IoT Node and Gateway Market

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IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Sensor, Memory, Logic Devices), End-use Application (Consumer Electronics, Building Automation, Automotive & Transportation, Wearable Devices, Retail) and Region - Global Forecast to 2029

FREE BROCHURE FREE SAMPLE REPORT
Report Code: SE 4191 May, 2024, by marketsandmarkets.com

[487 Pages Report] The IoT Node and Gateway market was valued at USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029, registering a CAGR of 7.3% during the forecast period. The growth of IoT Node and Gateway market is driven by the emergence of 5G technology, the Rising use of wireless smart sensors and networks, the Provision of increased IP address space through IPv6, and the Increasing need for data centers.

IoT Node and Gateway Market

IoT Node and Gateway Market

IoT Node and Gateway Market Forecast to 2029

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Market Dynamics:

Drivers: Rising use of wireless smart sensors and networks

Growing popularity of smart wearable devices and various smart consumer electronics such as smart meters, smart locks, and smart lighting in recent years, sensors such as proximity sensors, accelerometers, and camera modules entered the consumer electronics market. The array of sensors is now rapidly expanding beyond motion and image sensing to include those that measure humidity, altitude, food calorie composition, and human health. According to the World Health Organization, the global elderly population aged 60 or older is expected to reach 2 billion by 2050. This demographic shift increases the prevalence of chronic conditions, falls, and disabilities, necessitating preventive interventions. Smart wearables offer solutions across healthcare domains, from monitoring physical activity and mental status to managing chronic diseases like diabetes and heart disorders. These devices enhance patient management, improve disease management, and facilitate remote monitoring, thereby driving demand for IoT nodes and gateways to support data transmission, analysis, and integration in healthcare systems.

Restraint: High power consumption by wireless sensor terminals and connected devices

High power consumption directly translates to increased operational costs for businesses deploying IoT solutions. Devices like High-Powered Sensor Nodes, LoRaWAN gateways, Edge Computing Device, and Industrial IoT (IIoT) Gateways require frequent battery replacements or consume substantial amounts of electricity; this can lead to higher maintenance expenses, reducing the overall cost-effectiveness of IoT deployments. As a result, organizations may hesitate to invest in IoT node and gateway solutions, hindering market expansion. High-power IoT devices also contribute to environmental degradation by consuming excessive energy, leading to increased carbon emissions and energy consumption. As businesses and governments face mounting pressure to moderate their environmental footprint and mitigate climate change, the adoption of energy-efficient technologies becomes imperative. Companies seeking to align with sustainability goals may prioritize low-power alternatives to IoT nodes and gateways to minimize their environmental impact.

Opportunities: Accelerated IoT adoption in healthcare sector.

The integration of Internet-connected robots, known as medical robotics, in surgery signifies a significant IoT advancement in healthcare. Equipped with sensors and cameras, these robots enable precise procedures and real-time data transmission to surgeons for remote monitoring and adjustments. As medical robotics continue to revolutionize healthcare, the role of IoT nodes and gateways becomes paramount in enabling seamless connectivity and real-time data transmission, steering precision and efficiency in surgical procedures. Transenterix develops robotic surgery systems for minimally invasive procedures, Myomo creates neuro-robotic devices aiding those with upper-limb paralysis, Rewalk Robotics offers exoskeletons for mobility assistance, and Diligent Robotics produces autonomous robots for healthcare tasks.

Challenge: Requirement for wireless spectrum and licensed spectrum

The requirement for wireless spectrum and licensed spectrum depicts a significant challenge for the growth of the IoT node and gateway market. The limited availability of wireless spectrum can constrain the deployment of IoT devices, particularly in densely populated urban areas where spectrum congestion is more prevalent. According to Global Mobile Suppliers Association (GSA), in January 2023, the rise of wireless spectrum saw significant growth, with the total number of spectrum bands globally reaching 568, an increase of 6.5% compared to January 2022. Specifically, the number of licensed spectrum bands increased by 11.2% to reach 434 bands, while the number of unlicensed spectrum bands grew by 0.9% to reach 134 bands. The demand for spectrum is expected to exceed supply in many regions, leading to spectrum scarcity and increased competition for available frequencies. This scarcity of spectrum can impede the expansion of IoT networks, limiting their scalability and coverage.

IoT Node and Gateway Ecosystem

IoT Node and Gateway Market by Ecosystem

The market for Connectivity IC segment to hold largest market share during the forecast period.

Connectivity IC accounts for major share in the IoT Node and Gateway market in the forecast period. Connectivity ICs are increasingly integrating sensor interfaces, allowing for simplified data acquisition and processing, which is particularly useful in IoT sensors and wearable devices for monitoring environmental conditions, health parameters, and activity tracking. In July 2023, Nordic Semiconductor introduced the nPM1300 PMIC, featuring two buck converters, two load switches/LDOs, and integrated battery charging, streamlining battery-operated applications. This IC reduces BoM by consolidating multiple discrete components into one chip. The nPM1300 PMIC serves as a connectivity IC, enhancing power management efficiency in various battery-operated applications such as wearable devices, IoT sensors, smart home devices, and portable electronics.  Its integration with Bluetooth Low Energy (BLE) and other wireless protocols enhances interoperability and connectivity options for IoT nodes and gateways, facilitating seamless communication and data exchange in IoT ecosystems.

Consumer electronics segment in end-use application held highest market share of the IoT Node and Gateway market during the forecast period.

The proliferation of smart televisions, smart home devices, and IoT gadgets indicates the growing trend towards smart consumer electronics. These devices leverage advanced technologies such as sensors, embedded systems, and actuators, to provide users with intelligent features such as voice recognition, biometric authentication, gesture control, and real-time data monitoring. Smart appliances, also known as intelligent appliances, have the ability to measure and control their energy usage and communicate the same to homeowners. These appliances can be linked to smart energy meters or home energy management systems which can further help to reduce electricity usage during off-peak hours. The evolution of a number of consumer appliances with improved internet connectivity and smartphones, leverage the market for IoT nodes and gateway in the consumer electronics.

The IoT Node and Gateway market in North America is estimated to account for largest share during the forecast period.

North American cities are transforming into hubs of innovation with a focus on smart infrastructure. This push for smarter systems heavily relies on networks of IoT nodes and gateways, acting as the backbone for data collection, communication, and analysis. According to reviews.org data of September 2023, an average American owns eight smart devices and intends to purchase four new ones within the next year. Personal electronics like phones, computers, and wearables are currently the most popular, but standalone smart home devices such as smart video doorbells, cameras, and light bulbs are gaining traction, especially considering the 35.6% ownership of smart speakers.

IoT Node and Gateway Market by Region

IoT Node and Gateway Market by Region

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Key Market Players

Major vendors in the IoT Node and Gateway market companies Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
Apart from this, Siemens (Germany), Helium Systems Inc. (US), Samsara Networks Inc. (US), Beep Inc. (US), Estimote Inc. (US), AAEON Technology Inc. (Taiwan), Nexcom International Co., Ltd. (Taiwan), Eurotech (Italy), ADLINK Technology Inc. (Taiwan), VOLANSYS  (US), Embitel Technologies (India), Mitsubishi Electric Corporation (Japan), Lantronix, Inc. (US), Cradlepoint, Inc (US), are among a few emerging companies in the IoT Node and Gateway market.

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Scope of the Report

Report Metric

Details

Market size available for years

2020—2029

Base year

2023

Forecast period

2024—2029

Segments covered

Hardware, End-use Application, and Region

Geographic regions covered

North America, Europe, Asia Pacific, and RoW

Companies covered

The major players include Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.- total 26 players have been covered.

IoT Node and Gateway Market Highlights

This research report categorizes the IoT Node and Gateway market into Hardware, End-use Application, and Region.

