Narrowband IoT (NB-IoT) Market Size, Application Analysis And Type Analysis, End-Use, Regional Outlook, Competitive Strategies And Forecasts, 2019 – 2026.

Increasing application of IoT and rise in demand of network-enabled devices is fueling the market.

Market Size – USD 16.9 million in 2018, Market Growth - CAGR of 25.9%, Market Trends – Growth in IoT applications

The global Narrowband IoT (NB-IoT) market is expected to reach USD 200.04 million by 2026, according to a new report by Reports and Data. Currently LPWA i.e. low powered wide area wireless technology exists. They are non-standardized, fragmented and operational cost is high. The NB-IoT is projected to overcome these shortcomings and can highly reliable with low operational cost and also consume less power. NB-IoT operates on licensed spectrum that provides reliable and secure connectivity meanwhile assuring quality in service.

NB-IoT provides some benefits such as reliability, wider deployment, power efficiency cost savings and global reach. It also improves the consumption power in user devices, system capacity and spectrum efficiency. It is also supported by all major mobile equipment and can co-exist with 2G, 3G and 4G networks as well. It also provides secure and provides privacy features. However, low speed and data security concern is hindering the growth of the market.

North America will dominate the NB-IoT market. The U.S invest heavily into the R&D for the growth of the market. Government of U.S. is implementing IoT under the scheme “Smart America” across infrastructure and utilities. This is driving the NB-IoT market further. Deployment of smart infrastructure and smart city program in China, Japan and India is fueling the market in APAC region as well.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/press-release/global-narrowband-iot--nb-iot-market

Further key findings from the report suggest

• NB-IoT market is growing at a CAGR of 25.9%. It had a market value of USD 16.9 million in the year 2018 and is predicted to reach 200.04 million by 2026.
• Several driving factors like surge in deployment of IoT and rise in demand for smart cities and infrastructure is fueling the market further. Rise in demand for telematics, navigation, in-car infotainment services is driving the market in automotive and transportation industry.
• The soil standalone segment is expected to hold the largest market share of 53% and guard-band is expected to have a higher rate. Standalone is considered as a better option to run parallel with GSM leading more than one GSM carriers to be used to carry IoT traffic. This method accelerates time to market and maximizes the benefit of infrastructure on a global scale once NB-IoT is successfully tested.
• Alarms and detectors are also the highest growing segment because of the increase in theft and missing shipments. Trackers are being increasing demanded and used to get real time location of the vehicles.
• Along with the increase in alarms and detectors are the sector of sensors. With the rise in IoT MCU sensors are also increasingly used for monitoring purpose.
• North America will hold the largest share of 34%. With stringent policy implementation of US government, the market for NB-IoT is experiencing a real time surge. Program such as smart cities and infrastructure is encouraging the market of NB-IoT to grow at a rapid speed.
• Key participants include Ericsson, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Vodafone Group PLC, Nokia Networks, CommSolid GmBH, MistBase AB, Samsung Group, Intel Corporation, Verizon Communication, U-Blox Holding AG are among many others.
• June 2018: L&T technology services in its collaboration with Cadence Design System Inc. has launch latest NB-IoT L1, L2, L3 which is integrated on SoC to deliver fast time with low risk. It has utilized NB-IoT with low memory and foot print to enable custom target platforms.
• June 2018: LTE-M is providing NB-IoT across US and Mexico at low cost for mass deployment of IoT.

For the purpose of this report, Reports and Data have segmented global Narrowband IoT (NB-IoT) market on the basis of offering, deployment, devices, end-use application and region:

Offering Outlook (Revenue, USD Million; 2018-2026)

• Hardware
• Software
• Services

Deployment Outlook (Revenue, USD Million; 2018-2026)

• Soil Standalone
• Guard Band
• In-Band

Devices Outlook (Revenue, USD Million; 2018-2026)

• Smart Appliance
• Smart Meters
• Trackers
• Alarms and Detectors
• Wearable devices

End-Use Outlook (Revenue, USD Million; 2018-2026)

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

Regional Outlook (Revenue, USD Million; 2018-2026)

• North America
  1. U.S.
• Europe
  1. Germany
  2. UK
• Asia Pacific
  1. China
  2. India
• Latin America
  1. Brazil
• MEA

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