IOT Node and Gateway Market Introduction and Overview
According to SPER Market Research, ‘Global IoT Node and Gateway Market Size- By Component, By Connectivity, By End Use – Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ state that the Global IoT Node and Gateway Market is predicted to reach 1895.63 billion by 2034 with a CAGR 13.39%.
An IoT node is a device integrated with sensors and actuators that captures data from its surroundings and can perform basic processing before sending the information onward. These nodes are typically embedded in common devices like appliances, vehicles, or industrial machines, functioning at the edge of an IoT network. In contrast, a gateway serves as the intermediary between IoT nodes and the cloud or central system. It collects, filters, and securely transfers data, often managing protocol conversions and edge computing.
Restraints:
Despite its rapid expansion, the IoT node and gateway market encounters several significant challenges. Interoperability remains a key issue, as devices from various manufacturers often rely on different communication protocols, complicating seamless integration. Security and privacy are also major concerns, with IoT infrastructure being vulnerable to cyber threats due to its access to sensitive data.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered
By Component, By Connectivity, By End Use
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Cisco Systems Inc., Sierra Wireless, Intel Corporation, IBM Corporation, Huawei Technologies Co. Ltd., Dell Technologies Inc., Advantech Co. Ltd., NXP Semiconductors N.V., Eurotech, STMicroelectronics N.V.
Global IoT Node and Gateway Market Segmentation:
By Component: Based on the Component, Global IoT Node and Gateway Market is segmented as; Hardware, Temperature, Sensors, Software, Services.
By Connectivity: Based on the Connectivity, Global IoT Node and Gateway Market is segmented as; ZigBee, Wi-Fi, Bluetooth, Z-Wave, Others
By End Use: Based on the End Use, Global IoT Node and Gateway Market is segmented as; Consumer Electronics, Wearable Devices, Automotive & Transportation, BFSI, Healthcare, Retail, Building Automation, Oil & Gas, Agriculture, Aerospace & Defense, Others.
By Region:
This research also includes data for North America, Latin America, Asia-Pacific, Europe and Middle East & Africa.
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