LONDON, February 17, 2022 (GLOBE NEWSWIRE) – According to a research report by The Business Research Company on the Internet of Things and Gateways (IoT) market, the advent of 5G technology is expected to lead to an increase in IoT and Gateway market in the forecast period. 5G provides a more stable and faster, more secure connection. Improved 5G bandwidth allows more data to be transmitted over a specified period of time, and reduced latency allows data to reach its destination faster. These networks provide enhanced coverage that supports multiple network topologies, allowing IoT nodes and gateways to communicate easily.
For example, according to a report by the Swedish telecommunications corporation Ericsson, the number of global subscriptions to 5G smartphones in 2021 rose to 600 million, three times more than in 2020, and 5G subscribers are projected to exceed one billion by 2022.
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The size of the global Internet of Things (IoT) nodes and gateways is expected to grow $ 7.54 billion in 2021 to $ 10.21 billion in 2022 at complex annual growth rates (CAGR) 35.4%. The growth in the market is mainly due to the fact that companies are resuming their operations and adapting to new normal activities, recovering from the effects of COVID-19, which previously led to restrictive containment measures, including social distancing, remote work and closure. led to operational problems. The size of the IoT node and gateway market is expected to reach $ 29.56 billion in 2026 on a CAGR 30.4%.
Technological progress is a key trend that is gaining popularity in the IoT node and gateway market. Large companies operating in the IoT industrial gateway market are focused on developing a new technology solution to meet consumer demand and strengthen their position. For example, in May 2019, Advantech, a Taiwanese automation technology company, launched the WISE-710 data gateway, based on embedded encryption keys and authentication technology. The WISE-710 data gateway provides a unique solution to close the gap between old equipment and new cellular networks. The Microchip ATECC508A security chip is integrated into the WISE-710 terminal, providing ultra-reliable hardware security and protection for cloud service data operations.
Major players in the global Internet of Things (IoT) nodes and gateways market are Dell, Advantech Co. Ltd., TE Connectivity, Cisco Systems Inc., Aaeon Technology Inc., Microchip Technology Inc., Nexcom International Co. Ltd, Helium System Inc., Samsara Networks Inc., STMicroelectronics NV, Eurotech SPA, Adlink Technology Inc., Mitsubishi Electric Corporation, Lantronix Inc, Nexcom International Co. Ltd, NXP Semiconductors NV, Hewlett Packard Enterprise and Arm Holdings.
The global market for IoT nodes and gateways is segmented by components into sensors, processor, connection chips, logic devices, memory devices; by connecting to Ethernet, Wi-Fi, Bluetooth, ZigBee, Z-wave and others; on applications in healthcare, automotive and transportation, consumer electronics, industrial, BFSI, oil and gas, aerospace and defense, etc. end consumer in industrial, consumer.
North America was the largest region in the 2021 IoT node and gateway market. Regions covered by the IoT node and gateway market report: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Report on the Global Internet of Things and Gateways (IoT) for 2020-30: Growth and Change COVID-19 is one of a series of new reports by The Business Research Company, presenting reviews of the Internet of Things (IoT). Internet Analysis of the nodes and gateways of things (IoT) and forecast the volume and growth of the market for the whole market, segments and geographies, market trends of nodes and gateways of the Internet of Things (IoT), drivers of nodes and gateways Internet of Things (IoT), market drivers Internet Restrictions Market nodes and gateways of things (IoT), Internet of Things nodes and gateways (IoT), leading competitors’ earnings, profiles and market shares in more than 1,000 industry reports covering more than 2,500 market segments and 60 geographies.
The report also provides an in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 data sets, extensive secondary research and exclusive ideas from interviews with industry leaders. An experienced and expert team of analysts and fashion designers provides market analysis and forecasts. The reports identify the best countries and segments for opportunities and strategies based on market trends and approaches of leading competitors.
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