The Internet of Things (IoT) Node and Gateway by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Internet of Things (IoT) Node and Gateway , The internet of things (iot) node and gateway market size has grown exponentially in recent years. It will grow from $12.97 billion in 2023 to $16.83 billion in 2024 at a compound annual growth rate (CAGR) of 29.7%. The growth in the historic period can be attributed to proliferation of iot applications across industries, advancements in sensor technologies, growing connectivity and network infrastructure, increasing adoption of smart devices, rise in data analytics and cloud computing.
The internet of things (iot) node and gateway market size is expected to see exponential growth in the next few years. It will grow to $47.88 billion in 2028 at a compound annual growth rate (CAGR) of 29.9%. The growth in the forecast period can be attributed to expansion of 5g networks for iot connectivity, integration of edge computing in iot architectures, growth in industrial iot (iiot) deployments, development of low-power wide-area networks (lpwan), rising demand for secure iot connectivity solutions. Major trends in the forecast period include edge intelligence and processing in iot nodes, adoption of artificial intelligence (ai) in iot devices, focus on energy-efficient iot nodes and gateways, convergence of iot with blockchain technology, implementation of standardized iot protocols for interoperability.
The emergence of 5G technology is expected to propel the growth of the IoT node and gateway market in the forecast period. 5G enables more stable and faster secure connectivity. 5G’s enhanced bandwidth enables more data to be transferred in a given amount of time, and its decreased latency lets data reach its destination faster. These networks provide increased coverage, which supports multiple network topologies, allowing IoT nodes and gateways to communicate easily. For instance, according to a report by Ericsson, a Swedish telecoms corporation, the number of global 5G smartphone subscriptions climbed to 600 million in 2021, up three times from the number in 2020, and 5G subscribers are predicted to cross one billion by 2022. Therefore, the emergence of 5G technology propels the IoT node and gateway market growth.
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The internet of things (iot) node and gateway market covered in this report is segmented –
1) By Component: Sensors, Processor, Connectivity IC, Logic Devices, Memory Devices
2) By Connectivity: Ethernet, Wi-fi, Bluetooth, Zigbee, Z-wave, Other Connectivities
3) By Application: Healthcare, Automotive And Transportation, Consumer Electronics, Industrial, BFSI, Oil And Gas, Aerospace And Defense, Other Applications
4) By End User: Industrial, Consumer
Technological advancement is a key trend gaining popularity in the IoT node and gateway market. Major companies operating in the IoT node and gateway sector are focused on developing a new technological solution for IoT nodes and gateway to meet consumer demand and strengthen their position. For instance, in March 2022, ADB SAFEGATE, a US-based provides integrated solutions, launched LINC Node, a Gateway for Airfield Ground Lighting Infrastructure to the Internet of Things. LINC Node offers a cloud solution that allows airfield ground information sharing and improves the potential to analyze the airport infrastructure, data, and alarm system which enhances the maintenance cycle.
The internet of things (iot) node and gateway market report table of contents includes:
- Executive Summary
- Internet of Things (IoT) Node and Gateway Market Characteristics
- Internet of Things (IoT) Node and Gateway Market Trends And Strategies
- Internet of Things (IoT) Node and Gateway Market – Macro Economic Scenario
- Global Internet of Things (IoT) Node and Gateway Market Size and Growth
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- Global Internet of Things (IoT) Node and Gateway Market Competitive Benchmarking
- Global Internet of Things (IoT) Node and Gateway Market Competitive Dashboard
- Key Mergers And Acquisitions In The Internet of Things (IoT) Node and Gateway Market
- Internet of Things (IoT) Node and Gateway Market Future Outlook and Potential Analysis
- Appendix
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