Global IoT Node and Gateway Market Insights Forecasts to 2033

• The Global IoT Node and Gateway Market Size was Valued at USD 421.82 Billion in 2023
• The Market Size is Growing at a CAGR of 7.25% from 2023 to 2033
• The Worldwide IoT Node and Gateway Market Size is Expected to Reach USD 849.67 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

 

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The Global IoT Node and Gateway Market Size is Anticipated to Exceed USD 849.67 Billion by 2033, Growing at a CAGR of 7.25% from 2023 to 2033.

 

Market Overview

IoT nodes and gateways are the building blocks of the IoT revolution, allowing devices to communicate seamlessly with central servers. While the market for these components grows, it is critical to solve security and interoperability issues. The possibilities for IoT technology in healthcare, smart cities, and agriculture are enormous, suggesting a future in which interconnected gadgets drive innovation and efficiency across multiple industries. Nodes are the devices used in the Internet of Things data transmission mechanism. Nodes are devices that provide sensor data or are controlled remotely via the cloud. The IoT node devices include temperature sensors, door locks, security sensors, and other low-energy Bluetooth sensors. The present trend of widespread adoption of network-connected devices has driven the market for smart gadgets and IoT devices, which has had a significant impact on the worldwide IoT node and gateway markets. This demographic change increases the risk of chronic diseases, falls, and disability, demanding preventive measures. Smart wearables provide solutions across the healthcare continuum, from monitoring physical activity and mental health to treating chronic conditions such as diabetes and heart disease. These devices improve patient management, disease management, and remote monitoring, resulting in increased demand for IoT nodes and gateways that provide data transmission, analysis, and integration in healthcare systems.

 

Report Coverage

This research report categorizes the market for the global IoT node and gateway market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global IoT node and gateway market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global IoT node and gateway market.

 

Driving Factors

Government funding for the research and development of IoT technologies, particularly IoT nodes and gateways, represents a critical opportunity for significant growth in this market segment. Governments around the world are increasingly recognizing IoT's disruptive potential in a variety of industries, including healthcare, transportation, and infrastructure. This recognition has prompted significant investments and attempts to promote innovation and accelerate the deployment of IoT technologies. The adoption of digital technologies into manufacturing processes, known as Industry 4.0, has led to the rapid growth of IoT nodes and gateways, which have become critical components for smart factories because they enable real-time data exchange between machines, increasing productivity and reducing downtime. Wireless communication technologies, such as 5G, have had a significant impact on the IoT node and gateway market. This high-speed and low-latency connectivity enables seamless communication between IoT nodes, gateways, and central servers, opening up new possibilities for applications like autonomous vehicles, intelligent infrastructure, and precision agriculture.

 

Restraining Factors

High-power IoT devices also contribute to environmental deterioration by consuming too much energy, which increases carbon emissions and energy consumption. As businesses and governments face increasing pressure to reduce their environmental impact and combat climate change, the adoption of energy-efficient technologies becomes critical. Companies that want to align with sustainability goals priorities low-power alternatives to IoT nodes and gateways to reduce their environmental footprint.

 

Market Segmentation

The global IoT node and gateway market share is classified into connectivity, hardware, and application.

• The Wi-Fi segment is expected to hold the largest share of the global IoT node and gateway market during the forecast period.   

Based on the connectivity, the global IoT node and gateway market is categorized into ZigBee, Wi-Fi, Bluetooth, and Z-Wave. Among these, the Wi-Fi segment is expected to hold the largest share of the global IoT node and gateway market during the forecast period. Wi-Fi connectivity is rapidly changing due to the growing number of IoT nodes and gateways. As IoT devices become increasingly prevalent in sectors such as smart homes, industries, and cities, Wi-Fi networks evolve to fulfil their connectivity needs. Modern Wi-Fi standards, such as Wi-Fi 6, and new technologies, such as Wi-Fi 6E, provide higher bandwidth, lower latency, and increased reliability, all of which are necessary for handling the various data streams produced by IoT devices.

