The Asia Pacific IoT Node and Gateway Market would witness market growth of 7.4% CAGR during the forecast period (2022-2028).
IoT node Buildings can be viewed as the fundamental units of a city inside the IoT ecosystem and can offer useful and pertinent data about the city. This implies that they are only more objects in this environment. An IoT node's two primary functions are to control how the building is connected to the rest of the network and to gather whatever information it generates on its own. In other words, IoT nodes are the components of an IoT ecosystem that enable a link between the Internet and the real world.
The Internet of Things (IoT) connects embedded systems by fusing wireless connectivity with sensors, two developing technologies. These networked embedded systems are standalone, microcontroller-based computers that gather data from sensors. Typically, a wireless protocol like Bluetooth, WiFi, 802.11.4, or a unique communication mechanism is used to connect this IoT equipment together.
Depending on the distribution of these nodes along with the volume of data to be collected, the networking protocol is chosen. The primary hub or computer receives this data via the network. The data is gathered and examined by the main computer, which also stores the results in memory and makes system decisions based on them. The necessity for security using some type of data encryption, the most popular of which is AES256, is essential for current IoT nodes.
India's Department of Telecommunications and Telecom Regulatory Authority reports that the country's telecom industry has experienced tremendous growth in recent years and is now the world's second-largest telephone network, second only to China in the entire world. In addition, by the end of October 2013, there were 875.48 million mobile phone users, up from 870.58 million in September. Owing to a surge in the number of mobile phone users in regional countries, the demand for IoT nodes and gateway is also flourishing and hence, the regional market is growing rapidly.
The China market dominated the Asia Pacific IoT Node and Gateway Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $47,401.1 Thousands by 2028.The Japan market is estimated to grow a CAGR of 6.7% during (2022 - 2028). Additionally, The India market would display a CAGR of 8% during (2022 - 2028).
Based on Hardware, the market is segmented into Connectivity IC, Processor, Sensor, Memory Device and Logic Device. Based on End User, the market is segmented into Consumer Electronics, Automotive & Transportation, Healthcare, Retail, Building Automation, Manufacturing, BFSI, Oil & Gas and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide IoT Node and Gateway Market is Projected to reach USD 596.1 Million by 2028, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Hewlett-Packard Enterprise Company, Dell Technologies, Inc., Intel Corporation, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Texas Instruments, Inc., NXP Semiconductors N.V., Microchip Technology, Inc., Advantech Co., Ltd., and TE Connectivity Ltd.
By Hardware
By End User
By Country
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