UK Iot Node And Gateway Market Size & Outlook, 2023-2030
UK iot node and gateway market, 2018-2030 (US$B)
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UK iot node and gateway market highlights
- The UK iot node and gateway market generated a revenue of USD 20,847.8 billion in 2023 and is expected to reach USD 44,257.5 billion by 2030.
- The UK market is expected to grow at a CAGR of 11.4% 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 20,847.8 billion |
| Market revenue in 2030 | USD 44,257.5 billion |
| Growth rate | 11.4% (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, UK accounted for 4.4% 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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UK 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 36.53% in 2023. Horizon Databook has segmented the UK 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 U.K. accounted for the largest market share of 20% in 2022. The region’s growth is attributed to the strong focus on IoT security solutions to protect against cyber threats. With an increasing number of connected devices, there is a growing concern about data privacy and network vulnerabilities.
As a result, the U.K. is witnessing a trend toward the development and adoption of robust cybersecurity measures and regulations to ensure the integrity and confidentiality of IoT data.
Additionally, there is a notable emphasis on IoT applications in agriculture, where precision farming techniques are leveraging IoT node and gateway for soil monitoring, automated irrigation, and livestock tracking, ultimately leading to enhanced agricultural productivity and sustainability.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK iot node and gateway market , including forecasts for subscribers. This country databook contains high-level insights into UK iot node and gateway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK iot node and gateway market size, by connectivity, 2018-2030 (US$B)
UK IoT Node And Gateway Market Outlook Share, 2023 & 2030 (US$B)
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