Narrowband internet of things is a developing technology that is advancing to overcome contingencies that future cellular internet of things might face. The increasing connectivity of smart devices have become one of the key factors for the growth of global narrowband internet of things market. The global narrowband internet of things market is anticipated to grow with an impressive CAGR of 61.5% during the forecast period 2016-2023. Increasing demand for long range connectivity, increasing acceptance of internet of things, requirement for low cost and low power connectivity technology, need for smart network bandwidth management, rising dispersion of smart connected devices and increasing acceptance of cloud are some of the major drivers which help to enhance the global narrowband internet of things market. Factors impacting the growth of global narrow band internet of things market include:
- Increasing acceptance of IOT
- Increasing demand for long range connectivity
- Requirement for low cost and low power connectivity technology
- Requirement for smart network bandwidth management
- Rising dispersion of smart connected devices
- Increasing acceptance of TELCO cloud
Narrowband technology improves indoor coverage, reduces device cost, enhances network architecture, consumes low power, and allows multiple devices connectivity. The developing ecosystem of internet of things is the key factor prompting the growth of global narrowband internet of things market. Numerous IoT developments, technological advancements and the swift escalation of smart devices, cloud based software and apps are also contributing to the growth of the market. The consumer acceptance of connected network devices such as smart home appliances and wearable technology is growing day by day and around 30% of the consumers have already or are planning to adopt the narrowband internet of things devices.
The low data transmission speed, security and privacy concerns are some of the reasons hampering the growth of global narrowband Internet of things market. The long tail ecosystem containing module, application platform and device is the one of the major challenges for global narrowband internet of thing market. Rising acceptance of smart technology allows telecom operators to create huge opportunities for the forecast period in global narrowband internet of things market. However, poor security, poor reliability, high maintenance and high operational cost are some of the factors restraining the growth of global narrowband internet of things market.
Source: OBRC Analysis
The global narrowband internet of things market is segmented into deployment, devices, and end user. On the basis of deployment, the global narrowband internet of things market is sub segmented into:
- Guard band
- In-band
- Standalone
On the basis of end user, the market is sub segmented into:
- Agriculture
- Automotive & transportation
- Building automation
- Energy
- Healthcare
- Infrastructure
- Retail
- Safety & security
On the basis of device, the market is sub segmented into:
- Alarms & detectors
- Smart appliances
- Smart meters
- Trackers
- Wearable devices
The revenue for the above industrial end users are specific to global narrowband internet of things market. However, the total revenue of these end-users in general have been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up devices and deployment segments.
Geographically, the global narrowband internet of things market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America dominates the global narrowband internet of things market due to the increasing technological innovations done by the big market players such as Verizon communication and AT&T. The Asia Pacific narrowband internet of thing market is expected to register high growth rate during the forecast period 2016-2023. The growth in Asia Pacific region is majorly driven by the rise in dispersion of the smart or connected devices, increasing demand for smart technology and low cost smart sensors across various end user applications.
Global narrowband internet of things market is segmented on the basis of deployment, devices, end user application. The end user segment of global narrowband internet of things market is further segmented into agriculture, automotive & transportation, building automation, energy, healthcare, infrastructure, manufacturing, retail, safety & security and others. The device segment is further segmented into alarms & detectors, smart appliances, smart meters, trackers, wearable devices and others. The deployment segment of global narrowband internet of things market is further segmented into guard band, in-band and standalone.
The major market players of the global narrowband internet of things market are:
- AT&T
- COMMSOLID GMBH
- ERICSSON
- IBM
- HUAWEI TECHNOLOGIES CO. LTD.
- INTEL CORPORATION
- MICROSOFT
- MISTBASE COMMUNICATION SYSTEM
- QUALCOMM INCORPORATED
- SAMSUNG ELECTRONICS
- VERIZON COMMUNICATIONS
- VODAFONE GROUP PLC.
- OTHERS
Detailed analysis of these companies provided in this report comprises overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launching. Example: In June 2016, Huawei launched end to end NB-IOT solutions to assist global operators in expanding their IoT services in emerging new markets. NB-IOT Solution comprised of smart device solution. With the help of this product launch Huawei was able to deliver business support services and comprehensive technologies for the forthcoming commercialization of IoT at large scale. Along with tracking developing leading solutions and technological upgradations, Huawei actively set up a strong NB-IoT ecosystem to flourish the IoT industry.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as product launch as in June 2016 Huawei launched end to end NB-IOT solutions.
- Provide in detail the different segments such as deployment, end-users and device which affect the global narrowband internet of things market.
- Provide you the patent analysis of global narrowband internet of things market.
- Identify and understand the strengths, opportunities, challenges and threats of global narrowband internet of things market.
- Provide revenues of major players of the market such as Huawei Technologies Co. Ltd., Intel Corporation.
- Provide you the various regulatory policies which affect the global narrowband internet of things market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global narrowband internet of things market offers the longest chain of market segmentation covering major market segmentation based on deployment, devices end users. The report tracks the major market trends of global narrowband internet of things market such as increasing expansion of smarter low cost sensors and developing ecosystem of internet of things. For each market segments covered in global narrowband internet of things market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the narrowband internet of things industry, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360 degree analysis, See Saw analysis, and Porter five force model and so on. For the high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global narrowband internet of things market.
- North America dominates the global narrowband internet of things market.
- Product launch is the key strategy adopted by the various market players of global narrowband internet of things market.
- Automotive sector is the major segment of end-user.