Abstract
Summary
Growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals is expected to drive the overall market.
LPI (LP Information)' newest research report, the “Narrowband IoT (NB-IoT) Industry Forecast” looks at past sales and reviews total world Narrowband IoT (NB-IoT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Narrowband IoT (NB-IoT) sales for 2023 through 2029. With Narrowband IoT (NB-IoT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Narrowband IoT (NB-IoT) industry.
This Insight Report provides a comprehensive analysis of the global Narrowband IoT (NB-IoT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Narrowband IoT (NB-IoT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Narrowband IoT (NB-IoT) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Narrowband IoT (NB-IoT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Narrowband IoT (NB-IoT).
The global Narrowband IoT (NB-IoT) market size is projected to grow from US$ 208.5 million in 2022 to US$ 1228.5 million in 2029; it is expected to grow at a CAGR of 28.8% from 2023 to 2029.
Asset tracking is expected to be the fastest growing market in the NB-IoT smart application market as wireless asset tracking, sensing, and control of products would provide a round-the-clock visibility concerning the whereabouts and state of assets in the supply chain.
This report presents a comprehensive overview, market shares, and growth opportunities of Narrowband IoT (NB-IoT) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Professional Services
Management Services
Segmentation by application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom
LPI (LP Information)' newest research report, the “Narrowband IoT (NB-IoT) Industry Forecast” looks at past sales and reviews total world Narrowband IoT (NB-IoT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Narrowband IoT (NB-IoT) sales for 2023 through 2029. With Narrowband IoT (NB-IoT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Narrowband IoT (NB-IoT) industry.
This Insight Report provides a comprehensive analysis of the global Narrowband IoT (NB-IoT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Narrowband IoT (NB-IoT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Narrowband IoT (NB-IoT) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Narrowband IoT (NB-IoT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Narrowband IoT (NB-IoT).
The global Narrowband IoT (NB-IoT) market size is projected to grow from US$ 208.5 million in 2022 to US$ 1228.5 million in 2029; it is expected to grow at a CAGR of 28.8% from 2023 to 2029.
Asset tracking is expected to be the fastest growing market in the NB-IoT smart application market as wireless asset tracking, sensing, and control of products would provide a round-the-clock visibility concerning the whereabouts and state of assets in the supply chain.
This report presents a comprehensive overview, market shares, and growth opportunities of Narrowband IoT (NB-IoT) market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Professional Services
Management Services
Segmentation by application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Narrowband IoT (NB-IoT) Market Size 2018-2029
2.1.2 Narrowband IoT (NB-IoT) Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Narrowband IoT (NB-IoT) Segment by Type
2.2.1 Professional Services
2.2.2 Management Services
2.3 Narrowband IoT (NB-IoT) Market Size by Type
2.3.1 Narrowband IoT (NB-IoT) Market Size CAGR by Type (2018 VS 2022 VS 2029)
2.3.2 Global Narrowband IoT (NB-IoT) Market Size Market Share by Type (2018-2023)
2.4 Narrowband IoT (NB-IoT) Segment by Application
2.4.1 Agricultural
2.4.2 Logistics
2.4.3 Health Care
2.4.4 Industrial Production
2.4.5 Energy, Utilities
2.4.6 Retail
2.4.7 Other
2.5 Narrowband IoT (NB-IoT) Market Size by Application
2.5.1 Narrowband IoT (NB-IoT) Market Size CAGR by Application (2018 VS 2022 VS 2029)
2.5.2 Global Narrowband IoT (NB-IoT) Market Size Market Share by Application (2018-2023)
3 Narrowband IoT (NB-IoT) Market Size by Player
3.1 Narrowband IoT (NB-IoT) Market Size Market Share by Players
3.1.1 Global Narrowband IoT (NB-IoT) Revenue by Players (2018-2023)
3.1.2 Global Narrowband IoT (NB-IoT) Revenue Market Share by Players (2018-2023)
3.2 Global Narrowband IoT (NB-IoT) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Narrowband IoT (NB-IoT) by Regions
4.1 Narrowband IoT (NB-IoT) Market Size by Regions (2018-2023)
4.2 Americas Narrowband IoT (NB-IoT) Market Size Growth (2018-2023)
4.3 APAC Narrowband IoT (NB-IoT) Market Size Growth (2018-2023)
4.4 Europe Narrowband IoT (NB-IoT) Market Size Growth (2018-2023)
4.5 Middle East & Africa Narrowband IoT (NB-IoT) Market Size Growth (2018-2023)
5 Americas
5.1 Americas Narrowband IoT (NB-IoT) Market Size by Country (2018-2023)
5.2 Americas Narrowband IoT (NB-IoT) Market Size by Type (2018-2023)
5.3 Americas Narrowband IoT (NB-IoT) Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Narrowband IoT (NB-IoT) Market Size by Region (2018-2023)
6.2 APAC Narrowband IoT (NB-IoT) Market Size by Type (2018-2023)
