Global Market Size of IoT Node and Gateway Market – 10 Year Market Forecast

Semiconductor

IoT Node and Gateway Market Size Forecast 2022-2029

The market for IoT nodes and gateways was valued at USD 57.08 billion in 2022 and is expected to reach USD 161.32 billion by 2029, growing at a CAGR of 16% between 2022 and 2029. The emergence of 5G technology, growing use of wireless smart sensors and networks, growing market for connected devices, increasing necessity of data centres due to rising adoption of cloud platforms, and others are some of the key factors driving the growth of the IoT node and gateway market. In developed regions such as North America and Europe, Internet penetration has increased dramatically over the last 10?15 years.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• What is IoT Node and Gateway?

• It serves as a connectivity layer between the edge devices and cloud services.
• What is role of Gateway in IoT?

• An IoT gateway is an intelligent central hub for IoT devices.
• What are the types of Gateway?

• Unidirectional gateways and bidirectional gateways are types of Gateway.
• What is cumulative market size of IoT Node and Gateway market

• USD 870 Billion is the cumulative market size of IoT Node and Gateway.

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