Narrowband IoT (NB-IoT)

Narrowband IoT (NB-IoT) Market Outlook

The global Narrowband IoT (NB-IoT) market is projected to reach USD 7.5 billion by 2035, growing at a robust CAGR of approximately 25.4% during the forecast period from 2025 to 2035. This growth is driven by the increasing demand for low-power, wide-area connectivity solutions that can support a significant number of devices. As industries shift towards digital transformation and smart technologies, the adoption of NB-IoT solutions becomes paramount. Additionally, government initiatives aimed at promoting smart city projects and enhancing infrastructure development are also propelling market growth. The rise in applications such as smart metering, smart agriculture, and healthcare monitoring continues to be a significant driver as well.

Growth Factor of the Market

The growth factors propelling the Narrowband IoT market are multifaceted, reflecting both technological advancements and market demands. First and foremost, the exponential growth of the Internet of Things (IoT) ecosystem necessitates robust connectivity solutions, which NB-IoT can provide. The technology is tailored for low-bandwidth applications, making it ideal for sectors that require energy-efficient, long-range communication at a low cost. Furthermore, the increasing need for smart cities and infrastructure modernization is fueling investments in NB-IoT systems. Governments and industry stakeholders are also recognizing the importance of sustainable technology, driving the development and deployment of NB-IoT solutions that support environmental goals. Finally, the growing emphasis on data analytics and real-time monitoring in various sectors is amplifying the demand for NB-IoT, as organizations seek to leverage connectivity for enhanced decision-making.

Key Highlights of the Market

• The NB-IoT market is expected to witness a CAGR of 25.4% from 2025 to 2035.
• Smart metering applications are anticipated to dominate the market share due to the increasing demand for efficient energy management.
• The modules segment is projected to lead the product type segment, primarily driven by the need for scalable solutions.
• North America is expected to hold a considerable market share, owing to the high adoption of advanced technologies across industries.
• Governments across various regions are actively promoting the deployment of NB-IoT solutions to support smart infrastructure initiatives.

By Product Type

Modules :

The modules segment is poised to experience significant growth within the NB-IoT market. Modules serve as the backbone of NB-IoT deployments, providing the necessary hardware to facilitate communication between devices and networks. Their ability to integrate seamlessly with existing systems makes them an attractive option for industries aiming to upgrade their infrastructure. With advancements in module design, manufacturers are focusing on enhancing performance while reducing the overall size, which in turn fosters more flexible deployment scenarios across various applications. The push towards miniaturization and efficiency has prompted various sectors to invest in NB-IoT modules, leading to a surge in demand and market expansion. As businesses increasingly implement IoT solutions, the need for these modules will continue to grow, driving innovation and competition among manufacturers.

Chipsets :

Chipsets play a critical role in the NB-IoT ecosystem by enabling devices to communicate effectively within the network infrastructure. This segment has witnessed substantial advancements, with manufacturers focused on developing chipsets that offer multi-band support and improved energy efficiency. The ongoing evolution of chipset technology allows for better integration with various applications ranging from smart cities to healthcare systems. As industries seek to leverage the benefits of NB-IoT connectivity, the demand for high-performance chipsets is projected to rise significantly. Furthermore, with the increasing number of connected devices, companies are investing heavily in research and development to create next-generation chipsets that can support the anticipated growth in IoT deployments. The combination of enhanced capabilities and cost-effectiveness will further drive the market for chipsets in the coming years.

Devices :

The devices segment within the NB-IoT market encompasses a wide range of products that leverage NB-IoT technology for connectivity. These devices include smart meters, wearables, and industrial sensors, among others. As organizations increasingly adopt smart technologies, the demand for NB-IoT-enabled devices is expected to surge. These devices are designed to be energy-efficient, and compact, and offer long battery life, making them suitable for a variety of applications, particularly in remote monitoring and management. The compatibility of NB-IoT devices with existing infrastructure allows for easier integration, further boosting their market appeal. As industries continue to recognize the benefits of real-time data access and automation, the growth in device deployment will be a significant growth driver in the NB-IoT market.

