia Pacific Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 35Middle East & Africa Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 36South Africa Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 37Nigeria Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 38Egypt Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 39GCC Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 40Israel Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 41Latin America Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 42Mechanicalzil Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 43Argentina Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 44Colombia Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 45Peru Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)
FIG. 46Chile Industrial Multiprotocol Gateways Market, 2016-2028 (US$ Bn)

 

List of Tables

TABLE 1Market Snapshot: Global Beauty Devices (Industrial Multiprotocol Gateways) Market
TABLE 2Global Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 3Global Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 4Global Industrial Multiprotocol Gateways Market, by Geography, 2016-2028 (US$ Bn)
TABLE 5North America Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 6North America Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 7North America Industrial Multiprotocol Gateways Market, by Country, 2016-2028 (US$ Bn)
TABLE 8Europe Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 9Europe Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 10Europe Industrial Multiprotocol Gateways Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 11Asia Pacific Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 12Asia Pacific Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 13Asia Pacific Industrial Multiprotocol Gateways Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 14Latin America Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 15Latin America Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 16Latin America Industrial Multiprotocol Gateways Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 17Middle East Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 18Middle East Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 19Middle East Industrial Multiprotocol Gateways Market, by Country/Region, 2016-2028 (US$ Bn)
TABLE 20Africa Industrial Multiprotocol Gateways Market, by End-user, 2016-2028 (US$ Bn)
TABLE 21Africa Industrial Multiprotocol Gateways Market, by Application, 2016-2028 (US$ Bn)
TABLE 22Africa Industrial Multiprotocol Gateways Market, by Country/Region, 2016-2028 (US$ Bn)

Frequently Asked Questions

How COVID 19 Impacted Industrial Multiprotocol Gateways Market?

Likewise other industries, COVID 19 also taken a toll on Industrial Multiprotocol Gateways market with around 10.22% decline in its revenue in 2020 as compare to 2019

Which is the leading regional market for Industrial Multiprotocol Gateways?

North America is the largest regional market with highest share in the total volume of Industrial Multiprotocol Gateways consumed in 2021

What is the major growth driving factors for global Industrial Multiprotocol Gateways market?

Strong and consistent demand for industrial automation and growing adoption of Industrial AI

Which is major segment in Industrial Multiprotocol Gateways market by type?

Process industries segment dominated the Industrial Multiprotocol Gateways market in 2021 with over 55% share

Which is major segment in Industrial Multiprotocol Gateways market by application?

Remote monitoring was the largest application of Industrial Multiprotocol Gateways in 2021 with over 40% share

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