#IoT Node and Gateway Market Size

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IoT Node and Gateway Market Market Size & Share

The global IoT Node and Gateway market size was valued at USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029, registering a CAGR of 7.3% during the forecast period.

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Trends in the IoT Node and Gateway Market 2023 - 2030

The global IoT node and gateway market size is expected to reach USD 1.13 trillion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.1% from 2023 to 2030. The market's growth is primarily fueled by the advent of 5G technology, the increasing utilization of wireless smart sensors and networks, a burgeoning market for connected devices, and the rising demand for data centers driven by the growing adoption of cloud platforms. For instance, in August 2023, Intel Corporation launched its new leading-edge chip factories at its Ocotillo campus in Chandler, Arizona. The new factories will support the growing demand for Intel’s products and provide committed capacity for Intel Foundry Services customers, thereby driving market growth over the forecast period.

The growing need for data-driven insights and automation drives the increased demand for connected devices. In sectors like healthcare, the Internet of Things (IoT)-enabled medical devices can monitor patients' vital signs in real time, providing doctors with accurate and timely information for diagnosis and treatment. In agriculture, field sensors can collect data on soil moisture, temperature, and nutrient levels, enabling farmers to make informed decisions about irrigation and fertilization.

IoT devices and gateways often operate in remote or challenging environments where wired connections are impractical. 5G’s broader coverage and improved penetration capabilities ensure that even devices in difficult-to-reach areas can stay connected, enabling applications like smart agriculture, environmental monitoring, and wildlife tracking. 5G mMTC (Massive Machine-Type Communications) capability allows for the seamless connection of many IoT devices within a small geographical area.

Manufacturing industries are embracing IoT nodes and gateways to create smarter factories with real-time monitoring of equipment and production lines, optimizing efficiency and reducing downtime. The need for real-time data processing has led to the adoption of edge computing. IoT gateways play a pivotal role by performing data preprocessing at the edge, reducing latency, and enhancing overall system responsiveness.

North America has been at the forefront of technological innovation, with a robust ecosystem of tech companies, startups, and research institutions. This environment has fostered the development of innovative IoT solutions, making it an ideal market for adoption. The region has quickly embraced emerging technologies such as 5G, edge computing, and AI, which are essential for IoT deployments. In January 2023, Cisco Systems Inc. extended its collaboration with the Grand Duchy of Luxembourg. The aim of this collaboration is to continue to support Digital Luxembourg, the Grand Duchy’s long-term digitalization movement.

IoT Node And Gateway Market Report Highlights 

North America has solidified its position as a key hub for IoT innovation and adoption, due to the advancing technological infrastructure, strong investment in IoT solutions across various industries, and a thriving ecosystem of IoT-related companies

Advancements in microelectronics have led to smaller, more power-efficient IoT nodes. This enables seamless integration into various devices and environments while extended battery life reduces maintenance needs

The growth of smart homesworldwide has been a remarkable phenomenon in recent years. Smart homes are equipped with advanced technology that enables homeowners to control their home systems remotely

The key industry players are Intel Corporation, Cisco Systems, Inc., Huawei Technologies Co. Inc., and NXP Semiconductors, among others. To maintain market share, major firms frequently engage in mergers and acquisitions as well as new product launches

IoT Node And Gateway Market Segmentation

Grand View Research has segmented the IoT node and gateway market based on component, connectivity, end-use, and region:

IoT Node & Gateway Component Outlook (Revenue, USD Billion, 2018 - 2030)

Hardware

Connectivity Integrated Circuits (ICs)

Logic Devices

Memory Devices

Processors

Sensors

Temperature Sensors

Motion Sensors

Light Sensors

Others

Software

Services

IoT Node & Gateway Connectivity Outlook (Revenue, USD Billion, 2018 - 2030)

ZigBee

Wi-Fi

Bluetooth

Z-Wave

Others

IoT Node & Gateway End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Consumer Electronics

Wearable Devices

Automotive & Transportation

BFSI

Healthcare

Retail

Building Automation

Oil & Gas

Agriculture

Aerospace & Defense

Others

IoT Node & Gateway Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

South Africa

UAE

Order a free sample PDF of the IoT Node And Gateway Market Intelligence Study, published by Grand View Research.

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IoT Node and Gateway Market Size by Hardware (Processor, Connectivity IC, Sensor, Memory, Logic Devices), End-use Application (Consumer Electronics, Building Automation, Automotive & Transportation, Wearable Devices, Retail) and Region - Global Forecast to 2029

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Connected Logistics Market Size, Share, Trends, Report 2024-2032

IMARC Group, a leading market research company, has recently released a report titled "Connected Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032" The global connected logistics market size reached US$ 35.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 123.5 Billion by 2032, exhibiting a growth rate (CAGR) of 14.74% during 2024-2032. The growing integration of advanced analytics and artificial intelligence (AI), rising utilization of blockchain technologies, and increasing investments in advanced tracking systems that offer seamless visibility across the entire supply chain are some of the major factors propelling the market.

