DUBLIN–(BUSINESS WIRE)–The “IoT Node and Gateway Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” report has been added to ResearchAndMarkets.com’s offering.
Global IoT Node and Gateway Market was valued at USD 672.11 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 15.19% through 2028.
IoT Node and Gateway are integral components of the Internet of Things (IoT) ecosystem, playing essential roles in enabling the seamless flow of data between connected devices and the broader network infrastructure.
IoT Node: An IoT Node is a fundamental building block of IoT systems. It represents individual devices or sensors within an IoT network. These nodes are responsible for sensing, collecting, and transmitting data from the physical world to the network. IoT nodes can include a wide variety of devices, such as temperature sensors, motion detectors, cameras, or even entire machines and appliances. They are often equipped with communication capabilities to transmit data wirelessly to a central point, which is typically an IoT Gateway or directly to the cloud. IoT nodes are characterized by their ability to sense and monitor the environment, capture data, and often have low-power consumption to extend battery life.
IoT Gateway: An IoT Gateway, also known as a bridge or edge gateway, acts as an intermediary between IoT nodes and the broader network, typically the internet or a private network. Gateways play a critical role in aggregating, processing, and forwarding data from multiple IoT nodes. They are responsible for data filtering, protocol translation, and sometimes even local data processing to reduce latency and improve efficiency. IoT Gateways are particularly valuable in scenarios where a large number of IoT nodes are dispersed across a wide area and need to communicate with centralized systems. They ensure that data from diverse IoT nodes is efficiently transmitted to cloud platforms or data centers for analysis and decision-making.
In essence, IoT Nodes are the data sources, while IoT Gateways are the intelligent bridges that facilitate the flow of data, enabling the IoT ecosystem to function effectively and deliver valuable insights and automation.
Key Attributes:
Report Attribute | Details |
No. of Pages | 192 |
Forecast Period | 2023 – 2028 |
Estimated Market Value (USD) in 2023 | $672.11 Million |
Forecasted Market Value (USD) by 2028 | $1584.24 Million |
Compound Annual Growth Rate | 15.1% |
Regions Covered | Global |
Key Market Drivers
Proliferation of IoT Devices:
- IoT devices generate vast amounts of data in various industries.
- Nodes and gateways are essential for collecting, processing, and transmitting IoT data.
- Industries like manufacturing, agriculture, healthcare, and smart cities deploy IoT devices at scale.
- Demand for nodes and gateways grows as more devices connect to the IoT ecosystem.
Growing Demand for Edge Computing:
- Edge computing reduces latency and enables real-time decision-making.
- IoT nodes and gateways preprocess data locally before transmitting to the cloud.
- Valuable for applications requiring low latency, such as autonomous vehicles and industrial automation.
- Demand increases for IoT nodes and gateways with processing power and connectivity.
Industrial IoT (IIoT) Adoption:
- IIoT connects machinery, sensors, and production equipment for efficiency and predictive maintenance.
- Investment in IoT nodes and gateways leads to connected factories and supply chains.
- IIoT transforms industries, driving demand for scalable IoT connectivity solutions.
5G Network Expansion:
- 5G networks offer high bandwidth, low latency, and device density, ideal for IoT.
- IoT nodes and gateways require reliable, high-speed connectivity.
- 5G infrastructure supports IoT deployments, encouraging investment in compatible nodes and gateways.
Security and Privacy Concerns:
- IoT devices are vulnerable to cyberattacks, making security a top priority.
- Nodes and gateways incorporate security features like encryption and access controls.
- Organizations invest in secure IoT solutions to protect data and devices.
Smart Cities Initiatives:
- Global trend toward smart cities drives IoT node and gateway demand.
- Smart city projects involve IoT devices for traffic management, waste management, and more.
- IoT nodes and gateways enable connectivity and data processing in smart city applications.
- Governments invest in urban transformation, increasing demand for tailored solutions.
Government Policies are Likely to Propel the Market:
- Data Privacy and Protection Regulations: GDPR and similar laws impact data handling.
- Cybersecurity and IoT Security Guidelines: Governments issue guidelines for IoT security.
- Spectrum Allocation and Connectivity Standards: Governments regulate IoT communication protocols.
- Export Controls and Trade Regulations: Policies affect international trade of IoT hardware.
- IoT Device Certification and Testing Requirements: Devices must undergo testing and certification.
- Environmental Regulations and E-Waste Management: Policies drive eco-friendly IoT practices.
Key Market Challenges:
- Interoperability and Compatibility Issues: Heterogeneity in IoT protocols complicates integration.
- Security and Privacy Concerns: Protecting data and devices is crucial.
- Addressing these challenges requires industry-wide collaboration and standards.
Segmental Insights:
- Connectivity ICs segment plays a vital role in IoT node and gateway market.
- Connectivity ICs support various communication protocols and enhance IoT security.
- Consumer Electronics segment drives IoT adoption, offering user-friendly interfaces.
- Voice assistants, smartphones, and wearables are integral to consumer IoT.
- Widespread adoption of IoT-enabled consumer electronics supports IoT growth.
Regional Insights:
- North America leads in IoT nodes and gateways market due to early adoption.
- The United States, Canada, and Mexico are significant contributors.
- Europe follows with a strong market, driven by industries like automotive and healthcare.
- Germany, the United Kingdom, and France are key European markets.
- Germany leads in automotive and manufacturing IoT adoption.
- The United Kingdom sees growth in healthcare and manufacturing IoT.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global IoT Node and Gateway Market.
- Cisco Systems Inc
- Huawei Technologies Co., Ltd
- Intel Corporation
- IBM Corporation
- Texas Instruments Incorporated
- Advantech Co., Ltd.
- Digi International Inc.
- Schneider Electric SE
- Mitsubishi Electric Corporation
- Sierra Wireless Inc.
Report Scope:
IoT Node and Gateway Market, By Hardware:
- Processor
- Sensor
- Wired
- Wireless
- Connectivity IC
- Memory Device
IoT Node and Gateway Market, By End-User:
- BFSI
- Healthcare
- Wearable
- Consumer Electronics
- Agriculture
- Building & Automation
IoT Node and Gateway Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- Turkey
- Egypt
For more information about this report visit https://www.researchandmarkets.com/r/x2bh77
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