New York, NY -- (SBWIRE) -- 10/26/2017 -- In the changing techno0logical world, more and more devices are getting connected together and building internet of things (IoT) architecture across the world. Considering the current scenario, all the internet devices will be connected in future.

Cellular IoT Gateways is a device enabling machine-to-machine communication by connecting appliances in the home, workplace or smart city to a cellular network. IoT device gets connected with device gateway on the network side which in turn interfaced with the internet via WAN connection. This way two IoT devices can communicate with each other. The components of Cellular IoT Gateway includes hardware and software. A large segment of the devices are connected through LAN, Wi-Fi while some portion of devices are connected through WAN that is facilitated by cellular networks.

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Cellular IoT Gateways Market: Drivers and Challenges

The major driving factors for the growth of the cellular IoT gateways market are increasing Internet connectivity, continuous growth in the demand for smartphones & other connecting devices, expansion in the use of wireless sensors and its network, and cloud computing becoming mainstream. The major opportunities contributing to the growth of the market are the increasing adoption of wearable devices in multiple application areas such as medical and healthcare, industrial, and military among others.

The lack of common communication standards across platforms and frequent replacement of batteries and high power consumption by connected devices are the restraining factors in the Cellular IoT gateways market.

Cellular IoT Gateways Market: Segmentation

On the basis of type, the Cellular IoT Gateways market is segmented into 2G, 3G, 4G, LTE–M, NB–LTE–M, NB–IoT.

On the basis of end-user industry, Cellular IoT Gateways Market can be segmented into BFSI, retail, telecommunication, healthcare, military and others.

Regionally, Cellular IoT Gateways market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

Cellular IoT Gateways Market: Regional Outlook

North America expected to hold the largest market share during the forecast period as it home to some of the largest multinational corporations such as Cisco Systems, Inc. (U.S.) and Qualcomm Inc. (U.S.). Asia-Pacific region is expected to have a moderate growth rate for cellular IoT gateway market as countries such as China and Taiwan have the advantage of a large pool of vendors. Latin America and Middle East and Africa regions are yet to match the pace of global Cellular IoT gateway market.

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Key Market Players:

Some of the key players of Cellular IoT Gateways Market are: Cisco Systems, Inc., Qualcomm Inc., Gemalto N.V, U-Blox Holding AG, Sierra Wireless, MediaTek Inc., Telit Communications PLC, ZTE Corporation, Mistbase, CommSolid GmbH and Sequans Communications.