IoT Node and Gateway Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2030

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IoT Node and Gateway Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 – 2030

Status : March, 2023 | Semiconductor & Electronics

Report Digest

IoT Node and Gateway Market: Overview

The IoT node and gateway market have been estimated to experience significant growth opportunities in the upcoming years. This increasing market growth is attributed to the rising market for connected devices, increasing use of wireless smart networks and sensors, and the emergence of 5G technology. Further, the growing need for data centers because of the increasing adoption of various cloud platforms is predicted to contribute to market growth in the forthcoming years.

IoT comes up with tremendous potential due to its increasing adoption rate in different end-use applications such as retail, healthcare, and wearable. However, the security and privacy of the data serve as the major constraints in the market growth. A significant increase in the number of connected devices has led to the growing adoption of the IoT in different end-use applications. This has further resulted in the generation of a huge amount of data. Cybercriminals can hack into the systems and use data of someone’s car insurance, track the behavior of any company’s strategies, and evaluate the health status of a person. Owing to these factors, the IoT node, and gateway market has been anticipated to experience various constraints in the growth.

IoT Node and Gateway Market: Key Trends

In the developed regions, for example, Europe and North America, there has been a significant increase in the penetration rate of internet connectivity during the past 10-15 years. The upcoming launch of 5G or the fifth generation of cellular mobile communications has been anticipated to put a positive impact on the IoT node and gateway market. This market growth is primarily driven by the improved performance and reliability of the connected devices. 5G is likely to address the requirement for a faster network that comes with a higher capacity to serve connectivity needs. 5G spectrum has been predicted to expand the frequencies to transfer data on digital cellular technologies.

The commercial success of the IoT is closely linked to its performance quality that is dependent on its capacity to establish communication with various other IoT tablets, smartphones, software, and devices. The data transfer speeds are estimated to increase with the 5G networks as it is ten times faster than the current LTE networks.

Manufacturing, agriculture, transportation, and other physical industries are expected to experience a significant increase in job growth with the assistance of the 5G networks.

IoT Node and Gateway Market: Competitive Dynamics and Key Developments

The key players operating in the IoT node and gateway market have been incorporating various strategies to bolster growth prospects in the forthcoming years. Collaborations, product approvals, mergers, acquisitions, partnerships, and novel product launches are some of the major strategies that are incorporated by the key companies to create expansion avenues in the market.

For instance, Intel Corporation has launched the novel 3rd Generation Intel Xeon scalable processors that are combined with the portfolio of Intel.

Some prominent players in the global IoT node and gateway market include:

  • Intel Corporation
  • NXP Semiconductor N.V.
  • Cisco Systems, Inc.
  • TE Connectivity Ltd.
  • Dell Technologies
  • Samsara Networks Inc.
  • Nexcom International Co. Ltd.
  • Eurotech S.P.A
  • Mitsubishi Electric Corporation

IoT Node and Gateway Market: Regional Assessment 

The IoT node and gateway market are spread across different geographical locations around the world including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these, the Asia Pacific region is anticipated to register significant growth in the market. This market growth is on the back of increasing penetration of internet connectivity across residential as well as commercial spaces. Further, improving IT infrastructure, increasing disposable income, and a broad consumer base are some of the significant drivers to fuel growth avenues in the IoT node and gateway market. Further, the growing trend of industrial automation and the adoption of different cloud-based services are also fueling the growth prospects in the market.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?