Global Private Narrowband IoT Market was valued at USD xx Bn in 2019 and is expected to reach at USD xx Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.
The report covers an in depth analysis of COVID 19 pandemic impact on Global Private Narrowband IoT Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global Private Narrowband IoT Market Dynamics:
Private Narrow Band-Internet of Things (NB-IoT) is a standards-based low power wide area (LPWA) technology developed to enable a wide range of new IoT devices and services. NB-IoT significantly improves the power consumption of user devices, system capacity and spectrum efficiency, especially in deep coverage. An Increasing applications of NB-IoT technology in technology companies and telecommunications service providers are expected to design and develop NB-IoT devices is expected to drive the market growth over the forecast period. Various factors such as growing adoption of IoT, rise in use of connected devices, rising demand for low-power, low-cost, and long-range connectivity technologies, increasing participation of industry players in development of NB-IoT and widening applications of NB-IoT technology are driving the market growth over forecast period.
However, factors such as stiff competition from other Lpwa technologies, privacy & security concerns and limited to low-speed data transmission applications are restraining the market growth over forecast period.
Global Private Narrowband IoT Market is segmented by application, deployment, and vertical and by region. By Application, Real-time streaming analytics held 27.76% of market share in 2019 and is expected to keep its dominance over forecast period. Market players are working towards the development of new modules and deployment of private NB-IoT networks to enhance the speed of real time streaming analytics. By End Users, Industrial Manufacturing is dominating expected to grow at highest CAGR over forecast period. The growing tech-savvy work culture and continued adoption of emerging technologies for personal and business applications in industrial manufacturing sector are some of the major factors driving the growth of this segment over forecast period.
By geography, market is segmented into North America, APAC, Europe, MEA& Africa and Latin America. Among all of these North America is dominated the market with xx% of market share in 2019 and is expected to keep its dominance over forecast period. United States has presence of various leading players such as Qualcomm (US), Verizon Communications, Intel Corporation these players are focussing on testing and commercial deployment of private narrowband IoT solutions for consumer applications. North America is followed by APAC and Europe. APAC is expected to hold 28.98% of market share over forecast period. Factors such as increasing internet penetration, rising number of smart city initiatives in china & India and increasing levels of disposable income are driving the market growth in this region.
Report covers in depth analysis of key development and company profiles of market leaders, potential players and new entrants. Some of the key players covered in this market are AT&T, Verizon Communications, China Mobile Limited, Huawei technologies co. Ltd., Intel Corporation, Telefónica, Vodafone Group Plc., Orange, China Unicom, Telstra, Nokia, Ericsson, Qualcomm Technologies Inc. These key players are adopting various organic and inorganic growth strategies such as merger & acquisitions, joint ventures, strategic alliances and collaborations to increase their business opeartions and revenues.
Verizon is dominating the global private narrowband IoT market. In May 2019 Verizon has turned on its NB-IoT network in United States, which covers 92% of the U.S. population. The network is designed to connect devices that require data rates less than 100 kbps. The network can manage both IP and non-IP traffic. Non-IP traffic management can be used for devices and solutions that aren’t traditionally connected on mobile networks, such as alarm panels, environmental sensors, industrial appliances, factory equipment and parking meters. Verizon said the network can also be used in smart city and smart building applications, industrial IoT, utilities, agriculture and asset tracking.
The objective of the report is to present a comprehensive analysis of the Global Private Narrowband IoT Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Private Narrowband IoT Market dynamics, structure by analyzing the market segments and project Global Private Narrowband IoT Market. Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Private Narrowband IoT Market make the report investor’s guide.
Scope of Global Private Narrowband IoT Market
Global Private Narrowband IoT Market by Application
• Real-Time Streaming Analytics
• Asset Tracking
• Smart Parking Management
• Logistics Tracking
• Soil Monitoring
Global Private Narrowband IoT Market by Deployment
• Guard Band
Global Private Narrowband IoT Market by End Users
• Logistics and Transportation
• Industrial Manufacturing
• Energy and Utilities
Global Private Narrowband IoT Market by Region
• North America
• MEA& Africa
• Latin America
Global Private Narrowband IoT Market Major Players
• Verizon Communications
• China Mobile Limited
• Huawei technologies co. Ltd.
• Intel Corporation
• Vodafone Group Plc.
• Orange, China Unicom
• Qualcomm Technologies Inc
• Telecom Italia
• Emirates Telecommunications Corporation
• Samsung (South Korea)
• Nordic Semiconductor (Norway)
• Altair Semiconductor (Sony Group Company) (Israel)
• Cheerzing (China)
• Sercomm (Taiwan)
• SIMCom (China)
• Sequans Communications (France)
• Sierra Wireless (Canada)
• U-blox (Switzerland)
• ZTE (China)
• RDA (China)
• MediaTek (Taiwan).
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