The US NB-IoT market is projected to grow at a significant CAGR of around 35.3% during the forecast period (2021-2027). The significant advancement in wireless networking technologies encourages the demand for NB-IoT in the country. For instance, in 2016, the US government had launched an “Advanced Wireless Research Initiative” led by the NSF (National Science Foundation), valuing $400 million. This initiative supported the deployment of four city-scale testing platforms for advanced wireless research over the next decade. FCC (Federal Communications Commission) is also pursuing a comprehensive strategy to facilitate the country’s expertise in 5G Technology through its 5G FAST Plan.
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In 2019, the FCC announced its plans for creating a government fund to enhance broadband services in rural areas coupled with auctioning three new millimeter wave spectrums together, later in 2019. At the end of June 2019, AT&T announced that it deployed 5G connectivity to its 20th city, Las Vegas. Additional cities with mobile 5G services from AT&T include Austin, Los Angeles, Nashville, Orlando, San Diego, San Francisco, and San Jose, Calif. Increasing deployment of 5G connectivity will further encourage the adoption of smart connected devices that propels the demand of NB-IoT technology and propels the market growth in the US.
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US NB-IoT Market – Segmentation
By Deployment Type
· Guard Band
· In-Band
· Standalone
By Industry
· Logistics and Transportation
· Energy & Utilities
· Agriculture
· Industrial Manufacturing
· Healthcare
· Other (Retail)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
