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North American Narrow Band (NB)-IoT Market Trends, Size, Competitive Analysis and Forecast 2021-2027

06-10-2021 12:05 PM CET | IT, New Media & Software

Press release from: Orion Market Research

North American Narrow Band (NB)-IoT Market Trends, Size,

The North American NB-IoT market is projected to grow at a significant CAGR of around f35.3% during the forecast period (2021-2027). The market is mainly driven by the growing integration of smart connected devices in the region. The presence of telecommunication giants such as Verizon, AT&T, and T-Mobile, particularly in the US, has contributed significantly to the increased adoption of NB-IoT in the US. For instance, in July 2019, AT&T and Badger Technologies established a partnership for accelerating automation within retail environments by using autonomous robots with 5G wireless networking capabilities. The 5G wireless networking technology further expanded the adoption of NB-IoT in the communication sector that further contribute to the growth of the market.

To Request a Sample of our Report on North American Narrow Band (NB)-IoT Market: https://www.omrglobal.com/request-sample/north-american-narrow-band-iot-market

Though several factors such as cloud adoption, high network technologies and so forth have been driving the IoT market, some restraints such as lack of government funding are still hindering the market growth. For instance, Federal agencies lack the necessary funding to adopt and deploy IoT solutions. The federal budget for IT investments was approximately $87 billion in 2015. This amount was proposed $89.9 billion for 2017. The growth rate of federal IT budgets has seen dramatically decrease over the last few years. The annual rate of growth in IT spending was 7.1% from 2001 to 2009; however, it shrunk to remain at 1.8% annually since 2009.

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North American 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)

North American NB-IoT Market – Segmentation by Region
• United States
• Canada

Company Profiles
• AT&T, Inc.
• Huawei Technologies Co., Ltd.
• Intel Corp.
• MediaTek Inc.
• Nokia Corp.
• Orange SA
• Qualcomm Technologies, Inc.
• Telefonaktiebolaget LM Ericsson
• Verizon Communications Inc.
• Vodafone Group Plc

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2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/north-american-narrow-band-iot-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
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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