IOT Node and Gateway Market Size, Share, Growth and Analysis 2034
Global IoT Node and Gateway Market Growth, Size, Trends Analysis By Component, By Connectivity, By End Use - - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: IACT2583 | Pages: 1 - 288 | Formats*: |
| Category : Information & Communications Technology | |||
IOT Node and Gateway Market Introduction and Overview
According to SPER Market Research, the Global IoT Node and Gateway Market is estimated to reach USD 1895.63 billion by 2034 with a CAGR 13.39%.
The report includes an in-depth analysis of the Global IoT Node and Gateway Market, including market size and trends, product mix, Applications, and supplier analysis. The growth is driven by the rising use of IoT applications across healthcare, manufacturing, agriculture, and smart cities, fueled by the demand for real-time monitoring, efficient data collection, and seamless connectivity. Advancements in wireless technologies like 5G and AI further enhance market capabilities by enabling faster, more reliable data transfer. In June 2023, IBM Corporation acquired Agyla SAS to expand its hybrid multi-cloud services portfolio and strengthen its hybrid cloud and AI strategy in the region. The market is rapidly expanding with the adoption of IoT solutions, driven by LPWAN technologies, AI integration, and 5G. IoT nodes and gateways enable real-time data collection and transfer, enhancing efficiency across industries like agriculture, manufacturing, and smart cities.
By Component:
In 2024, the hardware segment led due to advancements in IoT node and gateway components, with a focus on miniaturization—shrinking sensors and processors while improving performance. Advantech Co. Ltd. introduced the UNO-2271G V2 edge IoT gateway in May 2022, featuring a modular design for operational flexibility. Meanwhile, the services segment is expected to grow rapidly by 2030, as IoT nodes and gateways play a vital role in connecting devices to the cloud and enabling real-time data collection through integrated sensors.
By End User:
In 2024, the consumer electronics segment dominated the market, fueled by increasing demand for the convenience and efficiency offered by IoT-enabled devices. IoT allows users to control appliances, lighting, and security systems remotely through smartphones or other connected devices. The rise of smart homes and smart cities further fuels this demand, enhancing safety and energy management. Meanwhile, the aerospace and defense segment is projected to grow significantly, with an expected CAGR of XX% from 2025 to 2034, due to increasing IoT adoption in mission-critical operations.
By Connectivity:
The Wi-Fi segment held the leading market share in 2024, driven by its widespread presence in homes, workplaces, and public areas, which makes it highly accessible for IoT devices. Its seamless integration with existing infrastructure has encouraged greater adoption. Wi-Fi’s high data transfer speeds make it ideal for real-time applications like video surveillance, industrial automation, and smart home systems. For example, Cisco Systems Inc. partnered with AT&T Inc. in mid-2023 to improve connectivity and support flexible communication for hybrid workforces.
Regional Insights:
North America led the Internet of Things (IoT) node and gateway market in 2024, supported by a strong foundation of tech companies, startups, and research institutions that drive innovation. The region’s early adoption of technologies like 5G, edge computing, and AI has created a favorable environment for IoT development and deployment. Meanwhile, the Middle East and Africa are expected to experience the fastest growth, driven by increased focus on digital transformation and economic diversification, with significant investments in smart cities, infrastructure, and key sectors like energy, transportation, and healthcare.
Market Competitive Landscape:
The global IoT Node and Gateway Market is moderately consolidated, with several prominent players shaping the industry. Key companies include: Cisco Systems Inc., Sierra Wireless, Intel Corporation, IBM Corporation, Huawei Technologies Co. Ltd., Dell Technologies Inc., Advantech Co. Ltd., NXP Semiconductors N.V., Eurotech, STMicroelectronics N.V.
Recent Developments:
In January 2024, STMicroelectronics launched a long-range, low-power IoT System-in-Package module featuring the dual-core STM32WL55JC wireless system-on-chip (SoC). Designed for remote metering, monitoring, and smart-sensing applications, the module helps reduce bill-of-materials costs and accelerates time to market, offering straightforward and efficient LPWAN wireless connectivity.
