Market Leader - IoT Node and Gateway Market

The global IoT node and gateway market size is expected to grow from USD 387.1 billion in 2020 to USD 563.7 billion by 2026, growing at a CAGR of 6.5%. The major factors driving the IoT node and gateway industry growth are the development of internet connectivity, growing use of wireless sensors and their networks, increased IP address space and better security solutions made available through IPv6, growth of application-specific MCUs and flexible SoC-type designs, and the growing market of connectivity devices. Concerns regarding the security and privacy of user data act as restraints for the market.

Intel Corporation (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (US), Texas Instruments Incorporated (US), Cisco Systems Inc. (US), Hewlett Packard Enterprise Co. (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd (Taiwan), Dell Technologies (US), and Microchip Technology Inc. (US) are a few major players in the IoT node and gateway market. These players have adopted various growth strategies, such as product launches and developments, and acquisitions to further expand their presence in the global IoT node and gateway industry. Product launches and developments have been the most adopted strategies adopted by major players from 2017 to 2019 that have helped them to innovate on their offerings and broaden their customer base.

Intel Corporation (Intel) is a dominant player in the IoT node and gateway market. It is a uniquely positioned company that powers the cloud and numerous smart and connected computing devices. Intel delivers computer, networking, and communication platforms to a broad set of customers, including OEMs, ODMs, cloud and communication service providers, and industrial, communications, and automotive equipment manufacturers. The company works through six operating segments: Client Computing Group (CCG), Data Center Group (DCG), Non-Volatile Memory Solutions Group (NVMS), Internet of Things Group, Programmable Solutions, and Others. In the IoTG (Internet of Things Group) business segment, the company develops high-performance computing (HPC) solutions for targeted verticals and embedded markets. It specifically targets sectors such as retail, industrial, and smart cities/infrastructure.

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Huawei Technologies Co., Ltd. is major player in the IoT node and gateway market. The company is a global information and technology solutions provider. It has built about 1,500 networks together with various telecom carriers. Huawei has a widespread presence and serves its customers in approximately 170 countries. It has 3 main operating segments, namely, Carrier Business, Enterprise Business, and Consumer Business. The Carrier Business segment develops and manufactures wireless, fixed, and core networks and carrier software. Additionally, it provides services and solutions to telecommunications operators. The Enterprise Business segment develops integrable ICT products and solutions, which include enterprise network infrastructure, cloud-based green data centers, and enterprise information security and unified communication solutions. The Consumer Business segment develops, manufactures, and sells mobile broadband devices, home devices, smartphones, as well as the applications on these devices, to both consumers and businesses.

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