The race for building smart home is here and now, and the whole ecosystem surrounding smart home is also growing tremendously. IOT gateway market is one among it.
IOT gateway forms the center piece in the building block for IOT. This connects the sensors and actuators from the end points to the cloud and ensure seamless data flow between the devices and the cloud.
As per Gartner research the smart home market is expected to grow from 100 and 200 million homes today to 500 and 700 million homes by 2020. This is a huge pie in the market for the IOT gateway makers to grab.
There are already several companies engaged in making the IOT gateway hardware and software.
[2024]Digital Global Overview Report 2024 Meltwater.pdf
The growth of IoT gateway market
1. The growth of IOT Gateway Market
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2. The growth of IOT Gateway Market
The race for building smart home is here and now, and the whole
ecosystem surrounding smart home is also growing tremendously. IOT gateway
market is one among it.
IOT gateway forms the centre piece in the building block for IOT. This connects
the sensors and actuators from the end points to the cloud and ensure
seamless data flow between the devices and the cloud.
As per Gartner research the smart home market is expected to grow from 100
and 200 million homes today to 500 and 700 million homes by 2020. This is a
huge pie in the market for the IOT gateway makers to grab.
There are already several companies engaged in making the IOT gateway
hardware and software.
3. The growth of IOT Gateway Market
Smart home includes electronic devices at home that can be
programmed to be managed and operated remotely and can sense
the environment and behave accordingly.
The devices could include smart lighting, Smart thermostat,
smart refrigerator that can send message to replenish stock, smart washing
machine, smart coffee maker and so on.
All these have sensors and the data collected from this needs to be
managed. Without a gateway these act as independent devices, are
controlled independently, data accumulated and stored independently.
4. The growth of IOT Gateway Market
Adding a IOT gateway that acts as a command centre for all the smart
home devices will unify the process.
The current challenge to accomplish this is these Smart devices from
different vendors follow different protocols and have different operating
system.
5. The growth of IOT Gateway Market
Gartner predicts that the most successful home gateway provider will
develop a system that seamlessly integrates with nearly any vendor’s IoT
application and is relatively painless to the homeowner.
A system that locks homeowners into one specific operating system limits
their opportunity, as consumers will want to exercise their preference in
terms of the IoT products they choose.
The successful gateway should be capable of inter operating with
different protocols and standards of the smart devices.
6. The growth of IOT Gateway Market
Another parameter that can push the gateway forward is having strong
security foundation in the gateway -data encryption, authentication, device
security also providing secure data transmission between cloud and
gateway and data integrity.