IoT Node & Gateway Market by Component (Hardware, Software), Connectivity (Wired, Wireless), Deployment Model, End-Use Application - Global Forecast 2024-2030

IoT Node & Gateway Market by Component (Hardware, Software), Connectivity (Wired, Wireless), Deployment Model, End-Use Application - Global Forecast 2024-2030

The IoT Node & Gateway Market size was estimated at USD 376.40 billion in 2023 and expected to reach USD 422.70 billion in 2024, at a CAGR 12.71% to reach USD 870.27 billion by 2030.

An IoT Node is a small electronic device embedded within a physical object that can connect to the Internet, enabling the object to collect and exchange data. It typically includes sensors, processors, and communication hardware. On the other hand, an IoT Gateway acts as a bridge between IoT nodes and the cloud. It aggregates data from nodes, translates different communication protocols, processes data, and forwards it to the cloud for more extensive analysis or storage. The prime drivers include the increasing adoption of IoT in various sectors, the rising demand for connected devices, the need for efficient data processing at the edge, and the development of wireless networking technologies. However, restraints include concerns regarding data privacy and security, the complexity of interoperability among IoT devices, and the technical difficulties in managing and installing IoT nodes and gateways. Challenges include the necessity to maintain the robustness of IoT networks and the requirement for substantial power management to ensure the longevity of nodes. Significant opportunities include the development of smart cities, the expansion of smart infrastructure, the adoption of home and industrial automation, and the potential integration with next-generation 5G networks, which can optimize broadband capabilities and enable real-time analytics.

Regional Insights

The global market for IoT nodes and gateways is witnessing rapid growth, attributed to the technological advancements, significant investments, and diverse applications across different regions. The Americas market witnesses robust growth due to high-tech adoption, substantial R&D investments, and a well-established tech ecosystem. Consumers and industries prioritize using IoT for smart homes, industrial automation, and healthcare, fueling market expansion in the region. The Asia-Pacific’s market surge is propelled by government initiatives, including China’s Internet Plus and India’s Digital India, promoting IoT adoption in both consumer and industrial sectors. The region's population shows a strong interest in smart home devices, enhancing production efficiency. Moreover, the availability of cost-efficient raw materials and workforce attract global players to invest in the region. In the EMEA region, the European Union is a significant contributor to market growth, with investments in smart cities, industrial IoT, and connected vehicles. The Middle East's IoT nodes and gateways market is expanding, focusing on smart city projects and industrial IoT, driven by countries, including the UAE and Saudi Arabia, that are investing to diversify their economies. In addition, Africa’s market shows potential, with gradual investments targeting agriculture, healthcare, and infrastructure improvements, though widespread adoption faces economic and technological obstacles.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the IoT Node & Gateway Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Increasing demand for of IoT powered consumer goods
Government initiatives and policies favoring IoT implementation

Market Restraints

High cost and technical limitations associated with IoT nodes and gateways

Market Opportunities

Technological advancements in IoT nodes and gateways
Proliferation in smart city initiatives with higher utilization of IoT technological solutions

Market Challenges

Concerns associated with privacy and security of user data

Market Segmentation Analysis

Component: Rising significance of scalable software for sophisticated data analysis and robust cloud integrations
End-Use Application: Growing demand for energy efficient IoT nodes and gateways in consumer electronics

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the IoT Node & Gateway Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the IoT Node & Gateway Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Robustel Unveils Cost-Effective R1520LG LoRaWAN Gateway for Enhanced IoT Connectivity

Robustel has launched the R1520LG LoRaWAN Gateway, aimed at transforming IoT connectivity with its blend of advanced features and cost-effective pricing. The R1520LG is designed for seamless integration into various environments, offering a robust solution for industrial settings, smart cities, and beyond. Key features include Chirpstack LNS and modbus to Cloud integration, facilitating efficient data transmission and management. The gateway provides extensive connectivity options with its 4G cellular backhaul and built-in WiFi equipped with an AP function, ensuring reliable connections even in remote areas.

Cassia Networks Expands Its IoT Gateway Portfolio with Wirepas Mesh Support

Cassia Networks Inc. has launched a new series of gateways featuring Wirepas Mesh support: X2000-WP, ATX2000-WP, and E1000-WP. These gateways are now available globally in over 35 countries, reflecting Cassia's extensive reach and multiple certifications tailored to diverse customer requirements. By integrating Wirepas Mesh, Cassia Networks aims to cater to the rapidly growing demand from users of Wirepas Mesh-equipped IoT devices.

The IZAR IoT Gateway Premium by Diehl Metering to Transform Smart Metering and Smart Cities

Diehl Metering has launched the IZAR IoT Gateway Premium, a new outdoor IoT gateway. This innovative device integrates mioty, LoRaWAN, and M-Bus OMS radio technologies, offering a unified infrastructure that simplifies operations for smart metering and smart city initiatives. The IZAR IoT Gateway Premium addresses the complexities of managing multiple connectivity standards by providing a single, interoperable solution. Its exceptional radio range of up to 11 km ensures reliable coverage over large areas, while its scalability supports up to 100,000 transmitting devices, reducing the need for multiple gateways and lowering the overall cost of ownership.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the IoT Node & Gateway Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the IoT Node & Gateway Market, highlighting leading vendors and their innovative profiles. These include Adlink Technology Inc., Cassia Networks, Dell Technologies Inc., Diehl Group, Embitel Technologies, Eurotech S.p.A., Helium Inc., Intel Corporation, Lacuna Space Ltd., Lantronix, Inc., Milesight Technology, Mitsubishi Electric Corporation, Nexcom International Co., Ltd., NXP Semiconductors N.V., Renesas Electronics Corporation, Robustel, STMicroelectronics N.V., Telefonaktiebolaget LM Ericsson, Teltonika Networks, and Volansys Technologies.

Market Segmentation & Coverage

This research report categorizes the IoT Node & Gateway Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Hardware
Connectivity ICs
Memory Devices
Processors
Sensors
Software
Data Management
Network Bandwidth Management
Remote Monitoring
Security Solutions
Connectivity
Wired
Bluetooth
Cellular (2G, 3G, 4G, and upcoming 5G)
LPWAN
Wi-Fi
Z-Wave
Zigbee
Wireless
Ethernet
Industrial Protocols
Deployment Model
Hybrid
On-Cloud
On-premises
End-Use Application
Consumer
Consumer Electronics
Wearable Devices
Industrial
Aerospace & Defense
Agriculture
Automotive & Transportation
BFSI
Building Automation
Healthcare
Oil & Gas
Retail & Consumer Goods
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year