The Global Narrowband Internet of Things (IoT) Market Growth at a rate of 58.73% in the forecast period 2022 to 2028

Market Analysis and Insights - Global Narrowband Internet of Things (IoT) Market

The narrowband internet of things (IoT) market size is valued at USD 136,539.9 million by 2028 and is expected to grow at a compound annual growth rate of 58.73% in the forecast period of 2021 to 2028. Data Bridge Market Research report on narrowband internet of things (IoT) provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Narrowband IoT helps to connect the devices more simply and proficiently on already established mobile networks. Its demand is increasing owing to several reasons, for instance very lower component cost, low power consumption, network security and reliability among others. 

The high deployment flexibility with GSM, WCDMA or LTE is expected to influence the growth of narrowband internet of things (IoT) market over the forecast period of 2021 to 2028. Also the demand for LPWAN use cases across verticals is also anticipated to flourish the growth of the narrowband internet of things (IoT) market. Furthermore, the extended coverage and long battery life and low deployment cost are also likely to positively impact the growth of the Narrowband internet of things (IoT) market. Moreover, the high growth in applications of NB-IoT technology along with advances in artificial intelligence (AI), machine learning (ML) and big data analytics are also expected create a huge demand for narrowband internet of things (IoT) as well as lifting the growth of the narrowband internet of things (IoT) market.

However, the high competition from rival LPWAN technologies and transformation downtime during up gradation of existing base stations are expected to act as the major limitations for the growth of narrowband internet of things (IoT) in the above mentioned forecasted period, whereas the deployment issues and less roaming support and uncertainty in pricing model can challenge the narrowband internet of things (IoT) market growth in the forecast period of 2021 to 2028.

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The Global Narrowband Internet of Things (IoT) Market Size

The narrowband internet of things (IoT) market is segmented on the basis of component, deployment type, device, application software, technology services, smart applications and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of component, the narrowband internet of things (IoT) market is segmented into network and module.

• Based on deployment type, the narrowband internet of things (IoT) market is segmented into stand-alone, guard band and in-band.

• On the basis of device, the narrowband internet of things (IoT) market is segmented into smart parking, smart meters, trackers, alarms and detectors, smart street lights, smart appliances, wearable devices and others.

• Based on application software, the narrowband internet of things (IoT) market is segmented into security solutions, real time streaming analytics, soil monitoring solutions, asset tracking solutions, logistics tracking solutions, smart parking management solutions and others.

• On the basis of technology services, the narrowband internet of things (IoT) market is segmented into professional services and managed services.

• Based on smart applications, the narrowband internet of things (IoT) market is segmented into smart governance, smart metering, smart buildings, smart asset tracking and others. Smart governance has further been segmented into smart lighting, smart parking, smart waste management and smart traffic management. Smart metering has further been segmented into smart electric, smart gas and smart water. Smart buildings have further been segmented into smart homes and smart offices.

Global Narrowband Internet of Things (IoT) Market Country Level Analysis

The narrowband internet of things (IoT) market is analyzed and market size, volume information is provided by country, component, deployment type, device, application software, technology services, smart applications and end user as referenced above.

The countries covered in the Narrowband internet of things (IoT) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).

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With a clear understanding of customer requirements, one method or combination of many methods have been used to construct the most excellent Global Narrowband Internet of Things (IoT) Market research report. Market analysis estimates the expected rise, growth or fall of the product in the specific forecast period. This market research report delivers an all-inclusive analysis of the market structure along with forecasts of the diverse segments and sub-segments of the market. The verified, best, and advanced methods and tools such as SWOT analysis and Porter's Five Forces Analysis are used carefully while generating Global Narrowband Internet of Things (IoT) Market market reports.  

Global Narrowband Internet of Things (IoT) Market Share Analysis

The narrowband internet of things (IoT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to narrowband internet of things (IoT) market.

Key Players Global Narrowband Internet of Things (IoT) Market

The major players covered in the narrowband internet of things (IoT) market report are AT&T Intellectual Property., Orange, SK TELECOM CO., LTD., Arm Limited, Vodafone Limited, China Unicom (Hong Kong) Limited, Deutsche Telekom AG, Telstra Corporation Limited, Telefonaktiebolaget LM Ericsson, Nokia, Sierra Wireless, Qualcomm Technologies, Inc., u-blox, ZTE Corporation, SEQUANS, Serecomm Corporation, Thales Group, Telit, SAMSUNG, and Intel Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

MAJOR TOC OF THE REPORT

• Chapter One: Introduction

• Chapter Two: Market Segmentation

• Chapter Three: Market Overview

• Chapter Four: Executive Summary

• Chapter Five: Premium Insights

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