Industrial technology concept. Communication network. INDUSTRY 4.0. Factory automation.
Overview and Scope
An IoT node and gateway refers to the physical device or technology that performs important tasks such as data security and filtering, connecting devices, and protocol conversion, among others. These devices and software serve as a point of contact for various peripheral systems, including controllers, clouds, devices, and sensors.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the internet of things (IoT) node and gateway market in 2023. The regions covered in the internet of things (iot) node and gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the internet of things (iot) node and gateway market report are Dell Inc., Advantech Co. Ltd., TE Connectivity Ltd., Cisco Systems Inc., Aaeon Technology Inc., Microchip Technology Inc., Nexcom International Co. Ltd., Helium System Inc., Samsara Networks Inc., STMicroelectronics N. V., Eurotech S. P. A, Adlink Technology Inc., Mitsubishi Electric Corporation, Lantronix Inc., NXP Semiconductors N. V, The Hewlett Packard Enterprise Company, Arm Holdings plc, Intel Corporation, Huawei Technologies Co. Ltd., Texas Instruments Incorporated, Notion Labs Inc., Beep Inc., Estimote Inc., Kontron S&T AG, Moxa Inc., MultiTech Systems Inc., NimbeLink LLC, Particle Industries Inc., Red Lion Controls Inc., Rigado LLC, Sierra Wireless Inc.
The internet of things (iot) node and gateway market report table of contents includes:
1. Executive Summary
2. Internet of Things (IoT) Node and Gateway Market Characteristics
3. Internet of Things (IoT) Node and Gateway Market Trends And Strategies
4. Internet of Things (IoT) Node and Gateway Market – Macro Economic Scenario
5. Global Internet of Things (IoT) Node and Gateway Market Size and Growth
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26. South America Internet of Things (IoT) Node and Gateway Market
27. Brazil Internet of Things (IoT) Node and Gateway Market
28. Middle East Internet of Things (IoT) Node and Gateway Market
29. Africa Internet of Things (IoT) Node and Gateway Market
30. Internet of Things (IoT) Node and Gateway Market Competitive Landscape And Company Profiles
Top Major Players:
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