IoT Node and Gateway Market Size - By Hardware (Processor, Sensor, Connectivity IC, Memory Device, Logic Device), By Connectivity (Bluetooth, Wi-Fi, ZigBee, Z-Wave, Others), By End-use Industry & Forecast, 2024 - 2032

Cisco Systems, Inc., Dell Technologies Inc., Helium, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., IBM Corporation, Intel Corporation, Laird Connectivity, NXP Semiconductors N.V., Particle Industries Inc. are some of the major industry contenders.

North America IoT Node and Gateway Market held a significant share of over 30% in 2023 and is set to register a notable growth through 2032, fueled by increased investments in digital transformation initiatives, advancements in sensor technology, and the proliferation of connected devices.

The market size of IoT node and gateway reached USD 280 billion in 2023 and is set to witness 13.5% CAGR between 2024 and 2032, led by the increasing demand for IoT solutions across industries.

Wi-Fi connectivity segment is estimated to register a significant growth rate of over 14.5% during 2024 to 2032, as it enables seamless connectivity and communication among IoT devices.