Market For IoT Nodes And Gateways Inching Up To 17.18 Billion Units

According to MarketsandMarkets’ research report, "IoT Node and Gateway Market by Hardware, End-Use, and Geography - Global Forecast to 2023", the market is expected to register a shipment of 17.18 Billion units by 2023, growing at a CAGR of 30.9 % between 2017 and 2023.


The market has a huge potential of growth in various end-use applications such as retail, BFSI, and aerospace and defense.

  • Connectivity IC held the largest market share in 2016
  • BFSI end-use application to witness the highest growth rate between 2017 and 2023
  • North America leads the IoT node and gateway market, in terms of volume


The companies that are profiled in the report are Intel Corporation (US), Huawei Investment & Holding Co., Ltd. (China), NXP Semiconductor N.V. (Netherlands), Texas Instruments Inc. (US), Cisco Systems Inc. (US), Hewlett Packard Enterprise Co. (US), TE Connectivity Ltd. (Switzerland), STMicroelectronics N.V. (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Inc. (US), Eurotech S.P.A (Italy), AAEON Technology Inc. (Taiwan), Adlink Technology Inc. (Taiwan), NEXCOM International Co. Ltd. (Taiwan), and Microchip Technology Inc. (US). Moreover, the chapter profiles some of the new players in the IoT node and gateway market such as Notion (US), Helium System Inc. (US), Samsara Networks Inc. (US), Estimote Inc. (US), and Beep Inc. (US).


Browse 76 market data Tables and 83 Figures spread through 262 Pages and in-depth TOC on "IoT Node and Gateway Market" at


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