North America 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
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Market Report Description
The North America IoT Node and Gateway Market would witness market growth of 6.4% CAGR during the forecast period (2022-2028).
The sales of IoT node and gateway components by organizations that act as the point of connection between the sensors and intelligent devices, cloud, and controllers, thereby facilitating connections between various data sources and destinations, make up the internet of things node and gateway market. IoT node and gateway functions include data caching, buffering, streaming, cleansing, data pre-processing, filtering, as well as optimization, data visualization, and others.
They also help with communication with older or non-internet-connected devices. The gateway-based architecture used by sensors links the nodes to the cloud servers. IoT devices are frequently deployed by businesses, which can make it challenging to manage and monitor them. A centralized hub known as an IoT gateway links IoT gadgets and sensors to cloud computing and data processing.
Bidirectional data transmission between the IoT devices and the cloud is frequently made possible by modern IoT gateways. As a result, IoT sensor data may be uploaded for processing and commands can be delivered to IoT devices from cloud-based apps. IoT gateways are made to make managing and communicating with IoT devices easier and more efficient.
The official estimates of overall health care spending in the United States are provided by the National Health Expenditure Accounts (NHEA). The NHEA tracks annual spending of the United States on health care products and services, governmental management, public health initiatives, the net cost of health insurance, and investments in the field of medicine. According to the Centers for Medicare & Medicaid Services, spending on health care in the United States increased by 9.7% in 2020 to $4.1 trillion, or $12,530 per person. The amount spent on health represented 19.7% of the country's GDP.
The US market dominated the North America 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 $164,386.7 Thousands by 2028.The Canada market is poised to grow at a CAGR of 8.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.9% 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 U.S., Mexico, Canada, and Rest of North America.
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:
- Connectivity IC
- Memory Device
- Logic Device
By End User
- Consumer Electronics
- Automotive & Transportation
- Building Automation
- Oil & Gas
- Rest of North America
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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