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5G Technology Driving Growth In The Internet Of Things (IOT) Node And Gateway Market: Powering Innovation and Expansion in the Global Internet of Things (IoT) Node and Gateway Market by 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Internet of Things (IoT) Node and Gateway Market Through 2025?
The market size for the internet of things (IoT) node and gateway has experienced a serious boom in the past years. Its valuation is predicted to surge from $16.51 billion in 2024 to approximately $21.12 billion in 2025, with a compound annual growth rate (CAGR) of 27.9%. This significant expansion during the historical period is credited to the extensive spread of IoT implementations across various sectors, the evolution in sensor technology, enhancement in connectivity and network facilities, rising popularity of intelligent devices, and the growth in data analytics and cloud computing.
What's the Projected Size of the Global Internet of Things (IoT) Node and Gateway Market by 2029?
The projected size of the internet of things (iot) node and gateway market is set to undergo significant expansion in the forthcoming years, with predictions reaching $62.12 billion by 2029 and a compound annual growth rate (CAGR) of 31.0%. The escalating growth during the forecast period can be traced to several factors; namely, the proliferation of 5g networks for iot connectivity, the incorporation of edge computing into iot infrastructures, increasing industrial iot (iiot) arrangements, the inception of low-power wide-area networks (lpwan), and a growing necessity for secure iot connectivity. Key trend forecasts for the period consist of edge intelligence and data handling in IoT nodes, the use of artificial intelligence (AI) within IoT devices, a focus on energy conservation in IoT nodes and gateways, the merging of IoT and blockchain technology, and the use of standardized IoT procedures to ensure interoperability.
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Top Growth Drivers in the Internet of Things (IoT) Node and Gateway Industry: What's Accelerating the Market?
Anticipations are high for 5G technology to boost the upward trajectory of the IoT node and gateway market within the projected timeframe. Through its ability to provide a stable, speedier and secure connection, 5G is projected to enhance the market. Its capability to transmit more data in the same duration due to its expanded bandwidth, and its reduced latency which promotes quicker data delivery, endorse its potential. Its augmented coverage allows various network topologies, making communication between IoT nodes and gateways simpler. For instance, IoT Analytics GmbH, a Germany-based NGO, indicated in September 2024, that there was a 15% rise in the total number of connected IoT devices to 16.6 billion by the conclusion of 2023. The institution anticipates a 13% surge in the next year, culminating in 18.8 billion by the end of 2024. Impressively, the number of connected IoT devices is predicted to skyrocket to 40 billion by 2030, indicating a significant jump from the 2023 market update. This therefore, clarifies how the incorporation of 5G technology fuels the growth of the IoT node and gateway market.
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What Trends Will Shape the Internet of Things (IoT) Node and Gateway Market Through 2029 and Beyond?
Technological progression is becoming a prominent trend in the IoT node and gateway market. To satisfy customer needs and solidify their standing, central companies in this sector are emphasizing creating innovative tech solutions for IoT nodes and gateways. For instance, in March 2022, ADB SAFEGATE, a company based in the US offering integrated solutions, introduced the LINC Node, a Gateway dedicated to connecting Airfield Ground Lighting Infrastructure to the Internet of Things. LINC Node provides a cloud-based solution that facilitates sharing of airfield ground information and improves the ability to assess airport infrastructure, data, and alarm systems, thereby optimizing the maintenance process.
What Are the Main Segments in the Internet of Things (IoT) Node and Gateway Market?
The internet of things (iot) node and gatewaymarket covered in this report is segmented -
1) By Component: Sensors, Processor, Connectivity IC, Logic Devices, Memory Devices
2) By Connectivity: Ethernet, Wi-Fi, Bluetooth, Zigbee, Z-Wave, Other Connectivities
3) By Application: Healthcare, Automotive And Transportation, Consumer Electronics, Industrial, BFSI, Oil And Gas, Aerospace And Defense, Other Applications
4) By End User: Industrial, Consumer
Subsegments:
1) By Sensors: Temperature Sensors, Pressure Sensors, Proximity Sensors, Motion Sensors, Environmental Sensors
2) By Processor: Microcontrollers (MCUs), Microprocessors, Application Processors
3) By Connectivity IC: Wi-Fi Modules, Bluetooth Modules, Zigbee Modules, Cellular Modules, LoRa Modules
4) By Logic Devices: FPGAs (Field-Programmable Gate Arrays), ASICs (Application-Specific Integrated Circuits)
5) By Memory Devices: RAM (Random Access Memory), Flash Memory, EEPROM (Electrically Erasable Programmable Read-Only Memory)
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Which Top Companies are Driving Growth in the Internet of Things (IoT) Node and Gateway Market?
Major companies operating in the internet of things (IoT) node and gateway market include Dell Inc., Advantech Co. Ltd., TE Connectivity Ltd., Cisco Systems Inc., Aaeon Technology Inc., Microchip Technology Inc., Nexcom International Co. Ltd., Helium System Inc., Samsara Networks Inc., STMicroelectronics N. V., Eurotech S. P. A, Adlink Technology Inc., Mitsubishi Electric Corporation, Lantronix Inc., NXP Semiconductors N. V, The Hewlett Packard Enterprise Company, Arm Holdings plc, Intel Corporation, Huawei Technologies Co. Ltd., Texas Instruments Incorporated, Notion Labs Inc., Beep Inc., Estimote Inc., Kontron S&T AG, Moxa Inc., MultiTech Systems Inc., NimbeLink LLC, Particle Industries Inc., Red Lion Controls Inc., Rigado LLC, Sierra Wireless Inc.
Which Regions Will Dominate the Internet of Things (IoT) Node and Gateway Market Through 2029?
North America was the largest region in the internet of things (IoT) node and gateway market in 2024. The regions covered in the internet of things (IoT) node and gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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