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What is an IoT Node and Gateway and Why is it so Important for the Success of IoT Projects 2022?

Market Overview:

IoT Node and Gateway Market size is projected to reach USD 535.58 Million by 2028 from an estimated USD 391.72 Million in 2021, growing at a CAGR of 4.57% globally.

IOT Node And Gateway IoT node and gateway device performs tasks such as security and filtering of data and processing, connecting devices, protocol conversion, and others. The Internet of things (IoT) gateway is a physical device that serves as the connection point between the cloud and controllers, sensors, and intelligent devices. IoT nodes and gateway devices include devices, controllers, sensors, and the cloud; it acts as a junction for them. The use of IoT nodes and gateway provides additional security, storage, and processing services to the end nodes at a power-efficient and cost-effective level. Moreover, various communication technologies are used in nodes to talk to each other within the network.

Market Dynamics and Factors:

The IoT node and gateway market are growing due to the increasing usage of wireless sensors and their networks. Over the last decade, there is an expansion in internet connectivity is responsible for expanding the market of connected devices. This expansion of the internet sector is giving a boost to the market. Moreover, increase in the adoption of wearable devices like smart watches, smart bands, glasses, rings, and the use of Wi-Fi technology for easy connectivity. Rising initiatives and investments by the government in the automation sector are helping the growth of the market. For instance, the Government of India decided to provide approximately USD 2 billion in funding and size USD 660 billion in unique technologies for 5G and IoT.

IoT Node and Gateway Market Report Highlight:

·        By hardware, the connectivity IC segment is expected to have the maximum market share in IoT nodes and gateway during the projected period. Connectivity ICs are essential for Wi-Fi technology and the increasing use of Wi-Fi in devices is propelling the growth of the market.

·        By End-User, the consumer electronics segment is predicted to expand the most in the IoT node and gateway market during the forecast year. Consumer electronics have a large consumer base with the highest product variety in the market hence; these segments have a large contribution to the IoT node and gateway market.

·        By region, Asia Pacific is expected to dominate the IoT node and gateway market, during the projected period. Penetration of the net in different industries throughout the region supports the growth of the IoT node and gateway market in the Asia Pacific.

Key Industry Development:

·        In April 2021, Intel Corporation introduced new 3rd Generation Intel Xeon Scalable processors which combined with Intel’s range of Intel Optane persistent memory and storage, Ethernet adapters, FPGAs, and enhanced software solutions.

·        In February 2021, Hewlett Packard Enterprise (HPE) announced the HPE Open RAN Solution Stack to enable the commercial deployment of Open RAN at scale in global 5G networks.

IoT Node and Gateway Market Segmentation:

By Hardware

·        Processor

·        Connectivity IC

·        Sensor

·        Memory Device

·        Logic Device

 By End-User

·        Consumer electronics

·        BFSI

·        Healthcare

·        Wearable devices

·        Others

For this report, Introspective Market Research has segmented the IoT Node and Gateway Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Turkey
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Vietnam
  • Thailand
  • Rest of Asia-Pacific
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Iran
  • Rest of MEA
  • Latin America
  • Brazil
  • Argentina
  • Rest of LATAM

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Scope of the IoT Node and Gateway:

The objective of the research is to provide the market knowledge and strategic insights to assist decision-makers in making informed investment decisions and identifying potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast numbers for important regions covered in the research, as well as classified and well-known Types and end-use industries. IoT Node and Gateway Market study explores the competitive landscape of the global market.

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