Protocol Conversion Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Protocol Conversion Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2019 | Technology & Media | PPT format

Report Digest


Protocol Conversion Gateway Market – Introduction

With the rapid penetration of technology in numerous industry, the evolution of novel devices has been witnessed, which further requires efficient communication between two or more devices to optimize their operations. Protocol conversion gateway is one such robust solution addressing the requisites of devices to enable communication between them by underpinning specific protocols to become compatible with the existing equipment. The significance of protocol conversion gateway can be tracked with its excellent capability to transform commands and data from one device/app to another device/app.

The advent of next-gen technologies, such as IoT, entail interoperability of several devices employed with their distinct protocols. Protocol conversion gateway enables effective communication between the devices by streamlining their network operations and enhancing the performance of the network. Furthermore, demand for such gateways has been on an evident surge in parallel to the ubiquitous utilization of smartphone and tablets, which is anticipated to underpin the growth of the protocol conversion gateway market.

Protocol Conversion Gateway Market - Novel Developments

  • Siemens recently announced the upgrade of PROFIBUS to PROFINET with a view to transforming the automation arena. By leveraging the PROFINET standards, the features of Ethernet receives additional extension. It converges the advantages of both – the practical industrial experience of PROFIBUS along with the flexibility of ETHERNET. Moreover, PROFITNET offers additional benefits such as flexible topologies, single cable for multiple applications, and relatively high performance of system.
  • BitTorrent teams up with CoinPayments to support the native BitTorrent Token (BTT) that is based on the Tron Protocol. With the help of BTT, the users will now be able to pay for the subscription of µTorrent Pro and BitTorrent. The strategic partnership has been established with an aim to enable the liquidity of BitTorrent in the online marketplace prior to the incorporation of the token in their mobile and desktop products.
  • Recently, SWIFT announced its strategic partnership with R3 with an aim to launch GPI Link and move on its way towards further expansion. SWIFT plans to apply its GPI program to eCommerce and several trading platforms. The GPI platform is said to be open and interoperable, which will enable R3 platforms to carry out their transaction and settle payments made through GPI link with the banks. The project is said to comply APIs along with ISO standards and SWIFT protocols.

Some of the most prominent competitors operating in the competitive landscape of global protocol conversion gateway market include –

  • Estimote
  • Beep
  • Samsara Networks
  • Helium Systems
  • Notion
  • Microchip Technology
  • Dell
  • Advantech
  • TE Connectivity
  • Hewlett Packard Enterprise
  • Cisco Systems
  • Texas Instruments
  • Siemens
  • Artiza Networks
  • Nokia
  • NXP Semiconductors
  • Huawei

Protocol Conversion Gateway Market - Dynamics

Demand for Automation of Devices to Reflect Positively on the Growth of the Protocol Conversion Gateway Market

Robust demand for protocol conversion gateway is witnessed on account of the evolution of devices. With the advent of the Internet and its ubiquitous utilization for ensuring the operations of numerous devices, there has been a substantial rise in the data traffic. In addition to this, there has been a surge in the demand for bandwidth to manage the data traffic. Rising demand for automation entail protocol conversion gateway, which can effectively communicate with the devices and perform the designated actions. A cohort of these factors are anticipated to fortify the growth of the global protocol conversion gateway market.

Asia Pacific Remains a Dominant Regions for the Growth of the Protocol Conversion Gateway Market

The protocol conversion gateway market has been witnessing an impressive growth in the emerging economies such as Asia Pacific, especially in countries like India and China. Trends of wearable devices and home automation systems have been adopted at a proliferated rate by the consumers. As a result, such automation systems require effective modes to communicate with other devices and perform their designated tasks. Such an acute demand is expected to bolster the growth of the protocol conversion gateway market.

Protocol Conversion Gateway Market Segmentation

The protocol conversion gateway market has been segmented on the basis of applications, types, and regions.

Protocol Conversion Gateway Market – Applications

Depending on the applications, the protocol conversion gateway market has been divided into:

  • Industrial Control
  • Telecommunication
  • Others

Protocol Conversion Gateway Market – Types

Based on the types, the protocol conversion gateway market has been classified into:

  • Fieldbus Based Protocol Converter
  • E1/Ethernet Protocol Converter

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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