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Global narrowband IoT market to surge at a CAGR of 92.2% by 2024

IT Market Research

The global narrowband IoT market accounted for USD 282.1 million in 2016 growing at a CAGR of 92.2% during the forecast period of 2017 to 2024.

The global narrowband IoT market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Company Share Analysis

The report for narrowband IoT market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others.

The report also measures technology life line curve and market time line to analyze and do more affective investments.

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 Top Competitors Of Market:

  • AT&T,
  • China Mobile Limited.,
  • Orange,
  • SK TELECOM CO., LTD.,
  • Vodafone Group,
  • China Unicom (Hong Kong) Limited,
  • Deutsche Telekom AG,
  • Etisalat, Telefónica S.A.,
  • Telstra, Ericsson AB ,
  • Nokia, Quectel Wireless Solutions Co., Ltd.,
  • Sierra Wireless,
  • Qualcomm Technologies, Inc.,
  • u‑blox,
  • ZTE Corporation,
  • SEQUANS

 Market Segmentation:

The global narrowband IoT market is segmented on the basis of application software into security solutions, real time streaming analytics, soil monitoring solutions, asset tracking solutions, logistics tracking solutions, smart parking management solutions, and others.

On the basis of technology services, the global narrowband IoT market is segmented into professional services, and managed services.

On the basis of smart applications, the global narrowband IoT market is segmented into smart governance, smart metering, smart buildings, smart asset tracking, ad others.

On the basis of vertical, the global narrowband IoT market is segmented into agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, retail, and others.

On the basis of geography, the global narrowband IoT market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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Market Drivers And Restraints:

  • Growing demand for LPWAN use cases across verticals
  • High deployment flexibility with GSM, WCDMA, Or LTE
  • Extended coverage and long battery life
  • Low deployment cost
  • Transformation downtime during up gradation of existing base stations
  • Competition from rival LPWAN technologies

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