Infrastructure :

The infrastructure segment is crucial to the success of the NB-IoT market, as it encompasses the necessary network components that enable NB-IoT connectivity. This includes base stations, gateways, and software platforms that facilitate communication between devices and networks. The increasing demand for scalable and robust network infrastructure to support the growing number of connected devices drives investment in this segment. Additionally, the advent of cloud-based solutions and edge computing is enhancing the capabilities of NB-IoT infrastructure, allowing for more efficient data processing and management. As industries continue to expand their IoT initiatives, investing in reliable infrastructure becomes imperative, thereby propelling growth in this sector of the NB-IoT market.

By Application

Smart Metering :

The smart metering application segment represents one of the most significant areas of growth for the NB-IoT market. Smart meters utilize NB-IoT technology to transmit real-time data for utilities such as water, electricity, and gas. This capability allows utility providers to monitor usage patterns, detect leaks, and optimize resource allocation efficiently. The global push towards energy conservation and sustainable resource management further boosts the demand for smart metering solutions. Additionally, smart meters enhance customer engagement by providing users with detailed usage information and billing accuracy. With governments enforcing stricter regulations on resource management, the adoption of smart metering solutions powered by NB-IoT is expected to accelerate, resulting in increased market penetration.

Smart Buildings :

The smart buildings application segment is gaining momentum as organizations seek to improve operational efficiency and reduce energy consumption through advanced automation. NB-IoT technology enables the integration of various building systems, such as lighting, heating, and security, allowing for centralized control and monitoring. This integration leads to cost savings and enhanced occupant comfort. The need for energy-efficient buildings in response to growing environmental concerns further fuels demand in this segment. As the trend toward smart cities grows, the smart buildings application is expected to play a critical role, with NB-IoT serving as the backbone for connectivity. The increasing focus on sustainable building practices is likely to drive substantial investments in this area.

Smart Agriculture :

The smart agriculture segment is rapidly emerging as a key application area for the NB-IoT market, driven by the need for efficient farming practices and sustainable agricultural methods. NB-IoT technology facilitates real-time monitoring of soil conditions, crop health, and environmental factors, allowing farmers to make informed decisions. The ability to connect a multitude of sensors across vast areas greatly enhances the productivity and efficiency of agricultural operations. As the global population continues to rise, the demand for increased agricultural output becomes critical, and NB-IoT solutions offer a viable pathway to achieving this goal. Furthermore, the trend towards precision agriculture, which emphasizes data-driven farming practices, is expected to propel the growth of this segment significantly in the coming years.

Asset Tracking :

Asset tracking is another vital application segment within the NB-IoT market, enabling organizations to monitor the location and condition of their assets in real-time. This capability is particularly beneficial for industries such as logistics, transportation, and supply chain management, where efficiency and accountability are paramount. NB-IoT technology offers the advantage of long-range connectivity and low power consumption, making it ideal for tracking devices that need to operate over extended periods. The increasing importance of visibility and control in asset management is driving organizations to adopt NB-IoT solutions, leading to enhanced operational efficiency and reduced costs. As the need for real-time data on asset conditions and movements continues to grow, the asset tracking application segment is expected to witness significant growth.

Healthcare :

The healthcare application segment is poised for growth as NB-IoT technology facilitates improved patient monitoring and care management. With the ability to connect medical devices and wearables, healthcare providers can access real-time data related to patient health, enabling timely interventions and better outcomes. The demand for telehealth and remote patient monitoring solutions is on the rise, particularly in response to the ongoing global emphasis on healthcare accessibility. Moreover, NB-IoT technology allows for the secure transmission of sensitive health data, ensuring compliance with regulatory standards. As the healthcare industry continues to innovate and prioritize patient-centric solutions, the adoption of NB-IoT for healthcare applications is expected to accelerate, driving significant growth in this segment.

By Deployment Mode

In-Band :

The in-band deployment mode for NB-IoT utilizes existing cellular networks to provide efficient connectivity solutions. This approach allows network operators to leverage their current frequency bands to enable IoT devices to communicate without requiring additional infrastructure. As a result, the in-band deployment mode is often favored by telecommunications companies due to its cost-effectiveness and ease of integration. Moreover, it allows for a smooth transition to IoT services, as operators can roll out NB-IoT capabilities without extensive modifications. The increasing number of connected devices and the corresponding demand for bandwidth are further propelling the adoption of the in-band deployment mode, making it a vital component of the overall NB-IoT market.

