IOT Node and Gateway Market 2019 Research Report by Size, Share, Trends, Revenue, Emerging Technologies, Product Specifications and Forecast 2023
IOT Node and Gateway Market is 29 % CAGR is expected to ensure earnings worth USD 17 Billion by 2023 at the end of the forecast period.
pune, India – October 9, 2019 /MarketersMedia/ —
IOT Node and Gateway Market – Overview
The elevated utilization and enhancing of connectivity technology such as Bluetooth are motivating the market. Reports that investigate the semiconductors and electronics industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects.
The multiplying demand for better internet network is propelling the IoT node and gateway market. The expanding communication network around the world is creating a favorable base for the progress of the market for IoT node and gateways. The development of near field communication technology is anticipated to create an auspicious impetus for the IoT node and gateway market in the forecast period.
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Key Players
The prominent companies in the IOT Node and Gateway market are NXP Semiconductor N.V. (Netherlands), Texas Instruments Incorporated (U.S.), Intel Corporation (U.S.), Cisco Systems Inc. (U.S.), Advantech Co., Ltd. (Taiwan), Eurotech S.P.A (Italy), Stmicroelectronics N.V. (Switzerland), Hewlett Packard Enterprise Co. (U.S.), Aaeon Components Inc. (Taiwan), Adlink Components Inc. (Taiwan) and others.
Competitive Analysis
The development of alternate raw material assets is likely to further focus on the supply demands in the market. The advancement in the effectiveness of production amenities is strengthening the market’s expansion pace in the approaching years. The global currencies are envisaged to become steady, and as a result place exert a gainful impact on the market. The revival of investment inflow of capital is projected to add force to the market’s escalation in the forecast period. The market is being highlighted by the active forces that are exerting an impressive influence. The advance in the mining of natural resources is additionally sustaining market expansion. Also, innovations in technology are projected to apply a productive stimulation on the enrichment of the market. The control of governmental plans on the market is inspiring further evolution of the market. The revolutionizations carried out in the logistic chain are anticipated to create encouraging possibilities for growth in the approaching period.
Segmental Analysis
The segmental study of the IoT node and gateway market is conducted on the basis of components, end user and geography. By components, the IoT node and gateway market is segmented into hardware processor, sensor, connectivity IC and memory device. The connectivity IC segment is acknowledged to control the principal market share due to the intensifying demand for better edge devices. Based on the end-user, the IoT node and gateway market is segmented into BFSI, healthcare, agriculture, wearable devices, consumer electronics, IT & telecommunication, building & automation, aerospace & defense, and others. The BFSI segment is regarded as the fastest rate in the upcoming forecast period. Based on the regions, the IoT node and gateway market is segmented into North America, Europe, Asia Pacific and Rest of the World.
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Detailed Regional Analysis
The regional study of the IoT node and gateway market span covers regions such as Europe, North America, Asia-Pacific, and Rest of the World. Among the regions, the North American region is considered to control the IOT node and gateway market and controls the major market portion owing to the well-developed network infrastructure together with the mounting IP security space. The Asia Pacific region is estimated to develop with the uppermost CAGR due to the improving IOT network structure of enterprises and advanced countries implementing the technology in order to make a better network structure. The European region is anticipated to develop with a substantial pace due to the intensifying demand from the citizens for improved internet connectivity. Furthermore, investments made by the government in IOT node and gateway market is additionally powering the market growth in this region.
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