The emerging trend in IOT node and gateway market is its application in numerous industries. NXP Semiconductors N.V. announced a modular IoT gateway solution for large node networks (LNNs) with pre-integrated, tested and RF certified support for a wide array of wireless communications protocols including Thread, ZigBee and Wi-Fi.
North America region is dominating the IOT node and gateway market with the largest market share owing to the developed network infrastructure and increasing IP security space. Asia-Pacific region is expected to grow with the highest CAGR owing to improve IOT network structure of developed countries and enterprises adopting the technology for the better network structure.
The major growth driver of IOT node and gateway market includes rising demand for better internet network, advanced technology implementation in improving communication network, compactness of sensors, and increased use of sensors in biometric applications among others. Hence the market for IOT node and gateway market is expected to grow approximately 29% of CAGR between 2017-2023. High utilization and upgrading of connectivity technology such as Bluetooth, zigbee, Wi-Fi and near field communication technology is one of the significant boosting IOT node and gateway market. BFSI accounts for high market share owing to high adoption of online banking, contactless payments and mobile banking application.
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Major Key Players
- Intel Corporation (U.S.),
- NXP Semiconductor N.V. (Netherlands),
- Texas Instruments Incorporated (U.S.),
- Cisco Systems Inc. (U.S.),
- Hewlett Packard Enterprise Co. (U.S.),
- Stmicroelectronics N.V. (Switzerland),
- Advantech Co., Ltd. (Taiwan),
- Eurotech S.P.A (Italy),
- Aaeon Components Inc. (Taiwan),
- Adlink Components Inc. (Taiwan)
The IOT Node and Gateway Market is expected to grow at approximately USD 17 Billion by 2023, at 29% of CAGR between 2017 and 2023.
The IOT node and gateway market has been segmented on the basis of hardware and end-user. The hardware segment consists of processors, sensors, connectivity IC and memory device. Blood glucose sensors provides accurate measurement of glucose content in patient body, it consists of vast measure range and offers continuous monitoring of glucose content in the blood.
Market Research Analysis:
Regional analysis for IOT node and gateway market is studied in different geographic regions such as North America, Europe, Asia-Pacific and Rest of World. North America region is the prominent player in the IOT node and gateway market due to advanced technological implementation in security system. European region is growing with a considerable pace in the IOT node and gateway market. Increase demand from citizens for better internet connectivity and investment by government in IOT node and gateway market is driving the market in the region. Europe region is facing frequent terror attacks that enable government and security agencies to implement advanced and powerful security equipments to combat foreign attacks. The protection of citizen in the region and across the border has risen the need for strong security surveillance gadgets. Asia-Pacific region is expected to grow with the highest CAGR in IOT node and gateway market owing to advanced infrastructure development from countries such as China and India that is boosting the market growth. Increasing urbanization, business expansion across and industrial developments is driving the growth of IOT node and gateway market in the region.
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