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Market Snapshot

CAGR:7.83

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	7.83

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Report Overview

Narrowband IoT Enterprise Application Market Analysis Report 2023-2032

The Narrowband IoT (NB-IoT) Enterprise Application Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 29.87% from 2022 to 2032. This growth is projected to result in a market size expansion of USD 9,746.23 million. The NB-IoT Enterprise Application industry is driven by several factors, including the rise of Internet of Things (IoT) adoption, the need for efficient and low-power connectivity, and the demand for smart city initiatives.

Narrowband IoT Enterprise Application Market Overview

Drivers

The growth of the NB-IoT Enterprise Application market is driven by the increasing adoption of Internet of Things (IoT) technologies. Businesses recognize the potential of IoT solutions to optimize processes, monitor assets, and collect valuable data for informed decision-making. NB-IoT Enterprise Applications enable organizations to leverage IoT connectivity for various use cases.

Furthermore, the need for efficient and low-power connectivity is a significant driver. Traditional cellular networks are not optimized for the low-power requirements of IoT devices. NB-IoT technology provides a cost-effective and power-efficient solution for connecting a large number of devices over long distances.

Trends

Smart city initiatives and Industrial IoT (IIoT) integration are key trends in the NB-IoT Enterprise Application market. Smart cities leverage NB-IoT technology for applications such as smart street lighting, waste management, environmental monitoring, and asset tracking. These initiatives drive demand for efficient and scalable NB-IoT solutions.

Moreover, IIoT integration allows businesses to enhance operational efficiency and collect real-time data from industrial assets. NB-IoT Enterprise Applications enable remote monitoring, predictive maintenance, and process optimization in industries such as manufacturing, logistics, and agriculture.

Restraints

Interference and network coverage challenges present significant hurdles in the NB-IoT Enterprise Application market. Radio frequency interference can impact the reliability and performance of NB-IoT devices. Organizations must address interference issues to ensure seamless connectivity.

Additionally, network coverage limitations can affect the deployment of NB-IoT solutions. While NB-IoT technology offers extended coverage, some remote areas may still have limited network access, hindering the adoption of certain applications.

Narrowband IoT Enterprise Application Market Segmentation By Application

Among the application segments, the Smart Agriculture segment is expected to witness substantial growth during the forecast period. Smart Agriculture applications leverage NB-IoT technology for precision farming, soil monitoring, livestock tracking, and irrigation management. NB-IoT Enterprise Applications enable data-driven decision-making in agriculture.

Moreover, the Smart Cities segment is also on the rise. Smart city initiatives deploy NB-IoT solutions for applications such as smart parking, waste management, air quality monitoring, and smart lighting. NB-IoT Enterprise Applications contribute to creating efficient and sustainable urban environments.

Narrowband IoT Enterprise Application Market Segmentation By Type

Within the NB-IoT Enterprise Application type segment, the Asset Tracking segment is expected to play a significant role in market growth. Asset Tracking applications use NB-IoT technology to monitor the location, movement, and condition of assets such as vehicles, containers, and equipment.

Additionally, the Environmental Monitoring segment remains relevant. Environmental Monitoring applications deploy NB-IoT sensors for measuring parameters such as air quality, temperature, humidity, and noise levels for urban planning and environmental management.

Regional Overview:

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North America is projected to be a major contributor to the global NB-IoT Enterprise Application market growth, accounting for approximately 40% of the market share during the forecast period. The region's leadership is attributed to the early adoption of IoT technologies, the presence of tech-driven industries, and the focus on smart city initiatives.

Europe also holds a significant share in the NB-IoT Enterprise Application market, driven by the growth of IoT ecosystems, the adoption of sustainable technologies, and the demand for efficient resource management. The Asia-Pacific region is witnessing rapid growth, fueled by the digital transformation of industries, the rise of connected devices, and the need for innovative solutions.

The NB-IoT Enterprise Application market faced disruptions during the COVID-19 pandemic as businesses recalibrated their priorities and invested in technologies that enable remote monitoring, automation, and resource optimization.

Narrowband IoT Enterprise Application Market Customer Landscape

The NB-IoT Enterprise Application market report encompasses an analysis of the customer lifecycle, from early adopters to late adopters. It delves into adoption rates across regions, providing insights into customer penetration. Additionally, the report identifies key purchase criteria and factors influencing price sensitivity, aiding businesses in devising effective growth strategies.

Major Narrowband IoT Enterprise Application Market Companies

Companies in the NB-IoT Enterprise Application market are implementing various strategies to enhance their market presence, including innovation in IoT applications, partnerships, acquisitions, and the development of tailored solutions.

Ericsson AB: Ericsson offers NB-IoT solutions for various industries, enabling efficient connectivity and data exchange for IoT applications. Their offerings include IoT platforms, connectivity solutions, and application development tools.
Huawei Technologies Co. Ltd.: Huawei provides end-to-end NB-IoT solutions that encompass hardware, software, and cloud services. Their portfolio includes NB-IoT modules, gateways, and platform-as-a-service offerings.
Vodafone Group Plc: Vodafone offers NB-IoT connectivity services for businesses seeking to deploy IoT applications. They provide network coverage, data plans, and IoT management platforms.

The competitive landscape analysis in the report offers comprehensive insights into market players, assessing their strengths, weaknesses, and positioning. The qualitative and quantitative data aids in categorizing companies based on their focus and dominance in the market.

Segment Overview

The NB-IoT Enterprise Application market report forecasts revenue growth at global, regional, and country levels and provides a comprehensive analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Smart Agriculture
Smart Cities
Industrial IoT (IIoT)
Healthcare
Logistics
Others

Type Outlook (USD Million, 2019 - 2032)

Asset Tracking
Environmental Monitoring
Smart Metering
Wearables
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

South America

Brazil
Argentina
Chile
Rest of South America

Middle East & Africa

United Arab Emirates
South Africa
Saudi Arabia
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Narrowband IoT Enterprise Application MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Narrowband IoT Enterprise Application MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Narrowband IoT Enterprise Application Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Narrowband IoT Enterprise Application MARKET BY Enterprise size SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Small and Medium Enterprises

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Large Enterprises

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Narrowband IoT Enterprise Application MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Smart Metering

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Smart Asset Tracking

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Smart Governance

6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5 Facility Management Services

6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Narrowband IoT Enterprise Application MARKET REGIONAL OUTLOOK

7.1. Narrowband IoT Enterprise Application Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Narrowband IoT Enterprise Application Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Narrowband IoT Enterprise Application Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Narrowband IoT Enterprise Application Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Vodafone Group PLC

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 AT&T

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Telstra Corporation Limited

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Telefonica S.A

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Deutsche Telekom AG

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Narrowband Iot Enterprise Application Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032