Global Private Narrowband IoT Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Global Private Narrowband IoT Market 2024 by Company, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Private Narrowband IoT market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

Private narrowband IoT is a low power wide area technology, which is developed to allow an extensive range of new IoT devices and services. The private narrowband IoT improves power consumption of user devices, system capacity, and spectrum efficiency. In recent years, mobile operators have been deploying network capabilities enabling narrowband-IoT coverage for their customers, which boosts the market growth. NB-IOT are deployed for a number of applications including smart metering (water, electricity and gas), intruder, and fire alarms for commercial properties, facility management services, tracking of people, animals, or objects. Private NB-IoT offers extended coverage and higher security over its substitutes, which fuels growth of the market.

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.

The Global Info Research report includes an overview of the development of the Private Narrowband IoT industry chain, the market status of Smart Meter (Guard-Band, In-Band), Smart Lighting (Guard-Band, In-Band), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Private Narrowband IoT.

Regionally, the report analyzes the Private Narrowband IoT markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Private Narrowband IoT market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Private Narrowband IoT market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Private Narrowband IoT industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Guard-Band, In-Band).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Private Narrowband IoT market.

Regional Analysis: The report involves examining the Private Narrowband IoT market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Private Narrowband IoT market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Private Narrowband IoT:

Company Analysis: Report covers individual Private Narrowband IoT players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Private Narrowband IoT This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Smart Meter, Smart Lighting).

Technology Analysis: Report covers specific technologies relevant to Private Narrowband IoT. It assesses the current state, advancements, and potential future developments in Private Narrowband IoT areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Private Narrowband IoT market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Private 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.

Market segment by Type
Guard-Band
In-Band
Standalone

Market segment by Application
Smart Meter
Smart Lighting
Smart Parking
Alarm and Detector
Others

Market segment by players, this report covers
Altair Semiconductor
AT&T
Cellco Partnership (Verizon Wireless)
Huawei Technologies Co.
Ltd.,Intel Corporation
MediaTek Inc.
Nokia, Sequans
Telefonaktiebolaget LM Ericsson
T-Mobile US, Inc.
Vodafone Group PLC
Qualcomm Technologies, Inc.

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Private Narrowband IoT product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Private Narrowband IoT, with revenue, gross margin and global market share of Private Narrowband IoT from 2019 to 2024.

Chapter 3, the Private Narrowband IoT competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Private Narrowband IoT market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Private Narrowband IoT.

Chapter 13, to describe Private Narrowband IoT research findings and conclusion.