The global narrowband IoT market reached nearly USD 580 million in 2019. The narrowband IoT market is expected to grow at a CAGR of 35% over the forecast period 2020-2025. The growing preference for energy-efficient narrowband IoT modules is helping the narrowband IoT market grow as it helps ensure long battery life with minimal power for signal processing applications.
NB IoT (Narrowband-IoT) is an evolving wireless IoT networking system that can connect IoT devices over limited and wider areas of bandwidth that are difficult to reach manually.
Narrowband-IoT Market is available at: https://www.orionmarketreports.com/narrowband-iot-market/41625/
Narrowband-IoT Market Segmentations
By Application Software
• Security solutions
• Real Time Streaming Analytics
• Soil monitoring solutions
• Asset tracking solutions
• Logistics tracking solutions
• Smart Parking Management Solutions
• Others
By Technology Service
• Managed
• Professional
By Vertical
• Agriculture
• Logistics and Transportation
• Healthcare
• Manufacturing
• Energy and Utilities
• Retail
• Others
By Smart Applications
• Smart Governance
• Smart Metering
• Smart Buildings
• Smart Asset Tracking
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Narrowband-IoT Market Report
• What was the Narrowband-IoT Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Narrowband-IoT Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Narrowband-IoT Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
