The global market for NB-IoT is estimated to have considerable CAGR of during the forecast period. The major factor that propels the market growth is the significant adoption of IoT technology in various sector such as logistics & transportation, manufacturing, energy & utilities, healthcare and other sectors. For instance, the IoT technology in healthcare sector is widely adopted and allows augmented asset monitoring and tracking. Industrial-scale analytics and interconnected machines, data and people offer optimized asset monitoring and operations. Several enterprise grade technologies including distributed computing and big data analytics, asset management beside M2M communication possess capabilities to provide drastically efficient and cost-effective results by IoT applications.
To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/narrow-band-iot-market
Moreover, there is a significant integration of IoT technology in energy & utilities sector that enabled the concept of smart devices in every from the grid to the city. At present, smart metering and smart grid are widely used solutions. However, energy management is isolated from smart metering. Smart grids are one of the most widely used energy solutions which can co-ordinate the requirements and capabilities of multiple entities. These entities include grid operators, generators, electricity market stakeholders and end-users and allow efficient operation of all parts of the system. It minimizes the costs and environmental impacts while maximizes the reliability, resilience and stability of the system.
There is significant adoption of IoT in government sector that further augment the NB-IoT market. IoT in government and safety applications allow improved law enforcement, defense, city planning, and economic management. The technology possesses the capabilities to fill the current gaps as well as corrects many current flaws along with expanding the reach of these efforts. For instance, IoT can help city planners to have a clearer view of the impact of their design as well as governments can have a better idea of the local economy. IoT promotes the development of smart nations and smart cities by focusing on enhancement of infrastructure in numerous sectors such as healthcare, transportation, energy, and so forth.
IoT solutions have been adopted by the retailers across a number of applications. This adoption of IoT by the retailers improves store operations, increases purchases through cross selling, enables precise inventory management,reduces theft, and most importantly enhances the shopping experience of the consumers. The IoT solutions enable offline retailers to have a strong competition against the online challengers, for regaining the lost market share. In addition, it continually attracts the consumers into the store, making it easier for the customers to buy more while saving money. The IoT presents an opportunity for the retailers for developing a much-improved ecosystem to connect physical and digital world.
Global 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)
A full report of Narrow Band (NB)-IoT Market available @ https://www.omrglobal.com/industry-reports/narrow-band-iot-market
Narrow Band (NB)-IoT Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- AT&T, Inc.
- China Mobile Ltd.
- Deutsche Telekom AG
- Etisalat
- Huawei Technologies Co., Ltd.
- Intel Corp.
- MediaTek Inc.
- Nokia Corp.
- Orange SA
- Qualcomm Technologies, Inc.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
Visit more report at
https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/
