IoT Node and Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Albany, NY -- (SBWire) -- 11/26/2018 --The global IoT node and gateway market is expected to witness a huge growth in the forecast period from 2017 to 2025 as there lies immense growth potential in its end-use applications such as defense, BFSI, retail, and aerospace. The growing IP address space, improved security offered by IPv6, and improvement in internet connectivity worldwide are some of the drivers of the growth of the global IoT node and gateway market.

The growing initiatives by governments and improvement in the IT infrastructure, especially in emerging economies such as China, Brazil, and India are some of the other factors aiding the growth of this market. The increased use of wireless sensors, growth in application specific microcontroller units, and improved internet connectivity shall boost the growth of the global IoT node and gateway market in the years to come.

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The increasing shipment of logics devices on account of the growing adoption of wearable devices by the tech savvy consumers of today has boosted the growth of this market. Wearable technology has gained high traction in recent times in countries such as Brazil, China, and India and is fueling the growth prospects of the overall IoT node and gateway market. On the other hand, there is no common protocol for communication. This lack of standard communication protocols across various platforms will pose a challenge for the market. In addition to this, connected devices consume high power and this will also deter their adoption, hampering the growth of the global IoT node and gateway market.

In telecommunication, gateway means the networking hardware. Computers or computer networks perform the task of gateways. A computer that is used by internet service providers helps to connect with internet users and that is referred to as gateway nodes. Increasing application of internet of things (IoT) is expected to drive the growth of the IoT node and gateway market during the forecast period.

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On the basis of geography, the IoT node and gateway market is segmented into five regions - North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America held the leading market share as Internet of Things has maximum usage in this region.