Loading Now

Narrowband-IoT Market Size to Grow at a CAGR of 35% in the Forecast Period of 2024-2032

Narrowband-IoT Market

Narrowband-IoT Market Size to Grow at a CAGR of 35% in the Forecast Period of 2024-2032

The ‘Global Narrowband-IoT Market Size, Share, Growth, Report and Forecast 2024-2032’ by Expert Market Research gives an extensive outlook of the global narrowband-IoT market  assessing the market on the basis of its segments like type, deployment mode, device type, end use, and major region.

The key highlights of the report include:

Market Overview (2018-2032)
Forecast CAGR (2024-2032): 35%

Narrowband-IoT (NB-IoT) modules that are more energy-efficient are becoming increasingly popular since they help to provide a long battery life with little power requirements for signal processing applications, which is assisting the expansion of the narrowband-IoT market. Additionally, NB-IoT addresses data security issues related to smart cities better than other proprietary technologies since it uses SIM cards with LTE-like security and NB-IoT radio modules. The ongoing attention of global ecosystem providers towards improving security features and algorithms are helping to drive the adoption rate of narrowband-IoT.

Get a Free Sample Report with Table of Contents@  https://www.expertmarketresearch.com/reports/narrowband-iot-market/requestsample

Existing players in the automotive industry are responding to concerns about passenger safety by implementing cutting-edge technologies that will undoubtedly provide safer, more practical, and more affordable transportation. As a result, narrowband-IoT applications within the automotive industry are expanding quickly as a result of NB-IoT’s ability to precisely track vehicles, identify and avoid major road congestion, and subsequently contribute to effective traffic management. The anticipated commercialisation of future connected and autonomous vehicles is expected to significantly contribute to the narrowband-IoT market growth throughout the course of the projected period.

Narrowband-IoT Industry Definition and Major Segments

Narrowband-IoT, also known as NB-IoT, refers to wireless IoT networking technology that can connect IoT devices over a larger geographic region and in places with constrained bandwidth that are otherwise challenging to access. User device power usage, system capabilities, and spectrum potency are all considerably improved by narrowband IoT.

Read Full Report with Table of Contents@  https://www.expertmarketresearch.com/reports/narrowband-iot-market

Based on type, the market is segmented into:

  • Hardware
  • Software
  • Service

On the basis of deployment mode, the market is categorised into:

  • Stand-Alone
  • Guard Band
  • In-Band

The market on the basis of device type is divided into:

  • Smart Parking
  • Smart Meters
  • Trackers
  • Alarms and Detectors
  • Smart Streetlights
  • Smart Appliances
  • Wearable Devices
  • Others

By end use, the market is categorised into:

  • Agriculture
  • Automotive and Transportation
  • Energy and Utilities
  • Manufacturing
  • Safety and Security
  • Infrastructure
  • Healthcare
  • Others

On the basis of region, the market is divided into:

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

Narrowband-IoT Market Trends

The rapid adoption of narrowband-IoT technology by businesses, telecom service providers, and broadband providers, along with the growing application of NB-IoT technology in emerging projects and infrastructure for building shopping malls, commercial buildings, and educational institutions, among others, are the key trends driving the narrowband-IoT market. Growing innovations and advances in NB-IoT technology for leak detection are further boosting market revenue growth.

Technologies such as big data analytics, machine learning, and AI are making it possible for companies to evaluate the enormous volumes of data collected by tracking and monitoring activities utilising IoT networks. As a result, increasing IoT and connected device adoption as well as the use of big data analytics, AI, and ML, in industrial and commercial applications are also anticipated to support the narrowband-IoT market expansion.

NB-IoT technology is widely suited for automation in smart buildings including malls, offices, hospitals, and commercial structures. The advanced networking capabilities of NB-IoT aid in automatically regulating doors, lifts, blinds, heating, ventilation, and lighting depending on the number of people present. As a result, energy management is significantly more transparent and efficient, which makes people feel more secure and comfortable, and increases the demand for NB-IoT.

Key Market Players

The major players in the global narrowband-IoT market report are

  • Huawei Technologies Co., Ltd.
  • Qualcomm Technologies, Inc.
  • Nordic Semiconductor ASA
  • Samsung Electronics Co., Ltd.
  • Riot Micro
  • Intel Corporation
  • MediaTek Inc.
  • ZTE Corporation
  • Shenzhen Goodix Technology Co., Ltd.
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Read More Reports

Automated Suturing Devices Market: https://www.expertmarketresearch.com/reports/automated-suturing-devices-market

Europe, Middle East And Africa Air Filters Market: https://www.expertmarketresearch.com/reports/europe-middle-east-and-africa-air-filters-market

United States Pressure Gauge Market: https://www.expertmarketresearch.com/reports/united-states-pressure-gauge-market

India Data Centre Market: https://www.expertmarketresearch.com/reports/india-data-centre-market

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Post Comment