The Internet of Things (IoT) node and gateway market is witnessing significant growth due to the increasing adoption of IoT solutions across various industries. IoT gateways are crucial components enabling seamless connectivity and communication between controllers, sensors, clouds, and intelligent devices. These gateways facilitate wireless sensing applications and enhance the overall functionality of IoT modules. They provide essential functions such as security, data filtering, device connectivity, and protocol transactions, ensuring secure and efficient data flow between edge devices and cloud platforms. With the growing demand for IoT solutions, the market for IoT nodes and gateways is expected to experience steady growth, driven by the need for robust and scalable connectivity solutions in the IoT ecosystem.
According to Data Bridge Market Research, the Internet Of Things (Iot) Node and Gateway Market growth at a rate of 15.3% in the forecast period of 2021 to 2028.
“Increasing number of connected devices drives the market”
The increasing number of connected devices is a significant driver for the growth of the Internet of Things (IoT) node and gateway market. With the proliferation of IoT applications and the integration of smart devices across various industries, the number of connected devices continues to rise exponentially. IoT nodes and gateways are crucial in connecting and managing these devices, enabling seamless communication and data transfer. As the demand for IoT solutions and connected devices increases, the need for efficient and scalable node and gateway solutions also grows. This drives the market for IoT nodes and gateways, providing the necessary infrastructure to support the expanding IoT ecosystem.
What restraints the growth of the internet of Things (IoT) node and gateway market?
“Complex network architecture”
The complex network architecture significantly restricts the growth of the Internet of Things (IoT) node and gateway market. The IoT ecosystem involves a diverse range of devices and protocols, often leading to interoperability and compatibility challenges. Integrating multiple devices and protocols into a cohesive network architecture requires significant technical expertise and resources. The complexity of managing and securing large-scale IoT networks can hinder the adoption and implementation of IoT gateways. Additionally, the need for seamless communication and data exchange among various devices and platforms further adds to the complexity, making it a restraining factor in the IoT node and gateway market.
Segmentation: Internet of Things (IoT) Node and Gateway Market
The IoT gateways market is segmented on the basis of component, node, connectivity technology, and application.
- On the basis of component, the IoT gateways market is segmented into MCU, FPGA, sensor, memory, and others.
- On the basis of node, the IoT gateways market is segmented into smart watch, camera, radar, thermostat, actuator, smart TV, and others.
- On the basis of connectivity technology, the IoT gateways market is segmented into bluetooth, wi-fi, zigbee, ethernet, Z-wave, and others.
- On the basis of application, the IoT gateways market is segmented into wearable devices, healthcare, automotive and transportation, building automation, industrial and consumer electronics.
Regional Insights: North America dominates the Internet of Things (IOT) node and gateway market
North America holds a dominant position in the IoT gateways market driven by significant investments in infrastructure renovation, capacity expansion, and advancements in the automotive industry. The region's focus on upgrading the oil, gas, and power sectors further contributes to its market dominance. These investments and upgrades foster the deployment of IoT gateways, enabling seamless connectivity, data management, and enhanced operational efficiency. As a result, North America continues to lead the IoT gateways market with its strong industrial and technological advancements.
Europe is poised to experience substantial growth in the forecast period of 2021-2028, driven by rising government investments in smart infrastructure initiatives. The region's focus on developing smart infrastructure and the presence of major automotive original equipment manufacturers (OEMs) fuels the growth of the IoT gateways market in Europe. These factors contribute to the deployment of IoT gateways, facilitating seamless connectivity, data management, and advanced functionalities in various industries. With its strong emphasis on smart infrastructure projects, Europe emerges as a key growth market for IoT gateways.
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The Prominent Key Players Operating in the Internet of Things (IoT) Node and Gateway Market Include:
- Intel Corporation (U.S.)
- Mitsubishi Electric Corporation (Japan)
- NXP Semiconductors (Netherlands)
- Arm Limited (U.K.)
- Cisco (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- TE Connectivity (Switzerland)
- STMicroelectronics (Switzerland)
- Advantech Co., Ltd. (Taiwan)
- Dell (U.S.)
- EUROTECH (Italy)
- AAEON (Taiwan)
- ADLINK Technology Inc. (Taiwan)
- NEXCOM International Co., Ltd. (Taiwan)
- Microchip Technology Inc. (U.S.)
- Notion Labs, Inc. (U.S.)
- Samsara (U.S.)
- Estimote, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of internet of things (IoT) node and gateway market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Internet of Things (IoT) Node and Gateway Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
