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Narrowband IoT (NB-IoT)-Global Market Insights and Sales Trends 2025
Synopsis
Growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals is expected to drive the overall market.
The global Narrowband IoT (NB-IoT) market size is expected to reach US$ 1225.9 million by 2029, growing at a CAGR of 27.8% from 2023 to 2029. The market is mainly driven by the significant applications of Narrowband IoT (NB-IoT) in various end use industries. The expanding demands from the Agricultural, Logistics, Health Care and Industrial Production, are propelling Narrowband IoT (NB-IoT) market. Professional Services, 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 Management Services 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 (NB-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 (NB-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 (NB-IoT) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Narrowband IoT (NB-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 (NB-IoT) covered in this report include Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica and SK Telecom, etc.
The global Narrowband IoT (NB-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:
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom
Global Narrowband IoT (NB-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 (NB-IoT) market, Segment by Type:
Professional Services
Management Services
Global Narrowband IoT (NB-IoT) market, by Application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other
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 (NB-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
Growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals is expected to drive the overall market.
The global Narrowband IoT (NB-IoT) market size is expected to reach US$ 1225.9 million by 2029, growing at a CAGR of 27.8% from 2023 to 2029. The market is mainly driven by the significant applications of Narrowband IoT (NB-IoT) in various end use industries. The expanding demands from the Agricultural, Logistics, Health Care and Industrial Production, are propelling Narrowband IoT (NB-IoT) market. Professional Services, 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 Management Services 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 (NB-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 (NB-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 (NB-IoT) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Narrowband IoT (NB-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 (NB-IoT) covered in this report include Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica and SK Telecom, etc.
The global Narrowband IoT (NB-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:
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom
Global Narrowband IoT (NB-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 (NB-IoT) market, Segment by Type:
Professional Services
Management Services
Global Narrowband IoT (NB-IoT) market, by Application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other
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 (NB-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 (NB-IoT)
1.1 Narrowband IoT (NB-IoT) Market Overview
1.1.1 Narrowband IoT (NB-IoT) Product Scope
1.1.2 Narrowband IoT (NB-IoT) Market Status and Outlook
1.2 Global Narrowband IoT (NB-IoT) Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Narrowband IoT (NB-IoT) Market Size by Region (2018-2029)
1.4 Global Narrowband IoT (NB-IoT) Historic Market Size by Region (2018-2023)
1.5 Global Narrowband IoT (NB-IoT) Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Narrowband IoT (NB-IoT) Market Size (2018-2029)
1.6.1 North America Narrowband IoT (NB-IoT) Market Size (2018-2029)
1.6.2 Europe Narrowband IoT (NB-IoT) Market Size (2018-2029)
1.6.3 Asia-Pacific Narrowband IoT (NB-IoT) Market Size (2018-2029)
1.6.4 Latin America Narrowband IoT (NB-IoT) Market Size (2018-2029)
1.6.5 Middle East & Africa Narrowband IoT (NB-IoT) Market Size (2018-2029)
2 Narrowband IoT (NB-IoT) Market by Type
2.1 Introduction
2.1.1 Professional Services
2.1.2 Management Services
2.2 Global Narrowband IoT (NB-IoT) Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Narrowband IoT (NB-IoT) Historic Market Size by Type (2018-2023)
2.2.2 Global Narrowband IoT (NB-IoT) Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Narrowband IoT (NB-IoT) Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Narrowband IoT (NB-IoT) Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Narrowband IoT (NB-IoT) Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Narrowband IoT (NB-IoT) Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Narrowband IoT (NB-IoT) Revenue Breakdown by Type (2018-2029)
