Global Narrowband IoT Market accounted for USD 282.1 million in 2016 growing at a CAGR of 92.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Narrowband IoT connects devices more simply and efficiently on already established mobile networks. Its demand is increasing due to several reasons for instance very low power consumption, lower component cost, network security & reliability, and others. Other advantage of narrowband IoT is battery life is of more than 10 years. It has its wide application in agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, retail, and others.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The global narrowband IoT market is segmented on the basis of application software into security solutions, real time streaming analytics, soil monitoring solutions, asset tracking solutions, logistics tracking solutions, smart parking management solutions, and others.
- On the basis of technology services, the global narrowband IoT market is segmented into professional services, and managed services.
- On the basis of smart applications, the global narrowband IoT market is segmented into smart governance, smart metering, smart buildings, smart asset tracking, ad others.
- On the basis of vertical, the global narrowband IoT market is segmented into agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, retail, and others.
Major Market Competitors:
Some of the major players of the global narrowband IoT market are
- China Mobile Limited.,
- SK TELECOM CO. LTD.,
- Vodafone Group,
- China Unicom (Hong Kong) Limited,
- Deutsche Telekom AG,
- Telefónica S.A.,
- Telstra, Ericsson AB ,
- Quectel Wireless Solutions Co. Ltd.,
- Sierra Wireless,
- Qualcomm Technologies, Inc.,
- ZTE Corporation,
- And others…
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