IoT Node and Gateway Companies

The IoT Node and Gateway Market is projected to grow from USD 424.6 billion in 2024 and is projected to reach USD 604.7 billion by 2029; it is expected to grow at a CAGR of 7.3% from 2024 to 2029. The growth of the IoT Node and Gateway market is driven by the Focus on industrial automation and Industry 4.0; and Proliferation of 5G technology.

Major players in the IoT Node and Gateway Market include Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US). Major strategies adopted by the players in the IoT Node and Gateway market ecosystem to boost their product portfolios, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

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Major IoT Node and Gateway Companies 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)

For instance, October 2023, Sasken Technologies, announced a collaboration with Qualcomm Technologies, Inc through the Qualcomm® IoT Accelerator Program. The collaboration marks a substantial milestone for Internet of Things (IoT) innovation and underscores the commitment of both companies to shaping the future of connected devices and services. It also aims to overcome the challenges faced by various industries in their IoT applications, such as achieving seamless integration, security, and scalability.

In April 2023, Texas Instruments Incorporated introduced the SimpleLink family of Wi-Fi 6 companion ICs, enabling reliable, secure, and efficient Wi-Fi connections at an affordable price for high-density or high-temperature environments. The ICs are ideal for IoT applications in industrial sectors like grid infrastructure, medical, and building automation.

Intel Corporation:

Intel Corporation is engaged in design and manufacturing of advanced integrated digital technology platforms. Along with hardware, Intel develops and sells software and also offers services, primarily pertaining to security and technology integration. Intel's work spans across various domains including artificial intelligence, cloud computing, edge computing, and IoT solutions. The company offers a wide-ranging products and solutions, including microprocessors, chipsets, and System-on-Chip (SoC) solutions tailored for diverse applications like IoT and edge computing. The company caters to the diverse requirements of IoT devices ranging from actuators and sensors to gateways that aggregate and process data at the edge. Solutions such as Intel® Developer Cloud for the Edge, Intel® IoT Market Ready Solutions (Intel® IMRS), and Intel® IoT RFP Ready Kits leverage high-performance compute and connectivity options, flexible processor choices, and integrated AI optimizations to deliver near-real-time insights with minimal latency.

Qualcomm Technologies, Inc.:

Texas Instruments Incorporated  designs, manufactures, and sells analog and embedded processing chips. It is a manufacturing company that deals with global analog and digital semiconductor integrated circuit designs. The company has been focusing on the development of wireless products and solutions, such as cost-efficient, low-power solutions for short-range, long-range, mesh, IP, and personal area networks. The wireless connectivity offered by Texas Instruments provides connections for IoT. The company has design, manufacturing, and sales operations in ~30 countries. It has three major business segments—Analog, Embedded Processing, and Others. The  Analog segment provides semiconductor products that convert sound, temperature, pressure, and images into a stream of digital data which can be processed by other semiconductors. The product list includes high-volume analog and logic, high-performance analog, and power management devices. The Embedded Processing segment includes microcontrollers, digital signal processors (DSPs) and applications processors. DSPs perform mathematical computations, and microcontrollers control specific tasks for electronic equipment. The Others segment includes the remaining business activities of the company, which include operating segments that do not meet the quantitative thresholds for individually reportable segments and cannot be aggregated with other operating segments. The company operates globally,  serving more than 100,000 customers, and boasts the largest sales and support staff in the industry. It has 315 subsidiaries, including Innovative Design Solutions, Inc. (US), National Semiconductor Corporation (US), TI Europe Ltd (UK), and Texas Instruments Tucson Corporation (US).

Related Reports:

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

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