3 Narrowband IoT (NB-IoT) Market Overview by Application
3.1 Introduction
3.1.1 Agricultural
3.1.2 Logistics
3.1.3 Health Care
3.1.4 Industrial Production
3.1.5 Energy, Utilities
3.1.6 Retail
3.1.7 Other
3.2 Global Narrowband IoT (NB-IoT) Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Narrowband IoT (NB-IoT) Historic Market Size by Application (2018-2023)
3.2.2 Global Narrowband IoT (NB-IoT) Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Narrowband IoT (NB-IoT) Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Narrowband IoT (NB-IoT) Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Narrowband IoT (NB-IoT) Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Narrowband IoT (NB-IoT) Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Narrowband IoT (NB-IoT) Revenue Breakdown by Application (2018-2029)
4 Narrowband IoT (NB-IoT) Competition Analysis by Players
4.1 Global Narrowband IoT (NB-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 (NB-IoT) as of 2022)
4.3 Date of Key Players Enter into Narrowband IoT (NB-IoT) Market
4.4 Global Top Players Narrowband IoT (NB-IoT) Headquarters and Area Served
4.5 Key Players Narrowband IoT (NB-IoT) Product Solution and Service
4.6 Competitive Status
4.6.1 Narrowband IoT (NB-IoT) Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Vodafone
5.1.1 Vodafone Profile
5.1.2 Vodafone Main Business
5.1.3 Vodafone Narrowband IoT (NB-IoT) Products, Services and Solutions
5.1.4 Vodafone Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.1.5 Vodafone Recent Developments
5.2 China Unicom
5.2.1 China Unicom Profile
5.2.2 China Unicom Main Business
5.2.3 China Unicom Narrowband IoT (NB-IoT) Products, Services and Solutions
5.2.4 China Unicom Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.2.5 China Unicom Recent Developments
5.3 China Telecom
5.3.1 China Telecom Profile
5.3.2 China Telecom Main Business
5.3.3 China Telecom Narrowband IoT (NB-IoT) Products, Services and Solutions
5.3.4 China Telecom Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.3.5 AT&T Recent Developments
5.4 AT&T
5.4.1 AT&T Profile
5.4.2 AT&T Main Business
5.4.3 AT&T Narrowband IoT (NB-IoT) Products, Services and Solutions
5.4.4 AT&T Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.4.5 AT&T Recent Developments
5.5 Etisalat
5.5.1 Etisalat Profile
5.5.2 Etisalat Main Business
5.5.3 Etisalat Narrowband IoT (NB-IoT) Products, Services and Solutions
5.5.4 Etisalat Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.5.5 Etisalat Recent Developments
5.6 Telstra
5.6.1 Telstra Profile
5.6.2 Telstra Main Business
5.6.3 Telstra Narrowband IoT (NB-IoT) Products, Services and Solutions
5.6.4 Telstra Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.6.5 Telstra Recent Developments
5.7 Orange
5.7.1 Orange Profile
5.7.2 Orange Main Business
5.7.3 Orange Narrowband IoT (NB-IoT) Products, Services and Solutions
5.7.4 Orange Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.7.5 Orange Recent Developments
5.8 Telefonica
5.8.1 Telefonica Profile
5.8.2 Telefonica Main Business
5.8.3 Telefonica Narrowband IoT (NB-IoT) Products, Services and Solutions
5.8.4 Telefonica Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.8.5 Telefonica Recent Developments
5.9 SK Telecom
5.9.1 SK Telecom Profile
5.9.2 SK Telecom Main Business
5.9.3 SK Telecom Narrowband IoT (NB-IoT) Products, Services and Solutions
5.9.4 SK Telecom Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.9.5 SK Telecom Recent Developments
5.10 Deutsche Telekom
5.10.1 Deutsche Telekom Profile
5.10.2 Deutsche Telekom Main Business
5.10.3 Deutsche Telekom Narrowband IoT (NB-IoT) Products, Services and Solutions
5.10.4 Deutsche Telekom Narrowband IoT (NB-IoT) Revenue (US$ Million) & (2018-2023)
5.10.5 Deutsche Telekom Recent Developments
6 North America
6.1 North America Narrowband IoT (NB-IoT) Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Narrowband IoT (NB-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 (NB-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 (NB-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 (NB-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 (NB-IoT) Market Dynamics
11.1 Narrowband IoT (NB-IoT) Industry Trends
11.2 Narrowband IoT (NB-IoT) Market Drivers
11.3 Narrowband IoT (NB-IoT) Market Challenges
11.4 Narrowband IoT (NB-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
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