The global IoT node and gateway market is anticipated to witness a huge growth in the forecast period from 2017 to 2023 as there lies huge growth potential in its end-use applications such as BFSI, defense,aerospace and retail. The rising IP address space, enhanced security offered by IPv6, and enhancement in internet connectivity worldwide are the key driving factors of the growth of the global IoT node and gateway market. The increasing initiatives by governments and improvement in the IT infrastructure, specifically in emerging economies such as Brazil, China,Japan and India are some of the other factors supporting the growth of this market. The growth in application-specific microcontroller units, improved usage of wireless sensors, and enhanced internet connectivity will enhance the growth of the global IoT node and gateway market in the forecast period.
The global IoT Node and Gateway market has be categorized into hardware, application and regions. Based on the hardware the market has been segmented into processor, sensor, connectivity IC, logic device and memory devices. Applications segment has be catogorized into healthcare, wearable devices, automotive & transportation, industrial, building automation, consumer electronics, retail, BFSI, agriculture, aerospace & defense, and oil & gas.
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The major factors driving the IoT Node and gateway market are the development in internet connectivity, increase in the usage of wireless sensors and its networks, growing application specific MCUs and flexible Soc-Type Designs, Increased Ip address space and better security solutions via IPV6 and rise in the connected devices market. Serious concerns regarding the security and privacy of the user data. are major factors that may hinder the progress of the IoT Node and Gateway market in the near future. Additionally the growing opportunities for the cross-domain collaborations, emerging smart cities and government funding in research and development and innovation related to IoT are some of the major growth opportunities for the IoT Node and Gateway market players.
Geographically, the IoT Node and Gateway market has been bifurcated into five regions North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The IoT Node and Gateway market size and forecast period for each region has been estimated from 2017 to 2023. Additionally the CAGR (%) for the forecasted period 2017 to 2023. The study also includes market estimates for major countries/regions such as the U.S, the U.K., Germany, France, Japan, China, India, GCC, North Africa, South Africa and Brazil. The detailed analysis by hardware, application, and regions supports in evaluating the present scenario, growth prospects and the future scenario for the IoT Node and Gateway market over the forecast period. Thus, the report delivers in-depth segment analysis of the market and classifies it into various industries, thereby providing valuable perceptions.
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The rising in the usage of wireless sensors and its network is anticipated to drive the APAC market for IoT node and gateway in the future years. The major companies that are involved in IoT Node and Gateway are Intel Corporation, NXP Semiconductors N.V., Huawei Investment & Holding Co., Ltd., Texas Instruments Incorporated, Cisco Systems Inc., TE Connectivity Ltd., Hewlett Packard Enterprise Co., Advantech Co., Ltd., Dell Inc., Notion, Microchip Tehcnology Inc., Samsara Networks Inc., Helium Sysytem Inc., Beep Inc., and Estimote Inc.