Private Narrowband IoT Market: Global Industry Analysis and Forecast (2024-2030)

Private Narrowband IoT Market size was valued at US$ 2.69 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 92.6% through 2024 to 2030, reaching nearly US$ 265.08 Bn.

Private Narrowband IoT Market Overview:

Narrowband IoT (NB-IoT) is a low-power wide-area network (LPWAN) that operates independently in unused 200 kHz channels that were formerly utilised for the Global System for Mobile Communications or on LTE base stations that offer a resource block to NB-IoT processes. Because of its simpler waveform that consumes less power, NB-IoT extends the battery life of IoT devices while consuming less energy and saves electricity expenditures. As the frequency of changing batteries in IoT devices used in smart industrial and commercial buildings lowers, building owners can profit not just from lower power expenses, but also from lower labour costs. Besides, NB-IoT chips are easier to manufacture and thus less expensive. Real-Time Streaming Analytics, Asset Tracking, Smart Parking Management, Security, and Logistics Tracking are some of the applications of the private narrowband IoT. Agriculture, Logistics and Transportation, Healthcare, Industrial Manufacturing, and Energy and Utilities are some of the end-users of the private narrowband IoT.Private Narrowband IoT MarketTo know about the Research Methodology:- Request Free Sample Report

Private Narrowband IoT Market Dynamics:

The Narrowband Internet of Things (NB-IoT) is a standards-based low-power wide-area technology designed to accommodate a variety of new IoT devices and applications. In particular in deep coverage, NB-IoT increases user device power consumption, system capacity, and spectrum efficiency. During the forecast period 2024-2030, the global private narrowband IoT market is estimated to increase due to an increase in the number of applications of NB-IoT technology in technology firms and telecommunications service providers. Increasing IoT adoption, increased use of connected devices, rising demand for low-power, low-cost, and long-range connectivity technologies, increasing industry participation in NB-IoT development, and growing applications of NB-IoT technology are all driving global private narrowband IoT market growth from 2024 to 2030. Telecom operators are now investing in private NB-IoT initiatives and running pilot projects in various regions/countries, which is boosting the global private narrowband IoT market during the forecast period. Bharti Airtel and Vodafone Idea, for example, have introduced commercial narrow-band IoT (NB-IoT) services in India and have already begun commercial pilots in metro cities to build this network in order to access specific potential in smart cities and other applications.

Private Narrowband IoT Market Segment Analysis:

Based on the Application, the market is segmented into Real-Time Streaming Analytics, Asset Tracking, Smart Parking Management, Security, Logistics Tracking, and Others. Real-Time Streaming Analytics segment is expected hold the largest market share of xx% by 2030. Real-time streaming analytics aids in the detection of trends and the planning of contingencies. Real-time streaming analytics allows companies to be more practical in uncertain scenarios. This can be a tremendous help in instances when even a minute of downtime might bring the entire operation to a standstill. When a customer's experience is degraded or fraud is found, real-time streaming analytics can rapidly assist a corporation in issuing alerts. As a result, the customer receives a more prompt response and a better overall service experience. Besides, the organisation can take action before a minor outage or incident escalates into a larger, more significant problem that would cost more time and money to rectify and may hurt the company's reputation. Businesses can also utilise real-time analytics data to spot abnormalities and business developments (such as a sudden surge in demand for a product or service, or a manufacturing problem) as they happen. Companies can use this information to take immediate action and capture an opportunity that they might otherwise overlook. Based on the End-Users, the market is segmented into Agriculture, Logistics and Transportation, Healthcare, Industrial Manufacturing, Energy and Utilities, and Others. Industrial Manufacturing segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The key driving factors that are expected to boost the growth of the industrial manufacturing segment in the global market during the forecast period 2024-2030 are the increasing tech-savvy work culture and the continuous utilization of the innovative technologies for personal and corporate applications in the industrial manufacturing sector.Private Narrowband IoT MarketPrivate Narrowband IoT Market Regional Insights: North America dominates the Global Private Narrowband IoT market during the forecast period 2024-2030. North America is expected hold the largest market share of xx% by 2030. This is due to the various key players including as Qualcomm (US), Verizon Communications, and Intel Corporation are present in the United States, and these companies are focusing on testing and commercial deployment of private narrowband IoT solutions for consumer applications in the North America region. These are the key factors that are expected to boost the growth of the North America region in the Private Narrowband IoT market during the forecast period 2024-2030. Asia Pacific is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The increasing internet penetration in the Asia Pacific region, an increase in the number of smart city initiatives in the countries such as China and India, and rising levels of disposable income in the Asia Pacific region are expected to drive the region's growth in the private narrowband IoT market during the forecast period 2024-2030. The objective of the report is to present a comprehensive analysis of the Global Private Narrowband IoT Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Private Narrowband IoT Market dynamic, structure by analyzing the market segments and project the Global Private Narrowband IoT Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Private Narrowband IoT Market make the report investor’s guide.

