IoT Node and Gateway Market Size Global Forecast to 2027 | MarketsandMarkets

1. What is the current size of the global IoT node and gateway market? The IoT node and gateway market was valued at USD 387.1 billion in 2020 and is projected to reach USD 563.7 billion by 2027; it is expected to grow at a CAGR of 6.9% from 2021 to 2027. Who are the winners in the global IoT node and gateway market? Major players operating in the IoT node and gateway market are Intel Corporation, Huawei Technologies Co., Ltd., NXP Semiconductor N.V., Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, TE Connectivity Ltd., Advantech Co. Ltd., Dell Technologies, Microchip Technology Inc., and so on. These players have adopted various growth strategies such as product launches/developments, partnerships/contracts/ collaborations/acquisitions to expand their global presence and increase their share in the global augmented reality market. What are the major drivers for the IoT node and gateway market? The key factors driving the growth of the IoT node and gateway market include emergence of 5G technology, growing use of wireless smart sensors and networks, growing market for connected devices, increasing necessity of data centers due to rising adoption of cloud platforms, and others. What are the growing application verticals in the IoT node and gateway market? The IoT node and gateway market is led by consumer application. The consumer application held the largest share of the overall IoT node and gateway market to during the forecast period. With the evolution of a number of consumer appliances that can connect to the Internet and smartphones, the growth of IoT technology in the consumer electronics segment is expected to receive a boost. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248007097 What are the impact of COVID-19 on the global IoT node and gateway market? Due to COVID-19, the manufacturing units of major players are highly hampered due to worldwide lockdown and limited availability of labor and raw material. A number of scheduled product launches and related developments have been postponed due to the pandemic. However, the impact of COVID-19 is expected to reduce during the forecast period. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000

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