The global market for NB-IoT is projected to have considerable CAGR during the forecast period. The major factors that propels the NB-IoT market include the growing integration of IoT technology in various sector such as logistics & transportation, energy & utilities, manufacturing and others. NB-IoT is a new cellular radio access technology specified by 3GPP(3rd Generation Partnership Project) to address the growing industry for low power wide area connectivity. The mobile industry is now integrating NB-IoT as a global coverage solution that enables application service providers, to operate and deploy their services across the globe. NB- IoT has been composed using a wide variety of smart devices ranging from industrial machines process to sensors that allows tracking and monitoring information. NB-IoT Technology has been widely adopted by the cities across the globe in order to transform cities and urban areas into smart cities. Rapid surges in the smart cities development have been witnessed over the past few years across the globe. Therefore, growing trends of smart cities and smart buildings further provides significant opportunity to the market.
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The global NB-IoT market is segmented based on 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 grow at a significant CAGR during the forecast period. The various industries such as retail, IT & telecom are adopting guard band NB IoT due to cost effectiveness and scalability and other benefits. On the basis of industry the market is further segregated into logistics & transportation, energy & utilities, agriculture, industrial manufacturing, healthcare, and others.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global NB-IoT Market by Deployment Type
- Guard Band
- In-Band
- Standalone
Global NB-IoT Market by Industry
- Logistics and Transportation
- Energy & Utilities
- Agriculture
- Industrial Manufacturing
- Healthcare
- Other(Retail)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AT&T, Inc.
- China Mobile Ltd.
- Deutsche Telekom AG
- Etisalat
- Huawei Technologies Co., Ltd.
- Intel Corp.
- MediaTek Inc.
- Nokia Corp.
- Orange SA
- Qualcomm Technologies, Inc.
- SK Telecom Co., Ltd.
- Sequans Communications S.A.
- Telefónica S.A
- Telstra Corporation Ltd.
- Telefonaktiebolaget LM Ericsson
- Telia Company AB
- Verizon Communications Inc.
- Vodafone Group Plc
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global NB-IoT market. Based on the availability of data, information related to pipeline deployments, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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