Segment

Subsegment

By Hardware:
  • Processor
  • Connectivity IC
  • Sensor
  • Memory
  • Logic Device

By End-use Application:
  • Industrial
    • Healthcare
    • Automotive & Transportation
    • Building Automation
    • Manufacturing
    • Retail
    • BFSI
    • Oil and Gas
    • Agriculture
    • Aerospace and Defense
  • Consumer
    • Wearable Devices
    • Consumer Electronics

By Region:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East
      • GCC Countries
      • Rest of Middle East
    • Africa

Recent Developments

  • In January 2024, STMicroelectronics introduced a long-range, low-power IoT System-in-Package programmable module built with dual-core STM32WL55JC wireless system-on-chip (SoC). The module saves bill-of-materials costs and time to market for remote metering, monitoring, and smart-sensing devices – enabling simple, immediate and effective LPWAN wireless connectivity.
  • In December 2023, Siemens (Germany) and Intel Corporation (US)collaborated to enhance semiconductor manufacturing efficiency and sustainability across the value chain. Leveraging IoT and automation solutions, they aim to drive digitalization and resilience in microelectronics manufacturing.

Key Questions Addressed in the Report:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 56)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 IOT NODE AND GATEWAY MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 IMPACT OF RECESSION 
           FIGURE 2 GDP GROWTH PROJECTION DATA FOR MAJOR ECONOMIES, 2021–2023
    1.1 GDP GROWTH PROJECTION FOR MAJOR ECONOMIES UNTIL 2024 
 
2 RESEARCH METHODOLOGY (Page No. - 64)
    2.1 RESEARCH DATA 
           FIGURE 3 IOT NODE AND GATEWAY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key participants in primary interviews
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Insights of industry experts
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH (DEMAND SIDE): BOTTOM-UP APPROACH TO ESTIMATE IOT NODE AND GATEWAY MARKET SIZE
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size using bottom-up approach (demand side)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size using top-down approach (supply side)
    2.3 DATA TRIANGULATION 
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           FIGURE 8 ASSUMPTIONS OF RESEARCH STUDY
    2.5 RISK ASSESSMENT 
           TABLE 1 LIMITATIONS & ASSOCIATED RISKS
    2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON MARKET 
    2.7 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 77)
    FIGURE 9 CONNECTIVITY ICS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 10 CONSUMER SEGMENT TO DOMINATE IOT NODE AND GATEWAY MARKET FROM 2024 TO 2029
    FIGURE 11 ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 81)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN IOT NODE AND GATEWAY MARKET 
           FIGURE 12 INCREASING USE OF 5G TO POWER IOT TECHNOLOGIES TO BOOST MARKET
    4.2 IOT NODE AND GATEWAY MARKET, BY HARDWARE 
           FIGURE 13 LOGIC DEVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION 
           FIGURE 14 CONSUMER ELECTRONICS SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023
    4.4 IOT NODE AND GATEWAY MARKET, BY COUNTRY 
           FIGURE 15 IOT NODE AND GATEWAY MARKET IN CHINA TO RECORD HIGHEST CAGR FROM 2024 TO 2029
 
5 MARKET OVERVIEW (Page No. - 83)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 IOT NODE AND GATEWAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Emergence of 5G technology
                               FIGURE 17 GLOBAL INTERNET PENETRATION RATE
                    5.2.1.2 Growing use of wireless smart sensors and networks
                    5.2.1.3 Provision of increased IP address space through IPv6
                               FIGURE 18 CONNECTION OF NODES TO CLOUD VIA IPV6
                    5.2.1.4 Increasing need for data centers
                    5.2.1.5 Growing market for connected devices
                    5.2.1.6 Focus on industrial automation and Industry 4.0
                               FIGURE 19 IOT NODE AND GATEWAY MARKET: IMPACT OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Concerns regarding security and data privacy
                    5.2.2.2 High power consumption by wireless sensor terminals and connected devices
                               FIGURE 20 IOT NODE AND GATEWAY MARKET: IMPACT OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Cross-domain collaborations
                               FIGURE 21 CROSS-DOMAIN IOT COLLABORATIONS
                    5.2.3.2 Government support for research and development of IoT technologies
                    5.2.3.3 Accelerated IoT adoption in healthcare sector
                               FIGURE 22 HEALTHCARE APPLICATIONS OF IOT
                               FIGURE 23 IOT NODE AND GATEWAY MARKET: IMPACT OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of common protocols and communication standards
                               TABLE 2 KEY PLATFORMS SUPPORTING MULTIPLE COMMUNICATION STANDARDS
                    5.2.4.2 Requirement for wireless spectrum and licensed spectrum
                               TABLE 3 TYPES OF BANDS USED IN IOT MARKET
                    5.2.4.3 Project delays due to shortage of skilled personnel and connectivity issues
                               FIGURE 24 IOT NODE AND GATEWAY MARKET: IMPACT OF CHALLENGES
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE (ASP) TREND, BY HARDWARE
                    TABLE 4 AVERAGE SELLING PRICE (ASP) TREND, BY HARDWARE, 2020–2029 (USD)
                    FIGURE 26 AVERAGE SELLING PRICE (ASP) TREND, BY HARDWARE, 2020–2029 (USD)
           5.4.2 AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY HARDWARE
                    FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND FOR HARDWARE OFFERED BY KEY PLAYERS (USD)
                    TABLE 5 AVERAGE SELLING PRICE (ASP) TREND FOR HARDWARE OFFERED BY KEY PLAYERS (USD)
           5.4.3 AVERAGE SELLING PRICE (ASP) TREND, BY REGION
                    FIGURE 28 AVERAGE SELLING PRICE (ASP) TREND FOR CONNECTIVITY ICS, BY REGION, 2020–2029 (USD)
                    FIGURE 29 AVERAGE SELLING PRICE (ASP) TREND FOR PROCESSORS, BY REGION, 2020–2029 (USD)
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 30 IOT NODE AND GATEWAY MARKET: VALUE CHAIN ANALYSIS
    5.6 ECOSYSTEM ANALYSIS 
           FIGURE 31 IOT NODE AND GATEWAY ECOSYSTEM
           TABLE 6 ROLES OF COMPANIES IN IOT NODE AND GATEWAY ECOSYSTEM
    5.7 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 32 INVESTMENT AND FUNDING SCENARIO FOR STARTUPS, 2020–2023 (USD MILLION)
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 KEY TECHNOLOGIES
                    5.8.1.1 Edge computing
                    5.8.1.2 Wireless communication protocols
           5.8.2 COMPLEMENTARY TECHNOLOGIES
                    5.8.2.1 Artificial intelligence
                    5.8.2.2 Machine learning
                    5.8.2.3 Digital twin
                    5.8.2.4 Big data analytics
           5.8.3 ADJACENT TECHNOLOGIES
                    5.8.3.1 Cloud computing
    5.9 PATENT ANALYSIS 
           TABLE 7 IOT NODE AND GATEWAY-RELATED PATENT REGISTRATIONS
           FIGURE 33 NUMBER OF PATENTS GRANTED PER YEAR, 2014–2024
           FIGURE 34 COMPANIES WITH MAXIMUM PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS
    5.10 TRADE ANALYSIS 
           5.10.1 HVAC SYSTEMS
                    5.10.1.1 Import scenario (HS code 8415 and HS code 841510)
                                FIGURE 35 IMPORT DATA FOR AIR CONDITIONING MACHINES DESIGNED TO BE FIXED TO WINDOW, WALL, CEILING OR FLOOR, SELF-CONTAINED OR ‘SPLIT-SYSTEM’, BY COUNTRY, 2018–2022 (USD MILLION)
                    5.10.1.2 Export scenario (HS code 8415 and HS code 841510)
                                FIGURE 36 EXPORT DATA FOR AIR CONDITIONING MACHINES DESIGNED TO BE FIXED TO A WINDOW, WALL, CEILING OR FLOOR, SELF-CONTAINED OR ‘SPLIT-SYSTEM’, BY COUNTRY, 2018–2022 (USD MILLION)
           5.10.2 VIDEO SURVEILLANCE SYSTEMS
                    5.10.2.1 Import scenario (HS code 8525 and HS code 852580)
                                FIGURE 37 IMPORT DATA FOR TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS, BY COUNTRY, 2018–2022 (USD MILLION)
                    5.10.2.2 Export scenario (HS code 8525 and HS code 852580)
                                FIGURE 38 EXPORT DATA FOR TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS, BY COUNTRY, 2018–2022 (USD MILLION)
           5.10.3 FIRE PROTECTION SYSTEMS
                    5.10.3.1 Import scenario (HS code 8424 and HS code 842410)
                                FIGURE 39 IMPORT DATA FOR FIRE EXTINGUISHERS, WHETHER OR NOT CHARGED, BY COUNTRY, 2018–2022 (USD MILLION)
                    5.10.3.2 Export scenario (HS code 8424 and HS code 842410)
                                FIGURE 40 EXPORT DATA FOR FIRE EXTINGUISHERS, WHETHER OR NOT CHARGED, BY COUNTRY, 2018–2022 (USD MILLION)
    5.11 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 9 IOT NODE AND GATEWAY MARKET: KEY CONFERENCES AND EVENTS, 2024–2025
    5.12 CASE STUDY ANALYSIS 
           5.12.1 OPTIMIZING IOT GATEWAY DEPLOYMENT FOR SMART CAMPUSES
           5.12.2 IMPROVING IOT GATEWAY PERFORMANCE FOR REMOTE MONITORING SYSTEMS
           5.12.3 DEVELOPING IOT GATEWAY SOLUTION FOR SMART CITY INFRASTRUCTURE
           5.12.4 IMPLEMENTING EDGE COMPUTING SOLUTIONS FOR INDUSTRIAL IOT
           5.12.5 ENHANCING IOT GATEWAY PERFORMANCE FOR INDUSTRIAL APPLICATIONS
    5.13 REGULATORY LANDSCAPE 
           5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.13.2 STANDARDS AND REGULATIONS RELATED TO IOT NODES AND GATEWAYS
                    TABLE 14 NORTH AMERICA: SAFETY STANDARDS FOR IOT NODES AND GATEWAYS
                    TABLE 15 EUROPE: SAFETY STANDARDS FOR IOT NODES AND GATEWAYS
                    TABLE 16 ASIA PACIFIC: SAFETY STANDARDS FOR IOT NODES AND GATEWAYS
                    TABLE 17 ROW: SAFETY STANDARDS FOR IOT NODES AND GATEWAYS
    5.14 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 18 IMPACT OF PORTER’S FIVE FORCES ON IOT NODE AND GATEWAY MARKET
           FIGURE 41 IOT NODE AND GATEWAY MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.14.1 THREAT OF NEW ENTRANTS
           5.14.2 THREAT OF SUBSTITUTES
           5.14.3 BARGAINING POWER OF SUPPLIERS
           5.14.4 BARGAINING POWER OF BUYERS
           5.14.5 INTENSITY OF COMPETITIVE RIVALRY
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 42 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE APPLICATIONS
                    TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE APPLICATIONS (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 43 KEY BUYING CRITERIA FOR TOP THREE END-USE APPLICATIONS
                    TABLE 20 KEY BUYING CRITERIA FOR TOP THREE END-USE APPLICATIONS
 
