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Narrowband IoT Market Size & Share, Global Trends Analysis, Forecast Report 2021-2027 | Valuates Reports
Asset tracking is expected to be the fastest-growing market in the NB-IoT smart application market as wireless asset tracking, sensing, and control of products would provide around-the-clock visibility concerning the whereabouts and state of assets in the supply chain.
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In particular, developments in Artificial Intelligence (AI ), Machine Learning (ML), and Big Data Analytics will enable businesses to analyze the large amounts of data collected from tracking and monitoring activities using IoT networks. As such, it is also anticipated that the growing adoption of IoT and connected devices, as well as AI, ML, and Big Data analytics through industrial and commercial applications, will contribute to the growth of the NB-IoT market size.
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Based on the region, North America is expected to hold the largest NB-IoT market share during the forecast period. Many leading system manufacturers and network service providers are based in North America, concentrating on the development and commercial delivery of consumer and industrial applications. Increasing disposable income, the growing tech-savvy population, and the continued adoption of new technologies for personal and business applications are some of the other major factors driving North America's demand.
Narrowband IoT (NB-IoT) Market by Type
➣Professional Services
➣Management Services
Narrowband IoT (NB-IoT) Market by Application
➣Agricultural
➣Logistics
➣Health Care
➣Industrial Production
➣Energy, Utilities
➣Retail
➣Other
Narrowband IoT (NB-IoT) Market by Region
➣North America
➣U.S.
➣Canada
➣Europe
➣Germany
➣France
➣U.K.
➣Italy
➣Russia
➣Nordic
➣Rest of Europe
➣Asia-Pacific
➣China
➣Japan
➣South Korea
➣Southeast Asia
➣India
➣Australia
➣Rest of Asia
➣Latin America
➣Mexico
➣Brazil
➣Rest of Latin America
➣Middle East & Africa
➣Turkey
➣Saudi Arabia
➣UAE
➣Rest of MEA
Major Players in the Narrowband IoT (NB-IoT) Market
➣Vodafone
➣China Unicom
➣China Telecom
➣AT&T
➣Etisalat
➣Telstra
➣Orange
➣Telefonica
➣SK Telecom
➣Deutsche Telekom
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