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Narrowband IoT Market Report - Global Forecast to 2026

The Global NarrowBand IoT market is anticipated to grow with a CAGR of 66.61% during the forecast period of 2018-2026. <br>

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Narrowband IoT Market Report - Global Forecast to 2026

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  1. GLOBAL NARROWBAND IoT MARKET FORECAST2018-2026

  2. The Global NarrowBandIoT market is anticipated to grow with a CAGR of 66.61% during the forecast period of 2018-2026 • The rising Internet penetration across the world, increased demand across industrial and commercial applications and technological development are some of the major factors responsible for the growth of narrowband IoT market. • The increasing acceptance of smart technology is presenting a major opportunity for the market to expand.

  3. Nowadays, IoT devices are deployed in both commercial & residential buildings to make energy & resource allocation more efficient with enhanced security. • Narrowband IoT helps in efficient deployment of the IoT devices by providing an affordable data transmission network. • The building automation market is primarily driven by high investment in the smart city development wherein the IoT is expected to play an important role. Global Smart Cities Primer Picks, Bank of America Merrill Lynch (BAML) anticipates smart city technology & management investment to reach more than $XX trillion by 2020 globally, which further would rise to $XX trillion by 2026. • Though the overall narrowband IoT market has numerous growth drivers, the market growth is curtailed by certain challenges. Competition from rival LPWAN technologies, low data transmission speed, & security & privacy concerns, are hindering the market growth.

  4. “The Global NarrowBandIoT market is anticipated to grow with a CAGR of 66.61% during the forecast period of 2018-2026.”

  5. North America NarrowBandIoT market is estimated to grow with an anticipated CAGR of 67.06% over the forecast period of 2018-2026.

  6. The European narrowband IOT market accounted for the highest revenue share in 2017. Over the forecast period of 2018-2026, the market is slated to rise with a 65.41% CAGR.

  7. The Asia Pacific Narrowband IoT Market is forecasted to progress with a CAGR of 68.79%, the highest for any regional Narrowband IoT Market, over the estimated period of 2018-2026.

  8. The major players in the global narrowband IOT market are Qualcomm Incorporated, Ericsson, Verizon Communications Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, AT&T Inc., Sprint Corporation, U-Blox AG, Arm Holdings PLC, Telit Communications PLC, CommSolid GmbH (acquired by Goodix), Huawei Technologies Co. Ltd., T-Mobile, Vodafone Group PLC, and Intel Corporation.

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