6.3 APAC Narrowband IoT (NB-IoT) Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Narrowband IoT (NB-IoT) by Country (2018-2023)
7.2 Europe Narrowband IoT (NB-IoT) Market Size by Type (2018-2023)
7.3 Europe Narrowband IoT (NB-IoT) Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Narrowband IoT (NB-IoT) by Region (2018-2023)
8.2 Middle East & Africa Narrowband IoT (NB-IoT) Market Size by Type (2018-2023)
8.3 Middle East & Africa Narrowband IoT (NB-IoT) Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Narrowband IoT (NB-IoT) Market Forecast
10.1 Global Narrowband IoT (NB-IoT) Forecast by Regions (2024-2029)
10.1.1 Global Narrowband IoT (NB-IoT) Forecast by Regions (2024-2029)
10.1.2 Americas Narrowband IoT (NB-IoT) Forecast
10.1.3 APAC Narrowband IoT (NB-IoT) Forecast
10.1.4 Europe Narrowband IoT (NB-IoT) Forecast
10.1.5 Middle East & Africa Narrowband IoT (NB-IoT) Forecast
10.2 Americas Narrowband IoT (NB-IoT) Forecast by Country (2024-2029)
10.2.1 United States Narrowband IoT (NB-IoT) Market Forecast
10.2.2 Canada Narrowband IoT (NB-IoT) Market Forecast
10.2.3 Mexico Narrowband IoT (NB-IoT) Market Forecast
10.2.4 Brazil Narrowband IoT (NB-IoT) Market Forecast
10.3 APAC Narrowband IoT (NB-IoT) Forecast by Region (2024-2029)
10.3.1 China Narrowband IoT (NB-IoT) Market Forecast
10.3.2 Japan Narrowband IoT (NB-IoT) Market Forecast
10.3.3 Korea Narrowband IoT (NB-IoT) Market Forecast
10.3.4 Southeast Asia Narrowband IoT (NB-IoT) Market Forecast
10.3.5 India Narrowband IoT (NB-IoT) Market Forecast
10.3.6 Australia Narrowband IoT (NB-IoT) Market Forecast
10.4 Europe Narrowband IoT (NB-IoT) Forecast by Country (2024-2029)
10.4.1 Germany Narrowband IoT (NB-IoT) Market Forecast
10.4.2 France Narrowband IoT (NB-IoT) Market Forecast
10.4.3 UK Narrowband IoT (NB-IoT) Market Forecast
10.4.4 Italy Narrowband IoT (NB-IoT) Market Forecast
10.4.5 Russia Narrowband IoT (NB-IoT) Market Forecast
10.5 Middle East & Africa Narrowband IoT (NB-IoT) Forecast by Region (2024-2029)
10.5.1 Egypt Narrowband IoT (NB-IoT) Market Forecast
10.5.2 South Africa Narrowband IoT (NB-IoT) Market Forecast
10.5.3 Israel Narrowband IoT (NB-IoT) Market Forecast
10.5.4 Turkey Narrowband IoT (NB-IoT) Market Forecast
10.5.5 GCC Countries Narrowband IoT (NB-IoT) Market Forecast
10.6 Global Narrowband IoT (NB-IoT) Forecast by Type (2024-2029)
10.7 Global Narrowband IoT (NB-IoT) Forecast by Application (2024-2029)
11 Key Players Analysis
11.1 Vodafone
11.1.1 Vodafone Company Information
11.1.2 Vodafone Narrowband IoT (NB-IoT) Product Offered
11.1.3 Vodafone Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.1.4 Vodafone Main Business Overview
11.1.5 Vodafone Latest Developments
11.2 China Unicom
11.2.1 China Unicom Company Information
11.2.2 China Unicom Narrowband IoT (NB-IoT) Product Offered
11.2.3 China Unicom Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.2.4 China Unicom Main Business Overview
11.2.5 China Unicom Latest Developments
11.3 China Telecom
11.3.1 China Telecom Company Information
11.3.2 China Telecom Narrowband IoT (NB-IoT) Product Offered
11.3.3 China Telecom Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.3.4 China Telecom Main Business Overview
11.3.5 China Telecom Latest Developments
11.4 AT&T
11.4.1 AT&T Company Information
11.4.2 AT&T Narrowband IoT (NB-IoT) Product Offered
11.4.3 AT&T Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.4.4 AT&T Main Business Overview
11.4.5 AT&T Latest Developments
11.5 Etisalat
11.5.1 Etisalat Company Information
11.5.2 Etisalat Narrowband IoT (NB-IoT) Product Offered
11.5.3 Etisalat Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.5.4 Etisalat Main Business Overview
11.5.5 Etisalat Latest Developments
11.6 Telstra
11.6.1 Telstra Company Information
11.6.2 Telstra Narrowband IoT (NB-IoT) Product Offered
11.6.3 Telstra Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.6.4 Telstra Main Business Overview
11.6.5 Telstra Latest Developments
11.7 Orange
11.7.1 Orange Company Information
11.7.2 Orange Narrowband IoT (NB-IoT) Product Offered
11.7.3 Orange Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.7.4 Orange Main Business Overview
11.7.5 Orange Latest Developments
11.8 Telefonica
11.8.1 Telefonica Company Information
11.8.2 Telefonica Narrowband IoT (NB-IoT) Product Offered
11.8.3 Telefonica Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.8.4 Telefonica Main Business Overview
11.8.5 Telefonica Latest Developments
11.9 SK Telecom
11.9.1 SK Telecom Company Information
11.9.2 SK Telecom Narrowband IoT (NB-IoT) Product Offered
11.9.3 SK Telecom Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.9.4 SK Telecom Main Business Overview
11.9.5 SK Telecom Latest Developments
11.10 Deutsche Telekom
11.10.1 Deutsche Telekom Company Information
11.10.2 Deutsche Telekom Narrowband IoT (NB-IoT) Product Offered
11.10.3 Deutsche Telekom Narrowband IoT (NB-IoT) Revenue, Gross Margin and Market Share (2018-2023)
11.10.4 Deutsche Telekom Main Business Overview
11.10.5 Deutsche Telekom Latest Developments
12 Research Findings and Conclusion