The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Narrowband IoT-Global Market Insights and Sales Trends 2025
Synopsis
Narrowband IoT (NB-IoT) is a Low Power Wide Area Network (LPWAN) radio technology standard developed by 3GPP to enable a wide range of cellular devices and Services.
The global Narrowband IoT market size is expected to reach US$ 1326.1 million by 2029, growing at a CAGR of 26.7% from 2023 to 2029. The market is mainly driven by the significant applications of Narrowband IoT in various end use industries. The expanding demands from the Smart Governance, Smart Metering, Smart Buildings and Smart Asset Tracking, are propelling Narrowband IoT market. Short-range Communication, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low Power Wide Area Network segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Narrowband IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Narrowband IoT market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Narrowband IoT market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Narrowband IoT sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Narrowband IoT covered in this report include Huawei Technologies, Vodafone, Emirates Telecommunications, Telecom Italia, Qualcomm, China Unicom, Intel, Ericsson and Nokia Networks, etc.
The global Narrowband IoT market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Huawei Technologies
Vodafone
Emirates Telecommunications
Telecom Italia
Qualcomm
China Unicom
Intel
Ericsson
Nokia Networks
Verizon Communication
Global Narrowband IoT market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Narrowband IoT market, Segment by Type:
by Transmission Distance
Short-range Communication
Low Power Wide Area Network
by Deployment Method
Stand Alone
Guard Band
In Band
Global Narrowband IoT market, by Application
Smart Governance
Smart Metering
Smart Buildings
Smart Asset Tracking
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Narrowband IoT companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Narrowband IoT (NB-IoT) is a Low Power Wide Area Network (LPWAN) radio technology standard developed by 3GPP to enable a wide range of cellular devices and Services.
The global Narrowband IoT market size is expected to reach US$ 1326.1 million by 2029, growing at a CAGR of 26.7% from 2023 to 2029. The market is mainly driven by the significant applications of Narrowband IoT in various end use industries. The expanding demands from the Smart Governance, Smart Metering, Smart Buildings and Smart Asset Tracking, are propelling Narrowband IoT market. Short-range Communication, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Low Power Wide Area Network segment is estimated at % CAGR for the next seven-year period.
The number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Narrowband IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Narrowband IoT market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Narrowband IoT market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Narrowband IoT sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Narrowband IoT covered in this report include Huawei Technologies, Vodafone, Emirates Telecommunications, Telecom Italia, Qualcomm, China Unicom, Intel, Ericsson and Nokia Networks, etc.
The global Narrowband IoT market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Huawei Technologies
Vodafone
Emirates Telecommunications
Telecom Italia
Qualcomm
China Unicom
Intel
Ericsson
Nokia Networks
Verizon Communication
Global Narrowband IoT market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Narrowband IoT market, Segment by Type:
by Transmission Distance
Short-range Communication
Low Power Wide Area Network
by Deployment Method
Stand Alone
Guard Band
In Band
Global Narrowband IoT market, by Application
Smart Governance
Smart Metering
Smart Buildings
Smart Asset Tracking
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Narrowband IoT companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Narrowband IoT
1.1 Narrowband IoT Market Overview
1.1.1 Narrowband IoT Product Scope
1.1.2 Narrowband IoT Market Status and Outlook
1.2 Global Narrowband IoT Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Narrowband IoT Market Size by Region (2018-2029)
1.4 Global Narrowband IoT Historic Market Size by Region (2018-2023)
1.5 Global Narrowband IoT Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Narrowband IoT Market Size (2018-2029)
1.6.1 North America Narrowband IoT Market Size (2018-2029)
1.6.2 Europe Narrowband IoT Market Size (2018-2029)
1.6.3 Asia-Pacific Narrowband IoT Market Size (2018-2029)
1.6.4 Latin America Narrowband IoT Market Size (2018-2029)
1.6.5 Middle East & Africa Narrowband IoT Market Size (2018-2029)
2 Narrowband IoT Market by Type
2.1 Introduction
2.1.1 Short-range Communication
2.1.2 Low Power Wide Area Network
