The IoT Node and Gateway Market is projected to grow from USD 424.6 billion in 2024 and is projected to reach USD 604.7 billion by 2029; it is expected to grow at a CAGR of 7.3% from 2024 to 2029. The growth of the IoT Node and Gateway market is driven by the Focus on industrial automation and Industry 4.0; and Proliferation of 5G technology.
Major players in the IoT
Node and Gateway Market include Intel Corporation (US), Qualcomm Technologies,
Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics
(Switzerland), Microchip Technology Inc. (US). Major strategies adopted by the
players in the IoT Node and Gateway market ecosystem to boost their product
portfolios, accelerate their market share, and increase their presence in the
market include acquisitions, collaborations, partnerships, and new product
launches.
For instance, October
2023, Sasken Technologies, announced a collaboration with Qualcomm
Technologies, Inc through the Qualcomm® IoT Accelerator Program. The
collaboration marks a substantial milestone for Internet of Things (IoT)
innovation and underscores the commitment of both companies to shaping the
future of connected devices and services. It also aims to overcome the
challenges faced by various industries in their IoT applications, such as
achieving seamless integration, security, and scalability.
In April 2023, Texas
Instruments Incorporated introduced the SimpleLink family of Wi-Fi 6 companion
ICs, enabling reliable, secure, and efficient Wi-Fi connections at an
affordable price for high-density or high-temperature environments. The ICs are
ideal for IoT applications in industrial sectors like grid infrastructure,
medical, and building automation.
Intel Corporation:
Intel Corporation is
engaged in design and manufacturing of advanced integrated digital technology
platforms. Along with hardware, Intel develops and sells software and also
offers services, primarily pertaining to security and technology integration.
Intel's work spans across various domains including artificial intelligence,
cloud computing, edge computing, and IoT solutions. The company offers a
wide-ranging products and solutions, including microprocessors, chipsets, and
System-on-Chip (SoC) solutions tailored for diverse applications like IoT and
edge computing. The company caters to the diverse requirements of IoT devices
ranging from actuators and sensors to gateways that aggregate and process data
at the edge. Solutions such as Intel® Developer Cloud for the Edge, Intel® IoT
Market Ready Solutions (Intel® IMRS), and Intel® IoT RFP Ready Kits leverage
high-performance compute and connectivity options, flexible processor choices,
and integrated AI optimizations to deliver near-real-time insights with minimal
latency.
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Qualcomm Technologies,
Inc.:
Texas Instruments
Incorporated designs, manufactures, and
sells analog and embedded processing chips. It is a manufacturing company that
deals with global analog and digital semiconductor integrated circuit designs.
The company has been focusing on the development of wireless products and
solutions, such as cost-efficient, low-power solutions for short-range,
long-range, mesh, IP, and personal area networks. The wireless connectivity
offered by Texas Instruments provides connections for IoT. The company has
design, manufacturing, and sales operations in ~30 countries. It has three
major business segments—Analog, Embedded Processing, and Others. The Analog segment provides semiconductor
products that convert sound, temperature, pressure, and images into a stream of
digital data which can be processed by other semiconductors. The product list
includes high-volume analog and logic, high-performance analog, and power
management devices. The Embedded Processing segment includes microcontrollers,
digital signal processors (DSPs) and applications processors. DSPs perform
mathematical computations, and microcontrollers control specific tasks for
electronic equipment. The Others segment includes the remaining business
activities of the company, which include operating segments that do not meet
the quantitative thresholds for individually reportable segments and cannot be
aggregated with other operating segments. The company operates globally, serving more than 100,000 customers, and
boasts the largest sales and support staff in the industry. It has 315
subsidiaries, including Innovative Design Solutions, Inc. (US), National
Semiconductor Corporation (US), TI Europe Ltd (UK), and Texas Instruments
Tucson Corporation (US).
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