In December 2023, Siemens (Germany) and Intel Corporation (US) partnered to improve efficiency and sustainability in semiconductor manufacturing throughout the value chain. By utilizing IoT and automation technologies, they seek to advance digitalization and strengthen resilience in microelectronics production.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Component, By Connectivity, By End Use |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Cisco Systems Inc., Sierra Wireless, Intel Corporation, IBM Corporation, Huawei Technologies Co. Ltd., Dell Technologies Inc., Advantech Co. Ltd., NXP Semiconductors N.V., Eurotech, STMicroelectronics N.V. |
- Global IoT Node and Gateway Market Size (FY 2021-FY 2034)
- Overview of Global IoT Node and Gateway Market
- Segmentation of Global IoT Node and Gateway Market By Component (Hardware, Temperature, Sensors, Software, Services)
- Segmentation of Global IoT Node and Gateway Market By Connectivity (ZigBee, Wi-Fi, Bluetooth, Z-Wave, Others)
- Segmentation of Global IoT Node and Gateway Market By End Use (Consumer Electronics, Wearable Devices, Automotive & Transportation, BFSI, Healthcare, Retail, Building Automation, Oil & Gas, Agriculture, Aerospace & Defense, Others)
- Statistical Snap of Global IoT Node and Gateway Market
- Expansion Analysis of Global IoT Node and Gateway Market
- Problems and Obstacles in Global IoT Node and Gateway Market
- Competitive Landscape in the Global IoT Node and Gateway Market
- Details on Current Investment in Global IoT Node and Gateway Market
- Competitive Analysis of Global IoT Node and Gateway Market
- Prominent Players in the Global IoT Node and Gateway Market
- SWOT Analysis of Global IoT Node and Gateway Market
- Global IoT Node and Gateway Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4.Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscap
- 6.1. Global IoT Node and Gateway Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global IoT Node and Gateway Market
7. Global IoT Node and Gateway Market, By Component, (USD Million) 2021-2034
- 7.1. Hardware
- 7.1.1. Connectivity Integrated Circuited (ICs)
- 7.1.2. Logic Devices
- 7.1.3. Memory Devices
- 7.1.4. Processors
- 7.1.5. Sensors
- 7.2. Temperature Sensors
- 7.3. Software
- 7.4. Services
8. Global IoT Node and Gateway Market, By Connectivity, (USD Million) 2021-2034
- 8.1. ZigBee
- 8.2. Wi-Fi
- 8.3. Bluetooth
- 8.4. Z-Wave
- 8.5. Others
9. Global IoT Node and Gateway Market, By End Use, (USD Million) 2021-2034
- 9.1. Consumer Electronics
- 9.2. Wearable Devices
- 9.3. Automotive & Transportation
- 9.4. BFSI
- 9.5. Healthcare
- 9.6. Retail
- 9.7. Building Automation
- 9.8. Oil & Gas
- 9.9. Agriculture
- 9.10. Aerospace & Defense
- 9.11. Others
10. Global IoT Node and Gateway Market, (USD Million) 2021-2034
- 10.1. Global IoT Node and Gateway Market Size and Market Share
11. Global IoT Node and Gateway Market, By Region, 2021-2034 (USD Million)
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Cisco Systems Inc.
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Sierra Wireless
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Intel Corporation
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. IBM Corporation
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Huawei Technologies Co. Ltd.
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Dell Technologies Inc.
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Advantech Co. Ltd.
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. NXP Semiconductors N.V
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Eurotech
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. STMicroelectronics N.V.
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
IOT Node and Gateway Market is projected to reach USD 1895.63 billion by 2034, growing at a CAGR of of 13.39% during the forecast period.
IOT Node and Gateway Market grew in Market size from 2025. The Market is expected to reach USD 1895.63 billion by 2034, at a CAGR of 13.39% during the forecast period.
IOT Node and Gateway Market CAGR of 13.39% during the forecast period.
You can get the sample pages by clicking the link - Click Here
IOT Node and Gateway Market size is USD 1895.63 billion from 2025 to 2034.
IOT Node and Gateway Market is covered By Component, By Connectivity, By End Use
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the IOT Node and Gateway Market .
Cisco Systems Inc., Sierra Wireless, Intel Corporation, IBM Corporation, Huawei Technologies Co. Ltd., Dell Technologies Inc., Advantech Co. Ltd., NXP Semiconductors N.V., Eurotech, STMicroelectronics N.V.
The report includes an in-depth analysis of the Global IoT Node and Gateway Market, including market size and trends, product mix, Applications, and supplier analysis.
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