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IoT Node and Gateway Market (Component - Processor, Connectivity IC, Sensor, Memory Device, and Logic Device; Application - Industrial, and Consumer): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : October, 2021

  • Rep Id : ICT00303

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report ongoing by Infinium Global Research on IoT node and gateway market provides in-depth analysis of segments and sub-segments in the global as well as regional IoT node and gateway market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional IoT node and gateway market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global IoT node and gateway market. According to the report, the global IoT node and gateway market is projected to grow with a robust CAGR over the forecast period of 2021-2027.

 

Market Insight

The IoT node and gateway market are expected to grow with a robust CAGR during the projection period. IoT gateway is essential because it performs numerous crucial tasks such as connecting devices, protocol conversion, security and filtering of knowledge and processing, and many others. Furthermore, it is used to enable communication with networks of multiple IoT sensors. It utilizes the deployed sensor nodes based on Bluetooth, Zwave, Zigbee, LoRA, 6LoWPAN, and WiFi protocols. Moreover, IoT node and gateway aids secure IoT using data encryption mechanisms and security certifications (SSL/TSL). It uses Trusted Platform Module (TPM) and Trusted Execution Environment (TEE) for IoT gateway device hardware security. Additionally, the IoT node and gateway technology are scalable and cost-effective, and it is easy to deploy and configure; likewise, it also provisions ramp-IP/ ramp-down of IoT sensors networks.

 

Internet penetration owing to the increasing usage of smartphones facilitates online payments is driving the global IoT node and gateway market growth. Internet of things enables interconnection among physical devices such as buildings, healthcare equipment, and vehicles with software, sensors, etc. Furthermore, the increased use of wireless sensors, growth in application-specific microcontroller units, and better internet connectivity boost the expansion of the global IoT node and gateway market. Increasing demand for automation in the land, automobiles, and healthcare industries is expected to increase IoT nodes and gateway market demand during the projection period. However, the factors that comprise the inadequacy of standards and protocols are hampering the market growth. Also, connected devices that consume high power are anticipated to restrain the global IoT node and gateway market growth during the projection period.

 

Among the geographies, the North American region is expected to hold the largest share in the global IoT node and gateway market owing to the presence of numerous key players in the region. Further, the region is also projected to dominate the global IoT node and gateway market owing to the maximum usage of the Internet of Things in this region. Automation in vehicles and healthcare has been emphasized due to increasing government initiatives and lump sum investments. These factors boost the growth trajectory of this market in the North American region. However, the Asia Pacific region is expected to grow with a substantial CAGR in the IoT node and gateway market during the forecast period. The substantial growth in infrastructure which prompt utilization of IoT node and gateway in retail, real estate, and automobile industries propel the regional growth.

 

Segment Covered

The report on global IoT node and gateway market covers segments such as component, and application. On the basis of component, the sub-markets include processor, connectivity IC, sensor, memory device, and logic device. On the basis of application, the sub-markets include industrial, and consumer.

 

IoT Node and Gateway Market


Companies Profiled:

The report provides profiles of the companies in the market such as Intel Corporation, Huawei Investment & Holding Co., Ltd., TE Connectivity Ltd., Advantech Co., Ltd., Dell Inc., NXP Semiconductors N.V., Texas Instruments Incorporated, Cisco Systems Inc., Hewlett Packard Enterprise Co., and Microchip Technology Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of IoT node and gateway market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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