IoT Node and Gateway Market Growing at a CAGR of 30.9% and Expected to Reach 17.18 Billion Units by 2023 - Exclusive Report by MarketsandMarkets™

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Connectivity IC held the largest market share in 2016

The IoT node and gateway market for connectivity IC, by hardware, held the largest share in 2016. The increasing demand for better edge devices connectivity and significant developments in low-power connectivity technologies such as Wi-Fi, Bluetooth, and Bluetooth low energy (BLE) are the key contributing factors leading to the largest market share of connectivity ICs in 2016.

BFSI end-use application to witness the highest growth rate between 2017 and 2023

BFSI end-use application is expected to grow at the highest rate during the forecast period. The mass adoption of online banking, contactless payment, and mobile banking apps has increased significantly. Banks are trying to create intelligent and personalized customer cross-selling opportunities. The shipment of the BFSI end-use application in the IoT node and gateway market would largely be driven by the increasing adoption of mPOS.

North America leads the IoT node and gateway market, in terms of volume

In 2016, North America held the largest share of the IoT node and gateway market, in terms of volume. North America is one of the fastest-growing markets in terms of technological advancement, manufacturing operations, and infrastructure. The wide-scale adoption of IoT technologies in several industries such as retail, automotive and transportation, and healthcare is the key factor supporting the growth of the IoT node and gateway market in this region.

Browse in-depth TOC on "IoT Node and Gateway Market"

76 – Tables

83 – Figures

262 – Pages

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Key Players

The key players in the market are Intel Corporation (US), Huawei Investment & Holding Co., Ltd. (China), NXP Semiconductor N.V. (Netherlands), Texas Instruments Inc. (US), Cisco Systems Inc. (US), Hewlett Packard Enterprise Co. (US), TE Connectivity Ltd. (Switzerland), STMicroelectronics N.V. (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Inc. (US), Eurotech S.P.A (Italy), AAEON Technology Inc. (Taiwan), Adlink Technology Inc. (Taiwan), NEXCOM International Co. Ltd. (Taiwan), and Microchip Technology Inc. (US). Moreover, the chapter profiles some of the new players in the IoT node and gateway market such as Notion (US), Helium System Inc. (US), Samsara Networks Inc. (US), Estimote Inc. (US), and Beep Inc. (US).

Please Explore Relevant Reports:

Internet of Things Technology Market by Node Component (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), Network Infrastructure, Software Solution, Platform, Service, End-use Application, and Geography - Global Forecast to 2022

IoT Chip Market by Hardware (Processor, Sensor, Connectivity IC, Memory Device, and Logic Device), End-Use Application (Wearable Devices, Building Automation, Industrial, Automotive & Transportation, and Others), and Geography - Global Forecast to 2022

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