Narrowband IoT Market: Attributes of Efficiency and Efficacy for Municipal Applications Boost Adoption
As per a report by Transparency Market Research (TMR), the global narrowband IoT market is expected to attain a value of US$1052.69 mn by the end of 2025, expanding at a jaw-dropping CAGR of 33.12% between 2017 and 2025.
In terms of component, the key segments of the narrowband IoT market are hardware, software, and services. Hardware segment accounts for the leading share vis-à-vis revenue mainly because of the rising adoption of NB-IoT technology across a number of industry verticals.
Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13715
The key segments of the global narrowband IoT market depending upon application are smart metering, alarms and event detectors, smart bins, asset tracking, smart packing, and others. Of them, the segment of smart metering holds the leading share in the market as smart meters offer a number of advantages leading to its rising adoption.
Europe stands as the leading regional market for narrowband IoT. The region being home to some of the key players in the industry along with early adoption of NB-IoT technology in the region account for the dominance of the region.
Benefits of Low Cost and Low Power Consumption for Increased Coverage Area Drive Adoption
The growth of the global narrowband IoT market is primarily driven by growth in adoption of technology and widened application areas of technology for building smart cities. The Low Power Wide Area (LPWA) characteristic of narrowband IoT is leading to its rising adoption predominantly for the development of smart cities. NB-IoT offers a number of advantages such as very low power consumption, easy deployment into existing cellular network, lower component cost, excellent extended range in buildings and underground, and increased network security and reliability.
Browse Our Report: https://www.transparencymarketresearch.com/narrowband-internet-of-things-market.html
Narrowband IoT is supported by all major mobile equipment, chipset, and module manufacturers and it can co-exist with 2G, 3G, and 4G mobile networks. It also benefits from security and privacy features of mobile networks such as confidentiality, data integrity, support for user identity, and mobile equipment identification.
Narrowband IoT is a newly released cellular narrowband standard from 3rd Generation Partnership Project (3GPP). The relation of narrowband IoT to long term evolution (LTE) and its use for a number of frequency bands is acting in favor of adoption of narrowband IoT. Using a bandwidth of 200 kHz, narrowband IoT offers improved indoor coverage as compared to GSM, battery life of more than 10 years, high level of security, and compatibility with existing low cost device as well as with existing cellular network infrastructure.
Furthermore, growing adoption rate of narrowband-IoT across the world, the widened application areas of narrowband IoT, and improved security and network coverage over LTE cellular technology is also anticipated to boost the growth of narrowband IoT market.
Get TOC of This Report: https://www.transparencymarketresearch.com/report-toc/13715
The information presented here is based on the findings of a report by Transparency Market Research, titled “Narrowband IoT (NB-IoT) Market (Component - Hardware (Module), Software and Services; Application - Smart Metering, Asset Tracking, Alarms & Event Detectors, Smart Parking, and Smart Bins; End-use Industry - Healthcare, Retail, Energy & Utilities, Transportation & Logistics, Agriculture, and Smart Cities - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 – 2025.”
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
You can edit or delete your press release Narrowband IoT Market: Attributes of Efficiency and Efficacy for Municipal Applications Boost Adoption here
News-ID: 973766 • Views: 356
More Releases from Transparency Market Research
Food Premix Market Observe Substantial Growth by 2018-2026
Global Food Premix Market: Overview Globally, the parents are more conscious about their baby food. They prefer to give healthy and high nutritional content to their babies. This has led the demand in the global food premix market Read report Overview- https://www.transparencymarketresearch.com/food-premix-market.html Based on form and application are likely to be the key segments in which the market can be divided. Food & beverages, early life nutrition/ baby food, pharma OTC drugs, dietary supplements,
Calcium Silicate Market with Positive Long-Term Growth Outlook, 2016-2023
Calcium silicate, also known as calcium orthosilicate, is a white powder derived from diatomaceous earth and limestone. It is obtained by reacting calcium oxide and silica in various ratios. Calcium silicate possesses properties such as high physical water absorption and low bulk density. Due to these special physical characteristics calcium silicate has several applications in the construction sector. It is also used as a food additive in the food processing
Polysulfides Market Scope and Opportunities Analysis 2015– 2023
Polysulfides are chemical compounds that primarily comprise chains of sulfur atoms. These compounds exhibit various functional properties due to which they are chiefly consumed in building & construction, marine, aerospace, glass insulation, and polymer processing industries. Polysulfides possess high flexibility, high tensile strength, impermeability, chemical and weather resistance, and heat insulation. Read report Overview- https://www.transparencymarketresearch.com/polysulfides-market.html Hence, they are favorably used in coating and sealing applications. These sulfur compounds are generally classified as anionic
CRISPR and Cas Genes Market Compnies Size, Future Trends, Segmentation, Gross Ma …
Transparency Market Research (TMR) has published a new report titled, “CRISPR and Cas Genes Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global CRISPR and Cas genes market was valued at US$ 7,234.5 Mn by 2026, expanding at a CAGR of around 20.1% from 2018 to 2026. Increase in applications of CRISPR and Cas gene editing technology in bacteria and usage
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these