The global Narrowband IoT (NB-IoT) market size was valued at USD 578 million in 2018 and is projected to grow at a CAGR of 34% from 2021 to 2027. Narrowband IoT (NB‑IoT) is a new wireless IoT communication technology. Limited bandwidth allows IoT devices to connect in larger areas and places that are difficult to access manually. The power-efficient NB-IoT module consumes minimal power for signal processing tasks, ensuring a long battery life of around 10 years.
A full report of Narrowband-IoT Market available at https://www.orionmarketreports.com/narrowband-iot-market/41625/
Narrowband-IoT Market: Segmentation
By Component
• Network
• Module
By Deployment
• In-band
• Guard-band
• Standalone
By Device Type
• Alarm & Detector
• Smart Parking
• Smart Meter
• Smart Lighting
• Tracker
• Wearables
• Others
By End-Use
• Automotive
• Agriculture
• Infrastructure
• Healthcare
• Energy & Utilities
• Manufacturing
• Consumer Electronics
• Others
Major Players
• Huawei Technologies Co., Ltd
• Ericsson Corporation
• Qualcomm Technologies
• AT&T Inc
• Verizon Wireless
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
