For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034.
How does the forecasted CAGR of the internet of things (iot) node and gateway industry compare to other sectors?
The internet of things (IoT) node and gateway market size has grown exponentially in recent years. It will grow from $16.51 billion in 2024 to $21.23 billion in 2025 at a compound annual growth rate (CAGR) of 28.6%. The growth in the historic period can be attributed to proliferation of iot applications across industries, advancements in sensor technologies, growing connectivity and network infrastructure, increasing adoption of smart devices, rise in data analytics and cloud computing.
The internet of things (IoT) node and gateway market size is expected to see exponential growth in the next few years. It will grow to $63.29 billion in 2029 at a compound annual growth rate (CAGR) of 31.4%. The growth in the forecast period can be attributed to expansion of 5g networks for iot connectivity, integration of edge computing in iot architectures, growth in industrial iot (iiot) deployments, development of low-power wide-area networks (lpwan), rising demand for secure iot connectivity solutions. Major trends in the forecast period include edge intelligence and processing in iot nodes, adoption of artificial intelligence (AI) in iot devices, focus on energy-efficient iot nodes and gateways, convergence of iot with blockchain technology, implementation of standardized iot protocols for interoperability.
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What market trends are acting as primary growth drivers for the internet of things (iot) node and gateway sector?
The emergence of 5G technology is expected to propel the growth of the IoT node and gateway market in the forecast period. 5G enables more stable and faster secure connectivity. 5G’s enhanced bandwidth enables more data to be transferred in a given amount of time, and its decreased latency lets data reach its destination faster. These networks provide increased coverage, which supports multiple network topologies, allowing IoT nodes and gateways to communicate easily. For instance, In September 2024, IoT Analytics GmbH, a Germany-based NGO, reported that the number of connected IoT devices reached 16.6 billion by the end of 2023, marking a 15% increase from the previous year. The organization projects a further 13% growth, bringing the total to 18.8 billion by the end of 2024. Furthermore, the number of connected IoT devices is expected to soar to 40 billion by 2030, reflecting a substantial rise since the last market update in 2023. Therefore, the emergence of 5G technology propels the IoT node and gateway market growth.
What are the fastest-growing segments in the internet of things (iot) node and gateway market forecast period?
The internet of things (IoT) node and gateway market covered in this report is segmented –
1) By Component: Sensors, Processor, Connectivity IC, Logic Devices, Memory Devices
2) By Connectivity: Ethernet, Wi-Fi, Bluetooth, Zigbee, Z-Wave, Other Connectivities
3) By Application: Healthcare, Automotive And Transportation, Consumer Electronics, Industrial, BFSI, Oil And Gas, Aerospace And Defense, Other Applications
4) By End User: Industrial, Consumer
Subsegments:
1) By Sensors: Temperature Sensors, Pressure Sensors, Proximity Sensors, Motion Sensors, Environmental Sensors
2) By Processor: Microcontrollers (MCUs), Microprocessors, Application Processors
3) By Connectivity IC: Wi-Fi Modules, Bluetooth Modules, Zigbee Modules, Cellular Modules, LoRa Modules
4) By Logic Devices: FPGAs (Field-Programmable Gate Arrays), ASICs (Application-Specific Integrated Circuits)
5) By Memory Devices: RAM (Random Access Memory), Flash Memory, EEPROM (Electrically Erasable Programmable Read-Only Memory)
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What are the key trends shaping the internet of things (iot) node and gateway market in the forecast period?
Technological advancement is a key trend gaining popularity in the IoT node and gateway market. Major companies operating in the IoT node and gateway sector are focused on developing a new technological solution for IoT nodes and gateway to meet consumer demand and strengthen their position. For instance, in March 2022, ADB SAFEGATE, a US-based provides integrated solutions, launched LINC Node, a Gateway for Airfield Ground Lighting Infrastructure to the Internet of Things. LINC Node offers a cloud solution that allows airfield ground information sharing and improves the potential to analyze the airport infrastructure, data, and alarm system which enhances the maintenance cycle.
Which major players hold significant market share in the internet of things (iot) node and gateway sector?
Major companies operating in the internet of things (IoT) node and gateway market include Dell Inc., Advantech Co. Ltd., TE Connectivity Ltd., Cisco Systems Inc., Aaeon Technology Inc., Microchip Technology Inc., Nexcom International Co. Ltd., Helium System Inc., Samsara Networks Inc., STMicroelectronics N. V., Eurotech S. P. A, Adlink Technology Inc., Mitsubishi Electric Corporation, Lantronix Inc., NXP Semiconductors N. V, The Hewlett Packard Enterprise Company, Arm Holdings plc, Intel Corporation, Huawei Technologies Co. Ltd., Texas Instruments Incorporated, Notion Labs Inc., Beep Inc., Estimote Inc., Kontron S&T AG, Moxa Inc., MultiTech Systems Inc., NimbeLink LLC, Particle Industries Inc., Red Lion Controls Inc., Rigado LLC, Sierra Wireless Inc.
Which regional segments are forecasted to witness the fastest growth in the internet of things (iot) node and gateway market?
North America was the largest region in the internet of things (IoT) node and gateway market in 2024. The regions covered in the internet of things (IoT) node and gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
How Can Companies Use The Internet of Things (IoT) Node and Gateway Market Report to Drive Business Results?
This report provides actionable insights tailored for business use—not academic analysis. Companies can leverage the data to:
• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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