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December 18, 2020

Narrowband IoT Market 2019 | Growth Drivers Challenges, Trends and Industry Dynamics, Forecast 2025

The Global Narrowband IoT Market is projected to reach a value of over USD 4.1 Billion by 2027 at a CAGR of around 38.1%.

Narrowband-Internet of Things (NB-IoT) is referred to low power wide area (LPWA) technology which enables a wide range of new IoT devices and services. It is used to enhance the system capacity, spectrum efficiency and power consumption for the user. Moreover, this technology securely and reliably handles a small amount of infrequent two-way data. Also, it allows to connect a large number of devices with advanced power consumption.

Narrowband Iot Market: Drivers & Restraint

Market Drivers:

  • Increasing Adoption of IoT Devices

The increasing adoption of the Internet of Things (IoT) to enhance communication and battery life will be anticipated to boost the market growth. These devices work on low frequencies and consume less power which will help to improve business efficiency and productivity. Moreover, it increases the use of connected devices and increasing demand for low power, long-range connectivity, and low-cost product which will lead to an increase in the use of Narrowband IoT devices in the forecast period.

Hence, the IoT devices help to consume less power which would lead to enhance the demand for market growth in the forecast period.

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  • Ongoing Initiatives by Global Players

Many global players in the field of telecommunication such as Huawei, Qualcomm, Ericsson, and Vodafone are enhancing the development of NB-IoT. In 2014, Huawei acquired Neul which works on the NB-IoT field. In 2016, Vodafone and Huawei has been completed the first over-the-air connection on a live network with the use of standardized NB-IoT. Also in 2016, Vodafone announced its first world live commercial NB-IoT network which will be in Germany, Ireland, the Netherlands and Spain.

Hence, NB-IoT is projected to available in the core developed countries and cities which is expected to boost the growth of the market in the forecast period.

Market Restraint:

  • Privacy and Security Issues

Security is one of the major challenging factors for IoT communication. The device is designed to enable connectivity of the huge number of connected user equipment (UE) which may also increase the security threat for the market. Moreover, privacy and security concerns are increasing especially when it comes to IoT in corporate, government, and critical infrastructure contexts.

Hence, security is a major concern among enterprises adopting IoT which may lead to hamper the growth of the market in the forecast period.

Narrowband Iot Market: Key Segments

  • Based on Services: Professional Services and Managed Services
  • Based on Component: Network and Module
  • Based on Deployment Mode: In-band Deployment, Guard band Deployment, and Standalone Deployment
  • Based on Application: Smart Metering (Electricity, Gas, and Water), Tracking (Asset Tracking, Logistic Tracking), Smart Energy, Smart Parking, Smart Waste Management, Smart Cities (Street Lamps or Dustbins), Smart Buildings, Agricultural and Environmental and Others
  • Based on End-User: Automotive, Agriculture, Healthcare, Infrastructure, Manufacturing, Consumer Electronics, Energy & Utilities, and Others
  • Based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis

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Narrowband Iot Market: Report Scope

The report on the narrowband IoT market covers a deep dive analysis of historic, recent and current market trends. furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Key Companies Covered

  • Huawei Technologies Co., Ltd. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Qualcomm Technologies, Inc.
  • Vodafone Idea Limited
  • SAMSUNG
  • Nordic Semiconductor
  • Intel Corporation
  • MediaTek Inc.
  • Altair Semiconductor (Sony Corporation)
  • Sierra Wireless
  • Thales Group
  • Other Key Companies
    • Telit
    • Quectel Wireless Solutions Co., Ltd.
    • SEQUANS

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Narrowband Iot Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Narrowband IoT Market, by Services

  • Professional Services
  • Managed Services

Narrowband IoT Market, by Component

  • Network
  • Module

Narrowband IoT Market, by Deployment Mode

  • In-band Deployment
  • Guard band Deployment
  • Standalone Deployment

Narrowband IoT Market, by Application

  • Smart Metering (Electricity, Gas, and Water)
  • Tracking (Asset Tracking, Logistic Tracking)
  • Smart Energy
  • Smart Parking
  • Smart Waste Management
  • Smart Cities (Street Lamps or Dustbins)
  • Smart Buildings
  • Agricultural and Environmental
  • Others

Narrowband IoT Market, by End-User

  • Automotive
  • Agriculture
  • Healthcare
  • Infrastructure
  • Manufacturing
  • Consumer Electronic
  • Energy & Utilities
  • Others

Narrowband IoT Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the important developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and on the market competitor in the future?
  • What are the evolving variations of the market worldwide?
  • What are the evolving functions of the market worldwide?
  • What is the important condition that will affect market growth worldwide during the study period?
  • Who are the major players operating in the market across the globe?
  • How are the major players leveraging in the present market scenario worldwide?

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Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Increasing Adoption of IoT Devices
      2. Ongoing Initiatives by Global Players
    3. Restraints
      1. Privacy and Security Issues
    4. Opportunities
      1. Growing Demand for Parking Guidance System
      2. Increasing Cellular Devices and Services
    5. Challenges
      1. Front-End Complexity
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL NARROWBAND IOT MARKET BY SERVICES, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Professional Services
    3. Managed Services
  7. GLOBAL NARROWBAND IOT MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Network
    3. Module
  8. GLOBAL NARROWBAND IOT MARKET BY DEPLOYMENT MODE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. In-band Deployment
    3. Guard band Deployment
    4. Standalone Deployment
  9. GLOBAL NARROWBAND IOT MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Smart Metering (Electricity, Gas, and Water)
    3. Tracking (Asset Tracking, Logistic Tracking)
    4. Smart Energy
    5. Smart Parking
    6. Smart Waste Management
    7. Smart Cities (Street Lamps or Dustbins)
    8. Smart Buildings
    9. Agricultural and Environmental
    10. Others
  10. GLOBAL NARROWBAND IOT MARKET BY END-USER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Automotive
    3. Agriculture
    4. Healthcare
    5. Infrastructure
    6. Manufacturing
    7. Consumer Electronic
    8. Energy & Utilities
    9. Others
  11. GLOBAL NARROWBAND IOT MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  12. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  13. COMPANY PROFILES
    1. Huawei Technologies Co., Ltd.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Qualcomm Technologies, Inc.
    3. Vodafone Idea Limited
    4. SAMSUNG
    5. Nordic Semiconductor
    6. Intel Corporation
    7. MediaTek Inc.
    8. Altair Semiconductor (Sony Corporation)
    9. Sierra Wireless
    10. Thales Group
    11. Other Key Companies
      1. Telit
      2. Quectel Wireless Solutions Co., Ltd.
      3. SEQUANS
  14. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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