Shipments of cellular IoT gateways to reach 8.0 million by 2023

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Shipments of cellular IoT gateways to reach 8.0 million by 2023
Berg Insight today released new findings about the market for cellular IoT
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Berg Insight today released new findings about the market for cellular IoT gateways, routers and modems.
More than 3.4 million cellular IoT gateways were shipped globally during 2018, at a total market value of approximately US$ 921 million.
Growing at a compound annual growth rate (CAGR) of 18.5 percent, annual shipments are expected to reach 8.0 million in 2023.
Cellular IoT gateways are standalone devices intended for connecting machines to a cellular network.
These include general-purpose cellular gateways, routers and modems that are enclosed in a chassis and have at least one input/output port.
North American vendors dominate the cellular IoT gateway and router market.
Cradlepoint, Cisco, Sierra Wireless, CalAmp and Digi International are the largest vendors worldwide.
Combined, these five vendors generated close to US$ 500 million in annual revenues from cellular IoT gateway and router sales during 2018, accounting for a market share of 53.3 percent.
Other important vendors include Multitech Systems, Systech and Encore Networks in the US, InHand Networks, Robustel and NetComm in the Asia-Pacific region, and HMS Networks, Advantech B+B SmartWorx, Matrix Electrónica, NetModule, Eurotech, Westermo and Option in Europe.
The European and Asia Pacific markets are fragmented with a large number of small and medium sized players that generate annual revenues in the range of US$ 3–10 million.
The North American market is dominated by a handful of major vendors, largely due to entry barriers in the form of carrier certifications required for cellular devices in the region.
“North America experienced the fastest growth globally during 2018, driven by deployments in the public safety, transportation and retail sectors”, said Fredrik Stalbrand, Senior Analyst, Berg Insight.
The region has also been subject to significant merger and acquisition activity in recent time

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