Summary

The NB-IoT Market is expected to grow at a steady rate of around 40% during the forecast period (2022-2030) owing to the rising adoption of IoT and connected devices as well as AI, ML, and big data analytics across industrial and commercial applications. NB-IoT is a low-power wide-area network (LPWAN) technology designed for IoT devices. It operates on existing 4G cellular networks, using a narrow band of radio frequency to transmit small amounts of data over long distances. NB-IoT is designed to support a large number of low-bandwidth IoT devices that require infrequent data transmissions and have low power requirements. This makes it ideal for applications such as smart metering, environmental monitoring, and asset tracking. Further on, the rapidly growing number of IoT devices globally is one of the most prominent factors driving the growth of the market. For instance, according to Ericsson, The number of devices connected by Massive-IoT technologies grew strongly in 2021 and reached almost 500 million by the end of 2022.

Some of the major players operating in the market include Huawei Technologies Co., Ltd.; Telefonaktiebolaget LM Ericsson; Qualcomm Technologies, Inc.; AT&T; Verizon; T‑Mobile USA, Inc.; Vodafone Group Plc; Nokia; MediaTek Inc.; and Intel Corporation. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst component, the network segment held a dominating share of the market in 2021”
Based on component, the market is bifurcated into network and module. The network segment held a dominating share of the market in 2021 owing to the high adoption of NB-IoT networks due to their cost-effectiveness, lower deployment costs, and lower operating costs. They offer better coverage and a longer range than traditional cellular networks and are designed to operate in challenging environments where other wireless technologies may not be practical.

“Amongst deployment, the guard-band segment held the significant share of the market in 2021”
On the basis of deployment, the market is categorized into standalone, in-band, and guard-band. Among these, the guard-band catered to a significant share of the market in 2021 and is expected to grow at a robust CAGR during the forecast period. One of the most important factors driving the expansion of this market is the capacity to utilize the cellular infrastructure that is already in place, such as antennas and Radio Frequency (RF) modules, without having to incur additional costs for spectrum.

“North America dominated the NB-IoT market in 2021”
North America dominated the global NB-IoT market in 2021. Several prominent device manufacturers and network service providers in North America concentrate on the testing and commercialization of consumer and industrial application solutions. Qualcomm Inc., AT&T, Cellco Partnership (Verizon Wireless), T-Mobile US, Inc., Intel Corporation, and Verizon Wireless are a few of these network operators and device manufacturers. The North American regional market is also being driven by other major factors such as rising disposable income, a growing population of tech-savvy individuals, and the continued adoption of new technologies for personal and business purposes.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global NB-IoT market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

ページTOPに戻る

Table of Contents