Private Narrowband IoT Market Insights and Growth by 2031
MARKET OVERVIEW
Private narrowband IoT is a low-power wide-area network technology that is being developed to enable a wide range of new IoT devices and services. The private narrowband IoT reduces user device power consumption, increases system capacity, and enhances spectrum efficiency. Mobile operators have been deploying network capabilities that enable narrowband-IoT coverage for their consumers in recent years, which has boosted industry growth. Smart metering (water, electricity, and gas), intruder and fire alarms for commercial properties, facility management services, and tracking of people, animals, or objects are just a few of the applications for NB-IOT. Private NB-IoT provides greater coverage and security than its competitors, fueling industry growth.
MARKET SCOPE
The "Global Private narrowband IOT Market Analysis to 2031" is a specialized and in-depth study of the private narrowband IOT market with a special focus on the global market trend analysis. The report aims to provide an overview of private narrowband IOT market with detailed market segmentation by device type, industry vertical, and geography. The global private narrowband IOT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading private narrowband IOT market players and offers key trends and opportunities in the private narrowband IOT market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers:
Restraints:
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The private narrowband IOT market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the private narrowband IOT market in these regions.
IMPACT OF COVID-19 ON PRIVATE NARROWBAND IOT MARKET
The demand for private narrow band IoT solutions is anticipated to decline in the COVID-19 period, owing to recent government regulations. However, once the situation gets better and economy gets back on track, it is expected that the demand for NB-IoT would grow during the forecast period. The healthcare segment is expected to witness demand for NB-IoT solutions as these are also deployed in personal appliances measuring health parameters.
By Device Type
By Industry Vertical
MARKET PLAYERS
The report covers key developments in the private narrowband IOT market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from IOT in warehousemarket market are anticipated to lucrative growth opportunities in the future with the rising demand for private narrowband iot market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the private narrowband IOT market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Private narrowband IoT is a low-power wide-area network technology that is being developed to enable a wide range of new IoT devices and services. The private narrowband IoT reduces user device power consumption, increases system capacity, and enhances spectrum efficiency. Mobile operators have been deploying network capabilities that enable narrowband-IoT coverage for their consumers in recent years, which has boosted industry growth. Smart metering (water, electricity, and gas), intruder and fire alarms for commercial properties, facility management services, and tracking of people, animals, or objects are just a few of the applications for NB-IOT. Private NB-IoT provides greater coverage and security than its competitors, fueling industry growth.
MARKET SCOPE
The "Global Private narrowband IOT Market Analysis to 2031" is a specialized and in-depth study of the private narrowband IOT market with a special focus on the global market trend analysis. The report aims to provide an overview of private narrowband IOT market with detailed market segmentation by device type, industry vertical, and geography. The global private narrowband IOT market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading private narrowband IOT market players and offers key trends and opportunities in the private narrowband IOT market.
MARKET SEGMENTATION
- The global private narrowband IOT market is segmented on the basis device type, industry vertical.
- On the basis of device type, the market is segmented as smart meter, smart lightning, smart parking, alarm & detector, and others.
- On the basis of industry vertical the market is segmented into healthcare, infrastructure, agriculture, automotive, energy & utilities, manufacturing, consumer electronics, and others.
MARKET DYNAMICS
Drivers:
- Growing market in Asia-Pacific.
- Growth in commercial projects in developing economies.
Restraints:
- Low speed data transmission applications and privacy & security concerns.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The private narrowband IOT market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the private narrowband IOT market in these regions.
IMPACT OF COVID-19 ON PRIVATE NARROWBAND IOT MARKET
The demand for private narrow band IoT solutions is anticipated to decline in the COVID-19 period, owing to recent government regulations. However, once the situation gets better and economy gets back on track, it is expected that the demand for NB-IoT would grow during the forecast period. The healthcare segment is expected to witness demand for NB-IoT solutions as these are also deployed in personal appliances measuring health parameters.
Private Narrowband IoT Market Report Analysis
Private Narrowband IoT Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Altair Semiconductor
- AT and T
- Cellco Partnership Verizon Wireless
- Huawei Technologies Co Ltd
- Intel Corporation
- MediaTek Inc
- Nokia
- Sequans
- Telefonaktiebolaget LM Ericsson
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Device Type
- Smart Meter
- Smart Lightning
- Smart Parking
- Alarm and Detector
By Industry Vertical
- Healthcare
- Infrastructure
- Agriculture
- Automotive
- Energy and Utilities
- Manufacturing
- Consumer Electronics
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
The report covers key developments in the private narrowband IOT market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from IOT in warehousemarket market are anticipated to lucrative growth opportunities in the future with the rising demand for private narrowband iot market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the private narrowband IOT market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Altair Semiconductor
- AT&T
- Cellco Partnership (Verizon Wireless)
- Huawei Technologies Co., Ltd.
- Intel Corporation
- MediaTek Inc.
- Nokia
- Sequans
- T-Mobile US, Inc.
- Vodafone Group PLC
Private Narrowband IoT Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Device Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
1.Altair Semiconductor
2.AT and T
3.Cellco Partnership (Verizon Wireless)
4.Huawei Technologies Co., Ltd.
5.Intel Corporation
6.MediaTek Inc.
7.Nokia
8.Sequans
9.Telefonaktiebolaget LM Ericsson
10.Vodafone Group PLC
1.Altair Semiconductor
2.AT and T
3.Cellco Partnership (Verizon Wireless)
4.Huawei Technologies Co., Ltd.
5.Intel Corporation
6.MediaTek Inc.
7.Nokia
8.Sequans
9.Telefonaktiebolaget LM Ericsson
10.Vodafone Group PLC
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