Connected logistics enables corporations to plan shipments and orders in advance and help prevent delayed deliveries by offering shipment tracking with real-time tracking. They use various platforms, software, and hardware to obtain real-time information. They transport goods through several modes, such as airways, roadways, railways, and seaways. They are employed to provide supply chain partners with all essential data and logistics information to streamline transportation processes. In addition, they provide fleet management, geofencing, vehicle analytics, route optimization, and safety from loss, theft, or damage of shipments. Owing to these benefits, connected logistics are widely adopted in retail, automotive, manufacturing, healthcare, and food and beverage (FB) sectors.

Request for sample copy of this report: https://www.imarcgroup.com/connected-logistics-market/requestsample

What are the growth prospects and trends in the connected logistics industry:

The market is primarily driven by the significant expansion in the information and technology (IT) sector. In addition, connected logistics provide numerous benefits, such as real-time access, increased productivity, and improved operational efficiency contributing to market growth. Moreover, various technological advancements, such as the incorporation of sensor-based technology like radio frequency identification (RFID) chips and internet of things (IoT) devices in shipments, vehicles, and individual products, that generates data and allows organizations to track the exact location and condition of their shipments represents another major growth-inducing factor. Furthermore, the widespread adoption of cloud-based solutions and increasing digitalization in corporations are creating a positive market outlook across the globe.

What is included in market segmentation:

The report has segmented the market into the following categories:

Breakup by Component:

Hardware

Solutions

Services

Breakup by Software:

Asset Management

Warehouse IoT

Security

Data Management

Network Management

Streaming Analytics

Breakup by Technology:

Bluetooth

Cellular

Wi-Fi

ZigBee

NFC

Satellite

Breakup by Devices:

Gateways

RFID Tags

Sensor Nodes

Breakup by Transportation Mode:

Roadways

Railways

Airways

Seaways

Breakup by End Use Industry:

Automotive

Manufacturing

Oil and Gas

IT and Telecom

Healthcare

IT and Telecommunication

Retail

Food and Beverage

Others

Market Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

Who are the key players operating in the industry:

The report covers the major market players including:

ATT Inc. (NYSE:T)

Cisco Systems Inc. (NASDAQ: CSCO)

Eurotech S.p.A.

HCL Technologies Limited

Honeywell International Inc.

Infosys Limited

Intel Corporation

International Business Machines Corporation

Microsoft Corporation

Oracle Corporation

SAP SE

Zebra Technologies Corporation.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

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IoT Node and Gateway Market Size & Share | Industry Report, 2023-2027

The IoT node and gateway market was valued at USD 387.1 billion in 2020 and is projected to reach USD 566.4 billion by 2027; it is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2021 to 2027.

The key factors driving the growth of the IoT node and gateway industry include emergence of 5G technology, growing use of wireless smart sensors and networks, growing market for connected devices, increasing necessity of data centers due to rising adoption of cloud platforms, and others.

Connectivity IC segment to account for the largest share of IoT node and gateway market during the forecast period

On the basis of Hardware, the IoT node and gateway market has been segmented into processor, sensor, connectivity IC, memory device, and logic device. the connectivity IC segment held the largest share of the overall IoT node and gateway market, in terms of volume. The increasing demand for better edge devices connectivity and significant developments in low-power connectivity technologies, such as Wi-Fi, Bluetooth, and Bluetooth Low Energy (BLE), are the key factors supporting the growth of the connectivity IC segment.

Consumer application to account for the largest share of IoT node and gateway market during the forecast period

Based on end-use application, the IoT node and gateway market has been segmented into industrial and consumer. Consumer application held the largest share of the overall IoT node and gateway market to during the forecast period. With the evolution of a number of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248007097

APAC is expected to register the highest growth of IoT node and gateway market during the forecast period

APAC is expected to register the highest growth in the IoT node and gateway market during the forecast period from 2021 to 2027. The growing penetration of the internet across commercial as well as residential spaces, broad consumer base, increasing disposable income, and improving IT infrastructure are some of the key determinants supplementing the growth of the IoT node and gateway market in APAC. Moreover, the adoption of cloud-based services and rising trend of industrial automation are the key growth drivers for the IoT node and gateway market for commercial applications in countries such as China, South Korea, and Japan.

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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook

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Global 5G Chipset Market Insights

5G Chipset Market size was valued at USD 16.04 billion in 2021 and is poised to

grow from USD 19.28 billion in 2022 to USD 92.05 billion by 2030, growing at a

CAGR of 21.8% in the forecast period (2023-2030).

