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Narrowband IoT (NB-IoT) Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2020–2027 | Reports And Data
Narrowband IoT (NB-IoT) Market
Narrowband-IoT, also called LTE Cat NB1, is a low power wide area (LPWA) network technology standard explicitly designed to broaden the application of IoT connectivity. It enables a broad spectrum of cellular devices and services and majorly focuses on indoor coverage, long battery life, enhanced connection density, and is highly cost-efficient.
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Market Overview:
The information and communication technology sector is expanding at a robust pace over the recent past. Technological advancements in the ICT sector, Artificial Intelligence and robots, increasing demand for smartphones, laptops equipped with latest technologies, and growing adoption of cloud services and IOT are key factors boosting market growth. Rising investments in research and development activities, and increasing usage of internet services, social networking, are fueling global market growth. In addition, rising focus on data security, increasing enhanced techniques to store large amount of data and rising demand for smart and wireless devices are further fueling global Narrowband IoT (NB-IoT) market growth.
Competitive Landscape:
The global Narrowband IoT (NB-IoT) market is extremely competitive and Dominant players in the global Narrowband IoT (NB-IoT) market are developing various strategies such as mergers and acquisitions, new product launches, investment in research and development activities, corporate deals, and partnerships to strengthen their market position and expand their product base.
Key companies operating in the market:
Ericsson, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Vodafone Group PLC, Nokia Networks, CommSolid GmBH, MistBase AB, Samsung Group, Intel Corporation, Verizon Communication, and U-Blox Holding AG
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Key questions addressed in the global Narrowband IoT (NB-IoT) market report:
What revenue CAGR is the global Narrowband IoT (NB-IoT) market projected to register over the forecast period?
What are the key outcomes of Porter’s Five Force analysis of the global Narrowband IoT (NB-IoT) market?
What are the key restraints hampering global market growth?
Which region is expected to account for largest revenue share between 2021 and 2028?
Which key players are operating in the global Narrowband IoT (NB-IoT) market?
The global Narrowband IoT (NB-IoT) market is further segmented into type and application:
By Offering (Revenue, USD Million; 2017-2027)
Hardware
Software
Services
By Deployment (Revenue, USD Million; 2017-2027)
Soil Standalone
Guard Band
In-Band
By Device (Revenue, USD Million; 2017-2027)
Smart Appliances
Smart Meters
Trackers
Alarms and Detectors
Wearable devices
By End-Use (Revenue, USD Million; 2017-2027)
Agriculture
Automotive & Transportation
Energy
Healthcare
Manufacturing
Retail
Safety & Security
Infrastructure,
Building Automation
Others
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Regional Outlook of Narrowband IoT (NB-IoT) Market:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global implementation of IoT
3.1.2. Global demand for smart cities and infrastructures
3.1.3. Prominence of North America in the world market
Chapter 4. Narrowband IoT (NB-IoT) Market Segmentation & Impact Analysis
4.1. Narrowband IoT (NB-IoT) Segmentation Analysis
4.2. Industrial Outlook
4.3. Regulatory Framework
4.4. Narrowband IoT (NB-IoT) Market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Implementation of machine to machine communication
4.4.1.2. Long range connectivity demand
4.4.1.3. Demand for low cost and power technology
4.4.2. Market restraint analysis
4.4.2.1. Low speed in transfer of data
4.4.2.2. Security concerns
4.5. Key opportunities prioritized
4.5.1. Emergence of smart infrastructure
Continued…
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