The UK NB-IoT market is projected to grow at a significant CAGR of around 33.2% during the forecast period (2021-2027). One of the major factors that further projected to provide a significant opportunity to the UK NB-IoT market includes the various government initiatives related to IoT adoption in the country. The UK has been getting more serious about promoting IoT in recent years. In 2014, the government announced more than $60 million in funding for research in the area of IoT, and in September 2015 launched a program, IoT UK, for coordinating the efforts of the various organizations. The project brings together elements of the Future Cities Catapult and the Digital Catapult for simulating the up-and-coming industries of the nation. This program was meant to be worked with the technology and business communities, and with the public sector and academia. It aims at increasing the adoption of IoT technology and services.
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In July 2019, Qualcomm initiated a new testing center in Farnborough for its 5G New Radio (NR) European facilities for its end-to-end, over-the-air designs for 5G NR millimeter wave. By the use of a new facility, the OEMs and telecommunication operators can test, refine and modify their network configurations mmWave technology. Sony will be the first company to use the new facility for testing purposes. In August 2019 in Totnes, a small town in England, halted the plan to roll out 5G wireless technology due to fear of health issue. 1,600 out of 8,000 residents in the town signed a petition for more research related to the safety of the technology. Therefore, the significant adoption of advanced network technology in the country further provides ample opportunity to the market.
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UK 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.)
