Press release
Narrowband IoT Market and Forecast to 2025 | By Top Players Like ABB Ltd., Johnson Controls, Inc., Crestron Electronics, Inc., United Technologies Corporation
Narrow-band IoT offers advantages such as reduced costs and reduced power consumption for an area of greater coverage that primarily drives the adoption of emerging narrow-band IoT technology. As a recently launched offer of narrowband cellular Third Generation Partnership Project, Narrowband IoT makes municipal applications such as street lighting, measurement of public services, toll rates and smart parking more efficient and effective. The narrowband IoT can be implemented in several frequency bands using a bandwidth of 200 kHz to provide better indoor coverage compared to GSM. Some other advantages of narrow-band IoT include battery life of more than 10 years, a high level of security and compatibility with the existing cellular infrastructure and the low-cost device.The Narrowband IoT market size is expected to grow from US$ 320.5 Million in 2017 to US$ +8,221.3 Million by 2023, at a CAGR of +91.3% during the forecast period.
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Top Key Players:
This report focuses on the top players in global Narrowband IoT Market, like, Huawei Technologies, Qualcomm Technologies, Ericsson Corporation, Vodafone Group, Nokia Corporation, SEQUANS Communications, Quectel Wireless Solutions, ZTE Corporation, Sierra Wireless, Intel Corporation, Deutsche Telekom, China Telecom, China Unicom, and Etisalat Corporation
The scope of the Narrowband IoT Market elaborated across the various regions, such as Japan, North America, China, India and Asia Pacific. In addition to this, it gives the distribution of various terms such as prices, growth rate, and investment. To represent the market aspects more effectively, it uses graphical representations, such as charts, graphs, figures, and much more. The report highlights the major technical key points, which helps to decide the standard procedures of the industries.
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Market segment by Type, Narrowband IoT can be split into
• Hardware
• Software
• Services
Market segment by Application, Narrowband IoT can be split into
• Healthcare
• Retail
• Energy & utilities
• Transportation & logistics
• Agriculture
• Smart Cities
• Others
Report Consultant concluded, with effective innovation, introduction, and improvement of products and processes. It throws light on effective research in various domains such as home automation, which helps to give insight into desired solutions. The report offers a multi-step view of the global Narrowband IoT Market. The principal approach passes through an outline of the market. This comprises numerous arrangements, definitions, series and configurations of the industry as a whole and also gives a brief on the different applications of the global market.
In this study, the years considered to estimate the size of Narrowband IoT Market are as follows:
History Year: 2013-2018
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
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Table of Content:
Chapter 1: Industry Overview
Chapter 2: Narrowband IoT Market Analysis
Chapter 3: Environment Analysis of Narrowband IoT Market
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Revenue by Regions and Applications
Chapter 6: Analysis of Narrowband IoT Market Status.
Chapter 7: Analysis of Narrowband IoT Industry Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Chapter 9: Marketing Trader or Distributor Analysis of Home Automation
Chapter 10: Development Trend of Narrowband IoT Industry 2016-2021
Chapter 11: Industry Chain Suppliers of Narrowband IoT Sector with Contact Information
Chapter 12: New Project Investment Feasibility Analysis of Narrowband IoT Sector
Chapter 13: Conclusion of the Global Narrowband IoT Market Research
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