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IoT Node and Gateway Market Share

Report ID: GMI8587
Published Date: Mar 2024
Report Format: PDF

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IoT Node and Gateway Market Share

Cisco Systems, Inc. and Huawei Technologies Co. holds a significant share of over 6% in the IoT node and gateway industry. It offers a comprehensive portfolio of IoT solutions including IoT gateways and networking infrastructure. By leveraging its expertise in networking technologies, Cisco provides scalable and secure connectivity solutions for IoT deployments. The company’s offerings facilitate data collection, transmission, and management, enabling seamless integration of IoT devices & systems within diverse industries.

Furthermore, major players, such as Cisco Systems, Inc., Dell Technologies Inc., Huawei Technologies Co., Ltd. And Intel Corporation, are constantly implementing strategic measures, such as geographical expansion, acquisitions, mergers, collaborations, partnerships, and product or service launches, to gain market shares.

IoT Node and Gateway Market Companies

Major companies operating in the IoT node and gateway industry are:

Cisco Systems, Inc.
Dell Technologies Inc.
Helium
Hewlett Packard Enterprise
Huawei Technologies Co., Ltd.
IBM Corporation
Intel Corporation
Laird Connectivity
NXP Semiconductors N.V.
Particle Industries Inc.
Robert Bosch GmbH
Sierra Wireless
STMicroelectronics N.V.
TE Connectivity Ltd.
Texas Instruments Incorporation

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of IoT node and gateway reached USD 280 billion in 2023 and is set to witness 13.5% CAGR between 2024 and 2032, led by the increasing demand for IoT solutions across industries.

Wi-Fi connectivity segment is estimated to register a significant growth rate of over 14.5% during 2024 to 2032, as it enables seamless connectivity and communication among IoT devices.

North America IoT Node and Gateway Market held a significant share of over 30% in 2023 and is set to register a notable growth through 2032, fueled by increased investments in digital transformation initiatives, advancements in sensor technology, and the proliferation of connected devices.

Cisco Systems, Inc., Dell Technologies Inc., Helium, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Laird Connectivity, NXP Semiconductors N.V., Particle Industries Inc. are some of the major industry contenders.