6 IOT NODE AND GATEWAY MARKET, BY HARDWARE (Page No. - 143)
    6.1 INTRODUCTION 
           FIGURE 44 IOT NODE AND GATEWAY MARKET, BY HARDWARE
           TABLE 21 IOT NODE AND GATEWAY MARKET, BY HARDWARE, 2020–2023 (MILLION UNITS)
           TABLE 22 IOT NODE AND GATEWAY MARKET, BY HARDWARE, 2024–2029 (MILLION UNITS)
           FIGURE 45 CONNECTIVITY ICS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE FROM 2024 TO 2029
    6.2 PROCESSORS 
           TABLE 23 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY TYPE, 2020–2023 (MILLION UNITS)
           TABLE 24 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY TYPE, 2024–2029 (MILLION UNITS)
           6.2.1 MICROCONTROLLER UNIT (MCU)
                    6.2.1.1 Rising integration of MCUs in wearable devices
           6.2.2 MICROPROCESSOR UNIT (MPU)
                    6.2.2.1 Growing proliferation of MPUs in industrial automation
           6.2.3 DIGITAL SIGNAL PROCESSOR (DSP)
                    6.2.3.1 Increasing demand for DSPs in aerospace & defense
           6.2.4 APPLICATION PROCESSOR (AP)
                    6.2.4.1 Rising deployment of APs in wearable devices
                               TABLE 25 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 26 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                               TABLE 27 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 28 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                               TABLE 29 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 30 IOT NODE AND GATEWAY MARKET FOR PROCESSORS, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
    6.3 SENSORS 
           6.3.1 USED TO MEASURE VARIOUS PARAMETERS IN IOT DEVICES
                    TABLE 31 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY TYPE, 2020–2023 (MILLION UNITS)
                    TABLE 32 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY TYPE, 2024–2029 (MILLION UNITS)
           6.3.2 ACCELEROMETER
           6.3.3 INERTIAL MEASUREMENT UNIT (IMU)
           6.3.4 HEART RATE SENSOR
           6.3.5 PRESSURE SENSOR
           6.3.6 TEMPERATURE SENSOR
           6.3.7 BLOOD GLUCOSE SENSOR
           6.3.8 BLOOD OXYGEN SENSOR
           6.3.9 ELECTROCARDIOGRAM (ECG) SENSOR
           6.3.10 HUMIDITY SENSOR
           6.3.11 IMAGE SENSOR
           6.3.12 AMBIENT LIGHT SENSOR
           6.3.13 FLOW SENSOR
           6.3.14 LEVEL SENSOR
           6.3.15 CHEMICAL SENSOR
           6.3.16 CARBON MONOXIDE SENSOR
           6.3.17 MOTION AND POSITION SENSOR
           6.3.18 CAMERA MODULE
           6.3.19 OTHER SENSORS
                    TABLE 33 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 34 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 35 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 36 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 37 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 38 IOT NODE AND GATEWAY MARKET FOR SENSORS, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
    6.4 CONNECTIVITY INTEGRATED CIRCUITS (ICS) 
           6.4.1 CONNECTIVITY TECHNOLOGY
                    TABLE 39 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                    TABLE 40 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                    6.4.1.1 Wired
                               6.4.1.1.1 Ethernet/IP
                                             6.4.1.1.1.1 Increasing demand for seamless connectivity in vehicles
                               6.4.1.1.2 Modbus
                                             6.4.1.1.2.1 Growing applications across industries
                               6.4.1.1.3 Process Field Network (PROFINET)
                                             6.4.1.1.3.1 Widespread adoption in various sectors
                               6.4.1.1.4 Foundation Fieldbus (FF)
                                             6.4.1.1.4.1 Increasing use for process automation, monitoring, and control
                                                            TABLE 41 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRED CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                                                            TABLE 42 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRED CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                    6.4.1.2 Wireless
                               6.4.1.2.1 ANT+
                                             6.4.1.2.1.1 Rising demand due to preference for battery-powered devices
                               6.4.1.2.2 Bluetooth
                                             6.4.1.2.2.1 Wide adoption due to low power consumption and versatility
                               6.4.1.2.3 Bluetooth Smart/Bluetooth Low Energy (BLE)
                                             6.4.1.2.3.1 Suited for smart devices like speakers, wearables, and wireless earbuds
                               6.4.1.2.4 ZigBee
                                             6.4.1.2.4.1 Increasing applications across devices requiring short-range transmission
                               6.4.1.2.5 Wireless Fidelity (Wi-Fi)
                                             6.4.1.2.5.1 Continued popularity due to elevated data transfer rates
           FIGURE 46 KEY WI-FI ENABLED IOT DEVICES
                               6.4.1.2.6 Near-field Communication (NFC)
                                             6.4.1.2.6.1 Enables two-way communication between devices
                               6.4.1.2.7 Cellular network
                                             6.4.1.2.7.1 Ideal for IoT applications operating over long distances
                               6.4.1.2.8 WirelessHART
                                             6.4.1.2.8.1 Used to collect data from sensors in different locations
                               6.4.1.2.9 Global Positioning System (GPS)/Global Navigation Satellite System (GNSS) module
                                             6.4.1.2.9.1 Utilizes satellites to provide positioning information
                               6.4.1.2.10 ISA100
                                             6.4.1.2.10.1 Allows swift creation and modification of wireless networks for critical applications
                               6.4.1.2.11 Bluetooth/WLAN
                                             6.4.1.2.11.1 Facilitates real-time monitoring and data sharing in healthcare industry
                                                            TABLE 43 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                                                            TABLE 44 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                                                            TABLE 45 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                                                            TABLE 46 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                                                            TABLE 47 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                                                            TABLE 48 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                                                            TABLE 49 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                                                            TABLE 50 IOT NODE AND GATEWAY MARKET FOR CONNECTIVITY INTEGRATED CIRCUITS, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
    6.5 MEMORY DEVICES 
           6.5.1 ON-CHIP MEMORY
                    6.5.1.1 Offers high-speed performance with reduced power consumption
                               TABLE 51 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 52 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY TYPE, 2024–2029 (MILLION UNITS)
           6.5.2 OFF-CHIP MEMORY/EXTERNAL MEMORY
                    6.5.2.1 Provides significantly larger storage capacity
                               FIGURE 47 FLOW OF DATA FROM EDGE DEVICES/NODES TO STORAGE CENTERS VIA GATEWAYS
                               TABLE 53 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 54 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                               TABLE 55 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 56 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                               TABLE 57 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 58 IOT NODE AND GATEWAY MARKET FOR MEMORY DEVICES, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
    6.6 LOGIC DEVICES 
           6.6.1 FIELD-PROGRAMMABLE GATE ARRAY (FPGA)
                    6.6.1.1 Development of low-power FPGAs for energy-efficient operation
                               TABLE 59 IOT NODE AND GATEWAY MARKET FOR LOGIC DEVICES, 2020–2023 (MILLION UNITS)
                               TABLE 60 IOT NODE AND GATEWAY MARKET FOR LOGIC DEVICES, 2024–2029 (MILLION UNITS)
                               TABLE 61 IOT NODE AND GATEWAY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                               TABLE 62 IOT NODE AND GATEWAY MARKET FOR LOGIC DEVICES, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
 
