Narrowband - IoT Market Growth Rate, Future Scope, Analysis, Business Development and CAGR To 2022

Narrowband IoT Market connects devices more simply and efficiently on already established mobile networks.

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.The market is estimated to grow with a healthy CAGR in the forecast period of 2019-2026.

The report contains data from the base year of 2018 and the historic year of 2017.

Get Sample Report at : https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-narrowband-iot-marketCompetitive Analysis: Global Narrowband IoT   MarketFew of the major competitors currently working in the global narrowband IoT market are AT Intellectual Property., China Mobile Limited., Orange, SK TELECOM CO., LTD., Arm Limited, Vodafone Group, China Unicom (Hong Kong) Limited., Deutsche Telekom AG, Etisalat., Telstra Corporation Limited, Telefonaktiebolaget LM Ericsson,  Nokia, Sierra Wireless., Qualcomm Technologies, Inc., u-blox, ZTE Corporation, SEQUANS, Serecomm Corporation, Gemalto NV, Telit, SAMSUNG, Intel Corporation, CHEERZING, Huawei Technologies Co., Ltd. amongst others.

Key Pointers Covered in the Global Narrowband IoT Market Trends and Forecast to 2026Global   Narrowband IoT Market New Sales VolumesGlobal   Narrowband IoT  Market Replacement Sales VolumesGlobal   Narrowband IoT Market Installed BaseGlobal   Narrowband IoT Market By BrandsGlobal   Narrowband IoT Market SizeGlobal   Narrowband IoT  Market Procedure VolumesGlobal   Narrowband IoT Market Product Price AnalysisGlobal   Narrowband IoT Market Healthcare OutcomesGlobal   Narrowband IoT Market Cost of Care AnalysisGlobal   Narrowband IoT Market Regulatory Framework and ChangesGlobal   Narrowband IoT Market Prices and Reimbursement AnalysisGlobal   Narrowband IoT Market Shares in Different RegionsRecent Developments for Global   Narrowband IoT Market CompetitorsGlobal   Narrowband IoT Market Upcoming ApplicationsGlobal   Narrowband IoT Market Innovators StudyGet Detailed TOC:https://www.databridgemarketresearch.com/toc/?dbmr=global-narrowband-iot-marketKey Developments in the Market:In February 2019, EITC collaborated with Nokia, Affirmed Networks and MediaTek to launch the next generation NB-IoT network, which would facilitate electronic devices to showcase and run a range of smart appliances including smart metering, smart buildings, smart asset tracking, smart parking etc.

Internet of Things for few years in a row has represented the most happening field for new gadgets and devices to flourish.

Connected environment thanks to this burgeoning range of connected devices has already penetrated our life far and wide.

From delivering physicians real-time patient data to processing real-time health and fitness data on your Smartphone app to tracking the performance of your vehicle in real time, to automating manufacturing systems through connected equipment, Internet of Things has already transformed life and businesses in more ways than one.

IoT in many industries and business niches is also facilitating to come up with new services, innovative digital products and breakthrough interfaces.

IoT as a driving force in digital transformation of business: Most businesses who found IOT as an irreplaceable technology for their business operation and driving productivity as well as efficiency, now found that the adoption to IOT will bring a total digital transformation of their business processes instead if just adding a high tech component to their business process.

LP-WAN technologies which works much in the fashion of Narrowband IoT (NB-IoT) offers the advantage of connecting lot of devices with unperturbed and glitch-free connectivity while maintaining the network cost to a minimum.

Nowadays the Internet of Things (IoT) & wearable devices is evolving and impacting every perspective of livelihood.

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Narrowband IoT Chipset Market: SynopsisThe detailed report published by Market Research Future (MRFR) projects that the Narrowband IoT Chipset Market is marked to exhibit remarkable expansion at a CAGR of 60% during the forecast period of 2017-2023.

