Private Narrowband IoT Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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

•   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.

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.

•   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
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Private Narrowband IoT Report Scope