The global internet of things (IoT) node and gateway market represent a dynamic landscape of interconnected devices and communication hubs facilitating seamless data exchange. IoT nodes serve as endpoints, collecting and transmitting data from sensors and devices, while gateways act as intermediaries that aggregate, process, and relay this information to the cloud or other connected systems. This market encompasses a wide array of industries, including healthcare, manufacturing, smart cities, and agriculture, driving the proliferation of IoT applications.
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Data Bridge Market Research analyses that the Global Internet of Things (IoT) Node and Gateway Market which was USD 1,259.86 million in 2021 and is expected to reach USD 5,667.38 million by 2029, registering a CAGR of 17.80% during the forecast period of 2022-2029. IoT nodes and gateways are essential for connecting devices, sensors, and systems in industrial automation and smart manufacturing. They enable data-driven decision-making, predictive maintenance, and process optimization, aligning with the industry 4.0 paradigm and fostering digital transformation in the manufacturing sector.
Key Findings of the Study
Development of 5G technology is expected to drive the market's growth rate
The imminent rollout of 5G technology herald’s significant advancements for the IoT market. With a substantial increase in internet users, 5G promises enhanced worker safety and the ability to control a greater number of devices remotely. Its high-speed and low-latency capabilities open doors for revolutionary applications, such as enabling remote surgeries and fostering a new era of connectivity where real-time interactions and control become increasingly accessible and efficient.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Sensors, Processors, Connectivity IC, Memory Devices, and Logic Devices), Connectivity (Ethernet, Wi-Fi, Bluetooth, ZigBee, Z-Wave and Others), Application (Wearable Devices, Consumer Electronics, Healthcare, Automotive and Transportation, Industrial, Building Automation, Retail, Aerospace and Defense, Banking, Financial Services and Insurance (BFSI), Oil and Gas, Agriculture and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Dell (U.S.), EUROTECH (India), NXP Semiconductors (Netherlands), Cisco (U.S.), Advantech Co., Ltd. (Taiwan), AAEON (Taiwan), ADLINK Technology Inc. (Taiwan), ARM LIMITED (U.K.), Cradlepoint, Inc (U.S.), Embitel (India), Helium Systems Inc. (U.S.), Hewlett Packard Enterprise Development LP (India), Huawei Technologies Co., Ltd (China), Intel Corporation (U.S.), Lantronix, Inc (U.S.), Microchip Technology Inc (U.S.), Mitsubishi Electric Corporation (Japan), NEXCOM International Co., Ltd (Taiwan), Samsara Networks (U.S.), Inc., STMicroelectronics (Switzerland), Texas Instruments Incorporated (U.S.), TE Connectivity (Switzerland), and VOLANSYS Technologies (India), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global internet of things (IoT) node and gateway market is segmented on the basis of component, connectivity and application.
- On the basis of component, the global internet of things (IoT) node and gateway market is segmented into sensors, processors, connectivity IC, logic devices, and memory devices
- On the basis of connectivity, the global internet of things (IoT) node and gateway market is segmented into ethernet, Wi-Fi, bluetooth, zigbee, z-wave, and others
- On the basis of application, the global internet of things (IoT) node and gateway market is segmented into wearable devices, consumer electronics, healthcare, automotive and transportation, industrial, building automation, retail, aerospace and defense, banking, financial services and insurance (BFSI), oil and gas, agriculture and others
Major Players-
Data Bridge Market Research recognizes the following companies as the major global internet of things (IoT) node and gateway market players in the global internet of things (IoT) node and gateway market are Dell (U.S.), EUROTECH (India), NXP Semiconductors (Netherlands), Cisco (U.S.), Advantech Co., Ltd. (Taiwan), AAEON (Taiwan), ADLINK Technology Inc. (Taiwan), ARM LIMITED (U.K.), Cradlepoint, Inc (U.S.), Embitel (India)
Market Developments
- In 2023, Microchip Technology Inc. launched its inaugural automotive-qualified Ethernet PHYs – LAN8670, LAN8671, and LAN8672, equipped with 10BASE-T1S capabilities and AEC-Q100 Grade 1 qualification. Compliant with ISO 26262 functional safety standards, these PHYs enable the integration of low-speed devices into a standardized Ethernet network within automotive applications
- In 2023, Advantech launched the MIC-770 V3 Industrial Edge solution, seamlessly integrating with the NVIDIA L4 Tensor Core GPU. Modest 7,424 CUDA cores and 24GB GDDR6 GPU memory, this energy-efficient solution, consuming only 72W, facilitates diverse AIoT applications, including deep learning, edge inference, and automation across various industries
- In 2021, Intel Corporation launched the 3rd Generation Intel Xeon Scalable processors, integrating seamlessly with Intel's Optane persistent memory, storage, FPGAs, software solutions, and ethernet adapters. This comprehensive portfolio enhances performance, memory capabilities, and versatility, empowering businesses with advanced solutions for a diverse range of computing applications
- In 2021, Huawei Technologies and China Mobile deployed the world's inaugural 4.9 GHz commercial LampSite network in Shanghai. This implementation marked the first instance of digital indoor networks featuring 200 MHz aggregate bandwidth on the 2.6 and 4.9 GHz bands, coupled with distributed Massive MIMO technology
- In 2020, NXP Semiconductors N.V. partnered with Au-Zone Technologies (Canada) to enhance its silicon-optimized inference engines for edge machine learning. This partnership aimed to augment NXP's elQ machine learning software development environment, reinforcing its capabilities in delivering advanced solutions for edge artificial intelligence applications
Regional Analysis
Geographically, the countries covered in the global internet of things (IoT) node and gateway market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
As per Data Bridge Market Research analysis:
North America is the dominant region in the global internet of things (IoT) node and gateway market during the forecast period 2022-2029
North America dominates the global internet of things (IoT) node and gateway market, driven by surging demand for smart appliances among consumers and proactive initiatives from tech giants in the region. The rise in adoption of IoT-enabled devices, coupled with strategic initiatives, positions North America as a key player in shaping the trajectory of the IoT node and gateway market, reflecting the region's leadership in advancing connected technologies and smart solutions.
Asia-Pacific is estimated to be the fastest growing region in the global internet of things (IoT) node and gateway market during the forecast period 2022-2029
Asia-Pacific is expected to dominate the global internet of things (IoT) node and gateway market during the forecast period from 2022 to 2029. This dominance is fueled by the region's substantial growth, attributed to a surge in smart city projects. The rising construction of smart cities in Asia-Pacific propels the demand for IoT nodes and gateways, establishing the region as a key player in shaping the interconnected landscape and driving IoT adoption across diverse sectors.
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