The global market for Internet of Things (IoT) Node and Gateway was estimated at US$568.8 Billion in 2023 and is projected to reach US$818.4 Billion by 2030, growing at a CAGR of 5.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Internet of Things (IoT) Node and Gateway Market - Key Trends and Drivers Summarized
How Are IoT Nodes and Gateways Enabling Connectivity in the IoT Ecosystem?
Internet of Things (IoT) nodes and gateways are essential components in the IoT ecosystem, enabling communication between connected devices and the cloud. IoT nodes refer to individual devices or sensors that collect and transmit data, while gateways serve as intermediaries, connecting these devices to cloud platforms or data centers. Gateways are particularly important in environments where direct device-to-cloud communication is not feasible due to bandwidth, security, or latency issues. They aggregate data from multiple devices, process it locally (edge computing), and send relevant information to the cloud for further analysis. IoT nodes and gateways play a critical role in enabling seamless connectivity, real-time data processing, and reliable communication across IoT networks.What Technological Advancements Are Driving IoT Node and Gateway Development?
Technological advancements in low-power wide-area networks (LPWAN), edge computing, and security protocols are driving the development of IoT nodes and gateways. LPWAN technologies such as LoRaWAN and NB-IoT are enabling IoT nodes to operate over long distances with minimal power consumption, making them ideal for applications like smart agriculture and remote monitoring. Edge computing is allowing gateways to process data closer to the source, reducing latency and bandwidth usage, while advanced security protocols ensure that IoT devices and data are protected from cyber threats. These innovations are enhancing the performance and scalability of IoT nodes and gateways, making them more efficient and secure for a wide range of applications.How Do Market Segments Define the Growth of IoT Nodes and Gateways?
Components include sensors, processors, and communication modules, with communication modules leading the market due to their critical role in enabling data transmission between devices and gateways. Connectivity technologies include Wi-Fi, Bluetooth, Zigbee, and LPWAN, with LPWAN gaining significant traction due to its long-range capabilities and low power requirements. End-user industries include manufacturing, healthcare, agriculture, and smart cities, with industrial automation leading the market as manufacturers adopt IoT solutions to optimize production and reduce downtime. The market is growing rapidly in regions such as North America, Europe, and Asia-Pacific, where IoT adoption is expanding across industries.What Factors Are Driving the Growth in the IoT Node and Gateway Market?
The growth in the IoT node and gateway market is driven by several factors, including the rising adoption of IoT across industries, advancements in LPWAN and edge computing technologies, and the growing need for real-time data processing. As IoT ecosystems expand, businesses are increasingly relying on nodes and gateways to ensure seamless communication and data transmission between devices and cloud platforms. Technological innovations such as edge computing are further driving growth by enabling real-time data processing at the gateway level, reducing latency and improving decision-making capabilities. Additionally, the growing focus on industrial automation and smart city initiatives is pushing demand for IoT nodes and gateways to support connected infrastructure and optimize resource management.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Connectivity IC segment, which is expected to reach US$305.7 Billion by 2030 with a CAGR of a 6.3%. The Processor segment is also set to grow at 4.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $154.9 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $126.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Internet of Things (IoT) Node and Gateway Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Internet of Things (IoT) Node and Gateway Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Internet of Things (IoT) Node and Gateway Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Internet of Things (IoT) Node and Gateway market such as Aaeon Technology Inc., Adlink Technology Inc., Advantech Co. Ltd., Beep Inc., Cisco Systems Inc. and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 37 companies featured in this Internet of Things (IoT) Node and Gateway market report include:
- Aaeon Technology Inc.
- Adlink Technology Inc.
- Advantech Co. Ltd.
- Beep Inc.
- Cisco Systems Inc.
- Dell Technologies
- Estimote Inc.
- Eutotech S.p.A.
- Helium Systems Inc.
- Hewlett Packard Enterprise Co.
- Huawei Technologies Co. Ltd.
- Intel Corporation
- Microchip Technology Inc.
- Nexcom International Co. Ltd
- Notion
- NXP Semiconductors N.V.
- Samsara Networks Inc.
- STMicroelectronics N.V.
- TE Connectivity Ltd.
- Texas Instruments Incorporated
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Aaeon Technology Inc.
- Adlink Technology Inc.
- Advantech Co. Ltd.
- Beep Inc.
- Cisco Systems Inc.
- Dell Technologies
- Estimote Inc.
- Eutotech S.p.A.
- Helium Systems Inc.
- Hewlett Packard Enterprise Co.
- Huawei Technologies Co. Ltd.
- Intel Corporation
- Microchip Technology Inc.
- Nexcom International Co. Ltd
- Notion
- NXP Semiconductors N.V.
- Samsara Networks Inc.
- STMicroelectronics N.V.
- TE Connectivity Ltd.
- Texas Instruments Incorporated
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 568.8 Billion |
| Forecasted Market Value ( USD | $ 818.4 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