Private Narrowband IoT Market Scope: Inquire before buying

Global Private Narrowband IoT Market
Report Coverage Details
Base Year: 2023 Forecast Period: 2024-2030
Historical Data: 2018 to 2023 Market Size in 2023: US $ 2.69 Bn.
Forecast Period 2024 to 2030 CAGR: 92.6% Market Size in 2030: US $ 265.08 Bn.
Segments Covered: by Application Real-Time Streaming Analytics Asset Tracking Smart Parking Management Security Logistics Tracking Others
by Component Module Network
by Deployment In-Band Standalone Guard Band
by Device Type Smart Meter Smart Lighting Smart Parking Alarm & Detector Others
by End-Users Agriculture Logistics and Transportation Healthcare Industrial Manufacturing Energy and Utilities Others

Private Narrowband IoT Market, by Region

Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Private Narrowband IoT Market Key Players are:

1. AT&T 2. Verizon Communications 3. China Mobile Limited 4. Huawei technologies co. Ltd. 5. Intel Corporation 6. Telefónica 7. Vodafone Group Plc. 8. Orange, China Unicom 9. Telstra 10. Nokia 11. Ericsson 12. Qualcomm Technologies Inc. 13. Telecom Italia 14. Emirates Telecommunications Corporation 15. Samsung 16. Nordic Semiconductor 17. Altair Semiconductor 18. Cheerzing

Frequently Asked Questions:

