Dublin, Jan. 16, 2024 (GLOBE NEWSWIRE) -- The "IoT Node and Gateway Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The evolution and convergence of multiple industries, driven by innovative connectivity technologies, are enhancing the Global IoT Node and Gateway Market, introducing a sophisticated approach to real-time data analysis and management. This new comprehensive research publication, examines market projections, key drivers and emerging trends.
With the IoT Node and Gateway Market value at USD 672.11 Million in 2022, the expected projection promises a compounded annual growth rate (CAGR) of 15.19% up to 2028. This forecast period could redefine connected device communication and data flow within networks on a global scale.
These pivotal IoT elements – the nodes collecting critical data from various sensors, and gateways efficiently orchestrating data transmission – form the backbone of modern IoT infrastructure. This infrastructure drives technological advancements and penetration across industries such as healthcare, agriculture, consumer electronics, and smart cities, generating robust market growth.
Market Drivers Leading IoT Node and Gateway Development
- Proliferation of IoT Devices: The integration of IoT in various sectors accelerates demand for advanced nodes and gateways.
- Edge Computing Demand: The push for processing near data sources magnifies the need for capable IoT devices.
- Industrial IoT (IIoT) Adoption: Manufacturing and supply chain transformations prompt significant IoT integrations.
- 5G Technology: Expanded 5G networks underpin IoT ecosystems, fostering compatible device innovation.
- Data Security: With cybersecurity at the forefront, IoT solutions emphasize secure and robust connectivity.
- Smart City Initiatives: Municipal IoT deployments catalyze the growth of tailored node and gateway applications.
Government Policies Influencing the IoT Node and Gateway Landscape
Compliance with rigorous data protection regulations and adoption of IoT security measures rise as fundamental factors shaping market dynamics, adapting to standards for secure communication and data integrity.
Addressing Market Challenges to Sustain Growth
Security and Privacy Concerns: Prevailing challenges in ensuring secure and private IoT environments necessitate the adoption of integrated security features and adherence to regulatory compliance for sustained market growth.
Interoperability and Compatibility: The complexity within the IoT ecosystem demands industry-wide standardization efforts to promote seamless communication and facilitate scalability.
Regional Market Insights and Forecast
With North America at the forefront of market adoption, supported by early technological acceptance and a robust industrial presence, the IoT Node and Gateway Market promises substantial development. Europe follows closely, propelled by a similar uptake across key verticals.
This research encompasses a detailed analysis and forecast across strategic global locations, delving into how regional markets contribute to the overall industry evolution.
Segmental Insights into Connectivity ICs and Consumer Electronics Dominate
Connectivity ICs emerge as a predominant segment, with consumer electronics showing rapid advancement; both are essential elements in supporting a dynamic IoT market. This section of the research identifies core growth areas, augmenting the overall market understanding.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 192 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $672.11 Million |
| Forecasted Market Value (USD) by 2028 | $1584.24 Million |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
Report Scope:
In this report, the Global IoT Node and Gateway Market has been segmented into the following categories:
IoT Node and Gateway Market, By Hardware:
- Processor
- Sensor
- Wired
- Wireless
- Connectivity IC
- Memory Device
IoT Node and Gateway Market, By End-User:
- BFSI
- Healthcare
- Wearable
- Consumer Electronics
- Agriculture
- Building & Automation
Company Coverage:
- Cisco Systems
- Huawei Technologies
- Intel
- IBM
- Texas Instruments
- Advantech
- Digi International
- Schneider Electric
- Mitsubishi Electric
- Sierra Wireless
For more information about this report visit https://www.researchandmarkets.com/r/4puzlg
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