Rapid adoption of technologically advanced solutions, increasing demand for automation of services in multiple industrial sectors, rapid conversion of metropolitans into smart cities in the developed and developing countries, increased penetration and adoption of advanced technology in the developing countries, rise in awareness of the advantages of automation and increased government funding for automation of vital services in various industrial sectors are majorly propelling the growth of the Narrowband IoT Chipset Market during the assessment period.Key Players:The key players profiled by Market Research Future (MRFR) that are operating in the Narrowband IoT Chipset Market are Intel Corporation (the U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Quectel Wireless Solutions Co. Ltd. (China), Qualcomm Technologies Inc., (the U.S.), Vodafone Group plc (the U.K) and others.

Other key innovators operating in the global narrowband IoT (NB-IoT) chipset market are u-blox (Switzerland), ZTE Corporation (China), SEQUANS Communications SA (France), Nordic Semiconductor (Norway), Emirates Telecommunication Group (UAE), China Telecommunications Corporation (China), Sigfox (France), STMicroelectronics (the U.S.), Gemalto (the Netherlands) and others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5993SegmentationThe Narrowband IoT Chipset Market has been segmented on the basis of component, device, deployment, and end-user.

The services segment has been further sub-segmented into professional services and managed services.

Based on applications, the global narrowband IoT (NB-IoT) chipset market has been segmented into alarms & detector, a smart appliance, tracker, wearable, smart meter, and many others.

Based on end-users, the global narrowband IoT (NB-IoT) chipset market has been segmented into healthcare, energy and utility, agriculture, retail, transportation and logistics, and others.Regional AnalysisGeographically, the global narrowband IoT chipset market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the Middle East and Africa.

The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,020.2 million by 2025, registering a CAGR of 34.9% from 2019 to 2025.

The growing demand for deployment of innovative technologies to track and monitor assets and people accurately in line with the smart city initiatives being pursued aggressively all around the world is expected to drive the growth of the market.

Other factors, such as low power consumption, lower component costs, and wider coverage, are also expected to contribute toward the growth of the market.Access Sample Report of this report @ https://www.radiantinsights.com/research/narrowband-iot-market/request-sampleNarrowband-IoT, which is also known as LTE Cat NB1, happens to be a Low Power Wide Area (LPWA) network technology standard used to connect a wide range of smart sensors and devices using a wireless cellular network.

NB-IoT devices operate in the licensed spectrum and ensure secure and reliable connectivity to end users.Incumbents of the automotive industry are responding to the passengers' safety concerns by adopting emerging technologies that can potentially offer safer, convenient, and efficient transportation.

As such, the use of Narrowband-IoT in the automotive industry is growing rapidly owing to the capability of NB-IoT to accurately track vehicles, identify and avoid highway congestions, and subsequently contribute toward effective traffic management.

The looming commercialization of the upcoming connected and autonomous vehicles is also expected to play a key role in driving the growth of the NB-IoT market over the forecast period.Energy and utility companies are widely adopting the NB-IoT technology for smart meters to remotely monitor the usage of power, water, and gas in residential and commercial buildings, and to obtain the usage data for issuing monthly bills.

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According to new market research report "Narrowband IoT Market by Application Software, Technology Service, Vertical, Smart Application (Smart Governance, Smart Metering, Smart Homes, Smart Asset Tracking), and Region- Global Forecast to 2022", The Narrowband IoT market size is expected to grow from USD 320.5 Million in 2017 to USD 8,221.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 91.3% during the forecast period.

Smart parking management is expected to be the most promising application software during the forecast period Smart parking management solution is expected to dominate the application software segment in the Narrowband IoT Market as the number of vehicles are increasing day by day, smart parking would help the management of vehicles, utilizing the parking space in an optimized way with the help of NB-IoT application software.

Managed services in the services segment is expected to grow at a fast rate in the Narrowband IoT market Managed services is expected to grow at the highest CAGR in the services segment as these services assist companies in developing strong strategies and provide resources that allow them to manage the technology at a lower cost.

The major vendors covered in the Narrowband IoT market for the study are Vodafone Group Plc (London, U.K.), China Mobile (China), China Telecom (Beijing, China), AT (Texas, U.S.), Etisalat (Abu Dhabi, UAE), Telstra (Melbourne, Australia), Orange S.A. (Paris, France), Telefonica (Madrid, Spain), SK Telecom (Seoul, South Korea), and Deutsche Telekom (Bonn, Germany).

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