Global Narrowband IoT Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI12249096

Publication Date:

December 13, 2024

Pages:

113

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Narrowband IoT market size was valued at US$ 241.1 million in 2023. With growing demand in downstream market, the Narrowband IoT is forecast to a readjusted size of US$ 1334.5 million by 2030 with a CAGR of 27.7% during review period.
The research report highlights the growth potential of the global Narrowband IoT market. Narrowband IoT are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Narrowband IoT. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Narrowband IoT market.
Narrowband IoT (NB-IoT) is a Low Power Wide Area Network (LPWAN) radio technology standard developed by 3GPP to enable a wide range of cellular devices and Services.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Key Features:
The report on Narrowband IoT market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Narrowband IoT market. It may include historical data, market segmentation by Type (e.g., Short-range Communication, Low Power Wide Area Network), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Narrowband IoT market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Narrowband IoT market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Narrowband IoT industry. This include advancements in Narrowband IoT technology, Narrowband IoT new entrants, Narrowband IoT new investment, and other innovations that are shaping the future of Narrowband IoT.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Narrowband IoT market. It includes factors influencing customer ' purchasing decisions, preferences for Narrowband IoT product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Narrowband IoT market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Narrowband IoT market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Narrowband IoT market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Narrowband IoT industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Narrowband IoT market.
Market Segmentation:
Narrowband IoT market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
by Transmission Distance
Short-range Communication
Low Power Wide Area Network
by Deployment Method
Stand Alone
Guard Band
In Band
Segmentation by application
Smart Governance
Smart Metering
Smart Buildings
Smart Asset Tracking
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Huawei Technologies
Vodafone
Emirates Telecommunications
Telecom Italia
Qualcomm
China Unicom
Intel
Ericsson
Nokia Networks
Verizon Communication

