Market Overview
Market Research Future (MRFR), in its recently published research report, emphasizes that the global IoT node and gateway market 2020 is flourishing and expected to grow exponentially over the review period, recording a substantial market valuation about USD 17 Billion by 2023, and a healthy 29% CAGR in the forecast period.
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Competitive Analysis
The major market players operating in the global IoT Node and gateway market as identified by MRFR are Google Inc. (U.S.), Apple Inc. (U.S.), ENEA AB (Sweden), ESOL Co. Ltd. (Japan), ARM Ltd. (U.K), BlackBerry Limited (Canada), Wittenstein (Germany), Green Hills Software (U.S.), Mentor Graphics Corporation (U.S.), SYSGO AG (Germany), Microsoft Corporation (U.S.), Wind River (U.S.), Silicon Labs (U.S.), Kaspersky Lab (Russia) and Canonical Ltd. (U.K).
Drivers and Restraints
The development of the IOT Node and Gateway Market Size (COVID-19 Impact Analysis) is influenced by substantial advancement in telecommunication networks. Governments of emerging economies such as India, China, and South Korea are growing their investment in telecommunication, and being striking investment destinations, these regions attract significant foreign investment. Advanced internet penetration in these regions is generating the growth of the IoT node and gateway market in recent years. Technological advancement in these regions leads to upgraded IT infrastructure, which is projected to drive the IoT node and gateway market over the review period. Rising importance of IT security is another major influence for the IoT node and gateway market in recent years. Wearable technology has added high traction in recent times in countries such as Brazil, China, and India and is driving the growth prospects of the IoT node and gateway industry. The increasing IP address space, enhanced security provided by IPv6, and development of internet connectivity globally are some of the influential factors of the growth of the global IoT node and gateway market share. On the other hand, there is no corporate protocol for communication. This absence of standard communication protocols across recurrent platforms will pose a challenge for the market. In addition to these factors, connected devices consume high power and this is also likely restrain their adoption, obstructing the growth of the global IoT node and gateway market.
Segmental Analysis
Based on the Services, the market is divided into professional and managed. The professional services are further segmented into deployment & integration services, business consulting services, and maintenance & support services.
Based on the organization size, the IoT node and gateway market is bifurcated into small and medium enterprise and large enterprise.
Based on the verticals, the market is segmented into it, manufacturing energy & utilities, consumer electronics, medical & healthcare, industrial automation, transportation & logistics and others.
Based on the operating system type, the market is segmented into windows 10 IoT, embedded apple iOS and osx, windriver vxworks, nucleus rtos, and green hills integrity.
Based on the Application, the market is segmented into Smart Buildings Smart Healthcare, and Home Automation, Smart Factories, IoT Wearables, Digital Signage, Vehicle Telematics and Others.
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Regional Analysis
The geographical analysis of the global IoT node and gateway market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world (Latin America, the Middle East and Africa).
due to technological developments in North America, it is anticipated to emerge as the leading region over the review period. Also, due to developed and well-established economies, the corporations in the North American region are majorly investing in research and development activities.
Due to growth of the web, data centers, telecom, and internet of things in Asia Pacific region, the adoption of operating systems is anticipated to grow in IoT operating systems market. Since data security is a major standard in IoT operating systems, the system providers are always operating on solutions that will effectively monitor application performance, track loopholes in application code as well as moderate operational risks.
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