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IoT Nodes Market Worth 12.64 Billion USD by 2022


[199 Pages Report] IoT Gateway Market research report categorizes by Nodes (Smart Watch, Camera, RADAR, Thermostat, Actuator, Smart TV), Connectivity Technology (Bluetooth, WiFi, ZigBee, Ethernet, Z-Wave), Component (MCU, FPGA, Sensor, Memory), End-Use and Geography – PowerPoint PPT presentation

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Title: IoT Nodes Market Worth 12.64 Billion USD by 2022

MarketsandMarkets Presents
IoT Nodes Market by 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.
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
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
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 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
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