Market Overview:
The global NB IoT technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for NB IoT technology in various applications such as smart parking, utilities, wearable, industrial and others. Additionally, the growing demand for 5G cellular-based NB IoT technology is also propelling the growth of this market. However, lack of standardization and interoperability issues are some of the major factors restraining the growth of this market.
Product Definition:
NB IoT technology is a low power wide area network (LPWAN) that enables devices to connect and transmit data over long distances. NB IoT technology is important because it allows for the collection of data from devices located in remote areas or difficult-to-access locations.
3G Cellular-based:
3G cellular-based technology is used to deliver network connectivity for devices, which are attached to the physical environment. It uses frequencies between 3 GHz and 3.8 GHz for data transmission over short distances (less than 10 meters) using traditional mobile phones, smartphones or tablets as a radio interface.
4G Cellular-based:
4G cellular-based is a term used for the next generation of mobile wireless technology. It is also known as LTE Advanced or Long Term Evolution (LTE). The current 4G network provides services at a maximum speed of up to 42mb/s, which was introduced in 2009 with the launch of HSDPA+ technology.
Application Insights:
The smart parking application segment is expected to witness significant growth over the forecast period. The increasing number of smart city projects across the globe has resulted in increased demand for IoT-enabled parking systems, which, in turn, is anticipated to drive the market growth over the forecast period.
The utilities application segment accounted for a substantial share of 23.3% in 2017 and is expected to grow at a CAGR exceeding 14% from 2018 to 2030 owing to an increase in demand for energy efficient solutions that improve operational efficiency while reducing costs. Moreover, an increase in penetration of 4G technology and cloud computing has resulted in improved data connectivity between devices which enables real-time monitoring enabling effective maintenance operations leading by tracking device locations thereby driving industry growth over the coming years.
Other applications include wearable devices such as fitness bands.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the presence of major technology players, such as AT&T;, T-Mobile US Inc.; and Verizon Communications Inc. The increasing number of smart city projects in U.S., coupled with growing adoption of IoT technologies across various sectors including transportation & logistics (T&L), healthcare, and others is further driving regional growth.
The Asia Pacific region accounted for a revenue share exceeding 20% in 2017 owing to the increased deployment of 5G network infrastructure along with rising demand for advanced internet services. Countries such as China are investing heavily in 5G network infrastructure development which will provide high-speed data transfer rates thereby creating lucrative opportunities for industry participants operating within the region over next few years.
Growth Factors:
- Increasing demand for NB-IoT technology in the automotive sector for vehicle-to-vehicle and vehicle-to-infrastructure communication.
- Proliferation of low cost sensors and modules that support NB IoT technology
- Growing demand from the industrial sector for applications such as smart metering, asset tracking, and predictive maintenance
- Rapid expansion of 5G networks, which will provide a high bandwidth backbone to support large scale deployments of NB IoT devices
- Development of innovative new applications that take advantage of the unique capabilities offered by NB IoT technology
Scope Of The Report
Report Attributes
Report Details
Report Title
NB IoT Technology Market Research Report
By Type
3G Cellular-based, 4G Cellular-based, 5G Cellular-based
By Application
Smart Parking, Utilities, Wearable, Industrial, Others
By Companies
Huawei, Nokia, Ericsson, Deutsche Telekom, ARM, Accent Advanced Systems, Rogers
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global NB IoT Technology Market Report Segments:
The global NB IoT Technology market is segmented on the basis of:
Types
3G Cellular-based, 4G Cellular-based, 5G Cellular-based
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 Parking, Utilities, Wearable, Industrial, 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
- Nokia
- Ericsson
- Deutsche Telekom
- ARM
- Accent Advanced Systems
- Rogers
Highlights of The NB IoT Technology 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:
- 3G Cellular-based
- 4G Cellular-based
- 5G Cellular-based
- By Application:
- Smart Parking
- Utilities
- Wearable
- Industrial
- 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 NB IoT Technology 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
NB IoT Technology is a platform that helps businesses to connect with customers and employees through the use of smart devices. This platform provides businesses with the ability to collect data from devices, track customer interactions, and manage employee productivity.
Some of the key players operating in the nb iot technology market are Huawei, Nokia, Ericsson, Deutsche Telekom, ARM, Accent Advanced Systems, Rogers.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 NB IoT Technology 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 NB IoT Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 NB IoT Technology 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 NB IoT Technology 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 NB IoT Technology Market Size & Forecast, 2018-2028
4.5.1 NB IoT Technology Market Size and Y-o-Y Growth
4.5.2 NB IoT Technology Market Absolute $ Opportunity
Chapter 5 Global NB IoT Technology 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 NB IoT Technology Market Size Forecast by Type
5.2.1 3G Cellular-based
5.2.2 4G Cellular-based
5.2.3 5G Cellular-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global NB IoT Technology 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 NB IoT Technology Market Size Forecast by Applications
6.2.1 Smart Parking
6.2.2 Utilities
6.2.3 Wearable
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global NB IoT Technology 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 NB IoT Technology 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 NB IoT Technology Analysis and Forecast
9.1 Introduction
9.2 North America NB IoT Technology 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 NB IoT Technology Market Size Forecast by Type
9.6.1 3G Cellular-based
9.6.2 4G Cellular-based
9.6.3 5G Cellular-based
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 NB IoT Technology Market Size Forecast by Applications
9.10.1 Smart Parking
9.10.2 Utilities
9.10.3 Wearable
9.10.4 Industrial
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 NB IoT Technology Analysis and Forecast
10.1 Introduction
10.2 Europe NB IoT Technology 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 NB IoT Technology Market Size Forecast by Type
10.6.1 3G Cellular-based
10.6.2 4G Cellular-based
10.6.3 5G Cellular-based
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 NB IoT Technology Market Size Forecast by Applications
10.10.1 Smart Parking
10.10.2 Utilities
10.10.3 Wearable
10.10.4 Industrial
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 NB IoT Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific NB IoT Technology 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 NB IoT Technology Market Size Forecast by Type
11.6.1 3G Cellular-based
11.6.2 4G Cellular-based
11.6.3 5G Cellular-based
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 NB IoT Technology Market Size Forecast by Applications
11.10.1 Smart Parking
11.10.2 Utilities
11.10.3 Wearable
11.10.4 Industrial
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 NB IoT Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America NB IoT Technology 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 NB IoT Technology Market Size Forecast by Type
12.6.1 3G Cellular-based
12.6.2 4G Cellular-based
12.6.3 5G Cellular-based
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 NB IoT Technology Market Size Forecast by Applications
12.10.1 Smart Parking
12.10.2 Utilities
12.10.3 Wearable
12.10.4 Industrial
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) NB IoT Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) NB IoT Technology 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) NB IoT Technology Market Size Forecast by Type
13.6.1 3G Cellular-based
13.6.2 4G Cellular-based
13.6.3 5G Cellular-based
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) NB IoT Technology Market Size Forecast by Applications
13.10.1 Smart Parking
13.10.2 Utilities
13.10.3 Wearable
13.10.4 Industrial
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 NB IoT Technology Market: Competitive Dashboard
14.2 Global NB IoT Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Huawei
14.3.2 Nokia
14.3.3 Ericsson
14.3.4 Deutsche Telekom
14.3.5 ARM
14.3.6 Accent Advanced Systems
14.3.7 Rogers