7 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION (Page No. - 185)
    7.1 INTRODUCTION 
           FIGURE 48 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION
           TABLE 63 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION, 2020–2023 (USD BILLION)
           TABLE 64 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION, 2024–2029 (USD BILLION)
           TABLE 65 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
           TABLE 66 IOT NODE AND GATEWAY MARKET, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
           FIGURE 49 CONSUMER SEGMENT TO LEAD IOT NODE AND GATEWAY MARKET FROM 2024 TO 2029
           TABLE 67 IOT NODE AND GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2020–2023 (USD MILLION)
           TABLE 68 IOT NODE AND GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2024–2029 (USD MILLION)
           FIGURE 50 CONSUMER ELECTRONICS SEGMENT TO DOMINATE MARKET FROM 2024 TO 2029
           TABLE 69 IOT NODE AND GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2020–2023 (MILLION UNITS)
           TABLE 70 IOT NODE AND GATEWAY MARKET , BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2024–2029 (MILLION UNITS)
           TABLE 71 IOT NODE MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2020–2023 (USD MILLION)
           TABLE 72 IOT NODE MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2024–2029 (USD MILLION)
           TABLE 73 IOT NODE MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2020–2023 (MILLION UNITS)
           TABLE 74 IOT NODE MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2024–2029 (MILLION UNITS)
           TABLE 75 IOT GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2020–2023 (USD MILLION)
           TABLE 76 IOT GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2024–2029 (USD MILLION)
           TABLE 77 IOT GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2020–2023 (THOUSAND UNITS)
           TABLE 78 IOT GATEWAY MARKET, BY INDUSTRIAL AND CONSUMER END-USE APPLICATION, 2024–2029 (MILLION UNITS)
    7.2 INDUSTRIAL 
           7.2.1 HEALTHCARE
                    7.2.1.1 Increasing digitalization to boost demand
                               TABLE 79 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 80 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 81 IOT NODE MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 82 IOT NODE MARKET FOR HEALTHCARE, BY DEVICE TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 83 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 84 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 85 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 86 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 87 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY PROCESSOR TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 88 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY PROCESSOR TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 89 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 90 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 91 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 92 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 93 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 94 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 95 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 96 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 97 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 98 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 99 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 100 IOT NODE AND GATEWAY MARKET FOR HEALTHCARE IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.1.2 Device types
                               7.2.1.2.1 Fitness and heart rate monitors
                               7.2.1.2.2 Blood pressure monitors
                               7.2.1.2.3 Blood glucose meters
                               7.2.1.2.4 Continuous glucose monitors
                               7.2.1.2.5 Pulse oximeters
                               7.2.1.2.6 Automated external defibrillators
                               7.2.1.2.7 Programmable syringe pumps
                               7.2.1.2.8 Wearable injectors
                               7.2.1.2.9 Multiparameter monitors
                               7.2.1.2.10 Fall detectors
                               7.2.1.2.11 Smart pill dispensers
                               7.2.1.2.12 Gateways
           7.2.2 AUTOMOTIVE & TRANSPORTATION
                    7.2.2.1 Autonomous cars and intelligent transportation trends to fuel market growth
                               TABLE 101 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 102 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 103 IOT NODE MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 104 IOT NODE MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 105 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 106 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY DEVICE TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 107 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 108 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 109 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 110 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 111 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 112 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 113 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 114 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 115 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 116 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 117 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 118 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 119 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 120 IOT NODE AND GATEWAY MARKET FOR AUTOMOTIVE & TRANSPORTATION IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.2.2 Device types
                               7.2.2.2.1 Connected cars
                                             7.2.2.2.1.1 Level 1 – driver assistance
                                                            7.2.2.2.1.1.1 Adaptive cruise control (ACC)
                                                            7.2.2.2.1.1.2 Lane departure warning system (LDWS)
                                                            7.2.2.2.1.1.3 Parking assist (PA) system
                                             7.2.2.2.1.2 Level 2 – partial automation
                                                            7.2.2.2.1.2.1 Lane keeps assist (LKA) and ACC (improved)
                                                            7.2.2.2.1.2.2 PA (improved)
                                             7.2.2.2.1.3 Level 3 – conditional automation
                                                            7.2.2.2.1.3.1 Traffic jam chauffeur
                                                            7.2.2.2.1.3.2 Highway driving
                                             7.2.2.2.1.4 Level 4 – high automation
                                                            7.2.2.2.1.4.1 Sensor fusion
                                                            7.2.2.2.1.4.2 Automatic pilot highway
                               7.2.2.2.2 Ultrasonic sensors
                               7.2.2.2.3 Cameras/image sensors
                               7.2.2.2.4 Radar
                               7.2.2.2.5 LiDAR
                               7.2.2.2.6 Infrared (IR) detectors
                    7.2.2.3 In-car infotainment
                    7.2.2.4 Traffic management systems
                               7.2.2.4.1 Vehicle detection sensor
                               7.2.2.4.2 Pedestrian presence sensor
                               7.2.2.4.3 Speed sensor
                               7.2.2.4.4 Thermal camera
                               7.2.2.4.5 Automated incident detection (AID) camera
                    7.2.2.5 Public transport/mass transit systems
                    7.2.2.6 E-tolls/E-highways
                    7.2.2.7 Gateways
           7.2.3 BUILDING AUTOMATION
                    7.2.3.1 Need for energy efficiency and enhanced security to drive market
                               TABLE 121 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 122 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 123 IOT NODE MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 124 IOT NODE MARKET FOR BUILDING AUTOMATION, BY DEVICE TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 125 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 126 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 127 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 128 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 129 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY PROCESSOR TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 130 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY PROCESSOR TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 131 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 132 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 133 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 134 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 135 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 136 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 137 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 138 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 139 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 140 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 141 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 142 IOT NODE AND GATEWAY MARKET FOR BUILDING AUTOMATION IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.3.2 Device types
                               7.2.3.2.1 Occupancy sensors
                               7.2.3.2.2 Daylight sensors
                               7.2.3.2.3 Smart thermostats
                               7.2.3.2.4 IP cameras
                               7.2.3.2.5 Smart meters
                               7.2.3.2.6 Smart locks
                               7.2.3.2.7 Smoke detectors
                               7.2.3.2.8 Gateways
           7.2.4 MANUFACTURING
                    7.2.4.1 Growing adoption of Industry 4.0 to drive demand
                               TABLE 143 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 144 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 145 IOT NODE MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 146 IOT NODE MARKET FOR MANUFACTURING, BY DEVICE TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 147 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 148 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 149 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 150 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 151 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                               TABLE 152 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                               TABLE 153 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY WIRED CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                               TABLE 154 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY WIRED CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                               TABLE 155 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                               TABLE 156 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                               TABLE 157 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 158 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 159 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 160 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 161 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 162 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 163 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 164 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 165 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 166 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 167 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 168 IOT NODE AND GATEWAY MARKET FOR MANUFACTURING IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.4.2 Device types
                               7.2.4.2.1 Temperature sensors
                               7.2.4.2.2 Pressure sensors
                               7.2.4.2.3 Level sensors
                               7.2.4.2.4 Flow sensors
                               7.2.4.2.5 Chemical sensors
                               7.2.4.2.6 Humidity sensors
                               7.2.4.2.7 Motion & position sensors
                               7.2.4.2.8 Image sensors
                               7.2.4.2.9 Gateways
           7.2.5 RETAIL
                    7.2.5.1 Growing popularity of digital signage and intelligent vending machines to drive market
                               TABLE 169 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 170 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 171 IOT NODE MARKET FOR RETAIL, BY DEVICE TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 172 IOT NODE MARKET FOR RETAIL, BY DEVICE TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 173 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 174 IO IOT NODE AND GATEWAY MARKET FOR RETAIL, BY TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 175 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 176 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 177 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 178 IOT NODE AND GATEWAY MARKET FOR RETAIL, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 179 IOT NODE AND GATEWAY MARKET FOR RETAIL IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 180 IOT NODE AND GATEWAY MARKET FOR RETAIL IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 181 IOT NODE AND GATEWAY MARKET FOR RETAIL IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 182 IOT NODE AND GATEWAY MARKET FOR RETAIL IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 183 IOT NODE AND GATEWAY MARKET FOR RETAIL IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 184 IOT NODE AND GATEWAY MARKET FOR RETAIL IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 185 IOT NODE AND GATEWAY MARKET FOR RETAIL IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 186 IOT NODE AND GATEWAY MARKET FOR RETAIL IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 187 IOT NODE AND GATEWAY MARKET FOR RETAIL IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 188 IOT NODE AND GATEWAY MARKET FOR RETAIL IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.5.2 Device types
                               7.2.5.2.1 Intelligent vending machines
           FIGURE 51 INTELLIGENT VENDING MACHINE USING IOT GATEWAY
                               7.2.5.2.2 Contactless checkout/Point of sale systems
                               7.2.5.2.3 Smart mirrors
                               7.2.5.2.4 Smart shopping carts
                               7.2.5.2.5 Digital signage
                               7.2.5.2.6 Smart tags
                               7.2.5.2.7 Wireless beacons
                               7.2.5.2.8 Gateways
           7.2.6 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
                    7.2.6.1 Rising adoption of mPOS and smart kiosks to boost market
                               FIGURE 52 KEY APPLICATIONS OF IOT IN BFSI
                               TABLE 189 IOT NODE AND GATEWAY MARKET FOR BFSI, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 190 IOT NODE AND GATEWAY MARKET FOR BFSI, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 191 IOT NODE MARKET FOR BFSI, BY DEVICE TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 192 IOT NODE MARKET FOR BFSI, BY DEVICE TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 193 IOT NODE & GATEWAY MARKET FOR BFSI, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 194 IOT NODE AND GATEWAY MARKET FOR BFSI, BY TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 195 IOT NODE AND GATEWAY MARKET FOR BFSI, BY HARDWARE, 2020–2023 (THOUSAND UNITS)
                               TABLE 196 IOT NODE AND GATEWAY MARKET FOR BFSI, BY HARDWARE, 2024–2029 (THOUSAND UNITS)
                               TABLE 197 IOT NODE AND GATEWAY MARKET FOR BFSI, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 198 IOT NODE AND GATEWAY MARKET FOR BFSI, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 199 IOT NODE AND GATEWAY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 200 IOT NODE AND GATEWAY MARKET FOR BFSI IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 201 IOT NODE AND GATEWAY MARKET FOR BFSI IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 202 IOT NODE AND GATEWAY MARKET FOR BFSI IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 203 IOT NODE AND GATEWAY MARKET FOR BFSI IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 204 IOT NODE AND GATEWAY MARKET FOR BFSI IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 205 IOT NODE AND GATEWAY MARKET FOR BFSI IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 206 IOT NODE AND GATEWAY MARKET FOR BFSI IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 207 IOT NODE AND GATEWAY MARKET FOR BFSI IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 208 IOT NODE AND GATEWAY MARKET FOR BFSI IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.6.2 Device types
                               7.2.6.2.1 Mobile point of sale (mPOS) solutions
                               7.2.6.2.2 Smart/Interactive kiosks
                               7.2.6.2.3 Gateways
           7.2.7 OIL & GAS
                    7.2.7.1 Need for remote monitoring of operations to propel market growth
                               TABLE 209 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY SENSOR TYPE, 2020–2023 (USD THOUSAND)
                               TABLE 210 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY SENSOR TYPE, 2024–2029 (USD THOUSAND)
                               TABLE 211 IOT NODE MARKET FOR OIL & GAS, BY SENSOR TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 212 IOT NODE MARKET FOR OIL & GAS, BY SENSOR TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 213 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 214 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 215 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 216 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 217 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                               TABLE 218 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                               TABLE 219 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY TECHNOLOGY, 2020–2023 (MILLION UNITS)
                               TABLE 220 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY WIRED CONNECTIVITY TECHNOLOGY, 2024–2029 (MILLION UNITS)
                               TABLE 221 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2020–2023 (THOUSAND UNITS)
                               TABLE 222 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY WIRELESS CONNECTIVITY TECHNOLOGY, 2024–2029 (THOUSAND UNITS)
                               TABLE 223 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 224 IOT NODE AND GATEWAY MARKET FOR OIL & GAS, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 225 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 226 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 227 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 228 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 229 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 230 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 231 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 232 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 233 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 234 IOT NODE AND GATEWAY MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.7.2 Device types
                               7.2.7.2.1 Temperature sensors
                               7.2.7.2.2 Pressure sensors
                               7.2.7.2.3 Level sensors
                               7.2.7.2.4 Flow sensors
                               7.2.7.2.5 Image sensors
                               7.2.7.2.6 Other sensors
                               7.2.7.2.7 Gateways
           7.2.8 AGRICULTURE
                    7.2.8.1 Increasing adoption of smart farming practices to drive market
                               FIGURE 53 KEY APPLICATIONS OF IOT IN AGRICULTURE
                               TABLE 235 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2020–2023 (USD MILLION)
                               TABLE 236 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2024–2029 (USD MILLION)
                               TABLE 237 IOT NODE MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 238 IOT NODE MARKET FOR AGRICULTURE, BY SENSOR TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 239 IOT NODE & GATEWAY MARKET FOR AGRICULTURE, BY TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 240 IOT NODE & GATEWAY MARKET FOR AGRICULTURE, BY TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 241 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE, BY HARDWARE, 2020–2023 (THOUSAND UNITS)
                               TABLE 242 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE, BY HARDWARE, 2024–2029 (THOUSAND UNITS)
                               TABLE 243 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE, BY REGION, 2020–2023 (USD THOUSAND)
                               TABLE 244 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE, BY REGION, 2024–2029 (USD THOUSAND)
                               TABLE 245 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD THOUSAND)
                               TABLE 246 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD THOUSAND)
                               TABLE 247 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2020–2023 (USD THOUSAND)
                               TABLE 248 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN EUROPE, BY COUNTRY, 2024–2029 (USD THOUSAND)
                               TABLE 249 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD THOUSAND)
                               TABLE 250 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD THOUSAND)
                               TABLE 251 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN ROW, BY COUNTRY, 2020–2023 (USD THOUSAND)
                               TABLE 252 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN ROW, BY COUNTRY, 2024–2029 (USD THOUSAND)
                               TABLE 253 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD THOUSAND)
                               TABLE 254 IOT NODE AND GATEWAY MARKET FOR AGRICULTURE IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD THOUSAND)
                    7.2.8.2 Device types
                               7.2.8.2.1 Climate sensors
                               7.2.8.2.2 Soil moisture sensors
                               7.2.8.2.3 Level sensors
                               7.2.8.2.4 Gateways
           7.2.9 AEROSPACE & DEFENSE
                    7.2.9.1 Increasing demand for enhanced national security to boost market
                               TABLE 255 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 256 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 257 IOT NODE MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 258 IOT NODE MARKET FOR AEROSPACE & DEFENSE, BY DEVICE TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 259 IOT NODE & GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 260 IOT NODE & GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 261 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY HARDWARE, 2020–2023 (THOUSAND UNITS)
                               TABLE 262 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY HARDWARE, 2024–2029 (THOUSAND UNITS)
                               TABLE 263 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 264 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 265 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 266 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 267 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 268 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 269 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 270 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 271 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 272 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 273 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 274 IOT NODE AND GATEWAY MARKET FOR AEROSPACE & DEFENSE IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.2.9.2 Device types
                               7.2.9.2.1 Smart baggage tags
                               7.2.9.2.2 Smart beacons
                               7.2.9.2.3 Drones/Unmanned aerial vehicles (UAVs)
                               7.2.9.2.4 Gateways
    7.3 CONSUMER 
           7.3.1 WEARABLE DEVICES
                    7.3.1.1 Growing adoption of smartwatches to support market growth
                               FIGURE 54 KEY APPLICATIONS OF IOT IN WEARABLE DEVICES
                               TABLE 275 IOT NODE MARKET FOR WEARABLE DEVICES, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 276 IOT NODE MARKET FOR WEARABLE DEVICES, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 277 IOT NODE MARKET FOR WEARABLE DEVICES, BY DEVICE TYPE, 2020–2023 (MILLION UNITS)
                               TABLE 278 IOT NODE MARKET FOR WEARABLE DEVICES, BY DEVICE TYPE, 2024–2029 (MILLION UNITS)
                               TABLE 279 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 280 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 281 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 282 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 283 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 284 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 285 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 286 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 287 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 288 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 289 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 290 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 291 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 292 IOT NODE AND GATEWAY MARKET FOR WEARABLE DEVICES IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.3.1.2 Device types
                               7.3.1.2.1 Activity monitors
                               7.3.1.2.2 Smartwatches
                               7.3.1.2.3 Smart glasses
                               7.3.1.2.4 Body-worn cameras
           7.3.2 CONSUMER ELECTRONICS
                    7.3.2.1 Rising demand for smart appliances to drive market
                               TABLE 293 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2020–2023 (USD MILLION)
                               TABLE 294 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2024–2029 (USD MILLION)
                               TABLE 295 IOT NODE MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 296 IOT NODE MARKET FOR CONSUMER ELECTRONICS, BY DEVICE TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 297 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2020–2023 (THOUSAND UNITS)
                               TABLE 298 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2024–2029 (THOUSAND UNITS)
                               TABLE 299 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY HARDWARE, 2020–2023 (MILLION UNITS)
                               TABLE 300 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY HARDWARE, 2024–2029 (MILLION UNITS)
                               TABLE 301 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 302 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 303 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 304 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 305 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 306 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 307 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 308 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                               TABLE 309 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 310 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN ROW, BY REGION, 2024–2029 (USD MILLION)
                               TABLE 311 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN MIDDLE EAST, BY COUNTRY, 2020–2023 (USD MILLION)
                               TABLE 312 IOT NODE AND GATEWAY MARKET FOR CONSUMER ELECTRONICS IN MIDDLE EAST, BY COUNTRY, 2024–2029 (USD MILLION)
                    7.3.2.2 Device types
                               7.3.2.2.1 Smart lighting
                               7.3.2.2.2 Smart TVs
                               7.3.2.2.3 Smart washing machines
                               7.3.2.2.4 Smart dryers
                               7.3.2.2.5 Smart refrigerators
                               7.3.2.2.6 Smart ovens
                               7.3.2.2.7 Smart cooktops
                               7.3.2.2.8 Smart cookers
                               7.3.2.2.9 Smart deep freezers
                               7.3.2.2.10 Smart dishwashers
                               7.3.2.2.11 Smart coffee makers
                               7.3.2.2.12 Smart kettles
                               7.3.2.2.13 Gateways
 
