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Global Narrow Band IoT Market Research Report 2025
Synopsis
The emergence of cellular NB-IoT network has fundamentally changed the IoT landscape. NB-IoT technology are best suited for applications that need to send small amounts of data over a wider range and are cost-effective. These technologies can cover an entire nation, thus connecting everything from meters to utilities to wearables.
The global Narrow Band IoT market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
This report aims to provide a comprehensive presentation of the global market for Narrow Band IoT, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Narrow Band IoT.
Report Scope
The Narrow Band IoT market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Narrow Band IoT market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Narrow Band IoT companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Huawei Technologies (China)
Vodafone Group (UK)
Emirates Telecommunications Corporation (UAE)
Telecom Italia (Italy)
Qualcomm (US)
China Unicom (China)
Intel Corporation (US)
Ericsson (Sweden)
Nokia Networks (Finland)
Verizon Communication (US)
Segment by Type
In-Band
Guard Band
Standalone
Segment by Application
Agriculture
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Narrow Band IoT companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The emergence of cellular NB-IoT network has fundamentally changed the IoT landscape. NB-IoT technology are best suited for applications that need to send small amounts of data over a wider range and are cost-effective. These technologies can cover an entire nation, thus connecting everything from meters to utilities to wearables.
The global Narrow Band IoT market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
This report aims to provide a comprehensive presentation of the global market for Narrow Band IoT, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Narrow Band IoT.
Report Scope
The Narrow Band IoT market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Narrow Band IoT market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Narrow Band IoT companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Huawei Technologies (China)
Vodafone Group (UK)
Emirates Telecommunications Corporation (UAE)
Telecom Italia (Italy)
Qualcomm (US)
China Unicom (China)
Intel Corporation (US)
Ericsson (Sweden)
Nokia Networks (Finland)
Verizon Communication (US)
Segment by Type
In-Band
Guard Band
Standalone
Segment by Application
Agriculture
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Narrow Band IoT companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Narrow Band IoT Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 In-Band
1.2.3 Guard Band
1.2.4 Standalone
1.3 Market by Application
1.3.1 Global Narrow Band IoT Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Agriculture
1.3.3 Automotive & Transportation
1.3.4 Energy
1.3.5 HealthCare
1.3.6 Manufacturing
1.3.7 Retail
1.3.8 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Narrow Band IoT Market Perspective (2019-2030)
2.2 Narrow Band IoT Growth Trends by Region
2.2.1 Global Narrow Band IoT Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Narrow Band IoT Historic Market Size by Region (2019-2024)
2.2.3 Narrow Band IoT Forecasted Market Size by Region (2025-2030)
2.3 Narrow Band IoT Market Dynamics
2.3.1 Narrow Band IoT Industry Trends
2.3.2 Narrow Band IoT Market Drivers
2.3.3 Narrow Band IoT Market Challenges
2.3.4 Narrow Band IoT Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Narrow Band IoT Players by Revenue
3.1.1 Global Top Narrow Band IoT Players by Revenue (2019-2024)
3.1.2 Global Narrow Band IoT Revenue Market Share by Players (2019-2024)
3.2 Global Narrow Band IoT Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Narrow Band IoT Revenue
3.4 Global Narrow Band IoT Market Concentration Ratio
3.4.1 Global Narrow Band IoT Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Narrow Band IoT Revenue in 2023
3.5 Narrow Band IoT Key Players Head office and Area Served
3.6 Key Players Narrow Band IoT Product Solution and Service
3.7 Date of Enter into Narrow Band IoT Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Narrow Band IoT Breakdown Data by Type
4.1 Global Narrow Band IoT Historic Market Size by Type (2019-2024)
4.2 Global Narrow Band IoT Forecasted Market Size by Type (2025-2030)
5 Narrow Band IoT Breakdown Data by Application
5.1 Global Narrow Band IoT Historic Market Size by Application (2019-2024)
