Global IOT Node and Gateway Market Size Was Valued at USD 419.65 Billion in 2022, and is Projected to Reach USD 836.18 Billion by 2030, Growing at a CAGR of 9.0 % From 2023-2030.
Internet of Things (IoT) is a term used to describe a network of devices that are embedded with software, sensors and network connectivity. IoT enables the exchange of information with other systems and devices over the internet.
An IoT node and gateway device serve as a connection point between the cloud, sensors, and intelligent devices. These devices, which encompass sensors, controlled and the cloud, perform tasks like security and data filtering and processing, protocol conversion and connecting devices, amongst others. The use of nodes and gateways offers additional security and storage to the end nodes in a power-efficient and cost-effective way. These devices find applications across several sectors, including consumer electronics, automotive, aerospace & defense.
Key Prominent Players In The IOT Node and Gateway Market:
- Cisco Systems, Inc. (United States)
- (United States)
- Helium System Inc. (United States)
- Samsara Networks Inc. (United States)
- Beep Inc. (United States)
- Dell Technologies Inc. (United States)
- Hewlett Packard Enterprise Development LP (United States)
- Ubiquiti Inc. (United States)
- Intel Corporation (United States)
- Texas Instruments Incorporated (United States)
- Microchip Technology Inc. (United States)
- Huawei Technologies Co., Ltd. (China)
- NXP Semiconductors N.V. (Netherlands)
- Quectel Wireless Solutions Co., Ltd. (China)
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Global IOT Node and Gateway Market Segmentation:
- By Component
Processor
Sensor
Memory
Storage Devices
- By Connectivity
Bluetooth
Wi-Fi
ZigBee
Ethernet
Cellular
- By End User
Automotive and Transportation
Healthcare
Industrial
Consumer Electronics
BFSI
Oil and Gas
Retail
Aerospace and Defense
Geographic Segment Covered in the Report:
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the IOT Node and Gateway market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the IOT Node and Gateway market segments and regions.
Key Industry Developments in the IOT Node and Gateway Market
𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
- Edge Computing: There is a growing need to process data locally at the edge of the network to reduce latency and enhance decision-making, positioning gateways as a critical component in edge computing architectures.
- Cybersecurity Solutions: With the expansion of IoT networks, securing these vast networks provides ample opportunities for developing advanced security solutions tailored for IoT nodes and gateways.
- Sustainability and Energy Efficiency: Innovations that improve energy efficiency and reduce the carbon footprint of IoT devices and networks present significant market opportunities, especially in the context of global sustainability goals.
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