The usage of tracking devices and Smart meter is increasing among various industry such automotive & shipping industry, building automation, healthcare among others. NB-IoT offers wide coverage and low data rate transmission and is expected to be widely adopted by these industries for tracking and security applications among others. The increasing sensor deployment and machine-to-machine connectivity in order to manage the devices from remote locations are some of the major driving factors which are helping the NB-IoT market to achieve new heights in upcoming years.
The prominent players in the market of Narrowband- IoT are- Huawei Technologies Co. Ltd. (China), Vodafone Group PLC (U.K.),Emirates Telecommunications Corporation (UAE) , Telecom Italia (Italy), Qualcomm Inc. (U.S.), China Unicom (China), Intel Corporation (U.S.), Ericsson (Sweden), Nokia Networks (Finland), and Verizon Communication (U.S.) among others.
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The Global Narrowband IoT market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.
In April 2016, Huawei and Vodafone announced the foundation of an Open IoT Lab for the product development and applications relating to NB-IoT technology. Many prominent vendors such as Huawei Technologies Co. Ltd., Emirates Telecommunications Corporation, Qualcomm Incorporated and Vodafone Group PLC among others are working towards making the IoT dream, a reality.
Narrowband IoT is a type of M2M communication technology that is specifically optimized for internet of things (IoT). The NB-IoT modules only transmit small amount of infrequent data over long period of time. The Market of NB-IoT is showing healthy growth due to the various advantages offered over conventional M2M channels such as low cost, low power consumption, long battery backup, reliable connection with wide area coverage and deep penetration. The growing demand of low power connectivity solution and increasing interest in IoT platform are driving the market of NB-IoT.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Narrowband-IoT Market Research Report -Forecast to 2022.
By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, Asia Pacific is projected to show high growth rate in the forecast period. Increasing demand for advanced technologies in the machine to machine communication and advancements in the system on a chip (SoC) integration in developing countries are driving the market in this region.
On the other hand, Europe is expected to show a decent growth considering the narrowband IoT (NB-IoT) chipset market. The proliferation of IoT devices and demand for advanced communication techniques drive the market in this region. However, North America is expected to hold major market share throughout the forecast period. Increasing adoption of narrowband IoT chipsets across major industry verticals is driving the market in this region.
Market Research Analysis:
Market Research Future Analysis shows that Narrowband-IoT Market is growing rapidly and during the forecast period, it is expected to grow at CAGR of ~50%. Upcoming trends in the sensor technology, M2M communication, growing IoT industry with respect to autorotation and deployment of technology is expected to lead the market on new heights.
Global Narrowband- IoT Market has been segmented on the Basis of Deployment, Device and Verticals. The deployment includes Guard Band, In Band and Stand Alone. Device type has been identified as Smart metering, tracker, Alarm &detectors, wearable, tracking among others. Vertical includes Agriculture, Automotive & logistics, Healthcare, IT, Manufacturing, and Energy & Utilities among others.
Original equipment manufacturers (OEMs)
Manufacturing Equipment suppliers
Cellular Service providers
Software & Content providers
IoT Service providers
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TABLE OF CONTENTS
- REPORT PROLOGUE
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVE
2.3 MARKET STRUCTURE
- RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
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