Australia IoT Gateway Market is Expected to Register a 7.63% CAGR Through 2029

Proliferation of Smart Agriculture Practices, Growth of Smart Cities & Infrastructure Development and Expansion of Industrial IoT in Manufacturing & Mining are the likely to propel the market during the forecast period.

According to TechSci Research report, “Australia IoT Gateway Market – By Region, Competition, Forecast and Opportunities, 2019-2029F”, Australia IoT Gateway Market was valued at USD 112 million in 2023 and is expected to grow at a CAGR of 7.63% during the forecast period.

As concerns about climate change and environmental sustainability continue to grow, there is an increasing focus on energy efficiency and sustainability in the Australia IoT Gateway market. IoT gateways, as key components of IoT networks, play a crucial role in managing the energy consumption of connected devices and systems. This trend is particularly relevant in industries such as energy, utilities, and smart buildings, where optimizing energy usage is a priority.

In smart grids, for instance, IoT gateways are used to monitor and manage the distribution of electricity, enabling more efficient use of energy resources and reducing waste. By integrating renewable energy sources such as solar and wind into the grid, IoT gateways help balance supply and demand, ensuring a stable and sustainable energy supply. Similarly, in smart buildings, IoT gateways enable real-time monitoring and control of energy-consuming systems, such as lighting, HVAC, and appliances, leading to significant energy savings.

The push for energy efficiency is also influencing the design and development of IoT gateways themselves. Manufacturers are increasingly focusing on creating energy-efficient gateways that consume less power while maintaining high performance. This is particularly important for IoT deployments in remote or off-grid locations, where power resources may be limited, and the use of energy-efficient gateways can extend the operational life of battery-powered devices.

Additionally, the emphasis on sustainability is driving the adoption of IoT solutions that support environmental monitoring and management. IoT gateways enable the collection and analysis of data on air quality, water usage, and soil conditions, helping businesses and governments make informed decisions to protect natural resources and reduce their environmental footprint.

As Australia continues to prioritize sustainability and energy efficiency in its economic and environmental policies, the demand for energy-efficient IoT gateways is expected to rise. This trend will likely drive innovation in the IoT Gateway market, leading to the development of more sustainable and environmentally friendly IoT solutions.

 

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Based on End User, The Industrial held the largest market share in 2023.  The Industrial sector's dominance in the Australia IoT Gateway market is primarily due to the widespread adoption of Industrial IoT (IIoT) technologies across key industries like manufacturing, mining, and agriculture. These sectors are integral to Australia's economy and are increasingly leveraging IoT solutions to enhance operational efficiency, reduce costs, and improve safety.

In manufacturing, IoT gateways play a crucial role in connecting various machines, sensors, and systems within a production facility. This connectivity enables real-time monitoring, predictive maintenance, and optimization of manufacturing processes, leading to increased productivity and reduced downtime. The need for robust and reliable IoT gateways in this sector is driven by the complexity of industrial operations and the critical nature of maintaining continuous production.

The mining sector, another significant part of Australia's economy, also contributes to the dominance of the Industrial sector in the IoT Gateway market. IoT gateways are essential for connecting sensors and equipment in remote and often harsh environments, enabling real-time data collection and analysis. This allows for better asset management, improved safety, and more efficient resource extraction, all of which are critical for the profitability and sustainability of mining operations. Furthermore, the agriculture industry in Australia is increasingly adopting precision farming techniques that rely on IoT gateways to collect and process data from various sensors and devices. This data-driven approach allows for more efficient use of resources, improved crop yields, and better management of livestock, further driving the demand for IoT gateways in the industrial sector.

 

Major companies operating in the Australia IoT Gateway Market are:

 

• Cisco Systems, Inc.
• Hewlett Packard Enterprise Company
• IBM Corporation
• Intel Corporation
• Dell Technologies Inc
• Microsoft Corporation
• Honeywell International Inc.
• Siemens AG
• Schneider Electric SE
• Samsung Electronics Co., Ltd.

 

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“The Australia IoT Gateway market presents significant growth opportunities driven by the rising adoption of IoT technologies across various sectors such as smart cities, healthcare, agriculture, and industrial IoT. The integration of edge computing, the rollout of 5G, and the increasing demand for real-time data processing further enhance the market's potential. Additionally, the focus on sustainability and energy efficiency, coupled with the need for multi-protocol gateways to support diverse IoT ecosystems, offers substantial opportunities for innovation and expansion. Businesses can capitalize on these trends by developing advanced, secure, and scalable IoT gateway solutions tailored to Australia's evolving market needs.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

 

“Australia IoT Gateway Market, By Component (Processor, Sensor, Memory, Storage Devices), By Connectivity (Bluetooth, Wi-Fi, ZigBee, Ethernet, Cellular), By End User (Automotive & Transportation, Healthcare, Industrial, Consumer Electronics, BFSI, Oil & Gas, Retail, Aerospace & Defense) By Region, Competition, Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of Australia IoT Gateway Market and provides statistics & information on Market size, structure and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Australia IoT Gateway Market.

 

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