The global IoT node and gateway market size is estimated to grow from USD 387.1 billion in 2020 to USD 563.7 billion by 2026; at a CAGR of 6.5%. The major factors driving the IoT node and gateway market’s growth are the development of internet connectivity, growing use of wireless sensors and its networks, increased IP address space and better security solutions made available through IPv6, growth of application-specific MCUs and flexible SoC-type designs, and growing market of connectivity devices. Concerns regarding the security and privacy of user data act as restraints for the IoT node and gateway market.
A full report of IoT Node and Gateway Market is available at: https://www.orionmarketreports.com/iot-node-and-gateway-market/45424/
IoT Node and Gateway Market Key Segments:
By Hardware:
- Processors
- Connectivity Integrated Circuits (ICs)
- Sensors
- Memory devices
- Logic devices
By End-use Application:
Industrial
- Healthcare
- Automotive & Transportation
- Building Automation
- Manufacturing
- Retail
- BFSI
- Oil & Gas
- Agriculture
- Aerospace & Defense
- Others
Consumer
- Wearable Devices
- Consumer Electronics
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