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IoT Node and Gateway Market Size & Share, By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device), Connectivity (Bluetooth, Wi-Fi, ZigBee, Z-Wave, Others), End-use Industry, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 2775

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Published Date: May-2024

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Format : PDF, Excel

Market Outlook:

IoT Node and Gateway Market size was over USD 288.4 Billion in 2023 and is estimated to surpass USD 945 Billion by end of the year 2032, observing around 14% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 288.4 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

14%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 945 Billion

19-23 x.x %
24-32 x.x %
IoT Node and Gateway Market

Historical Data Period

2019-2023

IoT Node and Gateway Market

Largest Region

North America

IoT Node and Gateway Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

1. Increasing demand for smart connected devices: The IoT Node and Gateway Market is experiencing growth due to the increasing demand for smart connected devices across various industries such as healthcare, retail, automotive, and industrial automation. These devices require nodes and gateways to connect with the internet and to transmit data, driving the market growth.

2. Advancements in wireless communication technologies: The market is witnessing growth due to the advancements in wireless communication technologies such as Bluetooth, Wi-Fi, and Zigbee. These technologies allow for seamless connectivity and data transmission between devices, driving the adoption of IoT nodes and gateways in the market.

3. Rising demand for real-time data analytics: The increasing demand for real-time data analytics and insights is driving the adoption of IoT nodes and gateways. These devices enable the collection and transmission of data from connected devices to the cloud for real-time analysis, allowing businesses to make informed decisions and improve operational efficiency.

4. Integration of IoT with artificial intelligence and machine learning: The integration of IoT with artificial intelligence and machine learning is expected to drive the growth of the market. Nodes and gateways play a crucial role in collecting and transmitting data for AI and ML applications, driving the demand for these devices in the market.

Report Scope

Report CoverageDetails
Segments CoveredHardware, Connectivity, End-Use Industry
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledCisco Systems, Dell Technologies, Helium, Hewlett Packard Enterprise, Huawei Technologies, IBM, Intel, Laird Connectivity, NXP Semiconductors N.V., Particle Industries, Robert Bosch, Sierra Wireless, STMicroelectronics N.V., TE Connectivity., Texas Instruments Incorporation

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Industry Restraints:

1. Security and privacy concerns: One of the major restraints in the IoT Node and Gateway Market is the concern over security and privacy issues. As the number of connected devices increases, there is a growing risk of cyber-attacks and breaches, which can hinder the adoption of IoT nodes and gateways in the market.

2. High deployment and maintenance costs: The high deployment and maintenance costs associated with IoT nodes and gateways can act as a restraint in the market. Businesses may be hesitant to invest in these devices due to the initial investment required for deployment and the ongoing maintenance costs.

3. Lack of industry standards and interoperability: The lack of industry standards and interoperability among IoT devices can hinder the growth of the market. Different devices from different manufacturers may not be compatible with each other, leading to integration challenges and limiting the scalability of IoT solutions.

Overall, while the IoT Node and Gateway Market is poised for significant growth, addressing security concerns, reducing costs, and promoting interoperability will be crucial in driving the widespread adoption of IoT nodes and gateways across industries.

Regional Forecast:

IoT Node and Gateway Market

Largest Region

North America

31% Market Share in 2023

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North America:

The IoT Node and Gateway market in North America is expected to witness significant growth, driven by the increasing adoption of IoT technology across various industries in the United States and Canada. The region has been at the forefront of IoT innovation, with the presence of several key players and technology hubs fostering the development and deployment of IoT solutions. The implementation of smart city initiatives, industrial automation, and connected healthcare systems are some of the key factors contributing to the growth of the IoT Node and Gateway market in North America.

Asia Pacific:

In Asia Pacific, countries like China, Japan, and South Korea are seeing a rapid expansion of the IoT Node and Gateway market. China, in particular, is emerging as a major player in the global IoT landscape, with a growing focus on smart manufacturing, smart grid technology, and smart city development. Japan and South Korea are also investing heavily in IoT infrastructure, driving the demand for IoT nodes and gateways. The increasing adoption of IoT in industries such as automotive, healthcare, and consumer electronics is fueling the growth of the market in the region.

Europe:

The IoT Node and Gateway market in Europe is also witnessing substantial growth, with the United Kingdom, Germany, and France leading the way. These countries are investing in IoT initiatives across various sectors, including transportation, energy, and agriculture, driving the demand for IoT nodes and gateways. The presence of stringent regulations and standards related to data privacy and security is also influencing the adoption of IoT technology in the region. Additionally, the proliferation of smart home and industrial IoT solutions is contributing to the market growth in Europe.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
IoT Node and Gateway Market
IoT Node and Gateway Market

Segmentation Analysis:

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In terms of segmentation, the global iot node and gateway market is analyzed on the basis of Hardware, Connectivity, End-Use Industry.

Segment Analysis of IoT Node and Gateway Market

Hardware

The hardware segment of IoT node and gateway market includes devices that are used to facilitate the connection and communication within the IoT network. This includes sensors, actuators, processors, and memory units that are essential for data collection, processing, and transmission. The hardware segment also encompasses the physical components of the gateways that enable connectivity between the devices and the central network. As IoT ecosystems continue to grow and evolve, the demand for advanced and robust hardware components will rise, driving the growth of the IoT node and gateway market.

Connectivity

Connectivity is a crucial segment of the IoT node and gateway market as it plays a significant role in enabling communication and data exchange between the nodes and the central network. Various connectivity options such as Wi-Fi, Bluetooth, Zigbee, LoRa, and cellular networks are used to establish communication channels within the IoT ecosystem. The choice of connectivity technology depends on factors such as range, data transfer speed, power consumption, and application requirements. With the increasing adoption of IoT across various industries, the demand for diverse and reliable connectivity options will drive the growth of the connectivity segment in the IoT node and gateway market.

End-Use Industry

The end-use industry segment of the IoT node and gateway market refers to the specific sectors and verticals where IoT technology is deployed to address industry-specific challenges and requirements. This includes industries such as manufacturing, healthcare, transportation, agriculture, smart cities, and retail. Each industry sector has unique IoT use cases and demands tailored solutions to optimize operations, enhance efficiency, and improve decision-making processes. As the adoption of IoT technologies continues to gain momentum across different industries, the demand for specialized node and gateway solutions to cater to the diverse needs of these sectors will significantly impact the growth of the end-use industry segment in the IoT node and gateway market.

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Competitive Landscape:

The IoT Node and Gateway Market is characterized by intense competition, as companies strive to gain market share and establish themselves as industry leaders. The competitive landscape is marked by the presence of major players who have a strong global presence and technological capabilities. These companies are constantly innovating and introducing new products and services to meet the evolving needs of customers in the IoT space. Additionally, the market also consists of several smaller players who are focusing on niche segments and specific applications within the IoT Node and Gateway Market.

Top Market Players:

1. Qualcomm Technologies, Inc.

2. Intel Corporation

3. Texas Instruments Incorporated

4. STMicroelectronics

5. Cypress Semiconductor Corporation

6. NXP Semiconductors

7. Microchip Technology Inc.

8. Huawei Technologies Co., Ltd.

9. Advantech Co., Ltd.

10. Silicon Laboratories, Inc.

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IoT Node and Gateway Market Size & Share, By Hardw...

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