The IOT node and gateway market is expected to grow at approximately USD 17 Billion by 2023, at 29% of CAGR between 2017 and 2023.
Market Highlights:
The regional wise segmentation of IOT node and gateway market consists of North America, Europe, Asia-Pacific and Rest of the World. North America is one of the most competitive markets across the globe with various regional players and a few large international players in IOT node and gateway market. Europe region is growing with an excellent pace in IOT node and gateway market. Emerging economies from countries such as Germany, UK, France, Russia, Italy, Benelux and Spain is driving IOT node and gateway market. Moreover, Asia-Pacific is also expected to have potential growth in the forecast period due to increasing investment of major players in IOT node and gateway market.
The major growth driver of IOT node and gateway market includes rising demand for better internet network, advanced technology implementation in improving communication network, compactness of sensors, and increased use of sensors in biometric applications among others. Hence the market for IOT node and gateway market is expected to grow approximately 29% of CAGR between 2017-2023. High utilization and upgrading of connectivity technology such as Bluetooth, zigbee, Wi-Fi and near field communication technology is one of the significant boosting IOT node and gateway market. BFSI accounts for high market share owing to high adoption of online banking, contactless payments and mobile banking application.
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Key Players
The prominent players in the IOT node and gateway market are- 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.
IOT Node and Gateway Market Segmentatios
The IOT node and gateway market has been segmented on the basis of hardware and end-user. The hardware segment consists of processors, sensors, connectivity IC and memory device. Blood glucose sensors provides accurate measurement of glucose content in patient body, it consists of vast measure range and offers continuous monitoring of glucose content in the blood.
Market Research Analysis:
Regional analysis for IOT node and gateway market is studied in different geographic regions such as North America, Europe, Asia-Pacific and Rest of World. North America region is the prominent player in the IOT node and gateway market due to advanced technological implementation in security system. European region is growing with a considerable pace in the IOT node and gateway market. Increase demand from citizens for better internet connectivity and investment by government in IOT node and gateway market is driving the market in the region. Europe region is facing frequent terror attacks that enable government and security agencies to implement advanced and powerful security equipments to combat foreign attacks. The protection of citizen in the region and across the border has risen the need for strong security surveillance gadgets. Asia-Pacific region is expected to grow with the highest CAGR in IOT node and gateway market owing to advanced infrastructure development from countries such as China and India that is boosting the market growth. Increasing urbanization, business expansion across and industrial developments is driving the growth of IOT node and gateway market in the region.
Table Of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List Of Tables
Table 1 Iot Node And Gateway Market, By Components
Table 2 Iot Node And Gateway Market, By End-User
Table 3 Iot Node And Gateway Market, By Region
List Of Figures
Figure 1 Research Type
Figure 2 Image Sensormarket: By Components (%)
Figure 3 Image Sensormarket: By End-User (%)
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