Exploring novel growth opportunities on, “Narrowband IoT Market Size, Share & Trends Analysis Report by Component (Hardware, Software, Services), Deployment Mode, Device Type, End-Use Industry × Application, and Geography (North America, Europe, Asia Pacific, Middle East, Africa, and South America) – Global Industry Data, Trends, and Forecasts, 2025–2035” A complete report exploring emerging market pathways in the Narrowband IoT market illuminates revenue acceleration levers—highlighting how scalable product line extensions, targeted new-market entries, and strategic partnerships are poised to drive top-line growth, expand market share
Global Narrowband IoT Market Forecast 2035:
According to the report, the global Narrowband IoT market is likely to grow from USD 1.0 Billion in 2025 to USD 17.3 Billion in 2035 at a highest CAGR of 32.5% during the time period. The global Narrowband IoT (NB-IoT) market is experiencing robust growth driven by increasing deployment in smart cities, utilities, and rural sectors, as exemplified in 2025 by u-blox’s launch of a hybrid NB-IoT plus satellite-fallback chip tailored for critical asset tracking in remote and maritime environments. This innovation underscores the market’s evolution toward seamless, globally connected IoT infrastructure. Concurrently, smart metering remains a core application, with Qualcomm’s mid-2025 release of its ultra-low-power NB-IoT modem, enabling battery life beyond 10 years in utility devices—garnering strong OEM interest for field-deployed sensors. Breakthroughs in coverage and power efficiency propel NB-IoT into broader, high-value industrial and remote-deployment markets.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Narrowband IoT Market
The increasing adoption of NB-IoT in agriculture is fueling market growth, as farmers deploy connected soil sensors, livestock trackers, and smart irrigation systems to optimize yields. For instance, in 2025, China Mobile partnered with agricultural cooperatives to expand NB-IoT-based water management systems across rural provinces, significantly reducing water usage while improving crop productivity. This rising use in precision agriculture highlights NB-IoT’s role in strengthening food security and sustainability.
The deployment of NB-IoT networks in some developing countries faces spectrum allocation issues, where regulatory delays hinder timely rollouts. In 2025, certain African telecom operators reported setbacks due to incomplete harmonization of spectrum bands, causing bottlenecks in scaling IoT deployments. These spectrum-related uncertainties limit NB-IoT adoption in rural connectivity projects, slowing down its global expansion pace.
Healthcare presents a strong growth opportunity, with NB-IoT enabling low-power, always-connected wearables and medical sensors for chronic disease management. In March 2025, Deutsche Telekom introduced NB-IoT-enabled wearable integration for European hospitals, enabling real-time patient health tracking with secure data transmission. This opportunity aligns with the global shift toward telemedicine and remote healthcare infrastructure.
" Tariff Pressures Reshape Global Narrowband IoT Supply Chains and Cost Structures"
Regional Analysis of Global Narrowband IoT Market
Prominent players operating in the global Narrowband IoT market are AT&T Inc., China Mobile Limited, China Unicom, Deutsche Telekom AG, Ericsson AB, Huawei Technologies Co., Ltd., Intel Corporation, Nokia Corporation, Qualcomm Technologies, Inc., Quectel Wireless Solutions Co., Ltd., Samsung Electronics Co., Ltd., Sequans Communications S.A., Sierra Wireless, Inc., SIMCom Wireless Solutions Co., Ltd., Telit Communications PLC, T-Mobile US, Inc., u-blox Holding AG, Verizon Communications Inc., Vodafone Group Plc, ZTE Corporation, and Other Key Players.
The global Narrowband IoT market has been segmented as follows:
Global Narrowband IoT Market Analysis, by Component
Global Narrowband IoT Market Analysis, by Deployment Mode
Global Narrowband IoT Market Analysis, by Device Type
Global Narrowband IoT Market Analysis, by End-Use Industry × Application
Global Narrowband IoT Market Analysis, by Region
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