Spain Iot Node And Gateway Market Size & Outlook
Spain iot node and gateway market, 2018-2030 (US$B)
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Spain iot node and gateway market highlights
- The Spain iot node and gateway market generated a revenue of USD 9,752.2 billion in 2023 and is expected to reach USD 21,631.5 billion by 2030.
- The Spain market is expected to grow at a CAGR of 12.1% 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.
Iot node and gateway market data book summary
| Market revenue in 2023 | USD 9,752.2 billion |
| Market revenue in 2030 | USD 21,631.5 billion |
| Growth rate | 12.1% (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, Spain accounted for 2.0% 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 Europe, Germany iot node and gateway market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 21,631.5 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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Spain 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 36.44% in 2023. Horizon Databook has segmented the Spain 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.
The Internet of Things (IoT) node and gateway market in Spain is expected to grow at the fastest CAGR of over 12% over the forecast period, owing to the strong emphasis on renewable energy integration. IoT node and gateway are aiding in the efficient management of solar and wind power generation, optimizing energy production and storage.
Moreover, Spain is actively deploying IoT solutions in smart city initiatives to enhance urban living. IoT devices are being used for traffic management, waste management, and environmental monitoring, contributing to improved sustainability and quality of life in cities.
Another factor driving the market in Spain is the use of IoT in precision agriculture, where IoT nodes are being utilized to monitor soil conditions, irrigation systems, and crop health, promoting efficient resource usage and higher agricultural yields.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into Spain iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain iot node and gateway market size, by connectivity, 2018-2030 (US$B)
Spain IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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