LAMEA IoT Node and Gateway Market Size, Forecast by 2028

LAMEA 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

Published Date: September-2022 | Number of Pages: 106 | Format: PDF | Report ID: KBV-19823

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Market Report Description

The Latin America, Middle East and Africa IoT Node and Gateway Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).

This level of security is essential for the microcontroller to complete a secure boot, ensuring that the core is running the intended code. Data transported across networks is also encrypted using encryption security to ensure that only systems with authorized access can access it. These kinds of gadgets are designed to act as information hubs for numerous sensors with various sources.

In order to provide basic services using open, free, and standardized protocols, this information must be stored, processed based on its value, and made available to higher-level processes and systems through private networks or the Internet. A huge number of devices are now connected to the internet owing to IPv6, which has led to a proliferation of data on the network.

The data created needs to be carried efficiently through the network in order to enable efficient and real-time communications, empower industries with the potential of IoT, and realize smart building and smart city concepts. Together, nodes and gateways allow for effective data transfer over the network and improve data transfer security. In order to reduce the amount of data that needs to be transferred, the intelligent gateway or IoT gateway also pre-processes the data at the edge prior to it being forwarded.

There is a significant number of technological advancements in the region that are being introduced each day. One of the greatest ICT (information and communications technology) markets in Africa is found in South Africa. It demonstrates technological superiority in the areas of mobile software, security software, and online banking services. The ICT and electronics industry in South Africa is both developed and sophisticated, and it is a growing contributor to the country's GDP.

The Brazil market dominated the LAMEA 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 $9,593.4 Thousands by 2028.The Argentina market is experiencing a CAGR of 11.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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Related Reports:

Global IoT Node and Gateway Market Report 2022-2028

North America IoT Node and Gateway Market Report 2022-2028

Europe IoT Node and Gateway Market Report 2022-2028

Asia Pacific IoT Node and Gateway Market Report 2022-2028

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