Market Overview:
The global narrowband IoT market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for low-power wide area network (LPWAN) technology and the growing number of applications of NB-IoT. The global narrowband IoT market by type is segmented into short-range communication and low power wide area network. The short-range communication segment is further subsegmented into Bluetooth Low Energy, ZigBee, Z-Wave, and others. The LPWAN segment is further subsegmented into LTE Cat M1/NB1, LoRaWAN, Sigfox, and others. Of these segments, the LPWAN segment is expected to grow at a higher CAGR during the forecast period from 2018 to 2030 owing to its advantages such as longer range coverage and lower power consumption as compared with other technologies. The global narrowband IoT market by application is divided into smart governance, smart metering, smart buildings & facilities management,,smart asset tracking,,and other applications including connected healthcare devices,. Among these applications,.the smart metering application held the largest share in 2017 owingto its benefits such as improved energy efficiency,.reduced carbon footprints,.and increased revenue streams for utilities companies. However,.
Product Definition:
Narrowband IoT is an evolution of Low Power Wide Area Networks (LPWAN) that provides a more efficient way to connect devices and transmit data over long distances. Narrowband IoT networks are specifically designed for low-power devices, making them ideal for applications such as smart cities, fleet management, and the Industrial Internet of Things (IIoT).
Short-range Communication:
Narrowband IoT (NB-IoT) is a low power, short-range communication technology that can connect sensors to the cloud. It offers several benefits such as it's cost effective and easy to install. However, there are some challenges associated with it such as limited bandwidth and coverage area but these can be overcome by using multiple technologies like M2M & LoRA for increasing the range & speed of data transfer respectively.
Low Power Wide Area Network:
Low power wide area network (LoRaWAN) is a low-power wireless communication technology designed for long-range data transfer over large distances. It was initially developed by Silicondust, a subsidiary of Cisco Systems, to enable Internet Protocol television (IPTV) service in Europe. The technology has been evolving gradually since then and is now being used across several applications including asset tracking & management, smart metering & transmission lines monitoring among others.
Application Insights:
The global narrowband IoT market has been segmented on the basis of applications into smart governance, smart metering, smart buildings, asset tracking and other applications. The asset tracking application is expected to witness significant growth over the forecast period owing to its wide range of uses such as track and trace for pharmaceuticals in supply chains; location-based services for logistics & transportation; and monitoring & controlling remote machinery etc. The growing use of narrowband IoT technology in various industries including oil & gas, utilities, manufacturing etc. is anticipated to drive the overall market growth over the forecast period.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the increasing penetration of IoT devices in various industrial and commercial sectors. The region accounted for more than 30% revenue share in 2017, which can be attributed to early adoption of NB-IoT technology. Moreover, presence of major players such as AT&T; Corporation; Cisco Systems, Inc.; Google LLC; and Verizon Communications Inc., among others has contributed significantly toward regional growth.
Asia Pacific is anticipated to emerge as the fastest-growing regional market from 2018 to 2030 due its increasing deployment across several industries including oil & gas, utilities distribution, transportation logistics services providers among others. Furthermore, growing number of smart city projects coupled with favorable government policies are some other factors driving industry expansion over this region.
Growth Factors:
- Proliferation of low-cost, low-power sensors: The availability of low-cost, low-power sensors is fueling the growth of the NB IoT market. These sensors are used to collect data from various sources such as vehicles, buildings, and factories.
- Increasing demand for connected devices: The increasing demand for connected devices is driving the growth of the NB IoT market. These devices include wearables, home appliances, and industrial equipment.
- Growing popularity of smart cities: The growing popularity of smart cities is contributing to the growth of the NB IoT market. Smart cities use various technologies such as big data analytics and machine learning to improve urban infrastructure and services such as transportation and healthcare delivery systems..
