The global IoT node and gateway market is growing at a significant CAGR of around 5.8% during the forecast period (2019-2025). The IoT is one of the biggest breakthroughs in the technology industry and is becoming a part of every aspect of life such as retail shops, hotels, cars, airplanes, and others. IoT node and gateway acts as a bridge between the cloud and controllers, intelligent devices, and sensors. There are several pivotal factors that are driving the global IoT node and gateway market, which includes the increasing demand for cloud-based services, growing use of wireless sensors, and growing demand for connected devices. IoT connected medical devices with radio frequency components are changing the medical industry through healthcare monitoring and treatment outcomes. A better standard of living is being achieved with the help of IoT in medical industry.

In addition, the increasing demand for application-specific MCUs and flexible SoC-type designs, supported by smart city initiatives are some other factors that are offering growth to the IoT node and gateway market. For instance, IoT-EPI is a European Initiative started in 2017. This initiative addresses the new EU-funded H2020 programs regarding the development of IoT platform. Similar initiatives are adopted in China, India, US, and Germany, which in turn, will offer growth to the market during the forecast period. However, the data safety and security concerns associated with connected devices are some of the major restraints of the market.

Segmental Outlook  

The IoT node and gateway market is classified on the basis of hardware and end-user. Based on the hardware, the market is segmented into processors, sensors, memory devices, connected ICs, and others. Based on end-user, the market is segmented into consumer electronics, healthcare, BFSI, automotive & transportation, and others.

Global IoT Node and Gateway Market Share by End-User, 2018 (%)

Consumer Electronics dominates the global IoT node and gateway market

IoT node and gateway find its significant application in consumer electronics. There is a rising demand for wearable devices across the globe. The companies are focused on providing various IoT node and gateway for wearable devices, such as smart watches, smart glasses, body-worn camera, thermal bracelet, and smart locator, among others. Connected wearable devices offer endless possibilities for increased convenience and connectivity. These smart wearable devices allow convenient tracking of its user’s data which can be related to their health, and exercise habits for their overall well-being. Additionally, in several industries such as employees with higher-risk roles including fire-fighters, oil & gas employees, mining, and others can detect oncoming dangers with the help of these wearables. These features of wearable devices is increasing its adoption rate among individuals, employees, and others.

Regional Outlook 

The global IoT node and gateway market is classified on the basis of geography, which includes North America, Europe, Asia-Pacific, and Rest of the World. North America contributes a significant share in the IoT node and gateway market well-developed information communication technology (ICT) infrastructure and the increased adoption of connected devices across various industry verticals. Furthermore, ample opportunities for new entrants in the region are being promised by growing venture capitalists in the market.

Moreover, deployment of IoT solutions has been a part of government infrastructure which has accelerated its growth in the country. One of the major instances of cost cutting in the federal government has been reported in the form of smart-building applications. The General Services Administration’s (GSA) Smart-Buildings initiative was one such initiative launched in May 2012 aimed to modernize federal government buildings in large part through connected technologies and making them more energy efficient.

Global IoT Node and Gateway Market Growth, by Region 2019-2025

Asia-Pacific is expected to propel with a considerable growth rate in the global market

Asia-Pacific is estimated to project a considerable CAGR in the global IoT node and gateway market. Countries in Asia-Pacific that are contributing to the market growth include China, India, and Japan. The market in the region is largely driven by the rapid industrialization and rising government initiatives for smart cities and smart grids across major economies of the region such as China, India, South Korea, and Japan. These actions will generate a significant amount of data, which will enforce governments to build robust data protection policies for ownership of data. Additionally, the market is influenced by the presence of several market players that are providing IoT solutions to cater to a wide range of customers across the globe.

Market Players Outlook

The key players in the IoT node and gateway market are contributing significantly by providing advanced technology-based products and through expanding their geographical presence across the globe. The key players operating in the global IoT node and gateway market include Intel Corp., Huawei Technologies Co., Ltd., Cisco Systems Inc., Hewlett Packard Enterprise Co., Eurotech S.p.A., and NXP Semiconductors N.V. These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global IoT node and gateway market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.