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

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

Growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals is expected to drive the overall market.

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

This Insight Report provides a comprehensive analysis of the global Narrowband IoT (NB-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 (NB-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 (NB-IoT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Narrowband IoT (NB-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 (NB-IoT).

The global Narrowband IoT (NB-IoT) market size is projected to grow from US$ 208.5 million in 2022 to US$ 1228.5 million in 2029; it is expected to grow at a CAGR of 28.8% from 2023 to 2029.

Asset tracking is expected to be the fastest growing market in the NB-IoT smart application market as wireless asset tracking, sensing, and control of products would provide a round-the-clock visibility concerning the whereabouts and state of assets in the supply chain.

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

Market Segmentation:

Segmentation by type
Professional Services
Management Services

Segmentation by application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other

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.
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom

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