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Narrow Band IoT-Global Market Insights and Sales Trends 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 size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Narrow Band IoT in various end use industries. The expanding demands from the Agriculture, Automotive & Transportation, Energy and HealthCare, are propelling Narrow Band IoT market. In-Band, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Guard Band segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Narrow Band IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Narrow Band IoT market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Narrow Band IoT market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Narrow Band IoT sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Narrow Band IoT covered in this report include Huawei Technologies (China), Vodafone Group (UK), Emirates Telecommunications Corporation (UAE), Telecom Italia (Italy), Qualcomm (US), China Unicom (China), Intel Corporation (US), Ericsson (Sweden) and Nokia Networks (Finland), etc.
The global Narrow Band IoT market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Narrow Band IoT market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Narrow Band IoT market, Segment by Type:
In-Band
Guard Band
Standalone
Global Narrow Band IoT market, by Application
Agriculture
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Narrow Band IoT companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
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 size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Narrow Band IoT in various end use industries. The expanding demands from the Agriculture, Automotive & Transportation, Energy and HealthCare, are propelling Narrow Band IoT market. In-Band, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Guard Band segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Narrow Band IoT, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Narrow Band IoT market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Narrow Band IoT market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Narrow Band IoT sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Narrow Band IoT covered in this report include Huawei Technologies (China), Vodafone Group (UK), Emirates Telecommunications Corporation (UAE), Telecom Italia (Italy), Qualcomm (US), China Unicom (China), Intel Corporation (US), Ericsson (Sweden) and Nokia Networks (Finland), etc.
The global Narrow Band IoT market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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)
Global Narrow Band IoT market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Narrow Band IoT market, Segment by Type:
In-Band
Guard Band
Standalone
Global Narrow Band IoT market, by Application
Agriculture
Automotive & Transportation
Energy
HealthCare
Manufacturing
Retail
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Narrow Band IoT companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Narrow Band IoT
1.1 Narrow Band IoT Market Overview
1.1.1 Narrow Band IoT Product Scope
1.1.2 Narrow Band IoT Market Status and Outlook
1.2 Global Narrow Band IoT Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Narrow Band IoT Market Size by Region (2018-2029)
1.4 Global Narrow Band IoT Historic Market Size by Region (2018-2023)
1.5 Global Narrow Band IoT Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Narrow Band IoT Market Size (2018-2029)
1.6.1 North America Narrow Band IoT Market Size (2018-2029)
1.6.2 Europe Narrow Band IoT Market Size (2018-2029)
1.6.3 Asia-Pacific Narrow Band IoT Market Size (2018-2029)
1.6.4 Latin America Narrow Band IoT Market Size (2018-2029)
1.6.5 Middle East & Africa Narrow Band IoT Market Size (2018-2029)
2 Narrow Band IoT Market by Type
2.1 Introduction
2.1.1 In-Band
2.1.2 Guard Band
2.1.3 Standalone
2.2 Global Narrow Band IoT Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Narrow Band IoT Historic Market Size by Type (2018-2023)
2.2.2 Global Narrow Band IoT Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Narrow Band IoT Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Narrow Band IoT Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Narrow Band IoT Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Narrow Band IoT Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Narrow Band IoT Revenue Breakdown by Type (2018-2029)
3 Narrow Band IoT Market Overview by Application
3.1 Introduction
3.1.1 Agriculture
3.1.2 Automotive & Transportation
3.1.3 Energy
3.1.4 HealthCare
3.1.5 Manufacturing
3.1.6 Retail
3.1.7 Others
3.2 Global Narrow Band IoT Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Narrow Band IoT Historic Market Size by Application (2018-2023)
