Global narrowband IoT market To See Gigantic Growth By 2026 | AT&T, China Mobile Limited., Orange, Vodafone Group
A SWOT and Porter’s Five Forces analysis can be quite handy when it comes to determining the drivers and restraints of the narrowband IoT market. This report aims to underline all the key aspects of this market to keep you updated about the recent happenings of the market, for instance, key players and brand’s acquisitions, mergers, joint ventures, recent developments, products launches, and the competitive research.
The competition is expected to intensify in the upcoming years and augment the need for proper strategizing for business players. The narrowband IoT report further explains the market definition, classifications, applications, engagements, and global reach is for this industry while giving a CAGR forecast for the period of 2019 and 2026.
The market is estimated to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The growth in the market can be attributed to growing demand for LPWAN use cases and high deployment flexibility with GSM, WCDMA and LTE.
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Prominent players of global narrowband IoT market are AT&T, China Mobile Limited., Orange, SK TELECOM CO., LTD., Vodafone Group, Sierra Wireless, Qualcomm Technologies, Inc., u‑blox, ZTE Corporation, SEQUANSChina Unicom (Hong Kong) Limited, Deutsche Telekom AG, Etisalat, Telefónica S.A., Telstra, Ericsson AB , Nokia, Quectel Wireless Solutions Co., Ltd.
Narrowband IoT connects devices more simply and efficiently on already established mobile networks. Its demand is increasing due to several reasons, for instance very low power consumption, lower component cost, network security & reliability, and others. Other advantage of narrowband IoT is battery life is of more than 10 years. It has its wide application in agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, retail, and others.
Key Developments in the Market:
In February 2019, EITC collaborated with Nokia, Affirmed Networks and MediaTek to launch the next generation NB-IoT network, which would facilitate electronic devices to showcase and run a range of smart appliances including smart metering, smart buildings, smart asset tracking, smart parking etc. This invention would pave the path for 5G network, thereby boosting the adoption of NB-IoT.
In February 2017, Arm Limited has taken over two narrowband IoT startups, including Mistbase, which has invented NB-IoT for physical layer implementation, and NextG-Com, which has formed a two and three layered software stack for NB-IoT. With this acquisition of two flourishing startups, ARM would lead the market in NB-IoT, by launching new, innovative and technologically advanced products, along with expanding its customer base.
Global narrowband IoT market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of narrowband IoT market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Total Chapters in Narrowband IoT Market Report are:
- Chapter 1 Overview of Narrowband IoT Market
- Chapter 2 Global Market Status and Forecast by Regions
- Chapter 3 Global Market Status and Forecast by Types
- Chapter 4 Global Market Status and Forecast by Downstream Industry
- Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 7Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 8Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
- Chapter 10 Market Driving Factor Analysis of Low End Servers
- Chapter 11, Narrowband IoT Market Competition Status by Major Manufacturers
- Chapter 12, Narrowband IoT Market Major Manufacturers Introduction and Market Data
- Chapter 13 Upstream and Downstream Market Analysis of, Narrowband IoT Market
- Chapter 14 Cost and Gross Margin Analysis of Narrowband IoT Market
See The Complete Table Of Contents And List Of Exhibits, As Well As Selected Illustrations And Example Pages From This Report.
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Global Market Segmentation Narrowband IoT Market
The global narrowband IoT market is segmented on the basis of application software into security solutions, real time streaming analytics, soil monitoring solutions, asset tracking solutions, logistics tracking solutions, smart parking management solutions, and others.
On the basis of smart applications, the global narrowband IoT market is segmented into
- smart governance,
- smart metering,
- smart buildings,
- smart asset tracking,
On the basis of technology services, the global narrowband IoT market is segmented into
- professional services,
- managed services.
On the basis of geography, the global narrowband IoT market report covers data points for 28 countries across multiple geographies such as
- North America,
- South America,
- Europe,
- Asia-Pacific, and
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
On the basis of vertical, the global narrowband IoT market is segmented into
- agriculture,
- logistics and transportation,
- healthcare,
- industrial manufacturing,
- energy and utilities,
- retail
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