IOT Node and Gateway Market by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022-2028
IoT Node and Gateway Market size is projected to reach USD 535.58 Million by 2028 from an estimated USD 391.72 Million in 2021, growing at a CAGR of 4.57% globally.
The Internet of Things is a new emerging trend in smart devices which are largely associated with the daily tasks of a huge population around the world. Such devices are generally cloud-based controllers and intelligent sensors. Cloud connectivity allows IoT devices to run seamlessly with quick and secure data transfer and storage. An IoT Gateway is a connection point between cloud and intelligent gadgets, sensors, and controllers which can be in a physical unit or software program. An IoT gateway consists dedicated hardware appliance or software program which allows all data moving between IoT devices and cloud runs through an IoT gateway which can be stated as an intelligent controlling gateway. IoT gateway work as a network router between IoT devices and the cloud. One of the main features of IoT gateway is to handle both inbound and outbound traffic from IoT devices to the cloud. Most of the gateway only sent traffic in one direction.
The latest research on the Global IOT Node and Gateway Market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global IOT Node and Gateway industry, considering all significant industry trends, market dynamics, and competitive landscape. In addition, the analysis includes critical information on the IOT Node and Gateway Market status of the main market players, major trends, and future market development opportunities. These research papers are designed to help readers find information and make decisions that will help them grow their business. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Key Industry Players in IOT Node and Gateway Market:
• Intel Corporation
• Huawei Technologies Co Ltd.
• NXP Semiconductor N.V.
• Texas Instruments Incorporated
• Cisco Systems Inc.
• Hewlett Packard Enterprise
• TE Connectivity Ltd.
• Advantech Co. Ltd.
• Dell Technologies
• Microchip Technology Inc.
• Notion
• Helium System Inc.
• Samsara Networks Inc.
• Beep Inc.
• Estimote Inc.
• Aaeon Technology Inc.
• Nexcom International Co. Ltd.
• STMicroelectronics N.V.
• Eurotech S.P.A
• Adlink Technology Inc.
• Volansys Technologies
• Embitel Technologies
• Mitsubishi Electric Corporation
• Lantronix Inc.
• Cradlepoint Inc and other major players.
An increase in cases of COVID-19 across the globe is resulting in an economic slowdown. Developed countries are strongly affected by the pandemic. COVID-19 has a negative impact on the IoT node and gateway market, as companies are decreasing their investment in new technologies and services to sustain themselves in the competitive market. The market is expected to expand in the next few years, as companies start increasing revenues to recover from the economic downturn associated with COVID-19.
Segmentation Analysis Includes,
By Region: • North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Key benefits:
• This study presents the analytical depiction of the global IoT node and gateway industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global IoT node and gateway market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global IoT node and gateway market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The IoT node and gateway market overview suggest that the North American region will dominate the market. Countries such as the US and Canada are influencing the market due to the presence of various key players. The growing technological advancements and awareness are improving the IoT Node and Gateway Market growth. However, the AsiaPacific region will also have a significant CAGR during the forecast period. In this way, the global market of IoT gateway devices will develop the market in the upcoming period.
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There are various factors that the driving the IoT Node and Gateway Market growth at a significant rate. Especially, the rising demand for advanced technology for better communication is propelling the market. Also, the use of biometric applications is improving the IoT node and gateway market. The uses of wireless technology such as Bluetooth, memory devices, sensors, Wi-Fi are driving the market at an exponential rate.
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