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Global Narrowband IoT (NB-IoT) Market Research Report 2025
Synopsis
Growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals is expected to drive the overall market.
The global Narrowband IoT (NB-IoT) market was valued at US$ 213.1 million in 2023 and is anticipated to reach US$ 1225.9 million by 2030, witnessing a CAGR of 27.8% 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 Narrowband IoT (NB-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 Narrowband IoT (NB-IoT).
Report Scope
The Narrowband IoT (NB-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 Narrowband IoT (NB-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 Narrowband IoT (NB-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
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom
Segment by Type
Professional Services
Management Services
Segment by Application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other
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 Narrowband IoT (NB-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.
Growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals is expected to drive the overall market.
The global Narrowband IoT (NB-IoT) market was valued at US$ 213.1 million in 2023 and is anticipated to reach US$ 1225.9 million by 2030, witnessing a CAGR of 27.8% 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 Narrowband IoT (NB-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 Narrowband IoT (NB-IoT).
Report Scope
The Narrowband IoT (NB-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 Narrowband IoT (NB-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 Narrowband IoT (NB-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
Vodafone
China Unicom
China Telecom
AT&T
Etisalat
Telstra
Orange
Telefonica
SK Telecom
Deutsche Telekom
Segment by Type
Professional Services
Management Services
Segment by Application
Agricultural
Logistics
Health Care
Industrial Production
Energy, Utilities
Retail
Other
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 Narrowband IoT (NB-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 Narrowband IoT (NB-IoT) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Professional Services
1.2.3 Management Services
1.3 Market by Application
1.3.1 Global Narrowband IoT (NB-IoT) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Agricultural
1.3.3 Logistics
1.3.4 Health Care
1.3.5 Industrial Production
1.3.6 Energy, Utilities
1.3.7 Retail
1.3.8 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Narrowband IoT (NB-IoT) Market Perspective (2019-2030)
2.2 Narrowband IoT (NB-IoT) Growth Trends by Region
2.2.1 Global Narrowband IoT (NB-IoT) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Narrowband IoT (NB-IoT) Historic Market Size by Region (2019-2024)
2.2.3 Narrowband IoT (NB-IoT) Forecasted Market Size by Region (2025-2030)
2.3 Narrowband IoT (NB-IoT) Market Dynamics
2.3.1 Narrowband IoT (NB-IoT) Industry Trends
2.3.2 Narrowband IoT (NB-IoT) Market Drivers
2.3.3 Narrowband IoT (NB-IoT) Market Challenges
2.3.4 Narrowband IoT (NB-IoT) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Narrowband IoT (NB-IoT) Players by Revenue
3.1.1 Global Top Narrowband IoT (NB-IoT) Players by Revenue (2019-2024)
3.1.2 Global Narrowband IoT (NB-IoT) Revenue Market Share by Players (2019-2024)
3.2 Global Narrowband IoT (NB-IoT) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Narrowband IoT (NB-IoT) Revenue
3.4 Global Narrowband IoT (NB-IoT) Market Concentration Ratio
3.4.1 Global Narrowband IoT (NB-IoT) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Narrowband IoT (NB-IoT) Revenue in 2023
3.5 Narrowband IoT (NB-IoT) Key Players Head office and Area Served
3.6 Key Players Narrowband IoT (NB-IoT) Product Solution and Service
3.7 Date of Enter into Narrowband IoT (NB-IoT) Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Narrowband IoT (NB-IoT) Breakdown Data by Type
4.1 Global Narrowband IoT (NB-IoT) Historic Market Size by Type (2019-2024)
4.2 Global Narrowband IoT (NB-IoT) Forecasted Market Size by Type (2025-2030)
5 Narrowband IoT (NB-IoT) Breakdown Data by Application
