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Global Narrowband IoT Market Analysis & Trends, 2019-2025

DUBLIN, Oct. 11, 2019 /PRNewswire/ -- The "Narrowband IoT (NB-IoT) - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Narrowband IoT (NB-IoT) market worldwide is projected to grow by US$838.6 Million, driven by a compounded growth of 32.2%.

Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 34.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$484.5 Million by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 36.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$25 Million to the region's size and clout in the next 5 to 6 years. Over US$39 Million worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Hardware will reach a market size of US$35.7 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 30.7% over the next couple of years and add approximately US$137.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • Commsolid GmbH
  • Ericsson AB
  • Huawei Technologies Co., Ltd.
  • Intel Corporation
  • Nokia Corporation
  • Qualcomm, Inc.
  • Samsung Electronics Co., Ltd.
  • Sequans Communications SA
  • u-blox Holding AG
  • Verizon Communications, Inc.
  • Vodafone Group PLC

For more information about this report visit https://www.researchandmarkets.com/r/2qjo9i

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SOURCE Research and Markets

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