Narrowband-IoT Market
by Device Type (Tracker, Smart Metering, Wearable), Deployment (Stand Alone,
Guard Band, In Band and), by Vertical (IT, Manufacturing Agriculture,
Healthcare, Automotive & Transportation) -Forecast 2022
Market Synopsis of
Narrowband - IoT Market:
Market Scenario:
The Narrowband IoT
(NB-IoT), also known as LTE Cat NB1 is a low power wide area network technology
(LPWA) standard that connects a wide range of devices and services on
established cellular network. NB-IoT is well suited for applications that deals
with small amount of infrequent data transfer over long period of time. NB-IoT
operates in licensed spectrum that offers secure and reliable connectivity
while assuring quality of service.
The NB-IoT market is
expected to show significant growth due to rapid development in IoT industry
and rising demand of new cellular communication technology which are dedicated
to IoT LPWA applications. The increasing demand for navigation, telematics and
in-car infotainment services in automotive & Transportation industry is
also supporting the market of The NB-IoT. The added advantage of NB-IoT such as
low power consumption, excellent penetration coverage and low component cost is
also supporting growth in narrowband IoT market.
Hence the market for Narrowband- IoT
is expected to grow at ~50 % CAGR (2016-2022).
However,
deployment, front-end complexity and licensing costs of NB-IoT are hindering
the growth of narrowband- IoT Market. Low-speed data transmission with privacy
& security is also restraining the growth in narrowband- IoT market.
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Study Objectives of
Narrowband - IoT Market:
- To
provide detailed analysis of the market structure along with forecast of
the various segments and sub-segments of the Global Narrowband- IoT Market
- To
analyze the Narrowband- IoT market based on various factors- supply chain
analysis, porters five force analysis etc.
- To
provide historical and forecast revenue of the market segments and
sub-segments with respect to four main geographies and their countries-
North America, Europe, Asia, and Rest of the World (ROW)
- To
provide country level analysis of the Market with respect to the current
market size and future prospective
- To
provide country level analysis of the Market for segment by deployment,
Device, Verticals and sub-segments.
- To
provide strategic profiling of key players in the Market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for
the market
- To
Track and Analyze competitive developments such as Joint Ventures,
Strategic Alliances, Mergers and acquisitions, new product developments,
and research and developments in the Global Narrowband- IoT Market.
Key Players:
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.
Segments:
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.
Regional Analysis:
North America is
dominating the market of Narrowband- IoT Market due to the increasing adoption
of IoT and cloud based services in this region. The growing demand of efficient
and low-cost connectivity technology in this region is also supporting the
market of Narrowband- IoT market. Europe is also expected to register healthy
growth in the Narrowband- IoT Market due to increasing application of NB-IoT in
automotive & transportation sector in the region. Asia-pacific is growing
due to the various government initiatives for smart cities in India and china.
Intended Audience:
- Original
equipment manufacturers (OEMs)
- Manufacturing
Equipment suppliers
- Cellular
Service providers
- Software
& Content providers
- IoT
Service providers
- Consumer
Electronics
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