The Global IoT Gateways Market size was valued at USD 2.35 billion in 2024 and is expected to reach USD 7.60 billion by 2032, at a CAGR of 15.8% during the forecast period[AN1]
This growth is driven by factors such as the increasing demand for connected devices, edge computing, and real-time data processing across industries.
The global near field communications tags market size was valued at USD 10.66 billion in 2024 and is expected to reach USD 28.75 billion by 2032, at a CAGR of 13.20% during the forecast period
The market growth is primarily driven by the increasing adoption of contactless payment systems, advancements in IoT connectivity, and the growing integration of NFC technology in smartphones and wearable devices
Rising consumer demand for secure, efficient, and seamless connectivity solutions for payments, access control, and data transfer is positioning NFC tags as a preferred technology across various industries, significantly contributing to market expansion
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