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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