Narrowband IoT Market Report - Global Forecast to 2026

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GLOBAL NARROWBAND IoT MARKET
FORECAST 2018-2026
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• The Global NarrowBand IoT 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.

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• 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.

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The Global NarrowBand IoT market is anticipated
to grow with a CAGR of 66.61 during the forecast
period of 2018-2026.
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North America NarrowBand IoT market is estimated
to grow with an anticipated CAGR of 67.06 over
the forecast period of 2018-2026.
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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.
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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.
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The major players in the global narrowband IOT
market are Qualcomm Incorporated, Ericsson,
Verizon Communications Inc., Samsung Electronics
Co. Ltd., Microsoft Corporation, ATT 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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