Europe IoT Node and Gateway Market

Europe IoT Node and Gateway Market Size, Share & Industry Trends Analysis Report By Hardware (Connectivity IC, Processor, Sensor, Memory Device and Logic Device), By End User, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-10818 Publication Date: August-2022 Number of Pages: 106
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Market Report Description

The Europe IoT Node and Gateway Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).

Prior to being sent over the Internet, data generated by IoT devices must be filtered by IoT gateways. This aids in lowering both the amount of data exchanged and the potential for network communications or exploited cloud-based servers to leak critical data. Edge computing for distributed data processing aids in resiliency and data minimization, but distributed architectures may be more challenging to secure because they cannot be shielded by perimeter-based defenses.

IoT gateways may include built-in security features that stand in between IoT devices and the open Internet. Because the IoT helps to eliminate the security gaps that are frequently present in IoT devices, this can assist in safeguarding an organization's IoT devices as well as the sensitive data and information that they gather from cyber threats.

Due to the infamously weak security of IoT devices, IoT security is a crucial component of a corporate cybersecurity strategy. IoT gateways with security functions integrated can aid in securing susceptible devices behind a perimeter fence. To gain visibility into low-level IoT security vulnerabilities, it is also a good idea to undergo a firmware audit of IoT devices. IoT gateway and susceptible IoT device solutions are among the several IoT security options provided by Check Point.

The trends in the industrial sector's energy usage in OECD Europe are heavily influenced by energy and environmental policies. Reducing GHG emissions was a goal of the Europe 2020 strategy, which includes EU energy and climate policies. Owing to a surge in the growth of the industrial sector as well as the energy and utility industry within the region, the adoption of IoT is increasing at a very rapid pace. Therefore, this factor is driving the growth of the IoT node and gateway market.

The Germany market dominated the Europe 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 $38,598.3 Thousands by 2028.The UK market is anticipated to grow at a CAGR of 5.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global IoT Node and Gateway Market is Predict to reach $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.

Scope of the Study

Market Segments Covered in the Report:

By Hardware

  • Connectivity IC
  • Processor
  • Sensor
  • Memory Device
  • Logic Device

By End User

  • Consumer Electronics
  • Automotive & Transportation
  • Healthcare
  • Retail
  • Building Automation
  • Manufacturing
  • BFSI
  • Oil & Gas
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • 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.
  • TE Connectivity Ltd.
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