Global Narrowband Internet of Things
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Narrowband Internet of Things market size was USD 22.92 Billion In 2022 and it is forecasted to reach USD 43.47 Billion By 2030. Narrowband Internet of Things Industry's Compound Annual Growth Rate will be 6.09% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Narrowband Internet of Things market size was USD 22.92 Billion In 2022 and it is forecasted to reach USD 43.47 Billion By 2030. Narrowband Internet of Things Industry's Compound Annual Growth Rate will be 6.09% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Narrowband Internet of Things Market Sales Revenue | 121212 | 121212 | 121212 | 6.09% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Component |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Narrowband Internet of Things Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Narrowband IoT is a low-power wide space technology developed to change a good variety of the latest IoT devices and services. The technology firmly and dependably handles little amounts of fairly occasional two-way knowledge. Narrowband IoT significantly betters user device power consumption, system capability, and spectrum potency. The technology allows various solutions and devices such as wearables, utilities, industrial solutions, and good parking.
Increasing adoption of IoT along with better battery life for connected devices and winding applications of NB-IoT technology is the key factor expected to drive the growth of the narrowband internet of things market. In addition, increasing development in the IoT industry and demand for new cellular communication technology is positively impacting the growth of the narrowband internet of things market. However, the stringent competition from alternate technologies and the lack of standardization of IoT regulations are expected to hamper the growth of the narrowband internet of things market. Furthermore, increasing investments by technology companies and telecommunications service providers are expected to offer opportunities for the expansion of the narrowband-internet of things market during the forecast period.
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Nokia and Nordic Semiconductor announced to IoT Standard Essential Patent licensing
In January 2022, Nokia and Nordic Semiconductor has launched a pioneering new approach to licensing the use of cellular IoT Standard Essential Patents. Companies purchasing IoT hardware from Nordic will now be given the opportunity to acquire licenses to Nokia’s industry-leading portfolio of cellular patents.
Top Companies Market Share in Narrowband Internet of Things Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America has the largest revenue share in the narrowband internet of things market. This is due to the presence of various leading device manufacturers and network service providers in the U.S. and other major regions across North America.
The current report Scope analyzes Narrowband Internet of Things Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Narrowband Internet of Things Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Narrowband Internet of Things Industry growth. Narrowband Internet of Things market has been segmented with the help of its Component, Application , and others. Narrowband Internet of Things market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The solution segment has the largest dominant revenue share in the narrowband-internet of things market. This is attributed to increase network efficiency, and the capacity to support a massive number of new connections using a portion of the available spectrum is expected to drive the growth of the solution segment.
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This industry is one of the most dynamic industries, mainly fuelled by advanced technological, changing customer needs, and regulatory environments. In this chapter, we have included Narrowband Internet of Things market size, revenue share and growth rate for each application/end-user segment across the globe as well as regional level.
Moreover, we have also provides qualitative analysis such as driving and restraining factors which affects the Narrowband Internet of Things market growth. This section helps companies to gain a deeper understanding of the market trends, challenges and technological advancements. Thus this analysis allows companies to build strategies and make informed decisions in a highly competitive and rapidly evolving market.
Some of the key Application of Narrowband Internet of Things are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modeling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product positioning and will assist you to understand opportunities and threats around the globe.
The Global Narrowband Internet of Things Market is witnessing significant growth in the near future.
In 2023, the Solution segment accounted for noticeable share of global Narrowband Internet of Things Market and is projected to experience significant growth in the near future.
The Smart Meter segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Huawei Technologies Co Ltd, Qualcomm Technologies Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Solution, Service |
Application | Smart Meter, Smart Parking, Alarm and Detector, Smart Lighting, Tracker, Wearable, Others |
List of Competitors | Huawei Technologies Co Ltd, Intel Corporation, Qualcomm Technologies Inc, Nokia Corporation |
This chapter will help you gain GLOBAL Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review Global Narrowband Internet of Things Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review North America Narrowband Internet of Things Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review Europe Narrowband Internet of Things Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review Asia Pacific Narrowband Internet of Things Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review South America Narrowband Internet of Things Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review Middle East Narrowband Internet of Things Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Narrowband Internet of Things. Further deep in this chapter, you will be able to review Middle East Narrowband Internet of Things Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Narrowband Internet of Things. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Narrowband Internet of Things market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Solution have a significant impact on Narrowband Internet of Things market? |
What are the key factors affecting the Solution and Service of Narrowband Internet of Things Market? |
What is the CAGR/Growth Rate of Smart Meter during the forecast period? |
By type, which segment accounted for largest share of the global Narrowband Internet of Things Market? |
Which region is expected to dominate the global Narrowband Internet of Things Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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