Narrowband – IoT Market 2021 Global Opportunities, Sales Revenue, Emerging Technologies, COVID – 19 Outbreak, Competitive Landscape, Top Key Players Analysis and Trends
Research Reports
Jan 18, 2021
Narrowband – IoT Market Highlights:
The Global Narrowband IoT market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.
In April 2016, Huawei and Vodafone announced the foundation of an Open IoT Lab for the product development and applications relating to NB-IoT technology. Many prominent vendors such as Huawei Technologies Co. Ltd., Emirates Telecommunications Corporation, Qualcomm Incorporated and Vodafone Group PLC among others are working towards making the IoT dream, a reality.
Narrowband – IoT Market is a type of M2M communication technology that is specifically optimized for internet of things (IoT). The NB-IoT modules only transmit small amount of infrequent data over long period of time. The Market of NB-IoT is showing healthy growth due to the various advantages offered over conventional M2M channels such as low cost, low power consumption, long battery backup, reliable connection with wide area coverage and deep penetration. The growing demand of low power connectivity solution and increasing interest in IoT platform are driving the market of NB-IoT.
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Major Key Players:
The Major Key players of Narrowband-IoT market are: Huawei Technologies Co. Ltd. (China), Vodafone Group PLC (U.K.), Emirates Telecommunications Corporation (UAE), Telecom Italia (Italy), Qualcomm Incorporated (U.S.), China Unicom (China), Intel Corporation (U.S.), Ericsson (Sweden), Nokia Networks (Finland), Verizon Communication (U.S.) among others.
Narrowband-IoT Market:
The usage of tracking devices and Smart meter is increasing among various industry such automotive & shipping industry, building automation, healthcare among others. NB-IoT offers wide coverage and low data rate transmission and is expected to be widely adopted by these industries for tracking and security applications among others. The increasing sensor deployment and machine-to-machine connectivity in order to manage the devices from remote locations are some of the major driving factors which are helping the NB-IoT market to achieve new heights in upcoming years.
Market Research Analysis:
Market Research Future Analysis shows that Narrowband-IoT Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~50%. Upcoming trends in the sensor technology, M2M communication, growing IoT industry with respect to autorotation and deployment of technology is expected to lead the market on new heights.
Table of Contents
- Report Prologue
- Introduction
2.1 Definition
2.2 Scope of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
Continued….
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List of Tables
Table 1 Global Narrowband-Iot Market By Device Type
Table 2 Global Narrowband-Iot Market By Deployment
Table 3 Global Narrowband-Iot Market By Vertical
Table 4 Global Narrowband-Iot Market By Regions
Table 5 North America Narrowband-Iot Market By Device Type
Continued….
List of Figures
Figure 1 Research Device Type
Figure 2 Global Narrowband-Iot Market: By Device Type (%)
Figure 3 Global Narrowband-Iot Market: By Device Type (%)
Figure 4 Global Narrowband-Iot Market: By Vertical (%)
Figure 5 Global Narrowband-Iot Market: By Region
Continued…
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