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.
Cross-domain collaborations and government support for research and development of IoT technologies are creating opportunities for the IoT node and gateway market. Some of the key companies 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.
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intel corporation has 6 major operating segments—Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IoTG), Non-Volatile Memory Solutions Group (NSG), Mobileye, and Programmable Solutions Group (PSG). Intel offers a range of solutions for various end-user industries. The company provides IoT products and solutions through its IOTG business segment. The company designs and manufactures advanced integrated digital technology platforms. It also develops and sells software and services primarily focused on security and technology integration. The security products offered by the company include data protection and encryption, database security, endpoint protection, network security, security management, server security, security information and event management (SIEM), and web security. The company’s IoTG segment offers products for retail, industrial, financial services and banking, education, government, building automation, transportation, and healthcare. It spends about 20% of its revenue on R&D every year. With such high investments in R&D, the company has vast product offerings for the IoT market with the latest technological advancements.
Huawei Technologies Co., Ltd., has 4 main operating segments, namely, Consumer Business, Carrier Business, Enterprise Business, and Others. The Enterprise segment offers a digital infrastructure by using new ICT technologies such as artificial intelligence, cloud, big data, Internet of Things, video, and data communication to provide products and services that help customers from government, public utilities, finance, energy, transport, motor vehicle, and other fields in digitalization.
NXP Semiconductors N.V., its offerings can be used for a wide range of end-market applications, including automotive, industrial, Internet of Things (IoT), mobile, and communication infrastructure. It also produces secure connectivity solutions for embedded applications. The company engages with leading global original equipment manufacturers (OEM) and sell products in all major geographic regions. The company has a widespread presence with operations in about 30 countries along with a comprehensive customer base. It serves about 25,000 customers through its direct sales channel as well as through its network of distribution channel partners.
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
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