Internet of Things (IoT) Node and Gateway

Global Internet of Things (IoT) Node and Gateway Market to Reach US$818.4 Billion by 2030

The global market for Internet of Things (IoT) Node and Gateway estimated at US$568.8 Billion in the year 2023, is expected to reach US$818.4 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030. Connectivity IC, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$305.7 Billion by the end of the analysis period. Growth in the Processor segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$154.9 Billion While China is Forecast to Grow at 4.9% CAGR

The Internet of Things (IoT) Node and Gateway market in the U.S. is estimated at US$154.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$126.7 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.2% and 4.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

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.

Select Competitors (Total 37 Featured) -

• 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

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