According to a new report, published by KBV research, The Global IoT Node and Gateway Market size is expected to reach $596.1 Million by 2028, rising at a market growth of 6.9% CAGR during the forecast period.
The Connectivity IC segment acquired maximum revenue share in the Global IoT Node and Gateway Market by Hardware in 2021 thereby, achieving a market value of $216 Million by 2028. The main drivers of the growth of the segment are the rising demand for better edge device connectivity and substantial advancements in low-power connectivity technologies, like Bluetooth, Wi-Fi, and Bluetooth Low Energy (BLE).
The Automotive & Transportation segment is showcasing a CAGR of 5.9% during (2022 - 2028). In order to prevent accidents and lighten the load on the driver, semi-autonomous vehicles with IoT integration make judgments immediately and partially control the vehicle's operations. In order to decrease human error and improve driving safety and comfort, cars now have a variety of proximity sensors and cameras.
The North America market dominated the Global IoT Node and Gateway Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $227.8 million by 2028. The Europe market is experiencing a CAGR of 6.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Dell Technologies, Inc., Intel Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Texas Instruments, Inc., NXP Semiconductors N.V., Microchip Technology, Inc., Advantech Co., Ltd., and TE Connectivity Ltd.
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By Geography
Companies Profiled
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