Global Narrowband IOT Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Global

Share This On

Home > Reports > Telecom > Information Communications Technology > Global Narrowband IOT Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Global Narrowband IOT Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Narrowband IOT is a standard Low Power Wide Area Network (LPWAN) radio technology enabling a wide range of cellular devices and services developed by 3GPP. Global narrowband IOT market size was valued at $16.7 million in 2017 and is estimated to reach $761.81 million by 2025 with the CAGR of 61.21% during 2019-2025. The major factors driving the growth of narrow band IOT market are high adoption rate of IOT applications, increasing demand for LPWAN, availability in low cost as well as consumes les power, emerging offers with deeper coverage & higher security from NB-IOT, the life span for long duration cycle and emerging NB-IOT with standardized & licensed. Apart from drivers, few restraints such as competition from alternative LPWAN, data security, privacy issue, the transmission speed is high for low data, a breakdown in development of IOT & interpretability issue and the chain of an eco system including module, application platform & device are hampering the market growth. To overcome the restraints, emerging of accepting new technology, management of intelligent network bandwidth, rapidly rising smart cities & technology and increasing LPWAN devices will fuel the growth over the forecast period 2019-2025.

Research Study Objectives:

  • Define, estimate, and forecast the narrowband IOT market statistics by component, device, service, deployment type, end users and regions concerning the individual growth drivers, market trends and their contribution toward the narrowband IOT market growth
  • Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
  • Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
  • Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the narrowband IOT market analysis report.
  • Analysis and conclusions on the future narrowband
Global Narrowband IOT Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
IOT market outlook.

Top-down and bottom-up approaches are used to validate the narrowband IOT market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The narrowband IOT market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the narrowband IOT market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The narrowband IOT market segmentation is as follows:

By Component

  • Hardware
    • Module
    • Others
  • Software
    • Device Management
    • Network Management
  • Services
    • Deployment and Integration Services
    • Support and Maintenance Services

By Device

  • Aetelarms & Dctors
  • Smart Appliances
  • Smart Meters
  • Trackers
  • Wearable Devices
  • Other

By Deployment Type

  • Guard Band
  • In – Band
  • Standalone

By End Users

  • Healthcare
  • Automotive & Transportation
  • Building Automation
  • Energy
  • Agriculture
  • Infrastructure
  • Manufacturing
  • Retail
  • Safety & Security
  • Others

Geographical Analysis:

Narrowband IOT market is segmented by geography into North America, South America, Europe, Asia Pacific and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. The

You can also purchase parts of this report. Do you want to check out a section wise price list

Global Narrowband IOT Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Asia Pacific is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the narrowband IOT market include:

  • Scope Revision
  • Geographic Analysis
  • Company Profiles
  • Historical Data & Forecasting
  • Key Contact Persons in companies

Global Narrowband IOT Market Research Report Includes:

  • An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
  • To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
  • Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
  • Identifying DROC in the current market and their impact on altering market dynamics.
  • Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
  • Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
  • Identify the latest developments, market shares and strategies that are employed by the significant narrowband IOT market players, such as
    • AT & T Inc.
    • Telefonaktiebolaget L. M. Ericsson
    • Huawei Technologies Co. Ltd.
    • Intel Corporation
    • Microsoft Corporation

Along with these companies, many other companies are considered in the report while analysing the global narrowband IOT market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.

Exclusive Benefits

Credibility and
Transparency

We actively recruit consumers, business professionals, and elusive individuals for our research panels, fostering enduring relationships. Our commitment to transparency is evident in the comprehensive listing of primary and secondary data sources, ensuring unwavering credibility in our reports.

Exhaustive
Coverage

Uncover the full spectrum with Envision Intelligence. Our detailed and extensive geographical coverage, coupled with survey consultation services, spans brand tracking, concept testing, and consumer behaviour analysis. Adapt to your evolving needs with scalable market research services that leave no facet unexplored.

Competitive
Edge

Stay ahead with Envision Intelligence. Our reports provide the latest market updates up to the date of purchase. Recognising the urgency of impactful decisions, we deliver timely analyses on the unprecedented choices made by CXOs during the COVID-19 crisis—providing valuable insights at no extra cost.

Golden
pportunities

Unearth hidden gems with Envision Intelligence. Our analysts and consultants conduct a comprehensive strategic sieve analysis, augmented by AI tools, to identify non-obvious, golden, and emerging opportunities. Evaluate possibilities that set you apart in the market.

Top-notch Reportsd
Guaranteed

Experience unparalleled depth with Envision Intelligence. Over 70% of our research is exclusive, establishing us as the premier source for in-depth and extensive market insights. Elevate your decision-making with reports that go beyond the ordinary.

Post Purchase
Support

Empower your journey with Envision Intelligence. Our commitment extends beyond the purchase. Enjoy post-purchase support for three months, with queries addressed within 24 business hours via telephone or email. We stand by you in your quest for ongoing success.

Other Reports

Global Sesame Seeds Market – Size, Outlook, Trends and...

Starting from $2700

Global Meat Ingredients Market – Growth, Trends And...

Starting from $2700

Unmanned Aerial Vehicle Drones Market – Size, Outlook,...

Starting from $2700

Stay in the loop

Keep up-to-date with our weekly newsletter, Media Pulse.

Data-driven market insights & solutions

Follow Us On

We Accept

Our Office

30 N Gould St Ste N Sheridan,
WY 82801

© 2024 - Envision Intelligence | All Rights Reserved.
Designed by Webixion