The North American NB-IoT market is estimated to grow at a CAGR of around 35.3% during the forecast period. The economic strength and well-established technology infrastructure of North America provides a solid platform for the growth of the NB- IoT market. Moreover, the increasing adoption of high network technologies which promotes the adoption of NB-IoT devices has been motivating the market. For instance, 280 million LTE Connections were reported in the region. More than 127 million Connections were recorded in North America only accounting for 41% of the total LTE connections. However, concern related to data security and privacy further projected to restrain the market growth during the forecast period.
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The North American 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 considerable growth in the North American market owing to the significant deployment of guard band networks in the enterprises. Based on the Industry, the North American 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. Based on geography, the North American NB-IoT market is further segregated into the US and Canada. Among, geography the US projected to have a considerable share in the North American NB-IoT market.
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The companies which are contributing to the growth of the North American NB-IoT market include AT&T, Inc., Huawei Technologies Co., Ltd., Qualcomm Technologies, Inc., MediaTek Inc., Verizon Communications Inc. 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.
North American 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)
North American Narrow Band (NB)-IoT Market – Segmentation by Region
United States
Canada
Company Profiles
AT&T, Inc.
Huawei Technologies Co., Ltd.
Intel Corp.
MediaTek Inc.
Nokia Corp.
Orange SA
Qualcomm Technologies, Inc.
Telefonaktiebolaget LM Ericsson
Verizon Communications Inc.
Vodafone Group Plc
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