A 5G chipset is a specialized component of customer premises equipment and

network infrastructure equipment that allows the end user to create a wireless

network based on 5G network specifications. The proliferation of internet-

connected devices raises the need for a completely new wireless infrastructure

known as 5G. Fifth-generation wireless (5G) is the mobile network generation

that follows the current 4G LTE mobile network. These networks extend

broadband wireless Operational Frequency beyond mobile internet to the

Internet of Things (IoT) and critical communications segments, allowing for a

global perception of complete connectivity.

The 5G chipset market is expected to grow significantly during the forecast

period due to proliferation of M2M/IoT connections. Furthermore, the market is

growing due to an increase in demand for high-speed internet and extensive

network coverage. Furthermore, an increase in demand for mobile broadband

operational frequency is expected to drive 5G chipset market growth during

the forecast period.

Several leading telecom operators all around world, including AT&T, Inc.,

Verizon Communications, and China Telecom Corporation Limited, are

investing heavily in the deployment of 5G network infrastructure to provide

high-speed connectivity to their customers. However, Governments of all

across the world are focusing to implementing 5G technology and applications

policies that have pushed operators globally into even stronger rivalry in 5G

large-scale commercial deployment and vertical industries testing.

Get more info about Global Chipset Market- https://www.skyquestt.com/report/5g-chipset-market

Analysis:

Global 5G Chipset Market Segmental Analysis

Global 5G chipset market is segmented based on frequency type, node type,

deployment type, vertical outlook, and region. Based on frequency type, 5G

Chipset Market is categorized into sub-6GHz mmWave, sub-6GHz+ mmWave.

Based on node type, 5G Chipset Market is categorized into: 7 nm, 10 nm. Based

on deployment type, 5G Chipset Market is categorized into telecom base

station equipment, smartphones/tablets, single-mode connected vehicles,

connected devices, broadband access gateway devices. Based on vertical

outlook 5G Chipset Market is categorized into manufacturing, energy & utilities,

media & entertainment, IT & telecom, transportation & logistics, and

healthcare. Based on region, 5G Chipset Market is categorized into North

America, Europe, Asia-Pacific, South America, and MEA.

5G Chipset Market Analysis by Node Type

In terms of value, the 7 nm segment dominated the market in 2020, accounting

for 64.2% of the market. This is due to key players' initial focus on developing 5G

chipset components with a 7nm processing node. Leading market players such

as MediaTek Inc., Huawei Technologies Co. Ltd., Intel Corporation, and

Qualcomm Incorporated are focusing their initial efforts on developing 5G

chipset components with a 7nm processing node. Furthermore, these market

players are currently focused on manufacturing 7 nm and 10 nm chipset

processing nodes to support high band frequencies.

Modern communication networks, on the other hand, are expected to face

heavier loads as they serve multiple applications at the same time. This would

necessitate the creation of a new chipset capable of faster processing speeds.

As a result, the 10 nm segment is expected to grow at a rapid pace over the

forecast period. Furthermore, as self-driving cars become more common, the

need for seamless connectivity between vehicles will grow, and higher

processing nodes will be required to develop 5G chipset components.

5G Chipset Market Analysis by Frequency Type

In 2020, Sub-6 GHz is attributed to hold largest market size of 5G chipset

market. 5G devices operating in the Sub-6 GHz frequency region are expected

to play a key role in providing comprehensive coverage and enabling a wide

range of use cases. Companies like Huawei and ZTE do 90% of their work in sub-

6 GHz. Sub-1 GHz frequencies provide 5G services in urban, suburban, and rural

locations, and they may also play a role in IoT services. This spectrum will most

likely aid in the delivery of 5G services to hard-to-reach and densely populated

public places. 5G coverage and capacity applications employ spectrum from

1 to 6 GHz

Top Players in the Global 5G Chipset Market

• Qualcomm Technologies, Inc.

• Samsung Electronics Co., Ltd.

• MediaTek Inc.

• Intel Corporation

• Xilinx Inc.

• Infineon Technologies AG

• Huawei Technologies Co. Ltd.

• Broadcom Inc.

• Qorvo Inc.

• Nokia Corporation

• Ericsson AB

• Fujitsu Limited

• Analog Devices Inc.

• Murata Manufacturing Co., Ltd.

• NXP Semiconductors N.V.

• Marvell Technology Group Ltd.

• Texas Instruments Inc.

• ZTE Corporation

• Renesas Electronics Corporation

• Unisoc Communications Inc.

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IoT Node and Gateway Market Size Trends Growth Value Forecast to 2032 | Intel Corp, NXP Semiconductors N.V., Beep Inc., Estimote Inc.

IoT Node and Gateway Market Size Trends Growth Value Forecast to 2032 | Intel Corp, NXP Semiconductors N.V., Beep Inc., Estimote Inc.

The research report studies the Global IoT Node and Gateway market 2023-2032 using a robust research methodology to provide accurate and in-depth information about the industry. For a clearer understanding, it is structured into several chapters and sections to cover different aspects of the industry. The data analysts have used primary and secondary research to seek authentic information for the…