What is Private Narrowband IoT Market?
Private Narrowband-Internet of Things (NB-IoT) is a standards-based low-power wide-area (LPWA) technology that has been designed to support a variety of new IoT devices and services. NB-IoT improves user interface power consumption, machine capacity, and spectrum quality, especially in deep coverage. NB-IoT uses approved bandwidth, much as most wireless protocols (non-cellular LPWA network technologies use unlicensed spectrum). NB-IoT is a variant of LTE (Long-Term Evolution, to use an oversimplification, a requirement for 4G cellular broadband) and can be implemented in three ways. Smart agriculture, smart city applications (e.g., smart parking, smart street lighting, waste management), smart house applications, smart metres, production automation, smart grid applications, smoke alarms, industrial IoT applications (IIoT) with several low-power systems, predictive maintenance, smart locks, environmental tracking, trackers, and more are among the NB- IoT's applications.
Highlights from Private Narrowband IoT Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AT&T (United States), Verizon Communications (United States), Huawei (China), Vodafone Group Plc (United Kingdom), Telstra (Australia), Qualcomm (United States), Samsung (South Korea), Nordic Semiconductor (Norway), Cheerzing (China), Sercomm (Taiwan) and Sierra Wireless (Canada) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States & Chinese Players will contribute to the maximum growth of Global Private Narrowband IoT market throughout the forecasted period.
AT&T (United States), Verizon Communications (United States), Huawei (China), Vodafone Group Plc (United Kingdom), Telstra (Australia), Qualcomm (United States), Samsung (South Korea), Nordic Semiconductor (Norway), Cheerzing (China), Sercomm (Taiwan) and Sierra Wireless (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Sequans Communications (France), u-blox (Switzerland), SIMCom (China), Altair Semiconductor (Sony Group) (Israel), MediaTek (Taiwan), ZTE (China) and RDA (China). Private Narrowband IoT Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Real-Time Streaming Analytics, Asset Tracking, Smart Parking Management, Security, Logistics Tracking, Soil Monitoring and Others |
Type | Smart Parking, Smart Meters, Trackers, Alarms and Detectors, Smart Appliances, Wearable Devices and Others |
Deployment Mode | In-Band,Stand-Alone,Guard Band |
Industry | Banking, Financial Services and Insurance (BFSI),Retail Industry,Hospitality Industry,Automotive Industry,Healthcare Industry,Others |
On the basis of geography, the market of Private Narrowband IoT has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emergence of Integrated Chipsets
Market Growth Drivers:
Growing Implementation of Low-Power Wide-Area Network (LPWAN), Energy and Cost-Efficient Properties and Extended and Secure Coverage Relative to GSM/GPRS Systems
Challenges:
Installation in Remote Regions and Maintenance Costs
Restraints:
Slow Rate of Data Transmission and Complementary Technologies
Opportunities:
Rising Number of Smart Cities Across Nations, Demand for Secure IoT Infrastructure and Low Penetration in Emerging Regions Particularly West Asia
Key Target Audience
Private Narrowband IoT Device Manufactures, New Entrants and Investors, Private Narrowband IoT Device Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
On 11th February, 2020 - Nordic Semiconductor’s launched “nRF9160, under a Recent IoT Protection Programme Spearheaded by Arm, the Nrf9160 System-In-Package (Sip) LTE-M/NB-IoT Cellular IoT (CIoT) Module Is One of The First Devices to Be Granted PSA Certified Level 1 Certification. and On 17th December, 2018 - Qualcomm Introduced its Next-Gen Cellular Chipset “Qualcomm 9205” Purpose-Built for IoT. This Technology Enables Customized IoT Applications Using Low-Power, Wide-Area Connectivity with the 9205 LTE Modem, Which Integrates Multimode LTE Category M1 (eMTC) And NB-IoT with 2G/E-GPRS Connectivity Technologies for Customers to Create Innovative IoT Applications.