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Allied Market Research

Narrowband IoT Market Deployment Type (Verticals and Smart Application),Services (Professional and Managed), Industry Vertical (IT& Telecom, Logistics &Transportation, Healthcare, Manufacturing, Energy & Utilities, Agriculture, and Others):Global Opportunity Analysis and Industry Forecast, 2020–2027

A08458
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Feb 2021 | 118 Views
 
Author(s) : NA
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Narrowband IoT Market Statistics: 2027

NB-IoT provides long range communication, allows up to 10 years battery life and helps organizations connect a wide range of assets. It is a standard-based low power wide area (LPWA) technology developed to enable a wide range of new IoT devices and services. It also helps to improve power consumption of user devices, system capacity, and spectrum efficiency, especially in deep coverage.

NB-IoT supports majorly all mobile equipment, module manufacturers, and chipset.In addition, it also co-exists with 2G, 3G, and 4G networks. User identity confidentiality, entity authentication, confidentiality, data integrity, and mobile equipment identification are alsosupported features of NB-IoT by mobile networks. NB-IoT comes under cellular technology, thus providing support to 2-way communication. It is usually characterized by cost efficiency, indoor coverage, low device power consumption, optimized network architecture, and supports massive number of connections.  

Narrowband IoT Market

Market scope and structure analysis:                                   

Report Matric

Details

  Market size available for the years

  2019-2027

  Base year considered

  2019

  Forecast period

  2020-2027

  Forecast unit

  Value (USD)

  Segments covered 

  Type

  Application

  Enterprise Size

  Region

  Geographies covered

North America (U.S. and Canada)

Europe (Germany, UK, France, and the Rest of Europe)

Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

LAMEA (Latin America,Middle East and Africa)

  Companies covered

Vodafone Group PLC.

Qualcomm Inc.

Intel Corp.

Verizon communications 

Huawei Technologies Corp .

Emirates Telecommunication Corp.

T-mobile Corp

 Nokia Corp.

MediaTek Inc.

ZTE Corp.

Telstra Corp .

Serecomm Corp.

 

COVID-19 scenario Analysis:

1.The emergence of COVID-19 pandemic has severely affected almost all industries across the world. Further, lockdown enforcements and restrictions on movements of non-essential goods as well as resources in various countries has disrupted supply chain of electronic components & networking equipment. Thus, this has led to delay in supply of electronic components required in manufacturing of network equipment.

2. It is estimated that the U.S. and global tech narrowband IoTmarket growth is slowing down to nearly 2% in 2020, owing to which ICT spending in major economies such as the U.S. have declined in the first half of 2020.

3.The NB-IoT technology is used in wearablessuch assmart watches. COVID -19 outbreak increased the importance of oxygen level detectors and human body temperature measurement has become more important, which can be  included in smart watches.

4. However, the industry is still hoping a recession in almost every sector, the computer and equipment spending might be the weakest sector following with the tech spending and system integration. Software spending growth may also witnessa decline and it is hard to grow post-recession. Fortunately, organizations are still predicting a growth in demand in cloud infrastructure services and potential increase in spending on specialized software.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rise in use of narrowband IoTamong manufacturers and end users, low deployment cost, risein demand forLPWAN, extended coverage, and long battery life provided by narrowband IoTdrives growth of the market. However, deployment front end complexity andlow speed data transmission hinders growth of the market.Furthermore, rise inspending on smart cities and smart buildings provides numerous opportunities for the narrowband IoTmarket.

Low deployment cost of narrowband IoT

Narrowband IoT is a fast-growing cellular technology and provides highly-efficient, low-power and cost-effective connectivity using only a fraction of 4G LTE frequency band. In addition, NB-IoT uses simpler waveform technology,which consumes less power and offers digitized and reduced complexity of analog to digital and digital to analog conversion, buffering and channel estimation. By saving power, in turn, leads to cost savings. In addition, these chips are simple to create and are cheap, which makes its deployment cost low thus driving its adoption among end users.

Key Segments covered:

Segments

Sub Segments

  Deployment  Type

  • Verticals
  • Smart Applications

  echnology Service

  • Managed
  • Professional

  Industry vertical

  • IT & Telecom
  • Logistics and Transportation
  • Healthcare
  • Manufacturing
  • Energy & Utilities
  • Agriculture
  • Others

Key benefits of the report:

  • along with the current trends and future estimations to determine the imminent investment pockets.NB-IoTmarketThis study presents the analytical depiction of the global
  • market share.NB-IoTThe report presents information related to key drivers, restraints, and opportunities along with detailed analysis ofglobal
  • scenario.NB-IoTmarketgrowthThe current narrowband IoTmarket is quantitatively analyzed from 2019 to 2027 to highlight the global
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the narrowband IoTmarket.
  • The report provides detailedNB-IoTmarket analysis based on competitive intensity and how the competition will take shape in coming years.
 
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