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.
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.
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.
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.
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.