DUBLIN--(BUSINESS WIRE)--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/157adb
