The Internet Of Things (IoT) Node And Gateway Global Market Report 2023 by The Business Research Company, provides internet of things (IoT) node and gateway market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Internet Of Things (IoT) Node And Gateway Global Market Report 2023, the market size will grow from $10.2 billion in 2022 to $13.54 billion in 2023 at a compound annual growth rate (CAGR) of 32.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the internet of things (IoT) node and gateway is expected to grow to $38.18 billion in 2027 at a CAGR of 29.6%.
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.
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The internet of things (IoT) node and gateway market 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
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.
The internet of things (IoT) node and gateway market report table of contents includes:
1. Executive Summary
2. Internet of Things (IoT) Node and Gateway Market Characteristics
3. Internet of Things (IoT) Node and Gateway Market Trends And Strategies
4. Internet of Things (IoT) Node and Gateway Market – Macro Economic Scenario
5. Internet of Things (IoT) Node and Gateway Market Size And Growth
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26. Africa Internet of Things (IoT) Node and Gateway Market
27. Internet of Things (IoT) Node and Gateway Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Internet of Things (IoT) Node and Gateway Market
29. Internet of Things (IoT) Node and Gateway Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Dell
- Advantech Co. Ltd
- TE Connectivity
- Cisco Systems Inc
- Aaeon Technology Inc
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