 

• The connectivity IC segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the hardware, the global IoT node and gateway market is categorized into processor, connectivity IC, sensor, memory, and logic devices. Among these, the connectivity IC segment is expected to grow at the fastest CAGR during the forecast period. Connectivity integrated circuits are increasingly including sensor interfaces, allowing for more efficient data collecting and processing, which is especially beneficial in IoT sensors and wearable devices that monitor environmental variables, health factors, and activity tracking.  This integrated circuit minimizes the bill of materials by combining multiple discrete components into a single chip. The nPM1300 PMIC functions as a connection IC, improving power management efficiency in a variety of battery-powered applications including wearables, IoT sensors, smart home devices, and portable gadgets.  Its integration with Bluetooth Low Energy (BLE) and other wireless protocols improves interoperability and connectivity options for IoT nodes and gateways, allowing for seamless communication and data sharing in IoT ecosystems.

 

• The consumer electronics segment is expected to hold a significant share of the global IoT node and gateway market during the forecast period.

Based on the application, the global IoT node and gateway market is categorized into consumer electronics, building automation, automotive & transportation, wearable devices, and retail. Among these, the consumer electronics segment is expected to hold a significant share of the global IoT node and gateway market during the forecast period. The spread of smart televisions, smart home devices, and IoT gadgets demonstrates the growing popularity of smart consumer electronics. These gadgets use modern technologies like sensors, embedded systems, and actuators to give consumers intelligent features like voice recognition, biometric authentication, gesture control, and real-time data monitoring. Smart appliances, also known as intelligent appliances, can measure and control their energy consumption and transmit the results to homeowners. These products can be connected to smart energy meters or home energy management systems, which can further minimize electricity consumption during off-peak hours. The growth of several consumer appliances, including enhanced internet access and smartphones, has boosted the demand for IoT nodes and gateways in consumer electronics.

 

Regional Segment Analysis of the Global IoT Node and Gateway Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is projected to hold the largest share of the global IoT node and gateway market over the forecast period.

 

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North America is projected to hold the largest share of the global IoT node and gateway market over the forecast period. In North America, IoT nodes and gateways are being used in a range of industries such as manufacturing, healthcare, transportation, and smart cities. This expansion is being fueled by rising investments in digital transformation programmers, advances in sensor technology, and the proliferation of connected devices. Companies use IoT nodes and gateways to collect and analyze real-time data, increase operational efficiency, make better decisions, and provide novel services to customers. Furthermore, partnerships and cooperation among technology providers, and business participants.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the global IoT node and gateway market during the forecast period. India's industrial sector is quickly adopting IoT technology to improve operational efficiency, minimize downtime, and maximize resource utilization. The growing usage of IIoT solutions in India is driving demand for IoT gateways designed specifically for industrial applications. India's IoT ecosystem is quickly increasing, thanks to government programmers like Digital India and the Smart Cities Mission. The country's large population, increased smartphone penetration, and expanding network infrastructure are driving IoT solution adoption across industries.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global IoT node and gateway market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• Cisco Systems, Inc.
• Dell Technologies Inc.
• Helium
• Hewlett Packard Enterprise
• Huawei Technologies Co., Ltd.
• IBM Corporation
• Intel Corporation
• Laird Connectivity
• NXP Semiconductors N.V.
• Particle Industries Inc.
• Robert Bosch GmbH
• Sierra Wireless
• STMicroelectronics N.V.
• Texas Instruments Incorporation
• Others

 

Key Market Developments

• In July 2023, Advantech launched IoTMart International, a new digital commerce platform designed to facilitate cross-border online business services. This platform compliments Advantech's current distribution mechanism. It is primarily developed to meet the unique needs of various consumer categories, with a focus on small and medium-sized customers.

 

• In May 2023, NTT Ltd, a business that specializes in IT infrastructure and services, and Cisco teamed up to develop and deploy collaborative solutions that effectively support significant organizations’ sustainability goals. Using NTT's Edge as a Service portfolio and Cisco's IoT capabilities, the two companies will deliver real-time data analysis, enhanced security measures, improved decision-making processes, and lower operational costs through predictive maintenance, asset tracking, and supply chain management capabilities.

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global IoT node and gateway market based on the below-mentioned segments: 

 

Global IoT Node and Gateway Market, By Connectivity

• ZigBee
• Wi-Fi
• Bluetooth
• Z-Wave

 

Global IoT Node and Gateway Market, By Hardware

• Processor
• Connectivity IC
• Sensor
• Memory
• Logic Devices

 

Global IoT Node and Gateway Market, By Application

• Consumer Electronics
• Building Automation
• Automotive & Transportation
• Wearable Devices
• Retail

 

Global IoT Node and Gateway Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa