Japan NB-IoT market is projected to grow at a significant CAGR of around 34.6 during the forecast period (2021-2027). the technological advancement in the networking technologies such as 5G technology further provides significant growth to the NB-IoT market in Japan. The advent of the 5G technology is likely to reshape current wireless communication methods used for NB-IoT-based applications. Due to the generation of a huge amount of real-time data, IoT requires effective and affordable wireless connectivity, interoperability, and common standards. The 5G technology has the potential to make a ground-breaking impact on the way in which future IoT ecosystems of the country are to be designed. Scalability, latency, reliability, security, and the level of individual control on connectivity parameters are the major areas that make use of 5G technology for better performance of NB-IoT. Therefore, investment in the 5G technology is expected to offer huge growth potential for the Japan NB-IoT industry.
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The advanced wireless technologies have evolved with a new radio access technology in conjunction with multi-layered networks that possess capabilities to handle high throughputs as well as increased data volumes at exceptionally low latency. Latency is as low as 1ms and throughputs up to 10 Gbps are expected with this technology. The NB-IoT technology will not only support user applications demanding high throughputs and high bandwidth however it will also be utilized in the increasingly popular trends of connected smart devices. The rising adoption of wearable technology, voice command, and eye movement sensors, motion-based sensors have led to the use of this technology due to its low latency and high reliability which can fulfil the requirements of these sensor-connected wireless devices.
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Japan 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.)
