Title – Global IoT Routers Market By Product (4G/LTE Connectivity and 5G Connectivity), By Application

(Industrial Automation, Transportation, Medical, Smart Grid, ATM, Others), By Geographic Scope &
Forecast.

Global IoT Routers Market Size and Forecast

The enhanced internet connectivity in technologically developing economies and rising IP address space
as well as security solutions offered in IPv6. Further, increasing adoption of connected devices
worldwide coupled with increasing mobile penetration have fostered the growth of the global IoT
routers market.

Global IoT Routers Market Definition

An IoT router is a smart Internet gateway that the IoT devices and sensors use to get out to the Internet
by leveraging the cellular WAN connections on the gateway router. A router accepts and transfers data
on numerous computer networks. Routers are almost similar to network hubs, modems, or network
switches. Routers have the ability to combine the functions of these components, and connect with
these equipments, to improve Internet access or help create business networks. IoT routers are re-
emphasizing the connected world phenomena and thereby taking it to the next level through connecting
all legacy and modern devices and things in a way in which industrial organizations become self-reliant,
connected, and autonomous. IoT routers gateway platforms feature a Fieldbus control interface, and
also superior LTE/3G/WiFi enabled edge cloud/device connectivity. Scalable, secure computing gateways
with Fieldbus interfaces facilitate seamless connection, filtering, aggregation, and data transmission to
the cloud with confidence. IoT routers are predominately used in industrial automation, transportation,
medical, smart grid, ATM, and others.

Global IoT Routers Market Overview

As the Industrial Internet of Things (IoT) continues to gain traction with the proliferation of connected
assets and cloud-based services, gateway devices are emerging as a critical component for addressing
the distinct set of hurdles and requirements in many M2M and IoT applications. In particular, as
industrial and commercial applications become more complicated and data-hungry, gateways are
becoming extra intelligent and able to provide more superior capabilities than simply network and
protocol bridging. This is boosting the global IoT routers market. Moreover, enhanced internet
connectivity in technologically developing economies and rising IP address space as well as security
solutions offered in IPv6. Further, increasing adoption of connected devices worldwide coupled with
increasing mobile penetration have positively anticipated in propelling the growth of the global IoT
routers market.

There are certain constraints and obstacles faced that will hinder the overall market growth. The factors
such as lack of standardization in communication protocols and the absence of protocols are limiting the
market growth. Also, the incompatibility of legacy equipment with communication networks is
estimated to sluggish growth during the forecast period. Further, data security and privacy breaches and
maintenance and updation of IIOT systems are the potential restraints hampering the overall growth of
the global IoT routers market. Nevertheless, the advancements in technologies, the requirement of
innovative cross-domain expertise and collaborations for development of comprehensive systems and
solutions, and untapped potential in emerging markets offer beneficial growth opportunities.

Global IoT Routers Market by Product

 4G/LTE Connectivity
 5G Connectivity

Based on Product, the market is bifurcated into 4G/LTE Connectivity and 5G Connectivity. The 4G/LTE
connectivity segment holds the largest market share during the forecast period. The 4G services have
witnessed high growth in the telecommunication service market. Also, the rapid adoption of
smartphones and mobile devices and customer demand for high-speed services are accelerating the
demand for this segment.

Global IoT Routers Market by Application

 Industrial Automation
 Transportation
 Medical
 Smart Grid
 ATM
 Others

Based on Application, the market is bifurcated into Industrial Automation, Transportation, Medical,
Smart Grid, ATM, Others. The industrial automation segment holds the largest market share during the
forecast period. The factors that can be attributed to the growing demand for IoT routers in computers
or robots for handling different processes and machinery are fueling the demand for this segment.

Global IoT Routers Market by Geography

On the basis of regional analysis, the Global IoT Routers Market is classified into North America, Europe,
Asia Pacific, and Rest of the world. North America holds the largest market share. The US and Canada
are the top contributing countries. The investment in R&D activities, rapid digitalization across industry
verticals, increasing adoption of smart connected devices, and technology will boost the market in the
North American region.