IoT Node and Gateway Market Competitive landscape By 2025
The growing IP address space, improved security offered by IPv6, and improvement in internet connectivity worldwide are some of the drivers of the growth of the global IoT node and gateway market.
The growing initiatives by governments and improvement in the IT infrastructure, especially in emerging economies such as China, Brazil, and India are some of the other factors aiding the growth of this market.
The increased use of wireless sensors, growth in application specific microcontroller units, and improved internet connectivity shall boost the growth of the global IoT node and gateway market in the years to come.
Obtain Report Details:
The increasing shipment of logics devices on account of the growing adoption of wearable devices by the tech savvy consumers of today has boosted the growth of this market.
Wearable technology has gained high traction in recent times in countries such as Brazil, China, and India and is fueling the growth prospects of the overall IoT node and gateway market. On the other hand, there is no common protocol for communication.
This lack of standard communication protocols across various platforms will pose a challenge for the market. In addition to this, connected devices consume high power and this will also deter their adoption, hampering the growth of the global IoT node and gateway market.
In telecommunication, gateway means the networking hardware. Computers or computer networks perform the task of gateways. A computer that is used by internet service providers helps to connect with internet users and that is referred to as gateway nodes. Increasing application of internet of things (IoT) is expected to drive the growth of the IoT node and gateway market during the forecast period.
The growth of the IoT node and gateway market is influenced by considerable advancement in telecommunication networks. Governments of emerging economies such as China, India, and South Korea are increasing their investment in telecommunication, and being attractive investment destinations, these regions attract significant foreign investment.
Higher internet penetration in these regions is triggering the growth of the IoT node and gateway market in recent years. Technological advancement in these regions leads to improved IT infrastructure which is likely to drive the IoT node and gateway market during the forecast period. Growing importance of IT security is another driver for the IoT node and gateway market in recent years.
On the basis of hardware, the IoT node and gateway market is segmented into five types. These include processor, connectivity IC, memory device, logic device, and sensors. IoT node and gateway market for connectivity IC held the dominant market share as there is increasing demand for low profile connectivity technology such as Bluetooth low energy (BLE), Bluetooth, and Wi-Fi.
With rapid expansion of data transmission, this low profile connectivity technology is witnessing increasing demand, thus projecting higher demand for IoT node and gateway during the forecast period.
IoT node and gateway find substantial usage in different industry verticals such as healthcare, wearable devices, building automation, consumer electronics, retail, and banking, financial service & insurance (BFSI).
IoT node and gateway market for BFSI industry segment is likely to expand at the fastest rate over the forecast period. Advent of digitization has encouraged increasing application of technology in the banking and financial sector.
Online banking, installation of mobile banking apps, and contactless payment has become popular owing to the considerable application of technology in the banking sector. The objective of banks and other financial institutions is to widen their customer base, thus offering them the opportunity of easy and hassle-free transactions.
Rising user base of consumer electronic goods broadens the prospect for mobile point of sale devices. Internet penetration coupled with rising use of smartphones and tablets facilitates online payments and this factor will help to trigger the IoT node and gateway market during the forecast period.
Healthcare and building automation also commands considerable market share in the IoT node and gateway market. Internet of things facilitates interconnection among physical devices such as buildings, healthcare equipment, and vehicles with software, sensors and others.
This kind of inter-connectivity promotes automation in physical devices. Growing popularity of automation in automobile, real estate, and healthcare increases demand for IoT node and gateway in these industries, thus propelling the market opportunity during the forecast period.
On the basis of geography, the IoT node and gateway market is segmented into five regions - North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America held the leading market share as Internet of Things has maximum usage in this region.
This report gives readers a comprehensive overview of the IoT Node and Gateway Market. Browse through to unlock the hidden opportunities in this market:
Automation in vehicles and healthcare has been emphasized owing to rising government initiatives and lump sum investment. These factors promote the growth trajectory of this market in this region.
Asia Pacific is the fastest growing segment in the IoT node and gateway market as there has been considerable growth in infrastructure which trigger utilization of IoT node and gateway in retail, real estate, and automobile industries.
Some of the key market players in the IoT node and gateway market include Huawei Investment & Holding Co., Ltd., Texas Instruments Inc., NXP Semiconductor N.V, Hewlett Packard Enterprise Co. and others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT Node and Gateway Market Competitive landscape By 2025 here
News-ID: 682582 • Views: 343
More Releases from TMR - Research Reports
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment