PUBLISHER: SkyQuest | PRODUCT CODE: 1900117
PUBLISHER: SkyQuest | PRODUCT CODE: 1900117
IoT Node and Gateway Market size was valued at USD 524.98 Billion in 2024 and is poised to grow from USD 592.18 Billion in 2025 to USD 1552.13 Billion by 2033, growing at a CAGR of 12.8% during the forecast period (2026-2033).
The growing demand for efficient data collection, real-time management, and seamless communication is accelerating the adoption of IoT Node and Gateway technologies. Enhancements in wireless communication, particularly through 5G and AI, are expanding market opportunities by facilitating faster, more reliable data transfer. Key growth drivers include the proliferation of IoT applications across sectors such as healthcare, manufacturing, agriculture, and smart cities. Low Power Wide Area Network (LPWAN) technologies like LoRa and Sigfox provide high bandwidth with minimal power use, supporting sensor-equipped nodes that gather real-time data. Gateways play a crucial role in ensuring secure and efficient data transmission. This innovation fosters operational improvements, with agriculture optimizing resource management, manufacturing enhancing productivity, and smart cities upgrading infrastructure, all benefiting from high-speed, low-latency connections.
Top-down and bottom-up approaches were used to estimate and validate the size of the IoT Node and Gateway market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
IoT Node and Gateway Market Segments Analysis
Global IoT node and gateway Market is segmented by based on component, end user, and region. Based on component, the market is segmented into Hardware - Processors (Microcontroller Unit (MCU), Microprocessor Unit (MPU), Digital Signal Processor (DSP), Application Processor (AP)), Sensors (Accelerometer, Inertial Measurement Unit (IMU), Heart Rate Sensor, Pressure Sensor, Temperature Sensor, Blood Glucose Sensor, Blood Oxygen Sensor, Electrocardiogram (ECG) Sensor, Humidity Sensor, Image Sensor, Ambient Light Sensor, Flow Sensor, Level Sensor, Chemical Sensor, Carbon Monoxide Sensor, Motion And Position Sensor, Camera Module, Other), Connectivity Integrated Circuits (ICS) (Connectivity Technology {Wired [Ethernet/IP, Modbus, Process Field Network (PROFINET), Foundation Fieldbus (FF)], Wireless [ANT+, Bluetooth, Bluetooth Smart/Bluetooth Low Energy (BLE), ZigBee, Wireless Fidelity (Wi-Fi), Near-field Communication (NFC), Cellular network, WirelessHART, Global Positioning System (GPS)/Global Navigation Satellite System (GNSS) module, ISA100, Bluetooth/WLAN]}), Memory Devices (On-chip Memory, Off-chip Memory/External Memory), Logic Devices (Field-programmable Gate Array (FPGA)) and services. Based on end use application, the market is segmented into Industrial (Healthcare {Device types [Fitness and heart rate monitors, Blood pressure monitors, Blood glucose meters, Continuous glucose monitors, Pulse oximeters, Automated external defibrillators, Programmable syringe pumps, Wearable injectors, Multiparameter monitors, Fall detectors, Smart pill dispensers, Gateways]}, Automotive & Transportation {Device types [Connected cars , Ultrasonic sensors, Cameras/image sensors, Radar, LiDAR, Infrared (IR) detectors], In-car infotainment, Traffic management systems [Vehicle detection sensor, Pedestrian presence sensor, Speed sensor, Thermal camera, Automated incident detection (AID) camera], Public transport/mass transit systems, E-tolls/E-highways, Gateways}, Building Automation {Device types [Occupancy sensors, Daylight sensors, Smart thermostats, IP cameras, Smart meters, Smart locks, Smoke detectors, Gateways]}, Manufacturing {Device types [Temperature sensors, Pressure sensors, Level sensors, Flow sensors, Chemical sensors, Humidity sensors, Motion & position sensors, Image sensors, Gateways]}, Retail {Device types [Intelligent vending machines, Contactless checkout/Point of sale systems, Smart mirrors, Smart shopping carts, Digital signage, Smart tags, Wireless beacons, Gateways]}, Banking, Financial Services And Insurance (BFSI) {Device types [Mobile point of sale (mPOS) solutions, Smart/Interactive kiosks, Gateways]}, Oil & Gas {Device types [Temperature sensors, Pressure sensors, Level sensors, Flow sensors, Image sensors, Other sensors], Agriculture {Device types [Climate sensors, Soil moisture sensors, Level sensors]}, Aerospace & Defense {Device types [Smart baggage tags, Smart beacons, Drones/Unmanned aerial vehicles (UAVs)]}), Consumer (wearable Devices {Device types [Activity monitors, Smartwatches, Smart glasses, Body-worn cameras]}, Consumer Electronics {Device types [Smart lighting, Smart TVs, Smart washing machines, Smart dryers, Smart refrigerators, Smart ovens, Smart cooktops, Smart cookers, Smart deep freezers, Smart dishwashers, Smart coffee makers, Smart kettles]}). Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the IoT Node and Gateway Market
A significant catalyst for the growth of the IoT Node and Gateway market is the swift advancement of technology alongside the enhancement of Internet speeds, particularly with the rollout of 5G networks. This development brings improved data transfer capabilities, reduced latency, and expanded connectivity for devices. Such robust connectivity is crucial for the efficient functioning of IoT devices, facilitating sophisticated real-time analytics and informed decision-making across various sectors, including healthcare, manufacturing, and the development of smart cities. As these industries increasingly adopt IoT solutions, the demand for reliable nodes and gateways continues to surge, further driving market expansion.
Restraints in the IoT Node and Gateway Market
A significant challenge facing the IoT node and gateway market is the heightened concern regarding security and privacy. With the proliferation of connected devices, the risk of security breaches grows disproportionately, leading to increased vulnerabilities that cybercriminals frequently exploit. These IoT devices can become prime targets due to flaws in their software or underlying network infrastructure. Such security dilemmas can result in severe consequences, including data breaches and unauthorized access, ultimately threatening the integrity of businesses and individuals alike. While implementing robust security measures and adhering to privacy regulations is crucial, it often proves to be a complex and costly endeavor.
Market Trends of the IoT Node and Gateway Market
The IoT node and gateway market is experiencing a significant shift towards edge computing integration, driven by the surging volume of data generated by IoT devices. By enabling data processing closer to the source, edge computing minimizes latency and enhances data handling speeds, thereby optimizing the performance of IoT ecosystems. This trend is particularly pertinent for applications demanding real-time responsiveness and swift decision-making, such as autonomous vehicles, industrial automation, and smart city initiatives. As more industries recognize the advantages of local data processing, the demand for edge-enabled IoT solutions is expected to grow, fostering innovation and resilience in connected environments.