The IoT Node and Gateway Market is expected to grow from USD 387.1 billion in 2020 to USD 563.7 billion by 2026 at a CAGR of 6.5% from 2020 to 2026.
An IoT node and gateway device and software performs vital tasks in areas such as security and filtering of data and processing, connecting devices, protocol conversion, and others. As various peripheral systems include controllers, devices, sensors and cloud, it acts as intersection for them. Therefore, extra security, storage and processing services to the end nodes is offering at power efficient and cost-effective level by the usage of IoT node and gateway. Furthermore, various communication technologies are used to allow nodes to talk to each other within the network. The global IoT node and gateway market is projected to witness a significant growth in the forecast period from as there lies enormous growth potential in its end-use applications such as BFSI, defense, retail, and aerospace. The rising IP address space, enhanced security provided by IPv6 and improvements in internet connectivity worldwide are some of the propellers of the growth of the global IoT node and gateway market. The increasing initiatives by governments and development in the IT infrastructure, particularly in developing economies such as Brazil, China and India is also one of the key factors favoring the growth of this market. The increased usage of wireless sensors, rise in application specific microcontroller units and better internet connectivity shall fuel the growth of the global IoT node and gateway market in the years to come. Furthermore, the rising shipment of logics devices on account of the increasing adoption of wearable devices by the tech savvy consumers of today has fueled the growth of this market. Wearable technology has obtained significant traction in the recent times in countries such as China, Brazil and India and is boosting the growth prospects of the overall IoT node and gateway market. In addition to this, the internet penetration along with the increasing use of smartphones and tablets enables online payments and this factor will help to propel the IoT node and gateway market over the forecast period. Moreover, the healthcare and building automation also commands substantial market share in the IoT node and gateway market. However, the concerns about the security and privacy of user data will restrain the market growth.
Furthermore, the governments around the world are supporting and investing research and development of IoT to fuel their productivity. Governments of various countries are seeking for enhancements and innovation in key areas such as energy conservation through smart meters, smart traffic management systems, and security system improvements through smart cameras, thus creating opportunities for the market.
The global IoT Node and Gateway Market is segregated on the basis of component as Industrial Sensors, Industrial Robots, Industrial 3D Printers and Machine Vision Systems. Based on Solution the global IoT Node and Gateway Market is segmented in Manufacturing Execution System (MES), Plant Asset Management (PAM), SCADA, Industrial Safety and Others. Based on Industry Vertical the global IoT Node and Gateway Market is segmented in Automotive, Semiconductor & Electronics, Chemicals & Pharmaceuticals, Food & Beverages, Oil & Gas, Aerospace & Defense, Medical Devices and Others.
The global IoT Node and Gateway Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The IoT Node and Gateway Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Aaeon Technology Inc., Adlink Technology Inc., Advantech Co. Ltd., Beep Inc., Cisco Systems Inc. and others are among the major players in the global IoT Node and Gateway Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global IoT Node and Gateway Market has been segmented as below:
IoT Node and Gateway Market, By Connectivity
IoT Node and Gateway Market, By Hardware
IoT Node and Gateway Market, By End users
IoT Node and Gateway Market, By Region
IoT Node and Gateway Market, By Company
The report covers the below scope:
Comprehensive company profiles of the key industry players
The years considered for the study are as follows:
Report Scope:
The global IoT Node and Gateway Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global IoT Node and Gateway Market share. Major industry players with significant revenue share include Aaeon Technology Inc., Adlink Technology Inc., Advantech Co. Ltd., Beep Inc., Cisco Systems Inc. and others.
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Target Audience:
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. IoT Node and Gateway Market, By Connectivity
5.1. Key Points
5.2. Bluetooth
5.3. Wi-fi
5.4. Ethernet
5.5. Z-Wave
5.6. ZigBee
5.7. others
6. IoT Node and Gateway Market, By Hardware
6.1. Key Points
6.2. Connectivity IC
6.3. Processors
6.4. Sensors
6.5. Logic Devices
6.6. Memory Devices
7. IoT Node and Gateway Market, By End users
7.1. Key Points
7.2. Consumer Electronics
7.3. Oil & Gas
7.4. Agriculture
7.5. Automotive
7.6. BFSI
7.7. Transportation
7.8. Healthcare
7.9. Aerospace & Defense
7.10. Retail
7.11. Others
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- IoT Node and Gateway Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Aaeon Technology Inc.
9.2. Adlink Technology Inc.
9.3. Advantech Co. Ltd.
9.4. Beep Inc.
9.5. Cisco Systems Inc.
9.6. Dell Technologies
9.7. Estimote Inc.
9.8. Eutotech S.p.A.
9.9. Helium Systems Inc.
9.10. Hewlett Packard Enterprise Co.
9.11. Huawei Technologies Co. Ltd.
9.12. Intel Corporation
9.13. Microchip Technology Inc.
9.14. Nexcom International Co. Ltd
9.15. Notion
9.16. NXP Semiconductors N.V.
IoT Node and Gateway Market, By Connectivity
IoT Node and Gateway Market, By Hardware
IoT Node and Gateway Market, By End users
IoT Node and Gateway Market, By Company