Private narrowband IoT is a low power wide area technology, which is developed to allow an extensive range of new IoT devices and services. The private narrowband IoT improves power consumption of user devices, system capacity, and spectrum efficiency. In recent years, mobile operators have been deploying network capabilities enabling narrowband-IoT coverage for their customers, which boosts the market growth. NB-IOT are deployed for a number of applications including smart metering (water, electricity and gas), intruder, and fire alarms for commercial properties, facility management services, tracking of people, animals, or objects. Private NB-IoT offers extended coverage and higher security over its substitutes, which fuels growth of the market.
This report contains market size and forecasts of Private Narrowband IoT in Global, including the following market information:
Global Private Narrowband IoT Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Private Narrowband IoT market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Guard-Band Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Private Narrowband IoT include Altair Semiconductor, AT&T, Cellco Partnership (Verizon Wireless), Huawei Technologies Co., Ltd.,Intel Corporation, MediaTek Inc., Nokia, Sequans, Telefonaktiebolaget LM Ericsson and T-Mobile US, Inc., etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Private Narrowband IoT companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Private Narrowband IoT Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Private Narrowband IoT Market Segment Percentages, by Type, 2021 (%)
Guard-Band
In-Band
Standalone
Global Private Narrowband IoT Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Private Narrowband IoT Market Segment Percentages, by Application, 2021 (%)
Smart Meter
Smart Lighting
Smart Parking
Alarm and Detector
Others
Global Private Narrowband IoT Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Private Narrowband IoT Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Private Narrowband IoT revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Private Narrowband IoT revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Altair Semiconductor
AT&T
Cellco Partnership (Verizon Wireless)
Huawei Technologies Co.
Ltd.,Intel Corporation
MediaTek Inc.
Nokia, Sequans
Telefonaktiebolaget LM Ericsson
T-Mobile US, Inc.
Vodafone Group PLC
Qualcomm Technologies, Inc.