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 : May, 2020 | 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 a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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