Narrowband IoT Market

The global Narrowband IoT (NB-IoT) market was valued at US$ 219.3 million in 2023 and is projected to reach US$ 1143.3 million by 2029, at a CAGR of 26.6% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Narrowband IoT (NB-IoT) market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Narrowband IoT (NB-IoT) market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Narrowband IoT (NB-IoT) market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

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

Narrowband IoT Market aims to provide a comprehensive presentation of the global market for Narrowband IoT (NB-IoT), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Narrowband IoT (NB-IoT). Narrowband IoT Market contains market size and forecasts of Narrowband IoT (NB-IoT) in global, including the following market information:

• Global Narrowband IoT (NB-IoT) Market Revenue, 2019-2024, 2024-2029, ($ millions)
• Global top five companies in 2023 (%)

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.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Narrowband IoT (NB-IoT) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Narrowband IoT (NB-IoT) Market, by Type, 2019-2024, 2024-2029 ($ millions)

Global Narrowband IoT (NB-IoT) Market Segment Percentages, by Type, 2023 (%)

• Professional Services
• Management Services

Global Narrowband IoT (NB-IoT) Market, by Application, 2019-2024, 2024-2029 ($ millions)

Global Narrowband IoT (NB-IoT) Market Segment Percentages, by Application, 2023 (%)

• Agricultural
• Logistics
• Health Care
• Industrial Production
• Energy, Utilities
• Retail
• Other

Global Narrowband IoT (NB-IoT) Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)

Global Narrowband IoT (NB-IoT) Market Segment Percentages, By Region and Country, 2023 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies Narrowband IoT (NB-IoT) revenues in global market, 2019-2024 (estimated), ($ millions)
• Key companies Narrowband IoT (NB-IoT) revenues share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

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

Outline of Major Chapters:

Chapter 1: Introduces the definition of Narrowband IoT (NB-IoT), market overview.

Chapter 2: Global Narrowband IoT (NB-IoT) market size in revenue.

Chapter 3: Detailed analysis of Narrowband IoT (NB-IoT) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Narrowband IoT (NB-IoT) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.