The global narrowband IoT market size is expected to enlarge during the forecast period, 2019 - 2026. Narrowband-IoT (NB-IoT) is an advanced technology developed to address the cellular IoT challenges. The technology works with minimum resources such as small batteries and sophisticated connecting devices.
The technology enhances inner and inter connectivity, rapid transmission, optimizes network architecture, minimizes device cost and enables multiple device connectivity. The associated benefits of NB-IoT over LPWAN are low power consumption during operations, low component costs, handles wider deployment coverages, helps in faster upgrade of existing networks, enables plug & play, ensures higher reliability, gives unified platform for business management, ensures improved indoor connectivity and coverage and enables wider connectivity.
Inclination towards the use of enhanced devices available at cost-effective prices is the key trend influencing the growth of NB-IoT market. Simultaneously, the widespread use of IoT devices is boosting the NB-IoT market.
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At present, standalone, guard band and in band are the types of technology used in NB-IoT. Thus, the NB-IoT market sees an elevated growth & potential in all terms for the forecast period and therefore, the global market for NB-IoT is growing at a double-digit CAGR for the forecast period.
Narrowband-IoT Market by Device Type (Tracker, Smart Metering, Wearable), Deployment (Stand Alone, Guard Band, In Band and), by Vertical (IT, Manufacturing Agriculture, Healthcare, Automotive & Transportation) -Forecast 2022Market HighlightsThe Global Narrowband IoT market has been evaluated as growing market and expected that the market will touch high growth figures in Asia-Pacific region during forecast years.In April 2016, Huawei and Vodafone announced the foundation of an Open IoT Lab for the product development and applications relating to NB-IoT technology.
Many prominent vendors such as Huawei Technologies Co. Ltd., Emirates Telecommunications Corporation, Qualcomm Incorporated and Vodafone Group PLC among others are working towards making the IoT dream, a reality.Narrowband IoT is a type of M2M communication technology that is specifically optimized for internet of things (IoT).
The NB-IoT modules only transmit small amount of infrequent data over long period of time.
The Market of NB-IoT is showing healthy growth due to the various advantages offered over conventional M2M channels such as low cost, low power consumption, long battery backup, reliable connection with wide area coverage and deep penetration.
The growing demand of low power connectivity solution and increasing interest in IoT platform are driving the market of NB-IoT.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 100 numbers of pages of the project report.
OverviewGlobal Private Narrowband IoT Market is expected to reach USD 16,075.4 Million by 2025, growing at a CAGR of 92.1% during the forecast period (2019–2025).
In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the coming years.Private narrowband Internet of Things (NB-IoT) is a new cellular standard for low-power wide-area (LPWA) M2M (machine to machine) communication.
LPWAN offers a combination of long-range, low power consumption, and secure data transmission, which makes it one of the preferred network technologies.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8599 Competitive AnalysisThe Prominent Players operating in the Private Narrowband IoT Market are The Key Players of the Global Private Narrowband IoT Market are AT, Verizon Communications, China Mobile Limited, Huawei Technologies Co. Ltd, Intel Corporation, Telefónica, Vodafone Group Plc., Orange, China Unicom, Telstra, Nokia, Ericsson, Qualcomm Technologies Inc, Telecom Italia, Emirates Telecommunications Corporation.Segmental AnalysisThe Global Private Narrowband IoT Market has been segmented based on Application, Deployment, Vertical, and Region.Based on the application, the private narrowband IoT has been segmented into real-time streaming analytics, asset tracking, smart parking management, security, logistics tracking, soil monitoring, and others.
Here, the cellular services are present and NB-IoT is positioned in the guard band of LTE carriers.
However, the LTE resources are not allocated which prevents the possible interference of LTE with NB-IoT.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/private-narrowband-iot-market-8599Based on industry vertical, the private narrowband IoT has been categorized as agriculture, logistics and transportation, healthcare, industrial manufacturing, energy and utilities, and others.
