South Korea Iot Node And Gateway Market Size & Outlook
South Korea iot node and gateway market, 2018-2030 (US$B)
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South Korea iot node and gateway market highlights
- The South Korea iot node and gateway market generated a revenue of USD 15,697.4 billion in 2023 and is expected to reach USD 42,642.5 billion by 2030.
- The South Korea market is expected to grow at a CAGR of 15.3% 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.
Iot node and gateway market data book summary
| Market revenue in 2023 | USD 15,697.4 billion |
| Market revenue in 2030 | USD 42,642.5 billion |
| Growth rate | 15.3% (CAGR from 2023 to 2030) |
| Largest segment | Wi-fi |
| Fastest growing segment | Z-Wave |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 3.3% of the global iot node and gateway market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iot node and gateway market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 51,601.0 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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South Korea 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 36.47% in 2023. Horizon Databook has segmented the South Korea 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.
South Korea Internet of Things (IoT) Node and Gateway market is expected to grow at a CAGR of 15.3% over the forecast period from 2023 to 2030. The country’s growth is attributed to the strong emphasis on technology and innovation that has led to a highly advanced and robust technology ecosystem.
South Korean companies have been at the forefront of IoT device development, creating a wide range of connected products, from smart appliances to industrial IoT solutions. This technological leadership has instilled confidence in IoT solutions among businesses and consumers, driving adoption.
Furthermore, the South Korea's commitment to building smart cities and fostering a digital economy has propelled IoT adoption. The government has invested significantly in infrastructure development, supporting the deployment of IoT node and gateway for efficient urban management, transportation systems, and environmental monitoring.
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Our clientele includes a mix of iot node and gateway market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into South Korea iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea iot node and gateway market size, by connectivity, 2018-2030 (US$B)
South Korea IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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