Standalone :

The standalone deployment mode for NB-IoT involves deploying dedicated infrastructure to support IoT communications, independent of existing cellular networks. This mode offers greater flexibility and allows for more extensive coverage in remote and rural areas where traditional cellular networks may be lacking. Additionally, a standalone deployment can optimize performance for specific applications, enhancing user experience. As industries seek tailored solutions to meet their unique connectivity needs, the standalone deployment mode is gaining traction. While higher investment costs may pose challenges, the benefits associated with improved reliability and performance are driving interest in this mode, leading to its anticipated growth within the NB-IoT market.

By Vertical

Manufacturing :

The manufacturing vertical is increasingly adopting NB-IoT solutions to enhance operational efficiency and productivity. By enabling smart factories, NB-IoT technology facilitates real-time monitoring of equipment, inventory, and production processes. This capability allows manufacturers to optimize resource allocation, reduce downtime, and enhance overall operational efficiency. Additionally, the integration of NB-IoT with industrial automation systems supports predictive maintenance, minimizing the risk of equipment failure. As the manufacturing sector experiences a significant digital transformation, the need for reliable and scalable connectivity solutions is expected to drive the growth of NB-IoT in this vertical. The focus on Industry 4.0 initiatives further propels the demand for NB-IoT solutions, positioning them as integral components of future manufacturing processes.

Healthcare :

The healthcare vertical is witnessing a surge in the adoption of NB-IoT technology to facilitate remote patient monitoring, telemedicine, and health data management. NB-IoT-enabled medical devices can transmit patient data in real time, enabling healthcare providers to monitor vital signs and respond promptly to emergencies. This capability enhances patient care and enables more efficient healthcare delivery. The emphasis on value-based care and the growing trend toward personalized medicine further amplify the demand for such technologies. Additionally, as healthcare organizations seek to reduce costs while enhancing patient outcomes, NB-IoT solutions emerge as a vital component in achieving these objectives. The increasing prevalence of chronic diseases necessitates effective monitoring solutions, further driving the NB-IoT market within the healthcare vertical.

Agriculture :

The agriculture vertical is increasingly leveraging NB-IoT technology to transform traditional farming practices into data-driven and efficient operations. NB-IoT facilitates the deployment of various sensors and devices that monitor soil moisture, crop health, and weather conditions, allowing farmers to make informed decisions. This technology enables precision agriculture, optimizing resource usage and improving crop yields. As the global population continues to rise, the demand for food production becomes more critical, and NB-IoT solutions present a feasible way to address these challenges. The ability to monitor equipment and livestock remotely further enhances operational efficiency in agriculture, positioning NB-IoT as a vital tool for modern farming practices. With the growing focus on sustainable agriculture, the adoption of NB-IoT solutions in this vertical is expected to expand significantly.

Automotive :

The automotive vertical is experiencing a transformation due to the integration of NB-IoT technology, which supports the development of connected vehicles and smart transportation solutions. NB-IoT enables vehicle-to-everything (V2X) communication, facilitating real-time data exchange between vehicles, infrastructure, and other road users. This capability enhances traffic management, improves navigation, and increases safety on the roads. As the automotive industry continues to focus on automation and connectivity, the adoption of NB-IoT technology is expected to grow substantially. Additionally, the push toward electric and autonomous vehicles necessitates robust connectivity solutions, further driving the demand for NB-IoT in this vertical. The collaboration between automotive manufacturers and technology providers will likely result in innovative solutions, solidifying the role of NB-IoT in the future of transportation.

Utilities :

The utilities vertical is increasingly adopting NB-IoT technology to enhance the management of resources such as water, electricity, and gas. With the growing demand for smart grids and infrastructure, NB-IoT enables utility providers to monitor consumption patterns, detect anomalies, and optimize resource allocation. The deployment of smart meters powered by NB-IoT technology allows for real-time data collection and analysis, improving operational efficiency and customer engagement. As the need for sustainable energy management escalates, the utilities sector is looking to NB-IoT solutions to achieve these goals. Additionally, the integration of renewables into the energy grid necessitates advanced monitoring and management systems, further driving the demand for NB-IoT in the utilities vertical. The focus on enhancing customer satisfaction and compliance with regulatory requirements positions NB-IoT as a vital technology for the future of utilities.

