The Global IoT Node and Gateway Market size is expected to grow from USD 409.62 billion in 2022 to USD 585.65 billion by 2030, at a CAGR of 4.57% during the forecast period (2023-2030). The Internet of Things (IoT) is a new emerging trend in smart devices which are largely associated with the daily tasks of a huge population around the world. An IoT Gateway is a connection point between cloud and intelligent gadgets, sensors, and controllers which can be in a physical unit or software program. The market is driven by increased internet penetration and the need for efficient data management. Top key players for the IoT Node and Gateway Market include Intel Corporation, Huawei Technologies Co Ltd., NXP Semiconductor N.V., and Texas Instruments Incorporated.
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