Narrowband IoT (NB-IoT) Market to Reach US$1052.69 Mn by 2025, Owing to Growing Adoption of Automation – TMR


ALBANY, New York, March 13, 2019 –The global narrowband IoT (NB-IoT) market consists of numerous global and local players. The global market is considerably competitive and fragmented says Transparency Market Research (TMR) in a report. The global narrowband IoT market share is evenly categorized among various major players. Several noteworthy players head the global market to deliver quality products to end-users. The most important enterprises operating in the global narrowband IoT (NB-IoT) market are ZTWE Corporation, SEQUANS Communications SA, Intel Corporation, China Telecom, and Etisalat Corporation.

As said in the report of TMR, the global narrowband IoT (NB-IoT) market is projected to achieve US$1052.69 mn before the end of 2025, stretching out at a CAGR of 33.12% in the duration of 2017 and 2025. Geographically, Europe will lead the global narrowband IoT (NB-IoT) market in the forthcoming years. Owing to increasing applications of NB-IoT in transportation and automation sector is responsible for leading in this region. North America is also leading the global narrowband IoT (NB-IoT) market owing to the rising adoption of cloud based and IoT services in this economy.

Get PDF Brochure for Research Insights at:    

Based on end-user section, the global narrowband IoT (NB-IoT) market is ided into healthcare, retail, energy & utilities, transportation & logistics, agriculture, and smart cities are some of the key applications of narrowband IoT. Among these, smart cities are the leading segments as IoT devices are deployed in both residential and commercial buildings to make resource and energy allocation more effective with improved security.

Request a Sample of Report:    

Reliable Connectivity Factoring the Global Narrowband IoT (NB-IoT) Market

The narrowband IoT (NB-IoT) is a low power wide area network technology (LPWA) standard that connects a wide range of devices and services on established cellular network. NB-IoT is well suited for applications that deals with small amount of infrequent data transfer over long period. NB-IoT operates in licensed spectrum that offers secure and reliable connectivity while assuring quality of service.

The NB-IoT market is expected to show significant growth due to rapid development in IoT industry and rising demand of new cellular communication technology that are dedicated to IoT LPWA applications. The increasing demand for navigation, telematics, and in-car infotainment services in automotive & transportation industry is also supporting the market of The NB-IoT. The added advantages of NB-IoT such as low power consumption, excellent penetration coverage, and low component costs are also supporting growth in the global narrowband IoT market.

Request for Discount on This Report:    

Front-End Complexity, the Biggest Challenge for the Global Market

Deployment, front-end complexity, and licensing costs of NB-IoT are hindering the growth of the market. Low-speed data transmission with privacy & security is also hindering the growth of the global narrowband IoT (NB-IoT) market. However, the global market is projected to show substantial growth owing to quick development in IoT industry and increasing demand of new cellular communication technology that are dedicated to IoT LPWA applications.

This review is based on Transparency Market Research’s report, titled “Narrowband IoT (NB-IoT) Market (Component – Hardware (Module), Software and Services; Application – Smart Metering, Asset Tracking, Alarms & Event Detectors, Smart Parking, and Smart Bins; End-use Industry – Healthcare, Retail, Energy & Utilities, Transportation & Logistics, Agriculture, and Smart Cities) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

Have Any Query? Ask Our Industry Expert:    

Global narrowband IoT (NB-IoT) market is segmented as follows:

o   Hardware

o   Module

o   Others

o   Software

o   Services          

  • Application

o   Smart Metering

o   Asset Tracking

o   Alarms & Event Detectors

o   Smart Parking

o   Smart Bins

o   Others

  • End-use Industry

o   Healthcare

o   Retail

o   Energy & utilities

o   Transportation & logistics

o   Agriculture

o   Smart Cities

o   Others

– Region

  • North America

o   U.S.

o   Canada

o   Rest of North America

o   U.K.

o   Germany

o   France

o   Rest of Europe

  • Asia Pacific

o   India

o   China

o   Japan

o   Australia

o   Rest of Asia Pacific

  • Middle East & Africa

o   GCC Countries

o   South Africa

o   Rest of Middle East & Africa

  • South America

o   Brazil

o   Rest of South America

Browse More  IT & Telecom Market Research Reports

Popular Report by TMR:

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.


Mr. Rohit Bhisey

Transparency Market Research

State Tower

90 State Street,

Suite 700,
Albany, NY – 12207
United States

Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453


Research Blog:

SOURCE Transparency Market Research