How Has The Internet of Things (IoT) Node and Gateway Market Size Evolved Historically?
The internet of things (iot) node and gateway market has seen considerable growth due to a variety of factors.
• In recent times, the market size for the Internet of Things (IoT) node and gateway has expanded significantly. Expected to escalate from $16.51 billion in 2024 to $21.23 billion in 2025, it will experience a compound annual growth rate (CAGR) of 28.6%.
The unprecedented growth during the historic period can be tied to the widespread use of IoT applications across various sectors, evolution in sensor technologies, improvement in connectivity and network framework, increased acceptance of smart devices, and a surge in data analytics and cloud computing.
What Will Be The Internet of Things (IoT) Node and Gateway Market Size In The Future?
The internet of things (iot) node and gateway market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for the Internet of Things (IoT) node and gateway is poised to experience remarkable growth in the coming years, culminating in a market worth $63.29 billion in 2029, with a compound annual growth rate (CAGR) of 31.4%.
This anticipated upturn during the forecast period can be attributed to a number of factors, such as the broadening of 5G networks to facilitate IoT connectivity, the amalgamation of edge computing into IoT frameworks, the burgeoning expansion in industrial IoT (IIoT) deployments, the evolution of low-power wide-area networks (LPWAN), and the escalating demand for secure IoT connectivity solutions. Future trends that can be expected during this period entail enhancements in edge intelligence and processing in IoT nodes, the increasing integration of artificial intelligence (AI) in IoT gadgets, increased attention on energy-efficient IoT nodes and gateways, the fusion of IoT with blockchain technology, and the enforcement of standardized IoT protocols to facilitate interoperability.
What Are The Primary Growth Drivers In The Internet of Things (IoT) Node and Gateway Market?
The advent of 5G technology is anticipated to boost the IoT node and gateway market's expansion during the projection period. 5G provides a much secure, robust, and faster connection. The superior bandwidth of 5G facilitates the transfer of more data in the same time frame, and reduced latency ensures quicker data delivery. These networks offer extended coverage, facilitating the seamless communication of IoT nodes and gateways by supporting numerous network topologies. For example, the Germany-based NGO, IoT Analytics GmbH announced in September 2024 that the tally of connected IoT devices hit 16.6 billion at 2023's end, marking a 15% rise from the previous year. The NGO anticipates an additional 13% growth, taking the total to 18.8 billion by the end of 2024. Moreover, the count of connected IoT devices is projected to skyrocket to 40 billion by 2030, indicating a significant surge since the last market update in 2023. Hence, the advent of 5G technology is fuelling the surge in the IoT node and gateway market.
What Is The Segmentation Of The Global Internet of Things (IoT) Node and Gateway Market?
The internet of things (IoT) node and gateway market covered in this report is segmented –
1) By Component: Sensors, Processor, Connectivity IC, Logic Devices, Memory Devices
2) By Connectivity: Ethernet, Wi-Fi, Bluetooth, Zigbee, Z-Wave, Other Connectivities
3) By Application: Healthcare, Automotive And Transportation, Consumer Electronics, Industrial, BFSI, Oil And Gas, Aerospace And Defense, Other Applications
4) By End User: Industrial, Consumer
Subsegments:
1) By Sensors: Temperature Sensors, Pressure Sensors, Proximity Sensors, Motion Sensors, Environmental Sensors
2) By Processor: Microcontrollers (MCUs), Microprocessors, Application Processors
3) By Connectivity IC: Wi-Fi Modules, Bluetooth Modules, Zigbee Modules, Cellular Modules, LoRa Modules
4) By Logic Devices: FPGAs (Field-Programmable Gate Arrays), ASICs (Application-Specific Integrated Circuits)
5) By Memory Devices: RAM (Random Access Memory), Flash Memory, EEPROM (Electrically Erasable Programmable Read-Only Memory)
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What Emerging Trends Are Shaping The Internet of Things (IoT) Node and Gateway Market Landscape?
The rise in technological innovations is becoming a prevalent trend in the IoT node and gateway market. To meet consumer needs and solidify their market standing, key businesses in the sector are concentrating on creating novel technological solutions for IoT nodes and gateways. For instance, ADB SAFEGATE, an American company that delivers integrated solutions, introduced LINC Node in March 2022. This gateway for Airfield Ground Lighting Infrastructure connects to the Internet of Things. The LINC Node provides a cloud solution facilitating the sharing of information from the airfield ground and enhances the ability to analyze the data, alarm system, and airport infrastructure, thereby improving the maintenance cycle.
Who Are the Key Players in the Internet of Things (IoT) Node and Gateway Market?
Major companies operating in the internet of things (IoT) node and gateway market include:
• Dell Inc.
• Advantech Co. Ltd.
• TE Connectivity Ltd.
• Cisco Systems Inc.
• Aaeon Technology Inc.
• Microchip Technology Inc.
• Nexcom International Co. Ltd.
• Helium System Inc.
• Samsara Networks Inc.
• STMicroelectronics N. V.
• Eurotech S. P. A
• Adlink Technology Inc.
• Mitsubishi Electric Corporation
• Lantronix Inc.
• NXP Semiconductors N. V
• The Hewlett Packard Enterprise Company
• Arm Holdings plc
• Intel Corporation
• Huawei Technologies Co. Ltd.
• Texas Instruments Incorporated
• Notion Labs Inc.
• Beep Inc.
• Estimote Inc.
• Kontron S&T AG
• Moxa Inc.
• MultiTech Systems Inc.
• NimbeLink LLC
• Particle Industries Inc.
• Red Lion Controls Inc.
• Rigado LLC
• Sierra Wireless Inc.
What are the Regional Insights into the Internet of Things (IoT) Node and Gateway Market?
North America was the largest region in the internet of things (IoT) node and gateway market in 2024. The regions covered in the internet of things (IoT) node and gateway market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