2.2 Global Narrowband IoT Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Narrowband IoT Historic Market Size by Type (2018-2023)
2.2.2 Global Narrowband IoT Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Narrowband IoT Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Narrowband IoT Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Narrowband IoT Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Narrowband IoT Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Narrowband IoT Revenue Breakdown by Type (2018-2029)
3 Narrowband IoT Market Overview by Application
3.1 Introduction
3.1.1 Smart Governance
3.1.2 Smart Metering
3.1.3 Smart Buildings
3.1.4 Smart Asset Tracking
3.1.5 Others
3.2 Global Narrowband IoT Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Narrowband IoT Historic Market Size by Application (2018-2023)
3.2.2 Global Narrowband IoT Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Narrowband IoT Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Narrowband IoT Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Narrowband IoT Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Narrowband IoT Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Narrowband IoT Revenue Breakdown by Application (2018-2029)
4 Narrowband IoT Competition Analysis by Players
4.1 Global Narrowband IoT Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Narrowband IoT as of 2022)
4.3 Date of Key Players Enter into Narrowband IoT Market
4.4 Global Top Players Narrowband IoT Headquarters and Area Served
4.5 Key Players Narrowband IoT Product Solution and Service
4.6 Competitive Status
4.6.1 Narrowband IoT Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Huawei Technologies
5.1.1 Huawei Technologies Profile
5.1.2 Huawei Technologies Main Business
5.1.3 Huawei Technologies Narrowband IoT Products, Services and Solutions
5.1.4 Huawei Technologies Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.1.5 Huawei Technologies Recent Developments
5.2 Vodafone
5.2.1 Vodafone Profile
5.2.2 Vodafone Main Business
5.2.3 Vodafone Narrowband IoT Products, Services and Solutions
5.2.4 Vodafone Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.2.5 Vodafone Recent Developments
5.3 Emirates Telecommunications
5.3.1 Emirates Telecommunications Profile
5.3.2 Emirates Telecommunications Main Business
5.3.3 Emirates Telecommunications Narrowband IoT Products, Services and Solutions
5.3.4 Emirates Telecommunications Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.3.5 Telecom Italia Recent Developments
5.4 Telecom Italia
5.4.1 Telecom Italia Profile
5.4.2 Telecom Italia Main Business
5.4.3 Telecom Italia Narrowband IoT Products, Services and Solutions
5.4.4 Telecom Italia Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.4.5 Telecom Italia Recent Developments
5.5 Qualcomm
5.5.1 Qualcomm Profile
5.5.2 Qualcomm Main Business
5.5.3 Qualcomm Narrowband IoT Products, Services and Solutions
5.5.4 Qualcomm Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.5.5 Qualcomm Recent Developments
5.6 China Unicom
5.6.1 China Unicom Profile
5.6.2 China Unicom Main Business
5.6.3 China Unicom Narrowband IoT Products, Services and Solutions
5.6.4 China Unicom Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.6.5 China Unicom Recent Developments
5.7 Intel
5.7.1 Intel Profile
5.7.2 Intel Main Business
5.7.3 Intel Narrowband IoT Products, Services and Solutions
5.7.4 Intel Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.7.5 Intel Recent Developments
5.8 Ericsson
5.8.1 Ericsson Profile
5.8.2 Ericsson Main Business
5.8.3 Ericsson Narrowband IoT Products, Services and Solutions
5.8.4 Ericsson Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.8.5 Ericsson Recent Developments
5.9 Nokia Networks
5.9.1 Nokia Networks Profile
5.9.2 Nokia Networks Main Business
5.9.3 Nokia Networks Narrowband IoT Products, Services and Solutions
5.9.4 Nokia Networks Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.9.5 Nokia Networks Recent Developments
5.10 Verizon Communication
5.10.1 Verizon Communication Profile
5.10.2 Verizon Communication Main Business
5.10.3 Verizon Communication Narrowband IoT Products, Services and Solutions
5.10.4 Verizon Communication Narrowband IoT Revenue (US$ Million) & (2018-2023)
5.10.5 Verizon Communication Recent Developments
6 North America
6.1 North America Narrowband IoT Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Narrowband IoT Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Narrowband IoT Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Narrowband IoT Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Narrowband IoT Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Narrowband IoT Market Dynamics
11.1 Narrowband IoT Industry Trends
11.2 Narrowband IoT Market Drivers
11.3 Narrowband IoT Market Challenges
11.4 Narrowband IoT Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