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Narrowband IoT Market Size 2019-2030
2.1.2 Narrowband IoT Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Narrowband IoT Segment by Type
2.2.1 Short-range Communication
2.2.2 Low Power Wide Area Network
2.3 Narrowband IoT Market Size by Type
2.3.1 Narrowband IoT Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Narrowband IoT Market Size Market Share by Type (2019-2024)
2.4 Narrowband IoT Segment by Application
2.4.1 Smart Governance
2.4.2 Smart Metering
2.4.3 Smart Buildings
2.4.4 Smart Asset Tracking
2.4.5 Others
2.5 Narrowband IoT Market Size by Application
2.5.1 Narrowband IoT Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Narrowband IoT Market Size Market Share by Application (2019-2024)
3 Narrowband IoT Market Size by Player
3.1 Narrowband IoT Market Size Market Share by Players
3.1.1 Global Narrowband IoT Revenue by Players (2019-2024)
3.1.2 Global Narrowband IoT Revenue Market Share by Players (2019-2024)
3.2 Global Narrowband IoT Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Narrowband IoT by Regions
4.1 Narrowband IoT Market Size by Regions (2019-2024)
4.2 Americas Narrowband IoT Market Size Growth (2019-2024)
4.3 APAC Narrowband IoT Market Size Growth (2019-2024)
4.4 Europe Narrowband IoT Market Size Growth (2019-2024)
4.5 Middle East & Africa Narrowband IoT Market Size Growth (2019-2024)
5 Americas
5.1 Americas Narrowband IoT Market Size by Country (2019-2024)
5.2 Americas Narrowband IoT Market Size by Type (2019-2024)
5.3 Americas Narrowband IoT Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Narrowband IoT Market Size by Region (2019-2024)
6.2 APAC Narrowband IoT Market Size by Type (2019-2024)
6.3 APAC Narrowband IoT Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Narrowband IoT by Country (2019-2024)
7.2 Europe Narrowband IoT Market Size by Type (2019-2024)
7.3 Europe Narrowband IoT Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Narrowband IoT by Region (2019-2024)
8.2 Middle East & Africa Narrowband IoT Market Size by Type (2019-2024)
8.3 Middle East & Africa Narrowband IoT Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Narrowband IoT Market Forecast
10.1 Global Narrowband IoT Forecast by Regions (2025-2030)
10.1.1 Global Narrowband IoT Forecast by Regions (2025-2030)
10.1.2 Americas Narrowband IoT Forecast
10.1.3 APAC Narrowband IoT Forecast
10.1.4 Europe Narrowband IoT Forecast
10.1.5 Middle East & Africa Narrowband IoT Forecast
10.2 Americas Narrowband IoT Forecast by Country (2025-2030)
10.2.1 United States Narrowband IoT Market Forecast
10.2.2 Canada Narrowband IoT Market Forecast
10.2.3 Mexico Narrowband IoT Market Forecast
10.2.4 Brazil Narrowband IoT Market Forecast
10.3 APAC Narrowband IoT Forecast by Region (2025-2030)
10.3.1 China Narrowband IoT Market Forecast
10.3.2 Japan Narrowband IoT Market Forecast
10.3.3 Korea Narrowband IoT Market Forecast
10.3.4 Southeast Asia Narrowband IoT Market Forecast
10.3.5 India Narrowband IoT Market Forecast
10.3.6 Australia Narrowband IoT Market Forecast
10.4 Europe Narrowband IoT Forecast by Country (2025-2030)
10.4.1 Germany Narrowband IoT Market Forecast
10.4.2 France Narrowband IoT Market Forecast
10.4.3 UK Narrowband IoT Market Forecast
10.4.4 Italy Narrowband IoT Market Forecast
10.4.5 Russia Narrowband IoT Market Forecast
10.5 Middle East & Africa Narrowband IoT Forecast by Region (2025-2030)
10.5.1 Egypt Narrowband IoT Market Forecast
10.5.2 South Africa Narrowband IoT Market Forecast
10.5.3 Israel Narrowband IoT Market Forecast
10.5.4 Turkey Narrowband IoT Market Forecast
10.5.5 GCC Countries Narrowband IoT Market Forecast
10.6 Global Narrowband IoT Forecast by Type (2025-2030)
10.7 Global Narrowband IoT Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Huawei Technologies
11.1.1 Huawei Technologies Company Information
11.1.2 Huawei Technologies Narrowband IoT Product Offered
11.1.3 Huawei Technologies Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Huawei Technologies Main Business Overview
11.1.5 Huawei Technologies Latest Developments
11.2 Vodafone
11.2.1 Vodafone Company Information
11.2.2 Vodafone Narrowband IoT Product Offered
11.2.3 Vodafone Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Vodafone Main Business Overview
11.2.5 Vodafone Latest Developments
11.3 Emirates Telecommunications
11.3.1 Emirates Telecommunications Company Information
11.3.2 Emirates Telecommunications Narrowband IoT Product Offered
11.3.3 Emirates Telecommunications Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Emirates Telecommunications Main Business Overview
11.3.5 Emirates Telecommunications Latest Developments
11.4 Telecom Italia
11.4.1 Telecom Italia Company Information
11.4.2 Telecom Italia Narrowband IoT Product Offered
11.4.3 Telecom Italia Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Telecom Italia Main Business Overview
11.4.5 Telecom Italia Latest Developments
11.5 Qualcomm
11.5.1 Qualcomm Company Information
11.5.2 Qualcomm Narrowband IoT Product Offered
11.5.3 Qualcomm Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Qualcomm Main Business Overview
11.5.5 Qualcomm Latest Developments
11.6 China Unicom
11.6.1 China Unicom Company Information
11.6.2 China Unicom Narrowband IoT Product Offered
11.6.3 China Unicom Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 China Unicom Main Business Overview
11.6.5 China Unicom Latest Developments
11.7 Intel
11.7.1 Intel Company Information
11.7.2 Intel Narrowband IoT Product Offered
11.7.3 Intel Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Intel Main Business Overview
11.7.5 Intel Latest Developments
11.8 Ericsson
11.8.1 Ericsson Company Information
11.8.2 Ericsson Narrowband IoT Product Offered
11.8.3 Ericsson Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Ericsson Main Business Overview
11.8.5 Ericsson Latest Developments
11.9 Nokia Networks
11.9.1 Nokia Networks Company Information
11.9.2 Nokia Networks Narrowband IoT Product Offered
11.9.3 Nokia Networks Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Nokia Networks Main Business Overview
11.9.5 Nokia Networks Latest Developments
11.10 Verizon Communication
11.10.1 Verizon Communication Company Information
11.10.2 Verizon Communication Narrowband IoT Product Offered
11.10.3 Verizon Communication Narrowband IoT Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Verizon Communication Main Business Overview
11.10.5 Verizon Communication Latest Developments
12 Research Findings and Conclusion

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