Europe IoT Node and Gateway Market – Industry Trends and Forecast to 2030

Europe IoT Node and Gateway Market Analysis and Size

The size of the IoT node and gateway market is expanding significantly, and it is anticipated that this growth will continue over the coming years. The security and data filtering and processing, protocol conversion, device connection, and other critical tasks are all carried out by an IoT node and gateway device and software. Since many peripheral systems consist of devices, controllers, sensors, and the cloud, it acts as a junction for them. Additional security, storage, and processing services are subsequently offered to the end nodes using IoT nodes and gateways at a level that is both cost- and power-efficient. To allow nodes to communicate with one another within the network, various communication technologies are also used. As a result, they find use in a variety of end uses, including retail, aerospace and defense, consumer electronics, oil and gas, agriculture, automotive, BFSI, and BFSI.

Data Bridge Market Research analyses that the IoT node and gateway market, valued at USD 526.42 million in 2022, will reach USD 1,886.76 million by 2030, growing at a CAGR of 17.3% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe IoT Node and Gateway Market Scope and Segmentation  

Market Definition

IoT nodes and gateways are employed to enable communication with networks of numerous IoT sensors. It uses WiFi, Bluetooth, Zigbee, LoRA, and 6LoWPAN-based sensor nodes that are already in place. An IoT gateway connects IoT devices and sensors to the cloud and data processing through a central hub. Modern IoT gateways frequently enable bidirectional data flow between the cloud and IoT devices.

 Europe IoT Node and Gateway Market Dynamics

Drivers

• Rising usage of internet of things (IoT) nodes and gateway in wearable technologies

Internet of things (IoT) node and gateway devices in wearable technologies offer a wide range of functionality, from tracking heart rate and calories burned to cutting-edge smart features akin to smartphones. The best wearable technology supports market growth in the area by enabling users to take pictures, view them, record videos, read text messages and emails, interact with voice commands, and browse the web.

• Increasing demand for internet of things (IoT) node and gateway throughout the industrial sectors

The market for IoT gateways has grown significantly as a result of the increased use of connected devices in the industry. Over the past few years, the industrial sector's massive data creation has increased the need for cutting-edge security protocols and cyber protection. These factors have significantly raised the demand for Internet of things (IoT) nodes and gateways in the industrial sectors. In order to protect the data from security breaches, internet of things (IoT) nodes and gateways can provide end-to-end encryption and multiple levels of authentication which drive the market growth.

Opportunities

• Government support for the research and development of IoT technologies generates lucrative opportunities

Governments from all over the world are promoting and funding IoT research and development to boost productivity. The improvement of security systems, traffic management systems, and smart meters for energy conservation are just a few of the key areas where governments are looking for innovation and advancement. In addition, several governments are funding brand-new IoT research projects for the development of smart cities in the future. As a result, the government will likely be instrumental in the development and growth of IoT ecosystems.

• 5G technology advancement propels the market

The number of internet users has significantly increased. The IoT market is likely to benefit from the upcoming rollout of 5G, the fifth generation of cellular mobile communication. The primary method for accomplishing this is the 5G network, which will significantly enhance the functionality and relatability of devices like wearable devices, healthcare devices, and others. By enabling even more remote surgery in situations where real-time network performance is essential, like the remote control of large machinery in dangerous environments, 5G will increase worker safety and make it possible to remotely control more devices.

Restraints/Challenges

• Dispel worries about user data security and privacy limits the market growth

This technology has enormous potential for the quick uptake of IoT across all end markets, including wearables, healthcare, and retail. However, privacy and security data severely restrict this market. As the number of connected devices grows and IoT is increasingly used in end-use applications, a huge amount of data is being generated. Cybercrime can compromise systems and use this information to assess a person's health, determine their auto insurance, and other things, which could further hurt the market.

• High power consumption by wireless sensor terminals/ connected devices

Major power consumers include sensors and other IoT accessories. Despite the availability of technologies like ultra-low-power processors, tiny mobile sensors, and wireless networking, IoT devices still require efficient power management and low optical power consumption. Between 50 and 100 connected appliances, including lights, thermostats, and other appliances, may be present in a typical smart home. Each of these connected appliances has a unique power requirement. Utilizing equipment like smart meters would increase the efficiency of the line power. The main challenge in managing the power of devices using wireless technologies like Wi-Fi is that replacing the batteries of thousands of sensors, actuators, and other connected devices within IoT systems regularly is not practical.

This  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 the 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2021, New 3rd Generation Intel Xeon Scalable Processors were released by Intel Cooperation, along with a portfolio of Ethernet adapters, FPGAs, persistent memory and storage, Intel Optane, and optimized software.
• In 2021, In Shanghai, China, Huawei Technologies and China Mobile established the first 4.9 GHz commercial lamp site network. This was the first time distrusted massive MIMO and na aggregate bandwidth of 200 MHz on the 2.6 and 4.9 GHz bands were applied simultaneously in indoor digital networks.
• In 2020, NXP semiconductors N.V. collaborated with Au-Zone Technologies (Canada) to expand its offering of silicon-optimized inference engines for edge ML and its ELQ machine learning (ML) SOFTWARE DEVELOPMENT ENVIRONMENT.

Europe IoT Node and Gateway Market Scope

The IoT node and gateway market is segmented on the basis of component, connectivity and application. The growth amongst these segments will help you analyze meagre 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
• Memory Devices
• Logic Devices

Connectivity

• Ethernet
• Wi-Fi
• Bluetooth
• ZigBee
• Z-Wave
• Others

Application

• Industrial
• Healthcare
• Automotive and Transportation
• Building Automation
• Retail
• Banking, Financial Services and Insurance (BFSI)
• Oil and Gas
• Aerospace and Defense
• Agriculture
• Consumer
• Wearable Devices
• Consumer Electronics
• Transportation
• Commercial
• Others

IoT Node and Gateway Market Regional Analysis/Insights

The 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 IoT node and gateway market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe

U.K. dominates the market and will continue to flourish its trend of dominance during the forecast period in Europe. The major factors attributable to the region’s dominance are rising demand for wireless technologies solutions in various sectors such as consumer appliances, enterprises, fitness, and sports among other industries. Furthermore, increasing the demand for the IoT devices which in turn increases the demand for the IoT gateway among the countries.

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 such as 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 IoT Node and Gateway Market Share Analysis

The 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 IoT node and gateway market.

Some of the major players operating in the IoT node and gateway market are:

• Eurotech S.p.A. (Italy)
• NXP Semiconductors (Netherlands)
• Cisco Systems, Inc. (U.S.)
• Advantech Co., Ltd. (Taiwan)
• AAEON Technology Inc. (Taiwan)
• ADLINK Technology Inc. (Taiwan)
• Arm Limited (U.K.)
• Cradlepoint, Inc. (U.S.)
• Embitel (India)
• Helium Inc. (U.S.)
• Hewlett Packard Enterprise Development LP (India)
• Huawei Technologies Co., Ltd. (China)
• Intel Corporation (U.S.)
• LANTRONIX, INC. (U.S.)
• Microchip Technology Inc. (U.S.)
• Mitsubishi Electric Corporation (Japan)
• NEXCOM International Co., Ltd. (China)
• STMicroelectronics (Switzerland)
• Texas Instruments Incorporated. (U.S.)
• VOLANSYS Technologies (India)

SKU-52764