1] What segments are covered in market report? Ans. The segments covered in market report are based on Application, Component, Deployment, Device Type, and End-Users. 2] Which region is expected to hold the highest share in the market? Ans. North America is expected to hold the highest share in the market. 3] Who are the top key players in the market? Ans. AT&T, Verizon Communications, China Mobile Limited, Huawei technologies co. Ltd., and Intel Corporation are the top key players in the Global Private Narrowband IoT Market. 4] Which segment holds the largest market share in the market by 2030? Ans. Real-Time Streaming Analytics segment hold the largest market share in the Global market by 2030. 5] What is the market size of the market by 2030? Ans. The market size of the market is US $265.08 Bn. by 2030. 6] What was the market size of the market in 2023? Ans. The market size of the market was worth US $ 2.69 Bn. in 2023.
1. Global Private Narrowband IoT Market: Research Methodology 2. Global Private Narrowband IoT Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Private Narrowband IoT Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Private Narrowband IoT Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Private Narrowband IoT Market Segmentation 4.1 Global Private Narrowband IoT Market, by Application (2023-2030) • Real-Time Streaming Analytics • Asset Tracking • Smart Parking Management • Security • Logistics Tracking • Others 4.2 Global Private Narrowband IoT Market, by Component (2023-2030) • Module • Network 4.3 Global Private Narrowband IoT Market, by Deployment (2023-2030) • In-Band • Standalone • Guard Band 4.4 Global Private Narrowband IoT Market, by Device Type (2023-2030) • Smart Meter • Smart Lighting • Smart Parking • Alarm & Detector • Others 4.5 Global Private Narrowband IoT Market, by End-Users (2023-2030) • Agriculture • Logistics and Transportation • Healthcare • Industrial Manufacturing • Energy and Utilities • Others 5. North America Private Narrowband IoT Market (2023-2030) 5.1 Global Private Narrowband IoT Market, by Application (2023-2030) • Real-Time Streaming Analytics • Asset Tracking • Smart Parking Management • Security • Logistics Tracking • Others 5.2 Global Private Narrowband IoT Market, by Component (2023-2030) • Module • Network 5.3 Global Private Narrowband IoT Market, by Deployment (2023-2030) • In-Band • Standalone • Guard Band 5.4 Global Private Narrowband IoT Market, by Device Type (2023-2030) • Smart Meter • Smart Lighting • Smart Parking • Alarm & Detector • Others 5.5 Global Private Narrowband IoT Market, by End-Users (2023-2030) • Agriculture • Logistics and Transportation • Healthcare • Industrial Manufacturing • Energy and Utilities • Others 5.6 North America Private Narrowband IoT Market, by Country (2023-2030) • United States • Canada • Mexico 6. Asia Pacific Private Narrowband IoT Market (2023-2030) 6.1. Asia Pacific Private Narrowband IoT Market, by Application (2023-2030) 6.2. Asia Pacific Private Narrowband IoT Market, by Component (2023-2030) 6.3. Asia Pacific Private Narrowband IoT Market, by Deployment (2023-2030) 6.4. Asia Pacific Private Narrowband IoT Market, by Device Type (2023-2030) 6.5. Asia Pacific Private Narrowband IoT Market, by End-Users (2023-2030) 6.6. Asia Pacific Private Narrowband IoT Market, by Country (2023-2030) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Private Narrowband IoT Market (2023-2030) 7.1 Middle East and Africa Private Narrowband IoT Market, by Application (2023-2030) 7.2. Middle East and Africa Private Narrowband IoT Market, by Component (2023-2030) 7.3. Middle East and Africa Private Narrowband IoT Market, by Deployment (2023-2030) 7.4. Middle East and Africa Private Narrowband IoT Market, by Device Type (2023-2030) 7.5. Middle East and Africa Private Narrowband IoT Market, by End-Users (2023-2030) 7.6. Middle East and Africa Private Narrowband IoT Market, by Country (2023-2030) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Private Narrowband IoT Market (2023-2030) 8.1. Latin America Private Narrowband IoT Market, by Application (2023-2030) 8.2. Latin America Private Narrowband IoT Market, by Component (2023-2030) 8.3. Latin America Private Narrowband IoT Market, by Deployment (2023-2030) 8.4. Latin America Private Narrowband IoT Market, by Device Type (2023-2030) 8.5. Latin America Private Narrowband IoT Market, by End-Users (2023-2030) 8.6. Latin America Private Narrowband IoT Market, by Country (2023-2030) • Brazil • Argentina • Rest Of Latin America 9. European Private Narrowband IoT Market (2023-2030) 9.1. European Private Narrowband IoT Market, by Application (2023-2030) 9.2. European Private Narrowband IoT Market, by Component (2023-2030) 9.3. European Private Narrowband IoT Market, by Deployment (2023-2030) 9.4. European Private Narrowband IoT Market, by Device Type (2023-2030) 9.5. European Private Narrowband IoT Market, by End-Users (2023-2030) 9.6. European Private Narrowband IoT Market, by Country (2023-2030) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. AT&T 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Verizon Communications 10.3. China Mobile Limited 10.4. Huawei technologies co. Ltd. 10.5. Intel Corporation 10.6. Telefónica 10.7. Vodafone Group Plc. 10.8. Orange, China Unicom 10.9. Telstra 10.10. Nokia 10.11. Ericsson 10.12. Qualcomm Technologies Inc. 10.13. Telecom Italia 10.14. Emirates Telecommunications Corporation 10.15. Samsung 10.16. Nordic Semiconductor 10.17. Altair Semiconductor 10.18. Cheerzing
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