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IoT Node and Gateway Market Size Worth USD 535.58 Million, Globally, By 2028 At 4.57% CAGR

04-21-2023 01:19 PM CET | IT, New Media & Software

Press release from: Introspective Market Research

IoT Node and Gateway Market Size Worth USD 535.58 Million,

Market Overview:
IoT Node and Gateway Market size is projected to reach USD 535.58 Million by 2028 from an estimated USD 391.72 Million in 2021, growing at a CAGR of 4.57% globally.

The Internet of Things is a new trend in smart devices that is largely connected to the everyday activities of a large population worldwide. Controllers and intelligent sensors typically fall into this category. IoT devices can run without a hitch and store and transfer data quickly and safely thanks to cloud connectivity. An IoT Gateway is a point of connection between the cloud and intelligent devices, like controllers, sensors, and physical units. IoT gateway, also known as an intelligent controlling gateway, is a dedicated piece of hardware or software that makes it possible for data to move between IoT devices and the cloud.

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Market Dynamics:
Driver:
In developed regions like North America and Europe, internet use has skyrocketed in the last ten to fifteen years. The IoT market should benefit from the upcoming use of 5G, or fifth-generation mobile communications. This is primarily due to the significant improvement in performance and dependability of these connected devices brought about by 5G networks. 5G addresses the issues of quicker, higher-limit networks that address the issues of availability. The frequency at which digital cellular technology transmits data is increased by the 5G spectrum.

Opportunities:
Governments Are Supporting And Funding IoT R&D To Improve Productivity Worldwide
Legislatures all over the planet are supporting and financing IoT innovative work to further develop efficiency. The Government of India has decided to provide approximately $ 2 billion in funding and seize $ 660 billion in unique technologies for 5G and IoT. As a result, government support can play an important role in the development and growth of the IoT ecosystem. For instance, governments in some countries are calling for improvements and innovations in key areas like intelligent traffic management systems.

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Segmentation Analysis of IoT Node and Gateway Market:
By Hardware, Connectivity IC dominates the hardware segment in IoT Nodes and Gateway market. Connectivity ICs are vital for wi-fi technology inclusive of wireless local area network (WLAN), Wi-Fi, Bluetooth, cellular, and low-strength wi-fi. In an ever-linked world, in which every linked tool is a capability access factor for a classy cyberattack, protection cannot be an afterthought withinside the layout of connectivity ICs and wi-fi devices.

By End User Application, Consumer electronics is the dominating segment in the IoT nodes and gateways market. With the evolution of some home equipment that can connect with the Internet and smartphones, the boom of the IoT era withinside the patron electronics phase is predicted to acquire a boost.

By Hardware
• Processor
• Connectivity IC
• Sensor
• Memory Device
• Logic Device
By Application
• Industrial
• Consumer
By End Use
• Healthcare
• Wearable devices
• Consumer electronics
• Retail
• BFSI

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Regional Analysis of IoT Node and Gateway Market:
APAC is anticipated to dominate the IoT node and gateway market during the forecasted period. The developing penetration of the net throughout the industrial in addition to residential spaces, huge purchaser base, growing disposable income, and enhancing IT infrastructure are a number of the important thing determinants supplementing the boom of the IoT node and gateway marketplace in APAC.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in IoT Node and Gateway Market are:
• Intel Corporation
• Huawei Technologies Co Ltd.
• NXP Semiconductor N.V.
• Texas Instruments Incorporated
• Cisco Systems Inc.
• Hewlett Packard Enterprise
• TE Connectivity Ltd.
• Advantech Co. Ltd.
• Dell Technologies
• Microchip Technology Inc.
• Notion
• Helium System Inc.
• Samsara Networks Inc.
• Beep Inc.
• Estimote Inc.
• Aaeon Technology Inc.

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Key Industry Developments In IoT Node and Gateway Market
In April 2021, Intel Corporation introduced new 3rd Generation Intel Xeon Scalable processors which combined with Intel's range of Intel Optane persistent memory and storage, Ethernet adapters, FPGAs, and enhanced software solutions.
In February 2021, Huawei Technologies and China Mobile arrayed the world's first 4.9 GHz commercial LampSite network in Shanghai, China. With aggregate bandwidth of 200 MHz on the 2.6 and 4.9 GHz bands and distributed Huge MIMO were concurrently implemented in digital indoor networks.

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About us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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