Shipments of cellular IoT gateways to reach 8.0mn by 2023

IoT gateways

Berg Insight, has released 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 (€826 million). Growing at a compound annual growth rate (CAGR) of 18.5%, 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…

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