North America IoT Node and Gateway Market – Industry Trends and Forecast to 2030

North America IoT Node and Gateway Market, By Component (Sensors, Processors, Connectivity IC, Memory Devices, Logic Devices), Connectivity (Ethernet, Wi-Fi, Bluetooth, ZigBee, Z-Wave, Others), Application (Industrial, Consumer, Transportation, Commercial, Others) – Industry Trends and Forecast to 2030.

North America IoT Node and Gateway Market Analysis and Size

The global IoT node and gateway market size is experiencing significant growth and is anticipated to grow considerably in the next few years. An IoT node and gateway device and software perform crucial tasks in areas such as security and filtering of data and processing, protocol conversion, connecting devices, and others. As many peripheral systems include devices, controllers, sensors, and the cloud, it acts as a junction for them. Thus, additional security, storage, and processing services to the end nodes are provided at a power-efficient and cost-effective level by the usage of IoT nodes and gateway. Moreover, different communication technologies are used to facilitate nodes to talk to each other within the network. Thus, they find their applications in end uses such as consumer electronics, oil and gas, agriculture, automotive, BFSI, transportation, healthcare, aerospace and defense, retail, and others.

Data Bridge Market Research analyses that the IoT node and gateway market, valued at USD 634.97 million in 2022, will reach USD 2,452.25 million by 2030, growing at a CAGR of 18.4% 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.

North America IoT Node and Gateway Market Scope and Segmentation      

Market Definition

To enable communication with networks of numerous IoT sensors, IoT nodes, and gateways are used. It makes use of the installed sensor nodes based on the WiFi, Bluetooth, Zigbee, LoRA, and 6LoWPAN protocols. A centralized hub known as an IoT gateway links IoT gadgets and sensors to cloud computing and data processing. Bidirectional data flow between the cloud and IoT devices is frequently made possible by modern IoT gateways.

North America IoT Node and Gateway Market Dynamics

Drivers

• Development of 5G technology drives the market

Internet users have grown significantly in number. The upcoming rollout of 5G, the fifth generation of cellular mobile communication, is likely to be advantageous for the IoT market. The 5G network, which will significantly improve the functionality and relatability of devices like wearables, healthcare devices, and others, is the main strategy for achieving this. 5G will improve worker safety and make it possible to remotely control more devices by enabling even more remote surgery in scenarios where real-time network performance is crucial, like the remote control of large machinery in hazardous environments.

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

Wearable technologies with Internet of things (IoT) node and gateway devices provide a wide range of functionality, from monitoring heart rate and calories burned to cutting-edge smart features similar to smartphones. By allowing users to take pictures, view them, record videos, read texts and emails, interact with voice commands, and browse the web, the best wearable technology promotes market expansion in the sector.

Opportunities

• Government funding for IoT technology research and development creates lucrative opportunities

In order to increase productivity, governments all over the world are supporting and funding IoT research and development. Governments are seeking innovation and advancement in several key areas, including smart meters for energy conservation, traffic management systems, and security system improvement. Additionally, several governments are funding fresh IoT research initiatives for the future creation of smart cities. Therefore, it is likely that the government will play a crucial role in the creation and expansion of IoT ecosystems.

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

The increased use of connected devices in the industry has led to a significant increase in the market for IoT gateways. Modern security protocols and cyber protection have become more necessary in recent years due to the industrial sector's massive data creation. The demand for Internet of Things (IoT) nodes and gateways in the industrial sectors has increased significantly as a result of these factors. Internet of things (IoT) nodes and gateways can offer end-to-end encryption and multiple levels of authentication to protect data from security breaches, which propels market expansion.

Restraints/Challenges

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

Through the rapid adoption of IoT across all end markets, including wearables, healthcare, and retail, this technology has tremendous potential. However, this market is severely constrained by privacy and security data. A massive amount of data is being produced as the number of connected devices rises along with the adoption of IoT in end-use applications. Cybercrime can compromise systems and use this data to obtain a person's auto insurance, assess a person's health status, and more, which could further hinder the market.

• High power consumption by wireless sensor terminals/ connected devices impedes the market

IoT devices still need effective power management and low optical power consumption even though technologies like ultra-low-power processors, tiny mobile sensors, and wireless networking are readily available. A typical smart home may have between 50 and 100 connected appliances, including lights, thermostats, and other appliances. These connected devices each have a different power requirement. Though it is impractical to regularly replace the batteries in thousands of sensors, actuators, and other connected devices within IoT systems, managing the power of devices using wireless technologies like Wi-Fi presents a significant challenge and thus impedes the market.

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.

North America 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 component, connectivity and application as referenced above.

The countries covered in the IoT node and gateway market report are U.S., Canada, and Mexico in North America

U.S dominates the IoT node and gateway market due to the rising penetration of IoT devices in industrial applications has increased the demand for IoT connectivity. Furthermore, it is expected to offer considerable opportunities for players in the region owing to growing awareness related to IoT nods and gateway systems for security purposes.

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)