3.2.2 Global Narrow Band IoT Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Narrow Band IoT Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Narrow Band IoT Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Narrow Band IoT Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Narrow Band IoT Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Narrow Band IoT Revenue Breakdown by Application (2018-2029)
4 Narrow Band IoT Competition Analysis by Players
4.1 Global Narrow Band IoT Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Narrow Band IoT as of 2022)
4.3 Date of Key Players Enter into Narrow Band IoT Market
4.4 Global Top Players Narrow Band IoT Headquarters and Area Served
4.5 Key Players Narrow Band IoT Product Solution and Service
4.6 Competitive Status
4.6.1 Narrow Band IoT Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Huawei Technologies (China)
5.1.1 Huawei Technologies (China) Profile
5.1.2 Huawei Technologies (China) Main Business
5.1.3 Huawei Technologies (China) Narrow Band IoT Products, Services and Solutions
5.1.4 Huawei Technologies (China) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.1.5 Huawei Technologies (China) Recent Developments
5.2 Vodafone Group (UK)
5.2.1 Vodafone Group (UK) Profile
5.2.2 Vodafone Group (UK) Main Business
5.2.3 Vodafone Group (UK) Narrow Band IoT Products, Services and Solutions
5.2.4 Vodafone Group (UK) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.2.5 Vodafone Group (UK) Recent Developments
5.3 Emirates Telecommunications Corporation (UAE)
5.3.1 Emirates Telecommunications Corporation (UAE) Profile
5.3.2 Emirates Telecommunications Corporation (UAE) Main Business
5.3.3 Emirates Telecommunications Corporation (UAE) Narrow Band IoT Products, Services and Solutions
5.3.4 Emirates Telecommunications Corporation (UAE) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.3.5 Telecom Italia (Italy) Recent Developments
5.4 Telecom Italia (Italy)
5.4.1 Telecom Italia (Italy) Profile
5.4.2 Telecom Italia (Italy) Main Business
5.4.3 Telecom Italia (Italy) Narrow Band IoT Products, Services and Solutions
5.4.4 Telecom Italia (Italy) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.4.5 Telecom Italia (Italy) Recent Developments
5.5 Qualcomm (US)
5.5.1 Qualcomm (US) Profile
5.5.2 Qualcomm (US) Main Business
5.5.3 Qualcomm (US) Narrow Band IoT Products, Services and Solutions
5.5.4 Qualcomm (US) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.5.5 Qualcomm (US) Recent Developments
5.6 China Unicom (China)
5.6.1 China Unicom (China) Profile
5.6.2 China Unicom (China) Main Business
5.6.3 China Unicom (China) Narrow Band IoT Products, Services and Solutions
5.6.4 China Unicom (China) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.6.5 China Unicom (China) Recent Developments
5.7 Intel Corporation (US)
5.7.1 Intel Corporation (US) Profile
5.7.2 Intel Corporation (US) Main Business
5.7.3 Intel Corporation (US) Narrow Band IoT Products, Services and Solutions
5.7.4 Intel Corporation (US) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.7.5 Intel Corporation (US) Recent Developments
5.8 Ericsson (Sweden)
5.8.1 Ericsson (Sweden) Profile
5.8.2 Ericsson (Sweden) Main Business
5.8.3 Ericsson (Sweden) Narrow Band IoT Products, Services and Solutions
5.8.4 Ericsson (Sweden) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.8.5 Ericsson (Sweden) Recent Developments
5.9 Nokia Networks (Finland)
5.9.1 Nokia Networks (Finland) Profile
5.9.2 Nokia Networks (Finland) Main Business
5.9.3 Nokia Networks (Finland) Narrow Band IoT Products, Services and Solutions
5.9.4 Nokia Networks (Finland) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.9.5 Nokia Networks (Finland) Recent Developments
5.10 Verizon Communication (US)
5.10.1 Verizon Communication (US) Profile
5.10.2 Verizon Communication (US) Main Business
5.10.3 Verizon Communication (US) Narrow Band IoT Products, Services and Solutions
5.10.4 Verizon Communication (US) Narrow Band IoT Revenue (US$ Million) & (2018-2023)
5.10.5 Verizon Communication (US) Recent Developments
6 North America
6.1 North America Narrow Band IoT Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Narrow Band IoT Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Narrow Band IoT Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Narrow Band IoT Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Narrow Band IoT Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Narrow Band IoT Market Dynamics
11.1 Narrow Band IoT Industry Trends
11.2 Narrow Band IoT Market Drivers
11.3 Narrow Band IoT Market Challenges
11.4 Narrow Band IoT Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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