Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Platforms

Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband- IoT Market. Furthermore, rising need for connectivity in IoT applications and emerging investment in smart cities and smart buildings is an opportunistic factor for the NB-IoT market in the forecasted years. Organizations are adopting NB-IoT due to its advantages such as low power consumption, excellent penetration coverage, high deployment flexibility with GSM, WCDMA, or LTE and low component cost increasing the growth opportunity in narrowband IoT market.

Request Sample Report at: https://www.alliedmarketresearch.com/request-toc-and-sample/8823

Impact of COVID-19 on Narrowband IoT (NB-IoT) Market:

► The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery.

► The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation.

► The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics.

► In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the Narrowband IoT market in the upcoming years.

For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/8823

Low power wide area is specifically designed for connecting devices with using low power, low bandwidth requirements, while providing wider network coverage. Millions of devices are predicted to be connected via low power wide area. Networks in the next few years due to its benefits of extended coverage and long battery life in IoT integrated devices. Therefore, increasing the demand for NB-IoT market in the forecasted years.

Key benefits of the report:

► This study presents the analytical depiction of the global narrowband IoT industry along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global narrowband IoT market share.

► The current market is quantitatively analyzed to highlight the global narrowband IoT market growth scenario.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The report provides a detailed global narrowband IoT market analysis depending on competitive intensity and how the competition will take shape in coming years.

Buy Now & Get Exclusive Discount on this Report:
https://www.alliedmarketresearch.com/checkout-final/8223c6b561cb76b2d2aad44bff986fed

Access the full summary at: https://www.alliedmarketresearch.com/narrowband-iot-market-A08458

Narrowband IoT (NB-IoT) leverages direct sequence speed spectrum modulation technology. NB-IoT is very flexible and can operate in 2G, 3G and 4G band width. It eliminates the need for a gateway, which saves cost in the long run. It is characterized by improved indoor coverage, low delay sensitivity, low device power consumption, support of a massive number of low throughput devices, optimized network architecture, and it is ultra-cost efficient. This factor will create opportunity in the NB IoT market.

Key Market Players:

► Huawei Technologies Co. Ltd.

► Vodafone Group PLC.

► Telecom Italia SpA

► China Unicom

► Telefonaktiebolaget LM Ericsson

► Emirates Telecommunications Corporation

► Qualcomm Incorporated

► Intel Corporation

► Verizon Communications Inc.

► Nokia Networks

Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/8823

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.