Narrowband IoT (NB-IoT) Market Worth $181.02 Million by 2022 - Long Range Connectivity is Driving Growth - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Narrowband IoT Market - Global Forecast to 2022" report to their offering.

The narrowband IoT market is estimated to be valued at USD 16.7 million in 2017 and is expected to reach USD 181.02 million by 2022, growing at a CAGR of 61.06% during the forecast period. Long range connectivity and capability of consuming less power is expected to drive the demand for NB-IoT market. However, low-speed data transmission and privacy & security concerns are expected to restrict the growth of NB-IoT market.

Trackers are expected to grow at the highest rate for the NB-IoT market during the forecast period. The narrowband IoT applications for tracking include logistic tracking, asset tracking, and pet tracking. Tracking devices are widely used by automotive & shipping industry to identify the status of their vehicles and shipping containers. Due to increasing fraudulent activities such as theft, missing shipments, and so on, the companies are using tracking device to get the real-time location of their vehicles and shipments.

Automotive & transportation is expected to grow at the highest CAGR between 2017 and 2022. The increasing demand for in-car infotainment, telematics, and navigation drives the growth of NB-IoT in automotive & transportation market.

NB-IoT would enable real-time collection of massive data from vehicles, drivers, pedestrians, road sensors, and cameras to help streamline the flow of the traffic. It can help optimize traffic lights and road usage, direct public transportation to where it is needed most, navigate vehicles to avoid congestion, and raise tolls to limit traffic entering a congestion zone.

Companies Mentioned:

  • Commsolid GmbH
  • Ericsson
  • Huawei Technologies Co. Ltd.
  • Intel Corporation
  • Mistbase Communication System
  • Nokia Corporation
  • Qualcomm Incorporated
  • Samsung Electronics
  • Sequans Communications S.A.
  • U-Blox Holding AG
  • Verizon Communications
  • Vodafone Group PLC

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 NB-IoT Market, By Offering

7 NB-IoT Market, By Deployment Type

8 NB-IoT Market, By Device

9 NB-IoT Market, By End-Use Application

10 Geographical Analysis ica

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/rm2scj/narrowband_iot

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Internet of Things and M2M

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Internet of Things and M2M