IoT Node and Gateway Market To Gain Substantial Traction Through 2030

According to the Market Statsville Group (MSG), the global IoT node and gateway market size is expected to grow from USD 412.3 million in 2021 to USD 726.7 million by 2030, at a CAGR of 6.5% from 2022 to 2030. Internet of Things (IoT) gateway connects controllers, sensors, and intelligent devices to the cloud. The most significant type of device in the IoT is the node. The node is the physical device that connects to the IoT and operates in coordination with each other.

It is the devices that provide sensor data that is controlled by the cloud. Nodes tend to be either lightweight sensor devices, which primarily collect status information over a pre-programmed interval, or middleweight devices that offer controllable functions-for instance, door locks, security sensors, temperature sensors, etc.

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The surging penetration of the internet has been increasing over the last couple of years. The upcoming launch of the fifth generation of cellular mobile communications, 5G, will probably reflect positively on the IoT market. It is primarily because 5G networks will improve the performance and reliability of these connected devices. 5G will manage the need for a faster network with higher capacity that can serve connectivity needs. This factor will drive the growth in the market in the upcoming year.

COVID-19 Impact on the Global IoT Node and Gateway Market
COVID-19 had a negative impact on the IoT node and gateway markets, as companies are reducing their investment in the latest technologies and services to uphold themselves in the competitive market. The pandemic strikes it only temporarily because the production and supply chain is disrupted. After the post-pandemic, the situation improves, and production, supply chains, and demand for the IoT node and gateway will increase in the forecast period.

Scope of the Global IoT Node and Gateway Market
The study categorizes the IoT node and gateway market based on hardware and end-user at the regional and global levels.

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By Hardware Outlook (Sales, USD Million, 2017-2030)
Processor
Connectivity IC
Sensor
Memory Device
Logic Device
By End-User Outlook (Sales, USD Million, 2017-2030)
Consumer Electronics
Oil & Gas
Agriculture
Automotive
BFSI
Transportation
Healthcare
Aerospace & Defense
Retail
Others
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA

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Connectivity IC segment is projected to account for the largest market share, by hardware
Based on hardware, the global IoT node and gateway market is divided into processor, connectivity ic, sensor, and memory device. In 2021, the connectivity IC segment accounted for the largest market share in the global IoT node and gateway market. Connectivity ICs are important for wireless technologies, including wireless local area network (WLAN), WiFi, Bluetooth, cellular, and low-power wireless. In addition, a rise in demand for better connectivity products will lead the market in the forecast period.

Asia Pacific accounts for the highest CAGR during the forecast period
Based on the regions, the global IoT node and gateway market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR in the global IoT node and gateway market during the forecast period. The region includes the countries such as China, India, Japan, South Korea, Australia, Southeast Asia, and the Rest of Asia-Pacific. The region's growth is primarily due to strong economic growth, owing to factors such as increasing internet penetration, huge customer base, growing adoption of cloud-based services among small and medium enterprises, increasing disposable income, and government policies to promote digitalization and smart-city developments.

In addition, the rise in digital awareness toward IoT nodes will lead to a huge demand for IoT nodes and gateway technologies in Asia-Pacific.

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Key Market Players in the Global IoT Node and Gateway Market
The global IoT node and gateway market are highly competitive, with key industry players adopting strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most market companies focus on expanding operations across regions, augmenting their capabilities, and building strong partner relations.

Major players in the global IoT node and gateway market are:

Hewlett Packard Enterprise Company
Cisco Systems, Inc.
Dell Technologies
Huawei Technologies Co. Ltd.
Advantech B+B Smartworx
ADB SAFEGATE
Samsara Networks Inc.
Eurotech
Texas Instruments Incorporated
TE Connectivity Ltd

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