8 IOT NODE AND GATEWAY MARKET, BY REGION (Page No. - 322)
    8.1 INTRODUCTION 
           FIGURE 55 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2024 TO 2029
           TABLE 313 IOT NODE AND GATEWAY MARKET, BY REGION, 2020–2023 (USD BILLION)
           TABLE 314 IOT NODE AND GATEWAY MARKET, BY REGION, 2024–2029 (USD BILLION)
           TABLE 315 IOT NODE AND GATEWAY MARKET, BY REGION, 2020–2023 (MILLION UNITS)
           TABLE 316 IOT NODE AND GATEWAY MARKET, BY REGION, 2024–2029 (MILLION UNITS)
    8.2 NORTH AMERICA 
           8.2.1 NORTH AMERICA: RECESSION IMPACT
                    FIGURE 56 NORTH AMERICA: IOT NODE AND GATEWAY MARKET SNAPSHOT
                    FIGURE 57 MEXICO TO RECORD HIGHEST CAGR IN NORTH AMERICAN IOT NODE AND GATEWAY MARKET FROM 2024 TO 2029
                    TABLE 317 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 318 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 319 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 320 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 321 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 322 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 323 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 324 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 325 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 326 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 327 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 328 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 329 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 330 IOT NODE AND GATEWAY MARKET IN NORTH AMERICA, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
           8.2.2 US
                    8.2.2.1 Presence of leading IoT companies to drive market
           8.2.3 CANADA
                    8.2.3.1 Increasing investment in IoT by enterprises to boost market
           8.2.4 MEXICO
                    8.2.4.1 Growing penetration of IoT in telecommunications industry to propel market
    8.3 EUROPE 
           8.3.1 EUROPE: RECESSION IMPACT
                    FIGURE 58 EUROPE: IOT NODE AND GATEWAY MARKET SNAPSHOT
                    FIGURE 59 GERMANY TO HOLD MAJOR SHARE OF EUROPEAN IOT NODE AND GATEWAY MARKET DURING FORECAST PERIOD
                    TABLE 331 IOT NODE AND GATEWAY MARKET IN EUROPE, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 332 IOT NODE AND GATEWAY MARKET IN EUROPE, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 333 IOT NODE AND GATEWAY MARKET IN EUROPE, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 334 IOT NODE AND GATEWAY MARKET IN EUROPE, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 335 IOT NODE AND GATEWAY MARKET IN EUROPE, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 336 IOT NODE AND GATEWAY MARKET IN EUROPE, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 337 IOT NODE AND GATEWAY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 338 IOT NODE AND GATEWAY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 339 IOT NODE AND GATEWAY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 340 IOT NODE AND GATEWAY MARKET IN EUROPE, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 341 IOT NODE AND GATEWAY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 342 IOT NODE AND GATEWAY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 343 IOT NODE AND GATEWAY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 344 IOT NODE AND GATEWAY MARKET IN EUROPE, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
           8.3.2 UK
                    8.3.2.1 Government initiatives to drive market
           8.3.3 GERMANY
                    8.3.3.1 Adoption of Industry 4.0 to create market opportunities
           8.3.4 FRANCE
                    8.3.4.1 Increased investment in industrial R&D to fuel demand
           8.3.5 REST OF EUROPE
    8.4 ASIA PACIFIC 
           8.4.1 ASIA PACIFIC: RECESSION IMPACT
                    FIGURE 60 ASIA PACIFIC: IOT NODE AND GATEWAY MARKET SNAPSHOT
                    FIGURE 61 IOT NODE AND GATEWAY MARKET IN CHINA TO RECORD HIGHEST CAGR FROM 2024 TO 2029
                    TABLE 345 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY COUNTRY, 2020–2023 (USD MILLION)
                    TABLE 346 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY COUNTRY, 2024–2029 (USD MILLION)
                    TABLE 347 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 348 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 349 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 350 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 351 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY INDUSTRIAL APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 352 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY INDUSTRIAL APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 353 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 354 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 355 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY CONSUMER APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 356 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY CONSUMER APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 357 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 358 IOT NODE AND GATEWAY MARKET IN ASIA PACIFIC, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
           8.4.2 CHINA
                    8.4.2.1 Government support for IoT to accelerate market growth
           8.4.3 JAPAN
                    8.4.3.1 Developments in telecom industry to drive market
           8.4.4 SOUTH KOREA
                    8.4.4.1 Advancements in consumer electronics to fuel market
           8.4.5 REST OF ASIA PACIFIC
    8.5 REST OF THE WORLD (ROW) 
           8.5.1 ROW: RECESSION IMPACT
                    FIGURE 62 SROW: IOT NODE AND GATEWAY MARKET SNAPSHOT
                    FIGURE 63 IOT NODE AND GATEWAY MARKET IN SOUTH AMERICA TO RECORD HIGHEST CAGR FROM 2024 TO 2029
                    TABLE 359 IOT NODE AND GATEWAY MARKET IN ROW, BY REGION, 2020–2023 (USD MILLION)
                    TABLE 360 IOT NODE AND GATEWAY MARKET IN ROW, BY REGION, 2024–2029 (USD MILLION)
                    TABLE 361 IOT NODE AND GATEWAY MARKET IN ROW, BY END-USE APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 362 IOT NODE AND GATEWAY MARKET IN ROW, BY END-USE APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 363 IOT NODE AND GATEWAY MARKET IN ROW, BY END-USE APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 364 IOT NODE AND GATEWAY MARKET IN ROW, BY END-USE APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 365 IOT NODE AND GATEWAY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 366 IOT NODE AND GATEWAY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 367 IOT NODE AND GATEWAY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 368 IOT NODE AND GATEWAY MARKET IN ROW, BY INDUSTRIAL APPLICATION, 2024–2029 (MILLION UNITS)
                    TABLE 369 IOT NODE AND GATEWAY MARKET IN ROW, BY CONSUMER APPLICATION, 2020–2023 (USD MILLION)
                    TABLE 370 IOT NODE AND GATEWAY MARKET IN ROW, BY CONSUMER APPLICATION, 2024–2029 (USD MILLION)
                    TABLE 371 IOT NODE AND GATEWAY MARKET IN ROW, BY CONSUMER APPLICATION, 2020–2023 (MILLION UNITS)
                    TABLE 372 IOT NODE AND GATEWAY MARKET IN ROW, BY CONSUMER APPLICATION, 2024–2029 (MILLION UNITS)
           8.5.2 MIDDLE EAST
                    8.5.2.1 Rapid urbanization to boost IoT adoption
                               TABLE 373 IOT NODE AND GATEWAY MARKET IN MIDDLE EAST, BY REGION, 2020–2023 (USD MILLION)
                               TABLE 374 IOT NODE AND GATEWAY MARKET IN MIDDLE EAST, BY REGION, 2024–2029 (USD MILLION)
                    8.5.2.2 GCC countries
                    8.5.2.3 Rest of Middle East
           8.5.3 AFRICA
                    8.5.3.1 Increasing mobile internet penetration to bolster market
           8.5.4 SOUTH AMERICA
                    8.5.4.1 Focus on semiconductor industry to drive market
 
