IoT Node and Gateway Market to Reach $1394.3 Billion by 2033; Rising Demand for Vehicle Interior Aesthetics to Propel Growth [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Newark, May 09, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the USD 425.6 billion IoT node and gateway market will reach USD 1394.3 billion by 2033. With the advent of Low-Power Wide-Area Network (LPWAN) technologies like Sigfox and LoRa, which provide longer communication ranges and reduced power consumption, the market environment is changing. Network nodes and gateways for the Internet of Things (IoT) are transforming industries from logistics to agriculture. Sensor-equipped nodes collect real-time data, and gateways ensure the data gets to its destination effectively and safely. Industry demand for these technologies is predicted to increase as companies aim for automation and efficiency. More intelligent data processing at the edge is now possible because of recent advancements like incorporating AI and machine learning into the Internet of Things nodes. Request market scope and parent market analysis sample PDF: https://www.thebrainyinsights.com/enquiry/sample
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