Scope Of The Report
Report Attributes
Report Details
Report Title
Narrowband IoT Market Research Report
By Type
Short-range Communication, Low Power Wide Area Network
By Application
Smart Governance, Smart Metering, Smart Buildings, Smart Asset Tracking, Others
By Companies
Huawei Technologies, Vodafone, Emirates Telecommunications, Telecom Italia, Qualcomm, China Unicom, Intel, Ericsson, Nokia Networks, Verizon Communication
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Narrowband IoT Market Report Segments:
The global Narrowband IoT market is segmented on the basis of:
Types
Short-range Communication, Low Power Wide Area Network
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Smart Governance, Smart Metering, Smart Buildings, Smart Asset Tracking, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Huawei Technologies
- Vodafone
- Emirates Telecommunications
- Telecom Italia
- Qualcomm
- China Unicom
- Intel
- Ericsson
- Nokia Networks
- Verizon Communication
Highlights of The Narrowband IoT Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Short-range Communication
- Low Power Wide Area Network
- By Application:
- Smart Governance
- Smart Metering
- Smart Buildings
- Smart Asset Tracking
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Narrowband IoT Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Narrowband IoT (NB-IoT) is a subset of the Internet of Things (IoT) that uses low bandwidth, short range wireless communication to connect devices. NB-IoT enables devices to communicate with each other and with the cloud over very small distances, making it an ideal solution for applications such as smart cities, home automation, and health care.
Some of the major companies in the narrowband iot market are Huawei Technologies, Vodafone, Emirates Telecommunications, Telecom Italia, Qualcomm, China Unicom, Intel, Ericsson, Nokia Networks, Verizon Communication.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Narrowband IoT Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Narrowband IoT Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Narrowband IoT Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Narrowband IoT Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Narrowband IoT Market Size & Forecast, 2018-2028
4.5.1 Narrowband IoT Market Size and Y-o-Y Growth
4.5.2 Narrowband IoT Market Absolute $ Opportunity
Chapter 5 Global Narrowband IoT Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Narrowband IoT Market Size Forecast by Type
5.2.1 Short-range Communication
5.2.2 Low Power Wide Area Network
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Narrowband IoT Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Narrowband IoT Market Size Forecast by Applications
6.2.1 Smart Governance
6.2.2 Smart Metering
6.2.3 Smart Buildings
6.2.4 Smart Asset Tracking
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Narrowband IoT Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Narrowband IoT Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Narrowband IoT Analysis and Forecast
9.1 Introduction
9.2 North America Narrowband IoT Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Narrowband IoT Market Size Forecast by Type
9.6.1 Short-range Communication
9.6.2 Low Power Wide Area Network
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Narrowband IoT Market Size Forecast by Applications
9.10.1 Smart Governance
9.10.2 Smart Metering
9.10.3 Smart Buildings
9.10.4 Smart Asset Tracking
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Narrowband IoT Analysis and Forecast
10.1 Introduction
10.2 Europe Narrowband IoT Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Narrowband IoT Market Size Forecast by Type
10.6.1 Short-range Communication
10.6.2 Low Power Wide Area Network
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Narrowband IoT Market Size Forecast by Applications
10.10.1 Smart Governance
10.10.2 Smart Metering
10.10.3 Smart Buildings
10.10.4 Smart Asset Tracking
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Narrowband IoT Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Narrowband IoT Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Narrowband IoT Market Size Forecast by Type
11.6.1 Short-range Communication
11.6.2 Low Power Wide Area Network
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Narrowband IoT Market Size Forecast by Applications
11.10.1 Smart Governance
11.10.2 Smart Metering
11.10.3 Smart Buildings
11.10.4 Smart Asset Tracking
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Narrowband IoT Analysis and Forecast
12.1 Introduction
12.2 Latin America Narrowband IoT Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Narrowband IoT Market Size Forecast by Type
12.6.1 Short-range Communication
12.6.2 Low Power Wide Area Network
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Narrowband IoT Market Size Forecast by Applications
12.10.1 Smart Governance
12.10.2 Smart Metering
12.10.3 Smart Buildings
12.10.4 Smart Asset Tracking
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Narrowband IoT Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Narrowband IoT Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Narrowband IoT Market Size Forecast by Type
13.6.1 Short-range Communication
13.6.2 Low Power Wide Area Network
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Narrowband IoT Market Size Forecast by Applications
13.10.1 Smart Governance
13.10.2 Smart Metering
13.10.3 Smart Buildings
13.10.4 Smart Asset Tracking
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Narrowband IoT Market: Competitive Dashboard
14.2 Global Narrowband IoT Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huawei Technologies
14.3.2 Vodafone
14.3.3 Emirates Telecommunications
14.3.4 Telecom Italia
14.3.5 Qualcomm
14.3.6 China Unicom
14.3.7 Intel
14.3.8 Ericsson
14.3.9 Nokia Networks
14.3.10 Verizon Communication
