Global IOT Node and Gateway Market By Hardware (Processor, Sensors, Connectivity IC, Memory Devices, Logic Devices) By Application (Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, Retail, Banking, Financial Services, and Insurance (BFSI, Oil & Gas, Agriculture, Aerospace and Defense, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Global IOT Node and Gateway Market accounted to USD 3.5 billion in 2016 growing at a CAGR of 31.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition: Global IOT Node and Gateway Market
The IOT node and gateway market constitute of hardware such as processor, connectivity integrated circuit (IC), sensor, memory device, and logic device, which are used in Internet of Things (IOT)-enabled devices. The latest trend in this market is availability of internet in maximum countries due to development, use of wireless devices by consumers and industrial purpose, advancement in IP protocols i.e.
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IPV6 and others are creating market growth. There is need of IOT Node and Gateway for several applications like Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, Retail, Banking, Financial Services, and Insurance (BFSI, Oil & Gas, Agriculture, Aerospace and Defense, Others will create a huge market for the IOT nodes and gateways.
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Competitive Analysis: Global IOT Node and Gateway Market
IOT Node and Gateway Market are highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
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Major Market Drivers and Restraints:
- Availability of Internet Connectivity
- Growth in use of wireless sensors
- Increased IP address space and better security solution through IPV6
- Growing Market of Connected Devices
- Concerns regarding the security and privacy of the user data
Market Segmentation: Global IOT Node and Gateway Market
On the basis of hardware the IOT node and gateway market is segmented into Processor, Sensors, Connectivity IC, Memory Devices, and Logic Devices. The memory devices market is expected to grow in the forecasted period.
On the basis of application the IOT node and gateway market is segmented into Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics, Retail, Banking, Financial Services, and Insurance (BFSI, Oil & Gas, Agriculture, Aerospace and Defense, Others. The Oil & Gas market is expected to grow in the forecasted period.
On the basis of geography, IOT node and gateway market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Major Market Competitors: Global IOT Node and Gateway Market
Some of the major players operating in IOT node and gateway market are:
- Aaeon Technology Inc.,
- Adlink Technology Inc.,
- Advantech Co., Ltd.,
- Beep Inc.,
- Cisco Systems Inc.,
- Dell Inc.,
- Estimote Inc.,
- Eurotech S.P.A,
- Helium Systems Inc.,
- Hewlett Packard Enterprise Co.,
- Huawei Investment & Holding Co., Ltd.,
- Intel Corporation,
- Microchip Technology Inc.,
- NXP Semiconductors N.V.,
- Nexcom International Co., Ltd.,
- Notion, Samsara Networks Inc.,
- Stmicroelectronics N.V.,
- TE Connectivity Ltd.,
- Texas Instruments Incorporated
In 2017, NXP Semiconductor N.V., partners with Amazon Web service to successfully complete the integration of Amazon Greengrass on its Layerscape Intelligent Gateway platform.
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