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IoT Node and Gateway Market revenues to grow 6.7% CAGR worth $566.4 billion by 2027

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IoT Node and Gateway Market revenues to grow 6.7% CAGR worth $566.4 billion by 2027

February 15
19:56 2023
IoT Node and Gateway Market revenues to grow 6.7% CAGR worth $566.4 billion by 2027
IoT Node and Gateway Market
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; growing at a CAGR of 6.7%

According to a research report IoT Node and Gateway Market with Covid-19 Impact Analysis, by Hardware (Processor, Connectivity IC, Sensor, Memory Device, and Logic Device), End-use Application (Industrial and Consumer), Geography – Global Forecast to 2027″ published by MarketsandMarkets, 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 CAGR of 6.7% from 2021 to 2027. The key factors driving the growth of the IoT node and gateway market 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.

• Informational PDF Brochure :-

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

Browse 379 market data Tables and 65 Figures spread through 381 Pages and in-depth TOC on “IoT Node and Gateway Market – Global Forecast to 2027”
View detailed Table of Content here

https://www.marketsandmarkets.com/Market-Reports/iot-gateway-market-248007097.html

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.

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.

• News also covered:-
https://www.prnewswire.com/news-releases/iot-node-and-gateway-market-worth-566-4-billion-by-2027–exclusive-report-by-marketsandmarkets-301392603.html

Major players operating in the IoT node and gateway market are Intel Corporation, Huawei Technologies Co., Ltd., NXP Semiconductor N.V., Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, TE Connectivity Ltd., Advantech Co. Ltd., Dell Technologies, Microchip Technology Inc., Notion, Helium System Inc., Samsara Networks Inc., Beep Inc., Estimote Inc., Aaeon Technology Inc., Nexcom International Co. Ltd., STMicroelectronics N.V., Eurotech S.P.A, Adlink Technology Inc., Volansys Technologies, Embitel Technologies, Mitsubishi Electric Corporation, Lantronix, Inc., and Cradlepoint, Inc., and so on.

Don’t miss out on business opportunities in IoT Node and Gateway Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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