9 COMPETITIVE LANDSCAPE (Page No. - 362)
    9.1 OVERVIEW 
    9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 
           TABLE 375 IOT NODE AND GATEWAY MARKET: KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2020–2024
    9.3 REVENUE ANALYSIS, 2019–2023 
           FIGURE 64 REVENUE ANALYSIS OF TOP FIVE PLAYERS IN IOT NODE AND GATEWAY MARKET, 2019–2023
    9.4 MARKET SHARE ANALYSIS, 2023 
           TABLE 376 IOT NODE HARDWARE MARKET: DEGREE OF COMPETITION
           FIGURE 65 IOT NODE HARDWARE MARKET SHARE ANALYSIS, 2023
           TABLE 377 IOT GATEWAY MARKET: RANKING ANALYSIS
    9.5 COMPANY VALUATION AND FINANCIAL METRICS 
           FIGURE 66 IOT NODE AND GATEWAY MARKET: COMPANY VALUATION, 2024
           FIGURE 67 IOT NODE AND GATEWAY MARKET: FINANCIAL METRICS (EV/EBITDA), 2024
    9.6 BRAND/PRODUCT COMPARISON 
           FIGURE 68 IOT NODE AND GATEWAY MARKET: BRAND/PRODUCT COMPARISON
    9.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
           9.7.1 STARS
           9.7.2 EMERGING LEADERS
           9.7.3 PERVASIVE PLAYERS
           9.7.4 PARTICIPANTS
                    FIGURE 69 IOT NODE AND GATEWAY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
           9.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                    9.7.5.1 Company footprint
                               FIGURE 70 IOT NODE AND GATEWAY MARKET: COMPANY FOOTPRINT
                    9.7.5.2 Hardware footprint
                               TABLE 378 IOT NODE AND GATEWAY MARKET: HARDWARE FOOTPRINT
                    9.7.5.3 End-use application footprint
                               TABLE 379 IOT NODE AND GATEWAY MARKET: END-USE APPLICATION FOOTPRINT
                    9.7.5.4 Region footprint
                               TABLE 380 IOT NODE AND GATEWAY MARKET: REGION FOOTPRINT
    9.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
           9.8.1 PROGRESSIVE COMPANIES
           9.8.2 RESPONSIVE COMPANIES
           9.8.3 DYNAMIC COMPANIES
           9.8.4 STARTING BLOCKS
           FIGURE 71 IOT NODE AND GATEWAY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
           9.8.5 COMPETITIVE BENCHMARKING, STARTUPS/SMES, 2023
                    9.8.5.1 List of key start-ups/SMEs
                               TABLE 381 IOT NODE AND GATEWAY MARKET: LIST OF KEY STARTUPS/SMES
                    9.8.5.2 Competitive benchmarking of key startups/SMEs
                               TABLE 382 IOT NODE AND GATEWAY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
    9.9 COMPETITIVE SCENARIO AND TRENDS 
           9.9.1 PRODUCT LAUNCHES & DEVELOPMENTS
                    TABLE 383 IOT NODE AND GATEWAY MARKET: PRODUCT LAUNCHES & DEVELOPMENTS, JUNE 2022–JANUARY 2024
           9.9.2 DEALS
                    TABLE 384 IOT NODE AND GATEWAY MARKET: DEALS, JUNE 2021–DECEMBER 2023
 
