ABI Research finds the higher priced, albeit lower volume, sectors are mobility and transportation, as well as industrial and infrastructure. IoT gateway opportunities in fleet management are small, but growing. Companies such as Omnitracs, PeopleNet, and Sierra Wireless and are offering gateways for multi-application communications in fleet vehicles, such as critical event reporting, fault monitoring, and navigation. The industrial and infrastructure market segment, meanwhile, relies on many traditional markets like smart grid and video surveillance. Looking ahead, this segment will also benefit from new higher growth markets through applications in the smart cities and manufacturing/process industries.
"There are many traditional names that have been serving the M2M/IoT gateway market for years, such as CalAmp, Cisco, Cradlepoint, Digi International, Eurotech, and Sierra Wireless," concludes Shey. "But these big name players are just a small share of the total supplier base, which includes both branded and white label vendors. In this growing IoT market, consolidation is not expected anytime soon and suppliers are increasingly turning to software and services to differentiate."
These findings are from ABI Research's M2M/IoT Routers and Gateways (https://www.abiresearch.com/market-research/product/1025576-m2miot-routers-and-gateways/). This report is part of the company's Enterprise IT & OT Convergence sector (https://www.abiresearch.com/market-research/practice/future-enterprise-it-and-ot-convergence/), which includes research, data, and analyst insights.
About ABI Research
ABI Research stands at the forefront of technology market research, providing business leaders with comprehensive research and consulting services to help them implement informed, transformative technology decisions. Founded more than 25 years ago, the company's global team of senior and long-tenured analysts delivers deep market data forecasts, analyses, and teardown services. ABI Research is an industry pioneer, proactively uncovering ground-breaking business cycles and publishing research 18 to 36 months in advance of other organizations. For more information, visit www.abiresearch.com.
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SOURCE ABI Research