IoT Node and Gateway Market – Industry Analysis and Forecast (2022-2029) – by Hardware, End-use Application, and Region.

IoT Node and Gateway Market size was valued at US$ 438.17 Bn in 2022 and the total revenue is expected to grow at 6.5% through 2023 to 2029, reaching nearly US$ 680.92 Bn.

The global market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global IoT Node and Gateway report also provides trends by market segments, technology, and investment with a competitive landscape.
IoT Node and Gateway Market Overview:
Increasing usage connected devices and wireless networking technologies in the end-use industries are driving the IoT node and gateway market growth.

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IoT Node and Gateway Market Dynamics:
Internet penetration due to the increasing use of smartphones facilitates online payments is drive the global IoT node and gateway market size. Internet of things facilitates interconnection among physical devices like buildings, healthcare equipment, and vehicles with software, sensors, etc. The increased use of wireless sensors, growth in application-specific microcontroller units, and improved internet connectivity propel the expansion of the global market. Rising demand for automation in the land, automobiles, and healthcare industries estimated to increases IoT nodes and gateway market demand during the forecast period.

The factors include the inadequacy of standards and protocols are hindering the market growth. Also, connected devices consume high power is expected to restrain the global IoT node and gateway market growth during the forecast period.
IoT Node and Gateway Market Segment Analysis:
By Hardware, the IoT Node and Gateway Market is bifurcated into the processor, connectivity IC, sensor, memory device, logic device. The memory device segment is held the largest market in 2022 and is expected to grow at a rapid pace during the forecast period. Memory devices are segmented into on-chip memory and off-chip memory. There are different types of on-chip memories, like SRAM, Cache, and eMMC. SRAM is widely used in industrial, automotive, and defense applications, which require high performance. SRAM offers high-speed performance with reduced power consumption. This factor is expected to grow the segment demand during the forecast period.

By End-use Application, the market is bifurcated into industrial, consumer. The consumer segment is expected to grow during the forecast period. The advent of digitization has encouraged the growing application of technology in the banking and financial sector. Online banking, installation of mobile banking apps, and contactless payment have become popularly attributed to the considerable application of technology in the banking sector. The objective of banks and other financial institutions is to widen their customer base, thus offering them the opportunity of easy and hassle-free transactions. The rising user base of consumer electronic goods broadens the prospect for mobile point of sale devices. All the aforementioned factors are likely to drive the segment demand during the forecast period.
IoT Node and Gateway Market Regional Insights:
North America is dominating the IoT Node and Gateway Market

North America accounted for the largest market share in 2022 thanks to the maximum usage of the Internet of Things in this region. Automation in vehicles and healthcare has been emphasized owing to rising government initiatives and lump sum investment. These factors drive the growth trajectory of this market in this region. Additionally, the Increased R&D in the field of IoT, in terms of new and improved technologies, and the increasing demand for improved lifestyle, considerable growth in infrastructure, and ongoing projects is also increasing the market in the North American country.

Asia Pacific is second-dominating the IoT Node and Gateway Market

Asia Pacific is the fastest-growing segment in the market thanks to there has been considerable growth in infrastructure which prompt utilization of IoT node and gateway in retail, real estate, and automobile industries.

The objective of the report is to present a comprehensive analysis of the Global IoT Node and Gateway market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global IoT Node and Gateway market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
Recent Developments
In March 2021, Hewlett Packard Enterprise (HPE) announced the launch of HPE 5G Core Stack, an open, cloud-native 5G core network solution that seamlessly integrates with previous generation networks. It is future proofed for forthcoming milestones in 5G standards. HPE 5G Core Stack will be available as a pre-integrated software and hardware solution, on a pay-as-you-use basis with HPE GreenLake, allowing telcos to deploy a 5G core network with reduced risk and little upfront investment.

In March 2021, Microchip launched its cloud agnostic, turnkey, full-stack embedded development solution. From the smallest PIC and AVR MCUs for sensors and actuator devices to the most sophisticated 32-bit MCU and MPU gateway solutions for edge computing, the company is now making it possible for developers to connect to any major core and any major cloud, using Wi-Fi, Bluetooth, or narrowband 5G technologies.
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Global IoT Node and Gateway Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 438.17 Bn.


Forecast Period 2023 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 680.92 Bn.


 Segments Covered:
by Hardware
Processor
Connectivity IC
Sensor
Memory Device
Logic Device


by End-use Application
Industrial
Consumer


by Connectivity
Bluetooth
Wi-Fi
ZigBee
Ethernet
Cellular
Other Connectivity Types



By Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
IoT Node and Gateway Market Key Players are:
1. Dell
2. EUROTECH
3. NXP Semiconductors
4. Cisco
5. Advantech Co., Ltd.
6. AAEON
7. ADLINK Technology Inc.
8. ARM LIMITED
9. Cradlepoint, Inc
10.Embitel
11.Helium Systems Inc.
12.Hewlett Packard Enterprise Development LP
13.Huawei Technologies Co., Ltd
14.Intel Corporation
15.Lantronix, Inc
16.Microchip Technology Inc
17.Mitsubishi Electric Corporation
18.NEXCOM International Co., Ltd
19.Samsara Networks, Inc.
20.STMicroelectronics
21.Texas Instruments Incorporated
22.TE Connectivity
23.VOLANSYS Technologies
24.Others

Frequently Asked Questions:

1. Which region has the largest share in Global IoT Node and Gateway Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global IoT Node and Gateway Market?
Ans: The Global market is growing at a CAGR of 6.5% during forecasting period 2023-2029.

3. What is scope of the Global IoT Node and Gateway market report?
Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global IoT Node and Gateway market?
Ans: The important key players in the Global market are – Dell, EUROTECH, NXP Semiconductors, Cisco, Advantech Co., Ltd., AAEON, ADLINK Technology Inc., ARM LIMITED, Cradlepoint, Inc, Embitel, Helium Systems Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd, Intel Corporation, Lantronix, Inc, Microchip Technology Inc, Mitsubishi Electric Corporation, NEXCOM International Co., Ltd, Samsara Networks, Inc., STMicroelectronics, Texas Instruments Incorporated, TE Connectivity, VOLANSYS Technologies, and Others

5. What is the study period of this market?
Ans: The Global market is studied from 2022 to 2029.