IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Sensor, Memory Device, Logic Device), by End-Use (Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Industrial, Retail), and Geography - Global Forecast to 2023
“IoT node and gateway market to grow at a CAGR of 30.9%”
According to the new market research report on IoT node and gateway market, this market is projected to reach 17.18 billion units by 2023, growing at a CAGR of 30.9% between 2017 and 2023. The growth of the IoT node and gateway market can be attributed to the improved internet connectivity and growth in use of wireless sensors and their networks, as well as growth in application specific microcontroller units (MCUs). However, the lack of common communication protocols and communication standards across platforms and high power consumption by connected devices are hindering the growth of the IoT node and gateway market.
“Logic device is expected to grow at the highest CAGR from 2017 to 2023”
The IoT node and gateway market for logic device is expected to witness the highest CAGR from 2017 to 2023. The significant increase in the shipment of logic devices is attributed to the growing adoption of wearable devices in developing economies such as China, India, and Brazil, as well as the increasing participation of domestic players in the wearable devices market.
“Retail end-use application is expected to hold the largest market share in terms of unit shipments during the forecast period”
The IoT node and gateway market for retail end-use application is expected to hold the largest share, in terms of volume, between 2017 and 2023. The declining prices of radio frequency identification (RFID) chips, sensors, and beacons would decrease the barrier to the adoption of IoT technology and increase the implementation of beacons and connected devices in the retail sector.
“IoT node and gateway market in Asia Pacific is expected to grow at the highest rate”
This report covers the IoT node and gateway market in regions including North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America held the largest share of IoT node and gateway market in 2016 because of the strategic initiatives taken by many large American technology firms and the increased research and development (R&D) in the field of IoT. The IoT node and gateway market in APAC is expected to grow at the highest CAGR from 2017 to 2023 because of the high consumer base, increasing disposable income, and improving IT infrastructure, as well as the growing penetration of the internet in commercial and residential spaces.
Breakdown of profile of primary participants:
• By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
• By Designation: Directors – 50%, Managers – 20%, Vice Presidents – 25%, and Others – 5%
• By Region: North America – 40%, Europe – 35%, APAC – 15%, and RoW – 10%
The companies that are profiled in the report are Intel Corporation (US), Huawei Investment & Holding Co., Ltd. (China), NXP Semiconductor N.V. (Netherlands), Texas Instruments Inc. (US), Cisco Systems Inc. (US), Hewlett Packard Enterprise Co. (US), TE Connectivity Ltd. (Switzerland), STMicroelectronics N.V. (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Inc. (US), Eurotech S.P.A (Italy), Aaeon Technology Inc. (Taiwan), Adlink Technology Inc. (Taiwan), NEXCOM International Co. Ltd. (Taiwan), Microchip Technology Inc. (US), Notion (US), Helium System Inc. (US), Samsara Networks Inc. (US), Estimote Inc. (US), and Beep Inc. (US).
The report describes the IoT node and gateway market and the related developments in this market in terms of hardware and end-use applications across different regions. This report aims at estimating the market size and future growth potential of this market across different segments such as hardware, end-use application, and geography. Moreover, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Reasons to Buy the Report:
• This report includes the market statistics pertaining to hardware, end-use application, and geography along with their respective revenue.
• The major drivers, restraints, challenges, and opportunities for the IoT node and gateway market have been detailed in this report.
• Illustrative segmentation, analysis, and forecast for the IoT node and gateway market based on hardware, end-use application, and geography have been detailed to provide an overall view of the IoT node and gateway market.
• A detailed competitive landscape has been provided including key players and in-depth analysis of product offering and business strategies.