IoT Gateway Market by Nodes -2022

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MarketsandMarkets Presents
IoT Gateway Market by Nodes , Connectivity
Technology , End-Use and Geography - Global
Forecast to 2022 The IoT gateways market is
estimated to reach USD 12.64 Billion by 2022, at
a CAGR of 14.2 between 2016 and 2022. Factors
which are driving the IoT gateways market
include, expanded Internet connectivity,
continuous growth in the demand for smart phones
other connecting devices, expansion in the use
of wireless sensors and its network, cloud
computing technology becoming mainstream.
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The largest market in the end use segment is
wearable devices owing to many reasons such as
high acceptance of this new technology and
trusted brands such as Apple Inc. (U.S.) and
Samsung Electronics (South Korea) developing
smart devices. The market for building automation
is expected to grow at the second-highest rate
during the forecast period. There is huge demand
for the energy-efficient solutions, security, and
increase in the use of the connectivity
technologies such as ZigBee, Zwave, and Enocean
among others. Sample pages of the Report
http//www.marketsandmarkets.com/requestsample.a
sp?id248007097 Wearable devices are expected to
hold the largest share of the IoT gateways market
by 2022. The major factors driving the wearable
devices market for IoT nodes and gateways include
the growing popularity of Internet of Things and
the increasing adoption of smart watches and
activity trackers in consumer markets
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Building automation is second fastest-growing
segment of the IoT gateways market The market for
building automation is expected to be the
second-highest between 2016 and 2022. This is
mainly because high demand for energy efficiency
and security safety required in buildings.
Moreover, advancements in the wireless
communication technologies and convergence of IoT
and building automation would further increase
the growth of the building automation system
market. PDF Brochure http//www.marketsandmarke
ts.com/pdfdownload.asp?id248007097 North
America expected to hold the largest market share
and grow during the forecast period The IoT
gateways market in North America is expected to
hold the largest share by 2022 owing to major
driving forces it is home to some of the largest
multinational corporations such as General Motors
(U.S.) Cisco Systems, Inc. (U.S.) among others in
the IoT eco-system. The increased research and
development in the field of Internet of Things in
terms of new and improved technologies as well as
the increasing demand for improved lifestyle are
two crucial factors driving this market. Major
players involved in the development of IoT
gateways are Intel Corporation (U.S.), Mitsubishi
Electric Corporation (Japan), NXP Semiconductors
N.V. (Netherlands), Super Micro Computer, Inc.
(U.S.), ARM Holdings, Plc. (U.K.), and
others.
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