Protocol Conversion Gateway Market: Overview
Protocol converter gateways are devices or software used to convert proprietary or standard protocol of one device to the protocol suitable for the other device to achieve interoperability. Protocol converters are available as both virtual software and physical hardware. The hardware or software is usually placed on the end-user device. Physical hardware are installed in headquarters and branches, whereas virtual software is installed in private and public clouds. Physical hardware installation is done using an automated process called bootstrapping.
Protocol conversion gateways play a crucial role in how a company organizes work, and involves computer and human resources. A widely accepted framework is to have a convertor gateway that organizes the network by calling upon human and computing resources to perform actual tasks. Protocol conversion gateways support software platform hosting virtual functions such as routing, traffic steering, switching, Quality of Service (QoS), firewall, and network address translation (NAT). It supports two deployment options: a branch appliance/physical hardware, and a software image that can be loaded on a server or virtual machine. These gateways are also called interface converter, which enables hosts that use diverse high-level protocols on the communication network to collaborate with each other to complete various distributed applications.
Protocol Conversion Gateway Market: Trends and Opportunities
A protocol conversion gateway helps enterprises to efficiently plan their data delivery between the different components. It also helps in streamlining business processes and improving operational efficiency, enabling companies to utilize their IT systems to meet dynamic requirements of their customers. Demand for protocol conversion gateway is projected to rise during the forecast period, due to increase in deployment of such solutions by organizations to effectively utilize their IT resources and reduce operational costs. Increase in adoption of automation technologies by enterprises to improve interoperability of enterprise devices and the interactions between them are expected to drive the protocol conversion gateway market during the forecast period.
Protocol Conversion Gateway Market: Segmentation
The global protocol conversion gateway market can be segmented based on component, deployment model, enterprise size, vertical, and region. In terms of component, the protocol conversion gateway market can be bifurcated into hardware, software/platform, and services (managed and professional services). Based on deployment model, the protocol conversion gateway market can be divided into on-premise and cloud-based. In terms of enterprise size, the market can be categorized into SMEs and large enterprises. Based on vertical, the protocol conversion gateway market can be classified into BFSI, government & education, health care, telecom & IT, retail, manufacturing, media & entertainment, and others (business service providers, energy & utility, and transportation).
Based on region, the global protocol conversion gateway market can be categorized into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is anticipated to constitute a major share in the global protocol conversion gateway market during the forecast period. This is due to noteworthy investments made in protocol conversion solutions, presence of a large number of market players, and high adoption of latest technologies in the region. The protocol conversion gateway market in Asia Pacific is anticipated to grow rapidly during the forecast period due to rapid digitalization, economic development, globalization, and increase in adoption of these gateways in the region. Furthermore, rise in need for effective utilization of IT infrastructure and cost optimization is expected to propel the demand for protocol conversion gateway and its associated services in the region. Presence of large number of enterprises and their migration from hardware to software solutions are expected to create opportunities for protocol conversion gateway providers across the world, primarily in Asia Pacific.
Protocol Conversion Gateway Market: Key Players
Key players operating in the global protocol conversion gateway market include Intel Corporation, Huawei Investment & Holding, NXP Semiconductors, Texas Instruments, Cisco Systems, Hewlett Packard Enterprise, TE Connectivity, Advantech, Dell Corporation, Microchip Technology, Helium Systems, and Samsara Networks.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.