IoT Node and Gateway Market

Intel Corporation (US) and Huawei Investment & Holding Co., Ltd. (China) are the Important Player in the IoT Node and Gateway Market

Internet of Things (IoT) is an ecosystem of connected physical devices embedded with hardware and software. These devices, which are accessible through internet are the vital source of data generation, and hence are termed as nodes. These nodes are connected to the cloud or a datacenter through gateways. Gateways act as a connection point between the nodes and data center and enable communication between various connectivity standards. The IoT node and gateway market registered a shipment of 2.83 Billion units in 2016 and is projected to reach 17.18 Billion units by 2023, at a CAGR of 30.9% between 2017 and 2023. Some of the major driving factors for the growth of this market are improved internet connectivity in technologically advancing countries and increased IP address space and security solutions provided in IPv6. Moreover, in emerging economies such as India, China, and Brazil, the improving IT infrastructure, along with business friendly initiatives by government organizations is driving the growth of the IoT node and gateway market.

The IoT node and gateway market is highly competitive with a large number of global and local market players. Product launches and developments has been one of the most prominent strategies followed by the key industry players in recent years. Moreover, partnerships, collaborations, and joint ventures are the other major growth strategies followed by the companies in the IoT node and gateway market. The key players following these strategies are Intel Corporation (US), NXP Semiconductors N.V. (Netherlands), Cisco Systems Inc. (US), Huawei Investment & Holding Co., Ltd. (China), and Advantech Co., Ltd. (Taiwan).

In 2016, Intel Corporation (US) was an important player in IoT node and gateway market, primarily on the basis of its research and development (R&D) investments, product portfolio, and geographic reach in the IoT market space. The company has continuously increased its R&D spending in the past few years, thereby resulting in the development of unique and state-of-the-art IoT products. Moreover, the company believes that the retail market is a critical space. In January 2016, the company launched a new retail sensor platform that combines the Intel-based retail sensor, Intel-based gateway, and Intel Trusted Analytics Platform (TAP). This platform is an affordable way for retailers to gather actionable, near-real-time intelligence, thereby saving money and generating more sales. Such technological development, in terms of connectivity and communications, would further fuel the growth of the IoT node and gateway market.

Huawei Investment & Holding Co., Ltd. (China) is another major player in the IoT node and gateway market and is continually involved in the development and launch of IoT systems. The company offers a broad portfolio of automotive, industrial, and building automation products. The company has a strong market position, which provides it a competitive advantage. The company mainly operates in all geographic regions and earned a large share of its revenue from China (45%) in 2016. Product launch plays a major role in terms of key business strategies of the company in the IoT node and gateway market. For instance, in May 2015, the company launched its Agile IoT solution, which has three main components-Agile Controller, Agile IoT gateway, and LiteOS (an IoT operating system). This solution would help to connect home to devices and hence drive the growth of IoT in home appliances.

Related Reports:

IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Sensor, Memory Device, Logic Device), by End-Use (Wearable Devices, Healthcare, Consumer Electronics, Building Automation, Industrial, Retail), and Geography - Global Forecast to 2023

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Report Code
SE 4191
Published ON
Jun, 2017
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