The IoT Node and Gateway Market Size was valued at USD 8.20 billion in 2022, and is expected to reach USD 14.96 billion by 2030 and grow at a CAGR of 7.8% over the forecast period 2023-2030.
The global IoT node and gateway market size is growing exponentially and is expected to grow significantly in the next few years. IoT node and gateway devices & software perform important functions in areas such as data security and filtering, protocol conversion, device connectivity, and more. Since most third-party systems include devices, controls, sensors and clouds, it acts as their integration. Therefore, additional security, storage, and processing services in storage facilities are provided at a more efficient and less expensive level with the use of IoT node and gateway. In addition, various communication technologies are used to facilitate nodes to communicate to each other within the network.
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KEY DRIVERS:
Increasing market for connected devices.
Data centers are becoming more and more essential as cloud computing platforms gain popularity.
Rise of 5G technology.
RESTRAINTS:
Unresolved issues with user data security and privacy.
High market fragmentation as a result of divergent communication standards and protocols.
OPPORTUNITIES:
Government funding for IoT technology research and development.
Cross-domain collaborations.
CHALLENGES:
IoT project implementation is delayed as a result of connection problems and a lack of IoT-related expertise.
IoT requires licensed spectrum for wireless devices.
The IoT node and gateway market have had a significant impact due to the outbreak of COVID-19. Global factories have struggled to create and integrate a new IoT node and gateway as workers are sitting in their houses and even equipment already available in various warehouses cannot be moved due to current laws and regulations that have disrupted the global supply chain. Due to the outbreak of COVID-19, technology will be one of the priorities for people, so the need for IoT node and gateway to various applications such as health care, safety, wearable and more will grow significantly. The impact of COVID-19 on the IoT node and gateway market is temporary as long as the production and acquisition of goods has stopped. Once the situation improves, the production, supply chain and demand for these batteries will gradually increase. This is expected to provide opportunities for companies to think about ways to increase productivity, research on technologies, and develop current products.
Based on Hardware, the IoT Node and Gateway Market is segmented into Sensor, Memory Device, Processor, Connectivity IC and Logic Device. The connectivity IC component holds the largest share of the IoT node and gateway market, depending on the volume. The growing demand for connectivity for better edge devices connectivity and significant developments in low-power connectivity technologies, such as Wi-Fi, Bluetooth, and Bluetooth Low Energy (BLE), are key factors that support the growth of the connectivity IC component.
Based on End Use Application, the IoT Node and Gateway Market is segmented into consumer and industrial. Consumer segment holds the largest share of the entire IoT node and gateway market during forecasting. With the advent of more consumer-oriented consumer electronics and smartphones, the growth of IoT technology in the consumer electronics segment is expected to improve.
BY HARDWARE
Sensor
Memory Device
Processor
Connectivity IC
Logic Device
BY END-USE APPLICATION
Consumer
Industrial
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APAC is expected to record the highest growth in the IoT node and gateway market during the forecast period from 2023 to 2030. Growing Internet penetration in all commercial and residential areas, a comprehensive customer base, increasing revenue, and improving IT infrastructure. are some of the key decisions that add to the growth of the IoT node and gateway market in the APAC. In addition, the adoption of cloud-based services and the growing automation of industry automation are the mainstays of IoT node and gateway market growth for commercial applications in countries such as China, South Korea, and Japan.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the IoT Node and Gateway market are Huawei Technologies, Texas Instruments Incorporated, Hewlett Packard Enterprise, Aaeon Components, Dell Technologies, Intel Corporation, NXP Semiconductor, Cisco Systems, TE Connectivity, Advantech & Other Players.
Texas Instruments Incorporated- Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 8.20 Billion |
| Market Size by 2030 | US$ 14.96 Billion |
| CAGR | CAGR 7.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Hardware (Sensor, Memory Device, Processor, Connectivity IC, Logic Device) • By End Use Application (Consumer, Industrial) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | IoT Node and Gateway market are Huawei Technologies, Texas Instruments Incorporated, Hewlett Packard Enterprise, Aaeon Components, Dell Technologies, Intel Corporation, NXP Semiconductor, Cisco Systems, TE Connectivity and Advantech. |
| Key Drivers | •Increasing market for connected devices. •Data centers are becoming more and more essential as cloud computing platforms gain popularity. |
| Market Restraints | •Unresolved issues with user data security and privacy. •High market fragmentation as a result of divergent communication standards and protocols. |
Ans: The IoT Node and Gateway Market Size is expected to reach USD 14.96 billion by 2030.
Unresolved issues with user data security and privacy, and High market fragmentation as a result of divergent communication standards and protocols.
The IoT node and gateway market have had a significant impact due to the outbreak of COVID-19. Global factories have struggled to create and integrate a new IoT node and gateway as workers are sitting in their houses and even equipment already available in various warehouses cannot be moved due to current laws and regulations that have disrupted the global supply chain.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Ans: The IoT Node and Gateway Market size is to grow at a CAGR of 7.8% during the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. IoT Node and Gateway Market Segmentation, by hardware
8.1Introduction
8.2 Sensor
8.3 Memory Device
8.4 Processor
8.5 Connectivity IC
8.6 Logic Device
9. IoT Node and Gateway Market Segmentation, by end use application
9.1Introduction
9.2 Consumer
9.3 Industrial
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 NXP Semiconductor
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Huawei Technologies
11.3 Texas Instruments Incorporated
11.4 Hewlett Packard Enterprise
11.5 Aaeon Components
11.6 Dell Technologies
11.7 Intel Corporation
11.8 Cisco Systems
11.9 TE Connectivity
11.10 Advantech
11.11 Other
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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