10 COMPANY PROFILES (Page No. - 384)
     10.1 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, Recent Developments, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats)*  
             10.1.1 INTEL CORPORATION
                        TABLE 385 INTEL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 72 INTEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 386 INTEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 387 INTEL CORPORATION: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 388 INTEL CORPORATION: DEALS
                        TABLE 389 INTEL CORPORATION: OTHERS
             10.1.2 QUALCOMM TECHNOLOGIES, INC.
                        TABLE 390 QUALCOMM TECHNOLOGIES, INC.: BUSINESS OVERVIEW
                        FIGURE 73 QUALCOMM TECHNOLOGIES, INC.: COMPANY SNAPSHOT
                        TABLE 391 QUALCOMM TECHNOLOGIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 392 QUALCOMM TECHNOLOGIES, INC.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 393 QUALCOMM TECHNOLOGIES, INC.: DEALS
             10.1.3 TEXAS INSTRUMENTS INCORPORATED
                        TABLE 394 TEXAS INSTRUMENTS INCORPORATED: BUSINESS OVERVIEW
                        FIGURE 74 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
                        TABLE 395 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 396 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 397 TEXAS INSTRUMENTS INCORPORATED: DEALS
             10.1.4 STMICROELECTRONICS
                        TABLE 398 STMICROELECTRONICS: BUSINESS OVERVIEW
                        FIGURE 75 STMICROELECTRONICS: COMPANY SNAPSHOT
                        TABLE 399 STMICROELECTRONICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 400 STMICROELECTRONICS: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 401 STMICROELECTRONICS: DEALS
             10.1.5 MICROCHIP TECHNOLOGY INC.
                        TABLE 402 MICROCHIP TECHNOLOGY INC.: BUSINESS OVERVIEW
                        FIGURE 76 MICROCHIP TECHNOLOGY INC.: COMPANY SNAPSHOT
                        TABLE 403 MICROCHIP TECHNOLOGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 404 MICROCHIP TECHNOLOGY INC.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 405 MICROCHIP TECHNOLOGY INC.: DEALS
             10.1.6 HUAWEI TECHNOLOGIES CO., LTD.
                        TABLE 406 HUAWEI TECHNOLOGIES CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 77 HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
                        TABLE 407 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 408 HUAWEI TECHNOLOGIES CO., LTD.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 409 HUAWEI TECHNOLOGIES CO., LTD.: DEALS
             10.1.7 NXP SEMICONDUCTORS N.V.
                        TABLE 410 NXP SEMICONDUCTORS N.V.: BUSINESS OVERVIEW
                        FIGURE 78 NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
                        TABLE 411 NXP SEMICONDUCTORS N.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 412 NXP SEMICONDUCTORS N.V.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 413 NXP SEMICONDUCTORS N.V.: DEALS
             10.1.8 CISCO SYSTEMS, INC.
                        TABLE 414 CISCO SYSTEMS, INC.: BUSINESS OVERVIEW
                        FIGURE 79 CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
                        TABLE 415 CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 416 CISCO SYSTEMS, INC.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 417 CISCO SYSTEMS, INC.: DEALS
             10.1.9 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP
                        TABLE 418 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: BUSINESS OVERVIEW
                        FIGURE 80 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: COMPANY SNAPSHOT
                        TABLE 419 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 420 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 421 HEWLETT PACKARD ENTERPRISE DEVELOPMENT LP: DEALS
             10.1.10 TE CONNECTIVITY LTD.
                        TABLE 422 TE CONNECTIVITY LTD.: BUSINESS OVERVIEW
                        FIGURE 81 TE CONNECTIVITY LTD.: COMPANY SNAPSHOT
                        TABLE 423 TE CONNECTIVITY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 424 TE CONNECTIVITY LTD.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 425 TE CONNECTIVITY LTD.: DEALS
                        TABLE 426 TE CONNECTIVITY LTD.: OTHERS
             10.1.11 ADVANTECH CO., LTD.
                        TABLE 427 ADVANTECH CO., LTD.: BUSINESS OVERVIEW
                        FIGURE 82 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
                        TABLE 428 ADVANTECH CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 429 ADVANTECH CO., LTD.: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 430 ADVANTECH CO., LTD.: DEALS
                        TABLE 431 ADVANTECH CO., LTD.: OTHERS
             10.1.12 DELL TECHNOLOGIES
                        TABLE 432 DELL TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 83 DELL TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 433 DELL TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 434 DELL TECHNOLOGIES: PRODUCT LAUNCHES & DEVELOPMENTS
                        TABLE 435 DELL TECHNOLOGIES: DEALS
*Business Overview, Products/Services/Solutions Offered, Recent Developments, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats might not be captured in case of unlisted companies.  
     10.2 OTHER PLAYERS 
             10.2.1 SIEMENS
             10.2.2 HELIUM SYSTEMS INC.
             10.2.3 SAMSARA NETWORKS INC.
             10.2.4 BEEP INC.
             10.2.5 ESTIMOTE, INC.
             10.2.6 AAEON TECHNOLOGY INC.
             10.2.7 NEXCOM INTERNATIONAL CO., LTD.
             10.2.8 EUROTECH
             10.2.9 ADLINK TECHNOLOGY INC.
             10.2.10 VOLANSYS
             10.2.11 EMBITEL TECHNOLOGIES
             10.2.12 MITSUBISHI ELECTRIC CORPORATION
             10.2.13 LANTRONIX, INC.
             10.2.14 CRADLEPOINT, INC.
 
