UK Narrow Band (NB)-IoT Market, Size, Share, Analysis Report & Forecast to 2026

The UK NB-IoT market is estimated to grow at a CAGR of around 33.2% during the forecast period. The major factors that further contribute to the growth of the market include the developed ICT infrastructure, rising demand for cloud-based services due to availability of developed networking infrastructure in the country. The country has been a notable destination for cloud services due to its advanced economy and matures IT market. National, regional and local government and private companies are major buyers of cloud services. Large companies are adopting cloud technology more quickly than smaller firms, with uptake rates around 96% and 76%, respectively. Moreover, the high internet penetration rate has been acting as the major motivator of cloud services market in the region, that in turn drive the NB-IoT market. However, concern related to data privacy and security further projected to hinder the growth of the NB-IoT market during the forecast period .

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The UK market for NB-IoT is segregated on the basis of deployment type and industry. Based on the deployment type, the market is further classified into guard band, in-band, and standalone. The guard band segment is projected to have a considerable growth in the UK market owing significant deployment of guard band networks in the enterprises. Based on the Industry, the UK NB-IoT market is further segmented into logistics & transportation, energy & utilities, agriculture, industrial manufacturing, healthcare, and others. The industrial segment estimated to have a considerable growth in the market owing to the growing adoption of automation and IoT solutions in the manufacturing industry.

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The companies which are contributing to the growth of the UK NB-IoT market include AT&T, Inc., Intel Corp., Orange SA, Sequans Communications S.A, Telia Company AB, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, and others. product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.

UK Narrow Band (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)

Company Profiles
AT&T, Inc.
Deutsche Telekom AG
Intel Corp.
Orange SA
Qualcomm Technologies, Inc.
Sequans Communications S.A.
Telefónica S.A
Telefonaktiebolaget LM Ericsson
Telia Company AB
Vodafone Group Plc

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