Press release
Global Narrow Band (NB)-IoT Market Size, Share, Analysis, Industry Report and Forecast 2020-2026
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Moreover, there is a significant integration of IoT technology in energy & utilities sector that enabled the concept of smart devices in every from the grid to the city. At present, smart metering and smart grid are widely used solutions. However, energy management is isolated from smart metering. Smart grids are one of the most widely used energy solutions which can co-ordinate the requirements and capabilities of multiple entities. These entities include grid operators, generators, electricity market stakeholders and end-users and allow efficient operation of all parts of the system. It minimizes the costs and environmental impacts while maximizes the reliability, resilience and stability of the system.
There is significant adoption of IoT in government sector that further augment the NB-IoT market. IoT in government and safety applications allow improved law enforcement, defense, city planning, and economic management. The technology possesses the capabilities to fill the current gaps as well as corrects many current flaws along with expanding the reach of these efforts. For instance, IoT can help city planners to have a clearer view of the impact of their design as well as governments can have a better idea of the local economy. IoT promotes the development of smart nations and smart cities by focusing on enhancement of infrastructure in numerous sectors such as healthcare, transportation, energy, and so forth.
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IoT solutions have been adopted by the retailers across a number of applications. This adoption of IoT by the retailers improves store operations, increases purchases through cross selling, enables precise inventory management,reduces theft, and most importantly enhances the shopping experience of the consumers. The IoT solutions enable offline retailers to have a strong competition against the online challengers, for regaining the lost market share. In addition, it continually attracts the consumers into the store, making it easier for the customers to buy more while saving money. The IoT presents an opportunity for the retailers for developing a much-improved ecosystem to connect physical and digital world.
Global NB-IoT Market Segmentation
By Deployment Type
• Guard Band
• In-Band
• Standalone
By Industry
• Logistics and Transportation
• Energy & Utilities
• Agriculture
• Industrial Manufacturing
• Healthcare
• Other(Retail)
Global NB-IoT Market – Segment by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• AT&T, Inc.
• China Mobile Ltd.
• Deutsche Telekom AG
• Etisalat
• Huawei Technologies Co., Ltd.
• Intel Corp.
• MediaTek Inc.
• Nokia Corp.
• Orange SA
• Qualcomm Technologies, Inc.
• SK Telecom Co., Ltd.
• Sequans Communications S.A.
• Telefónica S.A
• Telstra Corporation Ltd.
• Telefonaktiebolaget LM Ericsson
• Telia Company AB
• Verizon Communications Inc.
• Vodafone Group Plc
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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