IoT Node and Gateway Market Market to Hit USD 995.25 billion by 2032, Growing at 9.1% CAGR: Polaris Market Research

Polaris Market Research today announced findings from its latest report, projecting the global iot node and gateway market to grow from USD 496.56 billion in 2024 to USD 995.25 billion by 2032, at a CAGR of 9.1%. The report examines market dynamics, industry trends, segment performance, regional opportunities, and competitive developments shaping the iot node and gateway market.

Growth is being influenced by Industry 4.0 adoption, wireless-communication advances, smart-device proliferation, edge computing, and growing demand for connected industrial and consumer systems. These developments are increasing demand for IoT connectivity, edge computing, smart devices, industrial IoT and creating opportunities for manufacturers, technology providers, suppliers, investors, and other stakeholders evaluating the market.

Analyst Commentary on IoT Node and Gateway Market Growth

“The iot node and gateway market is benefiting from Industry 4.0 adoption, wireless-communication advances, smart-device proliferation, edge computing, and growing demand for connected industrial and consumer systems, while evolving customer requirements are reshaping product and service strategies,” said a Polaris Market Research analyst. “Stakeholders can use segment-level and regional forecasts to identify attractive opportunities and plan sourcing, partnerships, capacity, and investment decisions through 2032.”

IoT Node and Gateway Market Market Statistics at a Glance

• 2024 Market Size: USD 496.56 billion
• 2032 Projected Market Size: USD 995.25 billion
• CAGR (2024-2032): 9.1%
• Largest / Leading Region: North America

Key Growth Drivers, Major Companies and Segments Covered

Growth Drivers: Industry 4.0 adoption, wireless-communication advances, smart-device proliferation, edge computing, and growing demand for connected industrial and consumer systems, alongside continued demand for IoT connectivity, edge computing, smart devices, industrial IoT.

Major Companies Covered: Advantech Co., Ltd., Cisco Systems, Inc., Dell Technologies Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Intel Corporation, Microchip Technology Inc., NXP Semiconductors N.V., Quectel Wireless Solutions Co., Ltd., Sierra Wireless, STMicroelectronics, Telit Communications, Texas Instruments, Toshiba Corporation, and Ubiquiti Inc..

Segments Covered: By Component (Hardware, Software, Services), By Connectivity Type (Bluetooth, WiFi, Zigbee, Others), By End-User, By Region.

Download a Free Sample of the IoT Node and Gateway Market Report → https://www.polarismarketresearch.com/industry-analysis/iot-node-and-gateway-market

Recent Developments in the IoT Node and Gateway Market

In November 2025, Itron acquired Urbint for USD 325 million to add AI-based risk prediction to smart-grid gateways; in October 2025, Qualcomm launched the QCS8550 gateway SoC with 5G RedCap and an AI accelerator.

The report also highlights wifi accounted for the largest connectivity share in 2022, while consumer electronics represented a significant end-user revenue segment. These developments demonstrate how product innovation, technology adoption, and changing end-user requirements are influencing the competitive landscape.

Regional Snapshot: North America Leads

North America dominated the global market in 2022 and is expected to maintain its leadership due to strong infrastructure, advanced technology adoption, Industry 4.0 initiatives, 5G, and edge-computing deployment.

Regional performance remains an important consideration for organizations evaluating the iot node and gateway market, as local demand conditions, infrastructure, technology adoption, regulation, and end-use industries can influence the pace of market development.

Why It Matters for Buyers Evaluating IoT Node and Gateway Market Opportunities

For stakeholders researching iot node and gateway market, the underlying report benchmarks market size, competitive positioning, segment-level forecasts, growth drivers, and regional dynamics. This information can support sourcing, partnership, product-development, market-entry, and investment decisions through 2032.

Explore the Full IoT Node and Gateway Market Market Report → https://www.polarismarketresearch.com/industry-analysis/iot-node-and-gateway-market

About Polaris Market Research

Polaris Market Research is a B2B syndicated market research and consulting firm offering 5,000+ published reports across 20+ industry verticals, delivering data-backed insights to help businesses make informed decisions.

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