IoT Node and Gateway Market by Hardware, End-Use | COVID-19 Impact Analysis | MarketsandMarkets

1. IoT Node and Gateway Market by Hardware, End-Use | COVID-19 Impact Analysis | MarketsandMarkets The global IoT node and gateway market size is estimated to grow from USD 387.1 billion in 2020 to USD 563.7 billion by 2026; at a CAGR of 6.5%. The major factors driving the IoT node and gateway market’s growth are the development of internet connectivity, growing use of wireless sensors and its networks, increased IP address space and better security solutions made available through IPv6, growth of application-specific MCUs and flexible SoC- type designs, and growing market of connectivity devices. Concerns regarding the security and privacy of user data act as restraints for the IoT node and gateway market. Memory devices is projected to be fastest-growing hardware segment in IoT node and gateway market during forecast period Memory devices have been segmented into on-chip memory and off-chip memory. There are different types of on- chip memories, such as SRAM, Cache, and eMMC. On-chip memories are in-built in the SoC. SRAM is mostly used in industrial, automotive, and defense applications, which require high performance. SRAM offers high-speed performance with reduced power consumption. Off-chip memory is an external memory as it is not part of the SoC. DRAM, EEPROM, and memory cards are the types of external memory. DRAM is a type of random access memory, which needs to be refreshed periodically and is mostly used in servers, PCs, and mobile devices. It is less expensive than SRAM and is used by system designers to build computers. Wearable devices of consumer applications for IoT node and gateway market to grow at a fastest rate during the forecast period Wearable devices include products such as smart watches, smart glasses, body-worn cameras, and activity monitors. Wearable computing or wearable technology refers to electronic devices or equipment, which can be worn by the users on their body. These devices offer a wide range of functionalities, ranging from monitoring heart rate and calories burnt to advanced smart features similar to smartphones. The most advanced wearable devices enable wearers to click pictures and view them, record videos, read text messages and e-mails, respond to voice commands, and browse the web. Aerospace & defense is projected to be the fastest-growing segment in industrial application of IoT node and gateway market IoT provides connectivity and integration, and equips the manufacturer with wide-ranging views of their operations in the aerospace and defense segment in industrial application. The aerospace and defense end-user application uses sensors to capture comprehensive machine data. These sensors can be used on key equipment, machines, and vehicles. IoT offers numerous opportunities to airlines for the improvement of baggage handling and equipment monitoring. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248007097 Various airlines, such as Delta Air Lines (US) and British Airways (UK), have started adopting smart baggage tags to speed up the baggage and passenger check-ins, and solve the problem of lost baggage. The switch of airlines from traditional barcodes to smart tags is changing the way people travel. North America to hold largest share of IoT node and gateway market from 2020 to 2026 This region is a key market as it is home to some of the largest multinational corporations, such as Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), in the IoT ecosystem.

2. Increased R&D in the field of IoT, in terms of new and improved technologies, and the increasing demand for improved lifestyle are the two crucial factors driving the growth of the IoT node and gateway market. Increasing R&D, at both the academic and industry levels, is broadening the application areas of IoT in different industries, such as consumer electronics, retail, automotive and transportation, and healthcare, especially in the US. This is the main factor driving the growth of IoT applications in North America. Key Market Players Major players in the IoT node and gateway market are Intel Corporation (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (US), Texas Instruments Incorporated (US), Cisco Systems Inc. (US), Hewlett Packard Enterprise Co. (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd (Taiwan), Dell Technologies (US), and Microchip Technology Inc. (US). 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 anddefend” 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 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441