By Region

North America is anticipated to dominate the NB-IoT market, driven by the rapid adoption of advanced technologies across various sectors. The region is home to significant investments in smart city initiatives and infrastructure modernization, fostering a favorable environment for NB-IoT deployment. The market size in North America is projected to reach approximately USD 2.5 billion by 2035, with a robust CAGR of 26.8% during the forecast period. The presence of major telecommunications companies and technology providers further enhances the growth prospects for NB-IoT solutions in this region. Additionally, the increasing focus on sustainable practices and energy efficiency bolsters the demand for smart metering and smart building applications, which are likely to drive market growth in North America.

Europe is also expected to experience considerable growth in the NB-IoT market, with a projected market size of around USD 2.1 billion by 2035. The region has been proactive in promoting smart city projects and IoT initiatives, creating ample opportunities for NB-IoT technology adoption. Moreover, stringent regulations on energy consumption and resource management are encouraging utility providers and industries to invest in smart solutions. The emphasis on innovation and research within the European Union further supports the growth of NB-IoT, as various sectors seek to leverage connected technologies for enhanced operational efficiency. The anticipated CAGR for the European NB-IoT market is estimated at 24.2%, reflecting the region's commitment to fostering IoT advancements.

Opportunities

The opportunities within the NB-IoT market are abundant, driven by the continual advancements in technology and the increasing demand for connectivity solutions. One key area of opportunity lies in the expansion of smart city projects across the globe. Governments are investing heavily in developing smart infrastructure, which includes the deployment of smart lighting, waste management, and transportation systems that rely on NB-IoT connectivity. Such projects not only enhance urban living but also provide businesses with a platform to integrate their solutions. Additionally, the rise of Industry 4.0 presents a unique opportunity for NB-IoT technology to redefine manufacturing processes through automation, real-time monitoring, and predictive maintenance, driving operational efficiency and reducing costs. Companies that can tap into these opportunities stand to gain a significant competitive edge in the market.

Moreover, the growing emphasis on sustainability and environmental conservation is opening doors for NB-IoT solutions in agriculture and utilities. As global food production faces increasing pressure, the application of NB-IoT in precision agriculture allows for efficient resource management and improved crop yields. Similarly, utilities are adopting smart metering solutions to enhance energy management and drive down emissions. The convergence of technology and sustainability aligns perfectly with the core capabilities of NB-IoT, presenting significant opportunities for innovation and market penetration. Organizations that leverage these trends are likely to secure strategic partnerships and gain a foothold in emerging markets, ensuring long-term growth and success in the NB-IoT space.

Threats

Despite the promising growth trajectory of the NB-IoT market, several threats could hinder its expansion. One of the primary challenges is the issue of cybersecurity. As more devices connect to the internet through NB-IoT technology, the potential for cyber-attacks becomes increasingly significant. Vulnerabilities in the network could lead to data breaches, service disruptions, and loss of consumer trust. Companies must invest in robust security measures to safeguard their systems, but this can lead to increased costs and complexity in implementation, potentially stalling market growth. Additionally, regulatory challenges may arise as different jurisdictions implement varying standards and regulations for IoT devices, complicating market entry strategies for businesses looking to operate globally.

Another considerable threat facing the NB-IoT market is the competition from alternative connectivity technologies, such as LoRa, Sigfox, and other LPWAN solutions. These technologies may offer similar benefits with distinct advantages, such as lower costs or longer range. As businesses evaluate their connectivity options, they may opt for these alternatives over NB-IoT, which could limit market growth. Furthermore, the saturation of the IoT market in certain regions may also pose challenges, as companies strive to differentiate their offerings in a crowded landscape. To navigate these threats, industry players must stay ahead of technological advancements and adapt their strategies to align with evolving market demands.

