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IoT Node and Gateway Market to Witness Huge Growth by Key Players: Intel Corporation, Huawei Technologies Co ltd, NXP Semiconductors N.V, Texas Instruments Incorporated, Cisco Systems Inc, Hewlett Packard Enterprise Co, TE Connectivity Ltd and Others.

05-11-2020 09:07 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

IoT Node and Gateway Market to Witness Huge Growth by Key Players:

According to Market Study Report, IoT Node and Gateway Market provides a comprehensive analysis of the IoT Node and Gateway Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry.This report also provides market landscape and market share information in the IoT Node and Gateway Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Global IoT Node and Gateway Market is estimated to grow from USD 387.1 Billion in 2020 to USD 563.7 Billion by 2026, at a CAGR of 6.5%. This report spread across 225 pages, profiling 15 companies and supported with 102 tables and 73 figures are now available in this research.

Top Key Players Profiled in the IoT Node and Gateway Market:
o Intel Corporation (US)
o Huawei Technologies Co. Ltd. (China)
o NXP Semiconductors N.V. (US)
o Texas Instruments Incorporated (US)
o Cisco Systems Inc. (US)
o Hewlett Packard Enterprise Co. (US)
o TE Connectivity Ltd (Switzerland)
o Advantech Co. Ltd (Taiwan)
o Dell Technologies (US)
o Microchip Technology Inc. (US)
o Notion (US)
o Helium Systems Inc. (US)
o Samsara Networks Inc.(US)
o Beep Inc. (US)
o Estimote Inc. (US)
o Aaeon Technology Inc. (Taiwan)
o Nexcom International Co. Ltd. (Taiwan)
o STMicroelectronics N.V. (Switzerland)
o Eurotech S.P.A (Italy)
o Adlink Technology Inc. (Taiwan)

"Consumer electronics segment of consumer end-use application is expected to hold largest market share during forecast period"
The consumer electronics segment mainly comprises smart consumer appliances. With the evolution of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost. Smart appliances, also known as intelligent appliances, have the ability to measure and control their energy usage and communicate it to homeowners and utility departments.

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"BFSI segment of industrial end-use application is projected to be fastest-growing segment during forecast period"
The growth of the BFSI segment in the IoT node and gateway market for industrial is driven by the increasing adoption of mPOS. Currently, customers use different devices for financial transactions, which allow banks to view their financial information and accordingly offer different services to them. Moreover, in case of car loans, IoT can also be used by insurers and financial institutes to collect the data related to vehicles through sensors and accordingly provide new loan schemes.

"Building automation sub segment of industrial end-use application to hold largest share of IoT node and gateway market in 2020"
The demand for more energy-efficient solutions, enhanced security, increased venture capital funding, as well as constant efforts to improve lifestyle, have led to the development of the building automation market. Building automation, which started with wired technology, has now entered the era of wireless technologies such as ZigBee, Wi-Fi, and Bluetooth. The Internet of Things (IoT) emphasizes the development of an integrated building automation system.

"Europe is expected to hold second-largest share of IoT node and gateway market in 2020"
Growing federal involvement to improve the IoT ecosystem was the prime factor behind the growth of the IoT node and gateway industry in Europe. For instance, in March 2015, the European Commission launched the Alliance for Internet of Things Innovation (AIoTI) to support the growth and development of an innovative and industry-driven IoT ecosystem in Europe.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
o By Designation: Directors - 50%, Managers - 20%, Vice Presidents - 25%, and Others - 5%
o By Region: North America - 40%, Europe - 35%, APAC - 15%, and RoW - 10%

Competitive Landscape of IoT Node and Gateway Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Leadership Mapping, 2019
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Companies
4 Competitive Scenario
4.1 Product Launches And Developments
4.2 Partnerships, Acquisitions, Collaborations, And Agreements

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Research Coverage:
This research report categorizes the global IoT node and gateway market based on hardware, end-use application, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the IoT node and gateway market, and forecasts the market till 2026.

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