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Request Now !The global IoT node and gateway market size is experiencing a significant growth, and is anticipated to grow considerably in the next few years. An IoT node and gateway device & software performs crucial tasks in areas such as security and filtering of data and processing, protocol conversion, connecting devices, and others. As many peripheral systems include devices, controllers, sensors and cloud, it acts as junction for them. Thus, additional security, storage, and processing services to the end nodes is provided at power efficient and cost-effective level by the usage of IoT node and gateway. Moreover, different communication technologies are used to facilitate nodes to talk to each other within the network. Thus, they find their applications in end uses such as consumer electronics, oil & gas, agriculture, automotive, BFSI, transportation, healthcare, aerospace & defense, retail, and others.
The global IoT node and gateway market is segmented on the basis of Connectivity, Hardware, End User, and Region. Based on Connectivity, the IoT node and gateway market is divided into Bluetooth, Wi-fi, Ethernet, Z-Wave, ZigBee, and Others. On the basis of Hardware, the market is categorized into Connectivity IC, Processors, Sensors, Logic Devices, and Memory Devices and others. On the basis of End User into Consumer Electronics, Oil & Gas, Agriculture, Automotive, BFSI, Transportation, Healthcare, Aerospace & Defense, Retail, and Others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global IoT Node and Gateway industry include NXP Semiconductors N.V., TE Connectivity, Dell Technologies, Intel Corporation, Cisco Systems, Huawei technologies Co., Ltd., Microchip Technologies Inc., Nexcom International, Helium Systems Inc., StMicroelectronics N.V., Estimote Inc., and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
The major drivers that lead to the IoT node and gateway market are the increase in usage of wireless sensors and its networks, expansion of internet connectivity and expanding market of connected devices. But, privacy and security concerns of the user data may hinder the market growth. Moreover, rise in investments and initiatives by the government in the automation sector and increase in adoption of wearable devices is expected to fuel the market growth further.
HPE 5G Core Stack, an open cloud native 5G core network solution was launched by Hewlett Packard Enterprise in 2020. It is a network solution that easily integrates with previous generation networks and is ready for forthcoming milestones in 5G standards. It will be available on pay as you use basis with HPE Greenlake and will be a pre integrated software and hardware solution. It will further allow telecos to deploy a 5G network with little upfront investment and reduced risk. Thus, this network solution flourished the IoT node and gateway market.
To ensure integration and connectivity of aircraft, systems and people to the internet, IoT technology is being used on a large scale in aerospace industry. Comprehensive machine data are captured by sensors, which are present in various IoT devices. These sensors are critical and are installed on machines, vehicles, aerospace and defense equipment and others. Moreover, airlines can improve their baggage handling and equipment monitoring by using IoT. Thus, there is surge in the usage of IoT node and gateway as security and filtering, power efficiency is crucial for IoT technology.
Key segments covered:
Segments | Sub-segments |
Connectivity |
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Hardware |
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End users |
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Key benefits of the report:
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast units | Value (USD) |
Segments covered | Connectivity, Hardware, End User, and Region |
Regions covered | North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies covered | NXP Semiconductors N.V., TE Connectivity, Dell Technologies, Intel Corporation, Cisco Systems, Huawei technologies Co., Ltd., Microchip Technologies Inc., Nexcom International, Helium Systems Inc., StMicroelectronics N.V., Estimote Inc., and Others |
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