DUBLIN, Apr. 18, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Industrial Iot Gateway Market 2017-2021" report to their offering.
The global industrial IoT gateway market to grow at a CAGR of 14.71% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global industrial IoT gateway market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in market is increased demand for Big Data analytics. Big Data provides actionable insight by deriving meaningful information from a larger data set. Businesses have realized that they can use Big Data to achieve competitive advantages by optimizing cost structure and enhanced productivity. The power industry uses IoT for collecting data through advanced metering infrastructure and Supervisory control and data acquisition(SCADA) systems to achieve optimized operations.
Similarly, Big Data helps analyze sensor data and initiates data collection for industrial equipment, such as oil refineries and turbines. In addition, it helps organizations in optimizing their business decisions and innovate new business models, products, and service offerings. Moreover, oil and gas, water treatment, and manufacturing and automation industries greatly benefit from stored data on which analytics is applied to derive actionable insights. The demand for analytics has boosted the IoT gateway requirements, allowing real-time data transfer between machines and networks.
According to the report, one driver in market is rising need to achieve competitive advantages. Many manufacturers have shifted their focus toward measurable outcomes. In manufacturing industries, Internet services are mainly used for cost reduction, quality enhancement, and product differentiation. New levels of collaboration, such as the partnership of major service providers with smart IoT and unified communication systems, are needed to deliver measurable business outcomes. Advanced gateway platforms provide enhanced connectivity among Internet devices by facilitating secure data exchange in the ecosystem. This results in effective solutions delivery for the distribution and monetization of new products and services.
- Hewlett Packard Enterprise
Other prominent vendors
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by applications
Part 07: Market segmentation by end-user
Part 08: Geographical segmentation
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rrbgcd/global_industrial
Research and Markets
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SOURCE Research and Markets