Competitor Outlook

• Huawei Technologies Co., Ltd.
• Ericsson AB
• Nokia Corporation
• Qualcomm Technologies, Inc.
• AT&T, Inc.
• Vodafone Group Plc
• Semtech Corporation
• IBM Corporation
• Sigfox
• Telit Communications PLC
• ZTE Corporation
• Gemalto N.V.
• u-blox AG
• Analog Devices, Inc.
• Texas Instruments Incorporated

The competitive landscape of the NB-IoT market is characterized by the presence of established telecommunications giants and technology providers, all vying for market share in this rapidly evolving sector. Companies like Huawei and Ericsson are at the forefront, leveraging their extensive experience in telecommunications to drive the development of NB-IoT solutions. These organizations are investing heavily in research and development to enhance connectivity, improve efficiency, and offer comprehensive solutions that cater to diverse industry needs. As competition intensifies, collaborations and partnerships among industry players are on the rise, aimed at creating integrated solutions that combine the strengths of different technologies.

Moreover, companies are focusing on enhancing their product offerings to remain competitive in the NB-IoT market. For instance, Qualcomm Technologies is known for its advanced chipsets that support NB-IoT connectivity, enabling manufacturers to create innovative devices for various applications. Similarly, Nokia and Vodafone are actively working on expanding their network infrastructure to support NB-IoT deployments, capitalizing on the growing demand from industries such as smart metering and smart agriculture. As the market continues to grow, the landscape will likely see new entrants, as well as increased mergers and acquisitions, as companies strive to bolster their market positions and expand their portfolios.

In addition to traditional telecommunications firms, new players are emerging in the NB-IoT space, particularly in the realm of software and data analytics. These companies are focusing on providing solutions that optimize the performance of NB-IoT networks and devices, enabling businesses to extract actionable insights from their data. For example, IBM's cloud-based platform is being utilized to enhance NB-IoT data management capabilities, allowing organizations to leverage real-time data analytics for better decision-making. The integration of AI and machine learning with NB-IoT technologies is also gaining traction, offering additional opportunities for differentiation and innovation within the competitive landscape. As the market evolves, companies that can effectively leverage these technologies and address customer pain points will likely emerge as leaders in the NB-IoT market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Sigfox
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 u-blox AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 AT&T, Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Ericsson AB
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Gemalto N.V.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 IBM Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 ZTE Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Nokia Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Vodafone Group Plc
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Semtech Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Analog Devices, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Telit Communications PLC
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Qualcomm Technologies, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Huawei Technologies Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Texas Instruments Incorporated
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Narrowband IoT (NB-IoT) Market, By Vertical
    • 6.1.1 Manufacturing
    • 6.1.2 Healthcare
    • 6.1.3 Agriculture
    • 6.1.4 Automotive
    • 6.1.5 Utilities
  • 6.2 Narrowband IoT (NB-IoT) Market, By Application
    • 6.2.1 Smart Metering
    • 6.2.2 Smart Buildings
    • 6.2.3 Smart Agriculture
    • 6.2.4 Asset Tracking
    • 6.2.5 Healthcare
  • 6.3 Narrowband IoT (NB-IoT) Market, By Product Type
    • 6.3.1 Modules
    • 6.3.2 Chipsets
    • 6.3.3 Devices
    • 6.3.4 Infrastructure
  • 6.4 Narrowband IoT (NB-IoT) Market, By Deployment Mode
    • 6.4.1 In-Band
    • 6.4.2 Standalone

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Narrowband IoT (NB-IoT) Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Narrowband IoT (NB-IoT) market is categorized based on

By Product Type

• Modules
• Chipsets
• Devices
• Infrastructure

By Application

• Smart Metering
• Smart Buildings
• Smart Agriculture
• Asset Tracking
• Healthcare

By Deployment Mode

• In-Band
• Standalone

By Vertical

• Manufacturing
• Healthcare
• Agriculture
• Automotive
• Utilities

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Huawei Technologies Co., Ltd.
• Ericsson AB
• Nokia Corporation
• Qualcomm Technologies, Inc.
• AT&T, Inc.
• Vodafone Group Plc
• Semtech Corporation
• IBM Corporation
• Sigfox
• Telit Communications PLC
• ZTE Corporation
• Gemalto N.V.
• u-blox AG
• Analog Devices, Inc.
• Texas Instruments Incorporated