North America Iot Node And Gateway Market Size & Outlook
North America iot node and gateway market, 2018-2030 (US$B)
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North America iot node and gateway market highlights
- The North America iot node and gateway market generated a revenue of USD 172,399.3 billion in 2023.
- The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, wi-fi was the largest revenue generating connectivity in 2023.
- Z-Wave is the most lucrative connectivity segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 172,399.3 billion |
| Market revenue in 2030 | USD 339,153.6 billion |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Zigbee, Wi-Fi, Bluetooth, Z-Wave |
| Key market players worldwide | Cisco Systems Inc, Sierra Wireless, Intel Corp, International Business Machines Corp, Huawei Technologies, Dell Technologies Inc Ordinary Shares - Class C, Advantech, NXP Semiconductors NV, Eurotech Ltd, Bosch, STMicroelectronics NV, Texas Instruments Inc, Particle, Helium, Laird Connectivity |
Other key industry trends
- In terms of revenue, North America region accounted for 36.1% of the global iot node and gateway market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 79,568.5 billion by 2030.
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IoT Node And Gateway Market Scope
IoT Node And Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America iot node and gateway market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to iot node and gateway market will help companies and investors design strategic landscapes.
Wi-fi was the largest segment with a revenue share of 36.45% in 2023. Horizon Databook has segmented the North America iot node and gateway market based on zigbee, wi-fi, bluetooth, z-wave covering the revenue growth of each sub-segment from 2018 to 2030.
North America recorded the largest market share of 36% in 2022. The region has been at the forefront of technological innovation, with a robust ecosystem of tech companies, startups, and research institutions. This environment has fostered the development of cutting-edge IoT solutions, making it an ideal market for adoption.
The region has been quick to embrace emerging technologies such as 5G, edge computing, and AI, which are essential for IoT deployments. Moreover, the region's economic stability and access to funding have facilitated IoT projects in sectors like healthcare, manufacturing, agriculture, and smart cities.
Moreover, the regulatory environment in North America is generally favorable to IoT development and deployment. Regulations related to data privacy and security, while stringent, have provided a framework for ensuring trust and compliance in IoT solutions. This regulatory clarity has encouraged businesses and organizations to invest in IoT projects is driving the growth of the market in region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America iot node and gateway market , including forecasts for subscribers. This continent databook contains high-level insights into North America iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America iot node and gateway market size, by country, 2018-2030 (US$B)
North America IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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