IoT Node and Gateway Market size is projected to reach USD 512.3 Million by 2027 from an estimated USD 374.6 Million in 2020, growing at a CAGR of 4.57% globally.
An IoT node and gateway device & software performs crucial tasks in
areas such as security and filtering of data and processing, protocol
conversion, connecting devices, and others. As many peripheral systems include
devices, controllers, sensors and cloud, it acts as junction for them. Thus,
additional security, storage, and processing services to the end nodes is
provided at power efficient and cost-effective level by the usage of IoT node
and gateway. Moreover, different communication technologies are used to
facilitate nodes to talk to each other within the network.
The
global IoT Node and Gateway market segmented based on product type,
end-user, and geography. Based on product type, it is classified into 5-axis,
4-axis, and 3-axis. Based on end-users, it is categorized into dental, medical,
and orthopedic. By geography, it is analyzed across North America, Europe,
Asia-Pacific, and south America.
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The
Major Players in the IoT Node and Gateway Market Include:
·
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.
The IoT Node and Gateway Market is
segmented by type and application. Growth between segments over the period
2022-2028 provides accurate calculations and forecasts of revenue by type and
application in terms of volume and value. This analysis can help you expand
your business by targeting eligible niches.
Market has
segmented the global IoT Node and Gateway market on the basis of type,
application, and region:
By Type:
·
Processor
·
Connectivity
IC
·
Sensor
·
Memory
Device
·
Logic
Device
By
Application:
·
Healthcare
·
Wearable
devices
·
Consumer
electronics
·
Retail
·
BFSI
By Regional Outlook
(Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada,
Mexico)
- Europe (Germany, U.K., France,
Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India,
Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC
Countries, South Africa, Rest of MEA)
- South America (Brazil,
Argentina, Rest of South America)
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Covid-19
Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had
devastating effects on several industry verticals globally. To constrain the
number of cases and slow the coronavirus spread, various public health
guidelines were implemented in different countries across the globe. COVID-19
protocols ranging from declaring national emergency states, enforcing
stay-at-home orders, closing nonessential business operations and schools,
banning public gatherings, imposing curfews, distributing digital passes, and
allowing police to restrict citizen movements within a country, as well as
closing international borders. With the growing vaccination rate, governments are
uplifting the protocols to give a boost to the stagnant economy. Like other
industries, IoT Node and Gateway Market have experienced slowdown the
growth, however market is expected bounce back as restrictions are being lifted
up by governments across the globe.
IMR offers a comprehensive overview
of the market through the analysis of key parameters such as revenue, price,
competition, and promotions, as well as the study, synthesis, and summarization
of data from different sources. It analyzes the leading industry drivers and
shows numerous market components. The information offered is thorough,
dependable, and the result of a comprehensive primary and secondary study. IMR
market research reports offer a comprehensive global market as well as an
in-depth strategic sourcing methodology and analysis based on qualitative and
quantitative research to anticipate market growth.
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What aspects
regarding the regional analysis Market are included in this report?
·
Geographical regions covered in the report
include North America, Europe, Asia Pacific, Latin America and Middle East and
Africa region.
·
The report consists of detailed
region-wise analysis of current and future market trends, providing information
on product usage and consumption.
·
The growth rate of the market in every
region, including their countries over the forecast period is included in the
market report.
·
Based on what factors are the key market
players assessed in this report?
·
The report offers detailed analysis of
leading companies in the market across the globe.
·
It provides details of the major vendors
involved in the Market including Key Players
·
A comprehensive overview of each company
including the company profile, generated revenue, pricing of goods.
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