Narrowband IoT (NB-IoT) Market
                     Narrowband 
IoT (NB-IoT) 
Market to 
Reach USD 
200.04 Million 
By 2026
Market 
Summary
Increasing application of IoT and rise in demand of network-enabled 
devices is fueling the market.
Market Size – USD 16.9 million in 2018, Market Growth - CAGR of 25.9%, 
Market Trends – Growth in IoT applications 
The global Narrowband IoT (NB-IoT) market is expected to reach USD 200.04 million by 2026, according to 
a new report by Reports and Data. Currently LPWA i.e. low powered wide area wireless technology exists. 
They are non-standardized, fragmented and operational cost is high. The NB-IoT is projected to overcome 
these shortcomings and can highly reliable with low operational cost and also consume less power. NB-IoT 
operates on licensed spectrum that provides reliable and secure connectivity meanwhile assuring quality in 
service.
Market 
Summary
NB-IoT provides some benefits such as reliability, wider deployment, power efficiency cost savings and global 
reach. It also improves the consumption power in user devices, system capacity and spectrum efficiency. It is 
also supported by all major mobile equipment and can co-exist with 2G, 3G and 4G networks as well. It also 
provides secure and provides privacy features. However, low speed and data security concern is hindering 
the growth of the market.
North America will dominate the NB-IoT market. The U.S invest heavily into the R&D for the growth of the 
market. Government of U.S. is implementing IoT under the scheme “Smart America” across infrastructure and 
utilities. This is driving the NB-IoT market further. Deployment of smart infrastructure and smart city 
program in China, Japan and India is fueling the market in APAC region as well.
Request a sample of the Narrowband IoT (NB-IoT) Market report @ https://
www.reportsanddata.com/sample-enquiry-form/1201
Market 
Summary
Key market players include
Ericsson, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Vodafone Group PLC, Nokia Networks, 
CommSolid GmBH, MistBase AB, Samsung Group, Intel Corporation, Verizon Communication, U-Blox Holding 
AG are among many others.
Offering Outlook (Revenue, USD Million; 2018-2026)
• Hardware
• Software
• Services
Deployment Outlook (Revenue, USD Million; 2018-2026)
• Soil Standalone
• Guard Band
• In-Band
To know more about the report, visit @ https://
www.reportsanddata.com/report-detail/narrowband-iot-nb-iot-market
Market 
Summary
Further key findings from the report suggest
Devices Outlook (Revenue, USD Million; 2018-2026)
• Smart Appliance
• Smart Meters
• Trackers
• Alarms and Detectors
• Wearable devices
End-Use Outlook (Revenue, USD Million; 2018-2026)
• Agriculture
• Automotive & Transportation
• Energy
• Healthcare
• Manufacturing
• Retail
• Safety & Security
• Infrastructure,
• Building Automation
• Others
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