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, 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

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?