IoT Node and Gateway Market

 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. 

COVID-19 Scenario Analysis: 

• The global IoT node and gateway market has been significantly impacted by the COVID-19 outbreak. 
• The global factories have struggled to manufacture and assemble new IoT node and gateway as workers have stayed in their homes and even the already available devices in various warehouses cannot be transported due to current rules and regulations which in turn has disrupted the global supply chains.
• Because of COVID-19 outbreak, technology will also be one of the priority to people, so demand for IoT node and gateway in various applications like healthcare, security, wearable devices and others will significantly increase.
• The impact of COVID-19 on IoT node and gateway market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains and demand for these batteries are gradually going to increase.
• This is anticipated to provide opportunities for companies to think about ways of increasing production, research about technologies, and improve the current products.

Top impacting factors: IoT Node and Gateway Market Trends, Scenario Analysis, Drivers and Impact Analysis

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.

New product launches to flourish the market

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.

Surge in usage in aerospace and defense industry

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 benefits of the report:

• This study presents the analytical depiction of the global IoT node and gateway industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global IoT node and gateway market share.
• The current market is quantitatively analyzed to highlight the global IoT node and gateway market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global IoT node and gateway market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the IoT Node and Gateway Market research report:

• What are the leading market players active in the IoT node and gateway market forecast?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 IoT Node and Gateway Market Report Highlights