IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Memory Device, Logic Device, and Sensors) and Application (Consumer Electronics, Building Automation, Industries, and Retail): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00026546 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The IoT node and gateway market is expected to cross US$ 55.29 billion in 2022 and is projected to hit US$ 72.82 billion by 2030, recording a CAGR of 14.8% during the forecast period.

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Government funding for IoT technology research and development

 

Governments all over the world are supporting and sponsoring IoT research and development in order to increase productivity. Several governments are searching for advancements and innovation in crucial sectors such as smart traffic management systems, energy saving via smart metres, and security system enhancements via smart cameras. Furthermore, several governments are sponsoring new IoT research initiatives for the future development of smart cities.

Within the report, the IoT node and gateways market is segmented into hardware, application, and geography. By hardware, the market is further segmented into the processor, connectivity IC, memory device, logic device, and sensors. Based on the application, the market is divided into consumer electronics, building automation, industries, and retail. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

IoT nodes and gateways are used to enable connection

The internet of things (IoT) node and gateway market is comprised of sales of IoT node and gateway components by entities (organizations, proprietors, partnerships) that serve as the connection point between sensors and intelligent devices, cloud, and controllers, facilitating connections between various data sources and destinations. IoT nodes and gateways are used to enable connection with legacy or non-internet connected devices, as well as for data caching, buffering, and streaming, data pre-processing, cleansing, filtering, and optimization, data visualization, and other purposes

The emergence of 5G technology

Internet penetration has expanded dramatically in industrialised nations such as North America and Europe during the last 10-15 years. The forthcoming debut of the fifth generation of cellular mobile communications, or 5G, is expected to boost the IoT business. This is partly because 5G networks will significantly improve the performance and reliability of these linked devices. 5G will meet the need for a quicker network with greater capacity to meet connection requirements. The 5G spectrum broadens the frequencies used by digital cellular technology to deliver data. This expanded spectrum makes it possible for more devices to connect to cellular networks, increasing overall bandwidth. Any IoT's economic success is ultimately connected to its performance, which is determined by how rapidly it can communicate with other IoT devices, smartphones and tablets, and software in the form of its app or website, among other things.

Recent strategic developments in the IoT node and gateway market

The IoT node and gateway market have undergone several significant developments, and a few of these have been mentioned below:

  • introduced new 3rd Generation Intel Xeon Scalable CPUs, which will be used in conjunction with Intel's portfolio of Intel Optane persistent memory and storage, Ethernet adapters, FPGAs, and optimised software solutions.
  • In Feb 2021, Huawei Technologies and China Mobile deployed the world's first 4.9 GHz commercial LampSite network in Shanghai, China. This was the first time that an aggregate bandwidth of 200 MHz on the 2.6 and 4.9 GHz bands and distributed Massive MIMO were simultaneously implemented in digital indoor networks.

The IoT node and gateway market are driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships Intel Corporation; Huawei Technologies Co., Ltd.; NXP Semiconductors; Texas Instruments Incorporated; and Cisco Systems, Inc. are among the prominent players operating in the market.

The target audience for the report:

  • Raw material providers
  • IoT node and gateway providers
  • Processor providers
  • IoT node and gateway-related service providers
  • IoT node and gateway associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • IoT node and gateway component suppliers
  • IoT node and gateway distributors and sales firms
  • End users of IoT node and gateway
  • Research institutes, organizations, and consulting companies

Scope of the report:

  • Hardware:
    • Processor
    • Connectivity IC
    • Memory Device
    • Logic Device
    • Sensors
  • Application:
    • Building Automation
    • Industries
    •  Retail
    • Consumer Electronics
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Rest of the World
  • Companies profiled
    • Intel Corporation
    • Huawei Technologies Co., Ltd.
    • NXP Semiconductors
    • Texas Instruments Incorporated
    • Cisco Systems, Inc.

Companies profiled

    • Intel Corporation
    • Huawei Technologies Co., Ltd.
    • NXP Semiconductors
    • Texas Instruments Incorporated
    • Cisco Systems, Inc.
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