The “IoT Node and Gateway Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The IoT Node and Gateway Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global IoT node and gateway market size was US$ 412.3 million in 2021. The global IoT node and gateway market size is forecast to reach US$ 726.7 million by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2030.
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Controllers, sensors, and intelligent devices are connected to the cloud using Internet of Things (IoT) gateways. The node is the most important class of IoT devices. The physical object that connects to the IoT and collaborates with other nodes is known as a node. The devices that offer sensor data are those that are under cloud management. Nodes usually include heavy equipment that provides programmable operations, such as door locks, security sensors, temperature sensors, etc., or lightweight sensor devices that primarily collect status information over a pre-programmed interval. In order to reduce data transfer costs, the IoT gateway has intelligence built in to review and determine which data needs to be stored and which data needs to be transported over the network for the processing power of applications.
Factors Influencing Market Growth
The rise in usage of wireless sensors and their networks, the development of internet connectivity, and the growing market of connected devices drive the global market.
The privacy and security problems of the user data may slow down the overall market growth.
The increase in investments and initiatives by the government in the automation sector and the rise in the adoption of wearable devices are forecast to offer lucrative opportunities for the global market.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Due to workers staying at home and the inability of existing devices in various warehouses to be transported due to present rules and regulations, worldwide manufacturers have struggled to produce and assemble new IoT nodes and gateways, which has disrupted the supply chains around the world.
Production, supply chains, and demand for IoT nodes and gateways will all rise in the coming years as the situation improves following the pandemic.
Regional Analysis
The Asia Pacific region garnered a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the rising internet penetration, increased customer base, and growing disposable income. In addition, the rising adoption of cloud-based services and government policies encourage digitalization and smart-city developments.
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Leading Competitors
The leading prominent companies profiled in the global IoT node and gateway market are:
Hewlett Packard Enterprise Company
Cisco Systems, Inc.
Dell Technologies
Huawei Technologies Co. Ltd.
Advantech B+B Smartworx
ADB SAFEGATE
Samsara Networks Inc.
Eurotech
Texas Instruments Incorporated
TE Connectivity Ltd
Other Prominent Players
Scope of the Report
The global IoT node and gateway market segmentation focus on Hardware, End-User, and Region.
Segmentation based on Hardware
Processor
Connectivity IC
Sensor
Memory Device
Logic Device
Segmentation based on End-User
Consumer Electronics
Oil & Gas
Agriculture
Automotive
BFSI
Transportation
Healthcare
Aerospace & Defense
Retail
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: IoT Node and Gateway Market Size, Share, Insight, and Forecast 2022 to 2030
Meta Description: Global IoT Node and Gateway Market is projected to reach US$ 726.7 million by the end of 2030 from US$ 412.3 million in 2021, at a CAGR of 6.5%
Meta Keywords: IoT node and gateway market Size, IoT node and gateway market share, IoT node and gateway market trend, IoT node and gateway market Forecast, IoT node and gateway market insight
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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