11 APPENDIX (Page No. - 481)
     11.1 DISCUSSION GUIDE 
     11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     11.3 CUSTOMIZATION OPTIONS 
     11.4 RELATED REPORTS 
     11.5 AUTHOR DETAILS 
 

 

The research process for this technical, market-oriented, and commercial study of the IoT node and gateway market included the systematic gathering, recording, and analysis of data about customers and companies operating in the market. It involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) to identify and collect relevant information. In-depth interviews were conducted with various primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess the growth prospects of the market. Key players in the IoT node and gateway market were identified through secondary research, and their market rankings were determined through primary and secondary research. This included studying annual reports of top players and interviewing key industry experts, such as CEOs, directors, and marketing executives.

Secondary Research

In the secondary research process, various secondary sources were used to identify and collect information for this study. These include annual reports, press releases, and investor presentations of companies, whitepapers, certified publications, and articles from recognized associations and government publishing sources. Research reports from a few consortiums and councils were also consulted to structure qualitative content.

Secondary research has been mainly used to obtain important information about the industry’s value chain, the market’s monetary chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research was accomplished after understanding and analyzing the IoT node and gateway market scenario through secondary research. Several primary interviews were conducted with key opinion leaders from both demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 30% of the primary interviews were conducted with the demand side, and 70% with the supply side. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, such as sales, operations, and administration, were contacted to provide a holistic viewpoint in the report.

IoT Node and Gateway Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Multiple approaches were adopted to estimate and forecast the size of the IoT node and gateway market. The first approach involves estimation of the market size through summation of the revenues generated by companies through the sales of IoT node and gateway devices.

In this approach, all applications of IoT node and gateway market, such as industrial and consumer, have been considered. Different device types/products offered by various players were identified and their sales volume and average selling prices were estimated to derive the market numbers. This data was verified through primary research.

IoT Node and Gateway Market: Bottom-Up Approach

IoT Node and Gateway Market Size, and Bottom-Up Approach

The bottom-up procedure was employed to arrive at the overall size of the IoT node and gateway market from revenues of the key players and their share in the market. The overall market size was calculated on the basis of the revenues of the key companies identified in the market.

IoT Node and Gateway Market: Top-Down Approach

IoT Node and Gateway Market Size, and Top-Down Approach

In the top-down approach, the overall size of the IoT node and gateway market was used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research. To calculate the size of the specific market segments, the size of the most appropriate parent market was used to implement the top-down approach. The bottom-up approach was also implemented for the data extracted from the secondary research to validate the size of various segments of the IoT node and gateway market.

The share of each company in the market was estimated to verify the revenue shares used earlier in the bottom-up approach. With the data triangulation procedure and the validation of data through primaries, sizes of the parent market and each individual market were determined and confirmed. The data triangulation procedure used for this study has been explained in the next section.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size was validated using both top-down and bottom-up approaches.

Market Definition

In the Internet of Things (IoT), a node refers to a device equipped with sensors, actuators, and processing capabilities, enabling it to collect, transmit, and receive data within a network. These nodes serve as endpoints for data generation and are typically deployed in various environments for monitoring and control purposes. On the other hand, a gateway acts as a bridge between IoT devices and external networks, facilitating communication, data aggregation, and protocol translation. Gateways play a crucial role in connecting IoT nodes to the internet or other networks, enabling centralized management, data analysis, and integration with cloud services or backend systems. IoT nodes and gateways form the backbone of interconnected systems, enabling the creation of smart environments, efficient data exchange, and intelligent decision-making.

Key Stakeholders

  • Raw material and manufacturing equipment suppliers
  • Semiconductor wafer vendors
  • Fabless players
  • Foundry players
  • Original equipment manufacturers (OEMs)
  • Original design manufacturers (ODM) and OEM technology solution providers
  • Distributors and retailers
  • Research organizations
  • Technology standard organizations, forums, alliances, and associations
  • Technology investors
  • Operating system (OS) vendors
  • Content providers
  • Software providers

Report Objectives

  • To define, describe, segment, and forecast the IoT node and gateway market size, in terms of value and volume, based on end-use application and hardware
  • To forecast the market size, in terms of value, across North America, Europe, Asia Pacific, and the Rest of the World (RoW)
  • To present detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
  • To offer a comprehensive overview of the value chain of the IoT node and gateway market ecosystem
  • To critically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies.
  • To assess the opportunities in the market for stakeholders and describe the competitive landscape of the market
  • To analyze competitive developments, such as collaborations, agreements, partnerships, product developments, and research and development (R&D), in the market
  • To evaluate the impact of the recession on the IoT node and gateway market

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Report Code
SE 4191
Published ON
May, 2024
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