IoT Node and Gateway Global Market – Overview
Developing IT network infrastructure, high adoption rate of connected devices, emerging smart home market, are some of the major factors driving the growth of IoT Node and Gateway market globally. However, lack of network security, and lack of protocols & communication standards are some factors hampering the market growth in coming years.
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.
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) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global IoT Node and Gateway market.
IoT Node and Gateway Global Market- Competitive Analysis
The market position analysis is derived by considering various factors such as financial position, segmental R&D investment, brand value, product portfolio, strategy analysis, and key innovations in IoT Node and Gateway market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between on the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
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Industry News and Development
February 2018 – Canonical Ltd., a privately held computer software company who has also introduced Ubuntu, partnership with Rigado LLC, an edge computing solution provider. Under this partnership, Rigado will deploy Ubuntu Core across their edge connectivity solutions.
December 2017 – Lantronix, a data access & management solution provider for industrial IoT, introduced advanced wireless embedded IoT gateways named as “xPico 200”. XPico 200 provide fast ethernet, Wi-Fi, bluetooth connectivity, enterprise grade security, and integrated manageability features.
February 2017 – Harman International, a leading connected technologies provider, introduced IoT gateway solution integrated with modular software architecture, and hardware. The new IoT gateway solution provide asset utilization, reduce operation cost, and improve inventory management.
February 2017 – Dell Inc., a leading IoT infrastructure provider, introduced “Edge gateway 3000 series”. The new 3000 gateway series integrated with three models specifically targeting applications such as industrial automation, energy, transportation, and digital signage.
According to Market Research Future Analysis, IOT Node And Gateway Market has been valued at approximately USD 17 Billion by the end of forecast period with approx. 29% of CAGR during forecast period 2017 to 2023.
IoT Node and Gateway Global Market- Segmentation
The IoT Node and Gateway Market can be classified into three key segments as follows:
Segmentation by Hardware: Processor (microcontroller, microprocessor, digital signal processor, and application processor), Sensor (temperature sensor, humidity sensor, image sensor, ambient light sensor, flow sensor, level sensor, and motion sensor), connected ICs, and memory devices.
Segmentation by End User: BFSI, IT & Telecommunication, Healthcare, Consumer Electronics, Agriculture, Aerospace & Defense, and Others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
IoT Node and Gateway Global Market- Regional Analysis
The Global IOT node and gateway market by region is segmented into North America, Europe, Asia Pacific and Rest of the World (ROW). North America, followed by Europe has dominated the IoT Node and Gateway market in 2017 due to well-established IT infrastructure, high technical expertise and increasing adoption rate of connected devices by end-users. Asia Pacific is expected to be the fastest growing market for IoT Node and Gateway due to developing network infrastructure, and emerging market of connected devices in the region.
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