5.2 Global Narrow Band IoT Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Narrow Band IoT Market Size (2019-2030)
6.2 North America Narrow Band IoT Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Narrow Band IoT Market Size by Country (2019-2024)
6.4 North America Narrow Band IoT Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Narrow Band IoT Market Size (2019-2030)
7.2 Europe Narrow Band IoT Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Narrow Band IoT Market Size by Country (2019-2024)
7.4 Europe Narrow Band IoT Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Narrow Band IoT Market Size (2019-2030)
8.2 Asia-Pacific Narrow Band IoT Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Narrow Band IoT Market Size by Region (2019-2024)
8.4 Asia-Pacific Narrow Band IoT Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Narrow Band IoT Market Size (2019-2030)
9.2 Latin America Narrow Band IoT Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Narrow Band IoT Market Size by Country (2019-2024)
9.4 Latin America Narrow Band IoT Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Narrow Band IoT Market Size (2019-2030)
10.2 Middle East & Africa Narrow Band IoT Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Narrow Band IoT Market Size by Country (2019-2024)
10.4 Middle East & Africa Narrow Band IoT Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Huawei Technologies (China)
11.1.1 Huawei Technologies (China) Company Detail
11.1.2 Huawei Technologies (China) Business Overview
11.1.3 Huawei Technologies (China) Narrow Band IoT Introduction
11.1.4 Huawei Technologies (China) Revenue in Narrow Band IoT Business (2019-2024)
11.1.5 Huawei Technologies (China) Recent Development
11.2 Vodafone Group (UK)
11.2.1 Vodafone Group (UK) Company Detail
11.2.2 Vodafone Group (UK) Business Overview
11.2.3 Vodafone Group (UK) Narrow Band IoT Introduction
11.2.4 Vodafone Group (UK) Revenue in Narrow Band IoT Business (2019-2024)
11.2.5 Vodafone Group (UK) Recent Development
11.3 Emirates Telecommunications Corporation (UAE)
11.3.1 Emirates Telecommunications Corporation (UAE) Company Detail
11.3.2 Emirates Telecommunications Corporation (UAE) Business Overview
11.3.3 Emirates Telecommunications Corporation (UAE) Narrow Band IoT Introduction
11.3.4 Emirates Telecommunications Corporation (UAE) Revenue in Narrow Band IoT Business (2019-2024)
11.3.5 Emirates Telecommunications Corporation (UAE) Recent Development
11.4 Telecom Italia (Italy)
11.4.1 Telecom Italia (Italy) Company Detail
11.4.2 Telecom Italia (Italy) Business Overview
11.4.3 Telecom Italia (Italy) Narrow Band IoT Introduction
11.4.4 Telecom Italia (Italy) Revenue in Narrow Band IoT Business (2019-2024)
11.4.5 Telecom Italia (Italy) Recent Development
11.5 Qualcomm (US)
11.5.1 Qualcomm (US) Company Detail
11.5.2 Qualcomm (US) Business Overview
11.5.3 Qualcomm (US) Narrow Band IoT Introduction
11.5.4 Qualcomm (US) Revenue in Narrow Band IoT Business (2019-2024)
11.5.5 Qualcomm (US) Recent Development
11.6 China Unicom (China)
11.6.1 China Unicom (China) Company Detail
11.6.2 China Unicom (China) Business Overview
11.6.3 China Unicom (China) Narrow Band IoT Introduction
11.6.4 China Unicom (China) Revenue in Narrow Band IoT Business (2019-2024)
11.6.5 China Unicom (China) Recent Development
11.7 Intel Corporation (US)
11.7.1 Intel Corporation (US) Company Detail
11.7.2 Intel Corporation (US) Business Overview
11.7.3 Intel Corporation (US) Narrow Band IoT Introduction
11.7.4 Intel Corporation (US) Revenue in Narrow Band IoT Business (2019-2024)
11.7.5 Intel Corporation (US) Recent Development
11.8 Ericsson (Sweden)
11.8.1 Ericsson (Sweden) Company Detail
11.8.2 Ericsson (Sweden) Business Overview
11.8.3 Ericsson (Sweden) Narrow Band IoT Introduction
11.8.4 Ericsson (Sweden) Revenue in Narrow Band IoT Business (2019-2024)
11.8.5 Ericsson (Sweden) Recent Development
11.9 Nokia Networks (Finland)
11.9.1 Nokia Networks (Finland) Company Detail
11.9.2 Nokia Networks (Finland) Business Overview
11.9.3 Nokia Networks (Finland) Narrow Band IoT Introduction
11.9.4 Nokia Networks (Finland) Revenue in Narrow Band IoT Business (2019-2024)
11.9.5 Nokia Networks (Finland) Recent Development
11.10 Verizon Communication (US)
11.10.1 Verizon Communication (US) Company Detail
11.10.2 Verizon Communication (US) Business Overview
11.10.3 Verizon Communication (US) Narrow Band IoT Introduction
11.10.4 Verizon Communication (US) Revenue in Narrow Band IoT Business (2019-2024)
11.10.5 Verizon Communication (US) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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