IOT Node and Gateway Market: Know Major Reasons for Rise in Recent Period by Top Companies like Hewlett Packard Enterprise, Huawei Investment & Holding, Intel Corporation, Microchip Technology, NXP Semiconductors N.V., Nexcom International, Notion, Samsar
The Global IOT Node and Gateway Market was thriving with USD 3.5 billion and is expected to grow at a CAGR of 31.0% during the forecast period of 2018 to 2024.
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Some of the major players operating in IOT node and gateway market are: Aaeon Technology Inc., Adlink Technology Inc., Advantech Co., Ltd., Beep Inc., Cisco Systems Inc., Dell Inc., Estimote Inc., Eurotech S.P.A, Helium Systems Inc., Hewlett Packard Enterprise Co., Huawei Investment & Holding Co., Ltd., Intel Corporation, Microchip Technology Inc., NXP Semiconductors N.V., Nexcom International Co., Ltd., Notion, Samsara Networks Inc., Stmicroelectronics N.V., TE Connectivity Ltd., Texas Instruments Incorporated among others. In 2017, NXP Semiconductor N.V., partners with Amazon Web service to successfully complete the integration of Amazon Greengrass on its Layerscape Intelligent Gateway platform.
IOT Node and Gateway Market are highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
· On the basis of hardware the IOT node and gateway market is segmented into Processor, Sensors, Connectivity IC, Memory Devices, and Logic Devices. The memory devices market is expected to grow in the forecasted period.
· On the basis of application the IOT node and gateway market is segmented into Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, Retail, Banking, Financial Services, and Insurance (BFSI, Oil & Gas, Agriculture, Aerospace and Defense, Others. The Oil & Gas market is expected to grow in the forecasted period.
· On the basis of geography, IOT node and gateway market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Major Market Drivers and Restraints:
· Availability of Internet Connectivity
· Growth in use of wireless sensors
· Increased IP address space and better security solution through IPV6
· Growing Market of Connected Devices
· Concerns regarding the security and privacy of the user data
Reasons to Purchase this Report
· Current and future of global IOT Node and Gateway market outlook in the developed and emerging markets
· The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
· Regions/countries that are expected to witness the fastest growth rates during the forecast period
· The latest developments, market shares, and strategies that are employed by the major market players
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