Global Narrowband IoT Market Growth (Status and Outlook) 2023-2029

Global Narrowband IoT Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Narrowband IoT Industry Forecast” looks at past sales and reviews total world Narrowband IoT sales in 2022, providing a comprehensive analysis by region and market sector of projected Narrowband IoT sales for 2023 through 2029. With Narrowband IoT sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Narrowband IoT industry.

This Insight Report provides a comprehensive analysis of the global Narrowband IoT landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Narrowband IoT portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Narrowband IoT market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Narrowband IoT and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Narrowband IoT.

The global Narrowband IoT market size is projected to grow from US$ 241.1 million in 2022 to US$ 1334.5 million in 2029; it is expected to grow at a CAGR of 27.7% from 2023 to 2029.

NB-IoT focuses specifically on indoor coverage, low cost, long battery life, and high connection density. NB-IoT uses a subset of the LTE standard, but limits the bandwidth to a single narrow-band of 200kHz. It uses OFDM modulation for downlink communication and SC-FDMA for uplink communications.

This report presents a comprehensive overview, market shares, and growth opportunities of Narrowband IoT market by product type, application, key players and key regions and countries.

Market Segmentation:

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: The report will take approximately 2 business days to prepare and deliver.