Global Internet of Things (IoT) Node and Gateway Market, By 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) - Industry Trends and Forecast to 2029.
Market Analysis and Size
Numerous communication technologies are deployed for facilitating nodes to talk to each other within the network. Thus, internet of things (IoT) node and gateway are utilized in various industries, including oil and gas, automotive, transportation, aerospace and defense, consumer electronics, retail, agriculture, BFSI, and healthcare, among others.
Global Internet of Things (IoT) Node and Gateway Market was valued at USD 1259.8621 million in 2021 and is expected to reach USD 5667.38 million by 2029, registering a CAGR of 17.80% during the forecast period of 2022-2029. Connectivity IC accounts for the largest component segment in the respective market owing to the rise in demand for better edge devices connectivity. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
An IoT node and gateway device and software refers to the technology that performs crucial tasks in areas, including security and filtering of data and processing, connecting devices, and protocol conversion, among others. These devices and software acts as junction for many peripheral systems, such as controllers, cloud, devices and sensors.whole system which ensures minimal interference by humans.
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 2019 - 2014)
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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 (US), EUROTECH (India), NXP Semiconductors (Netherlands), Cisco (US), Advantech Co., Ltd. (Taiwan), AAEON (Taiwan), ADLINK Technology Inc. (Taiwan), ARM LIMITED (UK), Cradlepoint, Inc (US), Embitel (India), Helium Systems Inc. (US), Hewlett Packard Enterprise Development LP (India), Huawei Technologies Co., Ltd (China), Intel Corporation (US), Lantronix, Inc (US), Microchip Technology Inc (US), Mitsubishi Electric Corporation (Japan), NEXCOM International Co., Ltd (Taiwan), Samsara Networks (US), Inc., STMicroelectronics (Switzerland), Texas Instruments Incorporated (US), TE Connectivity (Switzerland), and VOLANSYS Technologies (India), among others.
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Market Opportunities
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Internet of Things (IoT) Node and Gateway Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Internet Penetration
The rise in the Internet penetration rate across the globe is one of the major factors driving the growth of internet of things (IoT) node and gateway market. The rate has increased to an extent in the past 10–15 years, in developed regions, including North America and Europe.
- Emergence of 5G
The emergence of fifth generation of cellular mobile communications or 5G accelerate the market growth. The 5G networks are expected to go a long way towards enhancing the reliability and performance of connected devices.
- Use of Wireless Smart Sensors
The rise in the usage of wireless smart sensors and networks further influence the market. Also, the growing IP address space and better security solutions made available through IPv6 have a positive impact on the market.
Additionally, rapid urbanization, change in lifestyle, increase in necessity of data centers due to rising adoption of cloud platforms, surge in investments and growing market for connected devices positively impact the internet of things (IoT) node and gateway market.
Opportunities
Furthermore, cross-domain collaborations extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, government support for research and development of IoT technologies will further expand the market.
Restraints/Challenges
On the other hand, unsettled concerns regarding security and privacy of user data and high fragmentation due to lack of common protocols and communication standards are expected to obstruct market growth. Also, requirement for wireless spectrum and licensed spectrum for IoT and delay in deployment of IoT projects due to lack of IoT-related skills are projected to challenge the internet of things (IoT) node and gateway market in the forecast period of 2022-2029.
This internet of things (IoT) node and gateway market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on internet of things (IoT) node and gateway market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Internet of Things (IoT) Node and Gateway Market
The COVID-19 had a negative impact on the internet of things (IoT) node and gateway market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand internet of things (IoT) node and gateway market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the internet of things (IoT) node and gateway market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- Intel Corporation launched new 3rd Generation Intel Xeon Scalable processors in April’2021. These processors are combined with Intel’s portfolio of Intel Optane persistent memory and storage, FPGAs, optimized software solutions and Ethernet adapters.
- Huawei Technologies and China Mobile stationed world's first 4.9 GHz commercial LampSite network in Shanghai, China in February’2021. This was the first time that digital indoor networks got implemented with an aggregate bandwidth of 200 MHz on the 2.6 and 4.9 GHz bands along with distributed Massive MIMO.
Global Internet of Things (IoT) Node and Gateway Market Scope and Market Size
The internet of things (IoT) node and gateway market is segmented on the basis of component, connectivity and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Sensors
- Processors
- Connectivity IC
- Logic Devices
- Memory Devices
Based on component, the IoT node and gateway market is segmented into sensors, processors, connectivity IC, logic devices and memory devices. Sensors accounted largest market share is due to the growing demand for wireless devices among the consumers. Moreover, the growing construction of smart cities project in the emerging economies has resulted in boosting the demand for the sensors.
Connectivity
- Ethernet
- Wi-Fi
- Bluetooth
- Zigbee
- Z-Wave
- Others
Based on connectivity, the market is segmented into ethernet, Wi-Fi, bluetooth, zigbee, z-wave and others. The growing demand of high speed network and easy installation has increased the demand for the ethernet.
Industry
- 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
- Others
Based on industry, the 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. Wearable devices segment is dominating the market is due to the growing demand of connected devices and rising industrial automation has increase the demand for the wearable devices.
Internet of Things (IoT) Node and Gateway Market Regional Analysis/Insights
The internet of things (IoT) node and gateway market is analysed and market size insights and trends are provided by country, component, connectivity and application as referenced above.
The countries covered in the 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.
North America dominates the internet of things (IoT) node and gateway market because of the rise in demand of smart appliances among consumers and rising initiative from the tech –giants within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in construction of smart city project in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Internet of Things (IoT) Node and Gateway Market
The internet of things (IoT) node and gateway market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to internet of things (IoT) node and gateway market.
Some of the major players operating in the internet of things (IoT) node and gateway market are
- Dell (US)
- EUROTECH (India)
- NXP Semiconductors (Netherlands)
- Cisco (US)
- Advantech Co., Ltd. (Taiwan)
- AAEON (Taiwan)
- ADLINK Technology Inc. (Taiwan)
- ARM LIMITED (UK)
- Cradlepoint, Inc (US)
- Embitel (India)
- Helium Systems Inc. (US)
- Hewlett Packard Enterprise Development LP (India)
- Huawei Technologies Co., Ltd (China)
- Intel Corporation (US)
- Lantronix, Inc (US)
- Microchip Technology Inc (US)
- Mitsubishi Electric Corporation (Japan)
- NEXCOM International Co., Ltd (Taiwan)
- Samsara Networks (US), Inc.
- STMicroelectronics (Switzerland)
- Texas Instruments Incorporated (US)
- TE Connectivity (Switzerland)
- VOLANSYS Technologies (India)
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