5.1 Global Narrowband IoT (NB-IoT) Historic Market Size by Application (2019-2024)
5.2 Global Narrowband IoT (NB-IoT) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Narrowband IoT (NB-IoT) Market Size (2019-2030)
6.2 North America Narrowband IoT (NB-IoT) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Narrowband IoT (NB-IoT) Market Size by Country (2019-2024)
6.4 North America Narrowband IoT (NB-IoT) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Narrowband IoT (NB-IoT) Market Size (2019-2030)
7.2 Europe Narrowband IoT (NB-IoT) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Narrowband IoT (NB-IoT) Market Size by Country (2019-2024)
7.4 Europe Narrowband IoT (NB-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 Narrowband IoT (NB-IoT) Market Size (2019-2030)
8.2 Asia-Pacific Narrowband IoT (NB-IoT) Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Narrowband IoT (NB-IoT) Market Size by Region (2019-2024)
8.4 Asia-Pacific Narrowband IoT (NB-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 Narrowband IoT (NB-IoT) Market Size (2019-2030)
9.2 Latin America Narrowband IoT (NB-IoT) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Narrowband IoT (NB-IoT) Market Size by Country (2019-2024)
9.4 Latin America Narrowband IoT (NB-IoT) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Narrowband IoT (NB-IoT) Market Size (2019-2030)
10.2 Middle East & Africa Narrowband IoT (NB-IoT) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Narrowband IoT (NB-IoT) Market Size by Country (2019-2024)
10.4 Middle East & Africa Narrowband IoT (NB-IoT) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Vodafone
11.1.1 Vodafone Company Detail
11.1.2 Vodafone Business Overview
11.1.3 Vodafone Narrowband IoT (NB-IoT) Introduction
11.1.4 Vodafone Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.1.5 Vodafone Recent Development
11.2 China Unicom
11.2.1 China Unicom Company Detail
11.2.2 China Unicom Business Overview
11.2.3 China Unicom Narrowband IoT (NB-IoT) Introduction
11.2.4 China Unicom Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.2.5 China Unicom Recent Development
11.3 China Telecom
11.3.1 China Telecom Company Detail
11.3.2 China Telecom Business Overview
11.3.3 China Telecom Narrowband IoT (NB-IoT) Introduction
11.3.4 China Telecom Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.3.5 China Telecom Recent Development
11.4 AT&T
11.4.1 AT&T Company Detail
11.4.2 AT&T Business Overview
11.4.3 AT&T Narrowband IoT (NB-IoT) Introduction
11.4.4 AT&T Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.4.5 AT&T Recent Development
11.5 Etisalat
11.5.1 Etisalat Company Detail
11.5.2 Etisalat Business Overview
11.5.3 Etisalat Narrowband IoT (NB-IoT) Introduction
11.5.4 Etisalat Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.5.5 Etisalat Recent Development
11.6 Telstra
11.6.1 Telstra Company Detail
11.6.2 Telstra Business Overview
11.6.3 Telstra Narrowband IoT (NB-IoT) Introduction
11.6.4 Telstra Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.6.5 Telstra Recent Development
11.7 Orange
11.7.1 Orange Company Detail
11.7.2 Orange Business Overview
11.7.3 Orange Narrowband IoT (NB-IoT) Introduction
11.7.4 Orange Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.7.5 Orange Recent Development
11.8 Telefonica
11.8.1 Telefonica Company Detail
11.8.2 Telefonica Business Overview
11.8.3 Telefonica Narrowband IoT (NB-IoT) Introduction
11.8.4 Telefonica Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.8.5 Telefonica Recent Development
11.9 SK Telecom
11.9.1 SK Telecom Company Detail
11.9.2 SK Telecom Business Overview
11.9.3 SK Telecom Narrowband IoT (NB-IoT) Introduction
11.9.4 SK Telecom Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.9.5 SK Telecom Recent Development
11.10 Deutsche Telekom
11.10.1 Deutsche Telekom Company Detail
11.10.2 Deutsche Telekom Business Overview
11.10.3 Deutsche Telekom Narrowband IoT (NB-IoT) Introduction
11.10.4 Deutsche Telekom Revenue in Narrowband IoT (NB-IoT) Business (2019-2024)
11.10.5 Deutsche Telekom 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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