Internet of Things (IoT) Node and Gateway Global Market Report 2024

An IoT node and gateway refer to the physical device or technology designed to perform crucial tasks such as data security, filtering, device connection, and protocol conversion. These devices and software act as intermediaries, facilitating communication between various peripheral systems like controllers, clouds, devices, and sensors.

The primary components of the IoT node and gateway market include sensors, processors, connectivity IC, logic devices, and memory devices. Sensors employ a gateway-based architecture to establish connections between nodes and cloud servers. Different connectivity options encompass Ethernet, Wi-Fi, Bluetooth, Zigbee, Z-Wave, and others. This technology finds applications in diverse sectors such as healthcare, automotive and transportation, consumer electronics, industrial, BFSI, oil and gas, aerospace and defense, among others, serving both industrial and consumer needs.

The internet of things (IoT) node and gateway market research report is one of a series of new reports that provides internet of things (IoT) node and gateway market statistics, including internet of things (IoT) node and gateway industry global market size, regional shares, competitors with an internet of things (IoT) node and gateway market share, detailed internet of things (IoT) node and gateway market segments, market trends and opportunities, and any further data you may need to thrive in the internet of things (IoT) node and gateway industry. This internet of things (IoT) node and gateway market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The internet of things (iot) node and gateway market size has grown exponentially in recent years. It will grow from $12.97 billion in 2023 to $16.83 billion in 2024 at a compound annual growth rate (CAGR) of 29.7%. The expansion observed in the historical period can be attributed to the proliferation of IoT applications across various industries, advancements in sensor technologies, the growth of connectivity and network infrastructure, increasing adoption of smart devices, and the rise in the utilization of data analytics and cloud computing.

The internet of things (iot) node and gateway market size is expected to see exponential growth in the next few years. It will grow to $47.88 billion in 2028 at a compound annual growth rate (CAGR) of 29.9%. The anticipated growth in the forecast period can be attributed to the expansion of 5G networks for IoT connectivity, the integration of edge computing in IoT architectures, the growth in Industrial IoT (IIoT) deployments, the development of low-power wide-area networks (LPWAN), and the rising demand for secure IoT connectivity solutions. Major trends expected during this forecast period include the incorporation of edge intelligence and processing in IoT nodes, the adoption of artificial intelligence (AI) in IoT devices, a focus on energy-efficient IoT nodes and gateways, the convergence of IoT with blockchain technology, and the implementation of standardized IoT protocols for interoperability.

The IoT node and gateway market are expected to experience growth propelled by the advent of 5G technology in the forecast period. 5G technology introduces more stable and faster secure connectivity, with enhanced bandwidth enabling the transfer of larger data volumes in a given timeframe. Reduced latency in 5G facilitates faster data transmission, and the increased coverage supports multiple network topologies, enabling easy communication among IoT nodes and gateways. As reported by Ericsson, a Swedish telecoms corporation, the global number of 5G smartphone subscriptions surged to 600 million in 2021, tripling from the previous year, and is projected to surpass one billion by 2022. Hence, the emergence of 5G technology acts as a catalyst for the growth of the IoT node and gateway market.

The proliferation of connected smart devices is anticipated to be a driving force for the IoT node and gateway market. Connected smart devices, equipped with sensors, software, and network connectivity, interact and exchange data over the internet, allowing for remote monitoring and control. IoT nodes and gateways play crucial roles in the network architecture of these devices, facilitating data collection, communication, and coordination among various systems. Statistics Canada reported that the adoption of Internet-connected smart devices, such as smart home gadgets, grew from 42% in 2020 to 47% in 2022, with smart speakers being the most popular choice at 30%. Therefore, the increasing use of connected smart devices contributes significantly to the growth of the IoT node and gateway market.

Technological advancement emerges as a prominent trend in the IoT node and gateway market, with major companies concentrating on developing innovative technological solutions to meet consumer demands and enhance their market position. ADB SAFEGATE, a US-based provider of integrated solutions, exemplifies this trend by launching LINC Node, a Gateway for Airfield Ground Lighting Infrastructure to the Internet of Things. LINC Node offers a cloud solution for sharing airfield ground information, enhancing the analysis of airport infrastructure data and alarm systems, thereby improving maintenance cycles.

Major players in the IoT node and gateway market are introducing low-power modules to address the needs of customers seeking energy-efficient, long-range capabilities for IoT applications. Laird Connectivity, a US-based company specializing in wireless product testing, launched the RM126x series of LoRaWAN modules in May 2023. These modules provide a low-power, long-range wireless communication solution for challenging RF applications, operating in both hosted and hostless modes and certified for use in various regions.

In January 2023, Semtech Corporation, a US-based supplier of analog and mixed-signal semiconductors, acquired Sierra Wireless for $1.2 billion. This strategic move aimed to create a comprehensive IoT platform by leveraging the strengths of LoRa and cellular technologies. Sierra Wireless, a Canada-based wireless communications equipment designer, offers the IoT Gateway series catering to diverse industries.

Major companies operating in the in the internet of things (iot) node and gateway market report are Dell Inc., Advantech Co. Ltd., TE Connectivity Ltd., Cisco Systems Inc., Aaeon Technology Inc., Microchip Technology Inc., Nexcom International Co. Ltd., Helium System Inc., Samsara Networks Inc., STMicroelectronics N. V., Eurotech S. P. A, Adlink Technology Inc., Mitsubishi Electric Corporation, Lantronix Inc., NXP Semiconductors N. V, The Hewlett Packard Enterprise Company, Arm Holdings plc, Intel Corporation, Huawei Technologies Co. Ltd., Texas Instruments Incorporated, Notion Labs Inc., Beep Inc., Estimote Inc., Kontron S&T AG, Moxa Inc., MultiTech Systems Inc., NimbeLink LLC, Particle Industries Inc., Red Lion Controls Inc., Rigado LLC, Sierra Wireless Inc.

North America was the largest region in the internet of things (IoT) node and gateway market in 2023. The regions covered in the internet of things (iot) node and gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the internet of things (iot) node and gateway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The internet of things (IoT) node and gateway market consist of sales of IoT node and gateway components that serve as the connection point between the sensors and intelligent devices, cloud and controllers, thus facilitating connections between different data sources and destinations. IoT node and gateway are used to facilitate communication with legacy or non-internet connected devices, data caching, buffering and streaming, pre-processing, cleansing, filtering, and optimization, data visualization, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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