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"
- Tariff adjustments are increasingly impacting NB-IoT hardware costs and strategic sourcing decisions. In 2025, U.S. tariffs on Chinese telecommunications modules soared to 30%, compelling NB-IoT module manufacturers to reconsider reliance on low-cost Chinese component supply. Semiconductors for IoT devices absorbed steep duty hikes, leading major module providers to shift procurement toward domestic or alternate-tier suppliers to mitigate input cost increases. For example, IoT providers sourcing NB-IoT modules noted upwards of 30% margin compression on U.S.-bound units due to elevated import duties.
- This shift is not limited to U.S. markets—manufacturers targeting global rollouts now face variant tariff profiles across Europe, Southeast Asia, and Latin America, requiring flexible production footprints and diversified vendor bases. Consequently, NB-IoT module and gateway producers must balance component affordability with strategic agility in supply chain architecture.
Regional Analysis of Global Narrowband IoT Market
- The Asia Pacific region dominates the Narrowband IoT market due to extensive government-backed smart infrastructure rollouts and large-scale telecom investments. In June 2025, China Mobile announced the successful expansion of its NB-IoT coverage to support 1.2 billion connections, primarily in utilities, logistics, and agriculture. Rapid adoption in countries like China, India, and South Korea, combined with strong manufacturing bases for NB-IoT modules, is driving unparalleled ecosystem growth. Asia Pacific’s massive scale and government-driven deployments solidify its position as the global leader in NB-IoT adoption.
- North America’s NB-IoT growth is fueled by industrial digitalization and advanced smart utility programs. In March 2025, AT&T expanded its NB-IoT connectivity for smart metering across U.S. utility networks, highlighting the region’s emphasis on industrial IoT, energy efficiency, and connected infrastructure supported by robust telecom partnerships.
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
- Hardware
- NB-IoT Modules
- Sensors and Actuators
- Gateways
- Others
- Software
- Network Management Software
- Device Management Software
- Application Enablement Platforms
- Others
- Services
- Professional Services
- Deployment and Integration
- Consulting
- Support and Maintenance
- Managed Services
- Professional Services
Global Narrowband IoT Market Analysis, by Deployment Mode
- Standalone
- In-band
- Guard Band
Global Narrowband IoT Market Analysis, by Device Type
- Wearable Devices
- Smart Meters
- Trackers
- Alarms & Detectors
- Monitoring Cameras
- Environmental Sensors
- Others (e.g., remote controls, HVAC devices)
Global Narrowband IoT Market Analysis, by End-Use Industry × Application
- Utilities
- Smart Electricity Metering
- Smart Water/Gas Metering
- Remote Valve Control
- Pipeline Monitoring
- Energy Usage Optimization
- Others
- Transportation & Logistics
- Fleet Management
- Vehicle Tracking & Telematics
- Container & Cargo Monitoring
- Cold Chain Monitoring
- Smart Parking Systems
- Predictive Maintenance of Vehicles
- Others
- Healthcare
- Remote Patient Monitoring (RPM)
- Wearable Health Devices
- Elderly Safety Monitoring
- Emergency Medical Alerts
- Connected Medical Equipment Tracking
- Others
- Manufacturing & Industrial
- Asset Tracking & Inventory Management
- Predictive Maintenance for Equipment
- Process Automation & Control
- Condition Monitoring (e.g., temperature, vibration)
- Workplace Safety Monitoring
- Others
- Agriculture
- Soil Moisture and Nutrient Monitoring
- Weather Station Connectivity
- Livestock Tracking
- Remote Irrigation Management
- Crop Health Monitoring
- Pest Detection & Control
- Others
- Smart Cities
- Street Lighting Control
- Smart Parking Management
- Waste Bin Monitoring
- Environmental Pollution Monitoring
- Noise and Air Quality Sensors
- Public Safety & Surveillance Systems
- Others
- Retail
- Smart Shelf Monitoring
- Cold Storage & Freezer Monitoring
- Foot Traffic Analysis in Stores
- Smart Vending Machines
- Inventory and Supply Chain Monitoring
- Others
- Government & Public Safety
- Disaster Alert Systems (earthquake, flood sensors)
- Citizen Safety Alerts
- Surveillance Systems
- Utility Infrastructure Monitoring
- Smart Street Lighting
- Others
- Energy, Oil & Gas
- Remote Pipeline Monitoring
- Leak Detection Systems
- Wellhead Monitoring
- Environmental Hazard Detection
- Oil Tank Level Monitoring
- Others
- Construction & Real Estate
- HVAC and Lighting Control in Smart Buildings
- Occupancy Monitoring
- Smart Security Systems
- Remote Equipment Monitoring
- Energy Usage Optimization in Buildings
- Others
- Consumer Electronics
- Connected Home Devices (e.g., smoke detectors, thermostats)
- Smart Wearables (fitness bands, smartwatches)
- Appliance Monitoring & Alerts
- Home Security Systems
- Others
- Other End Use Industry
Global Narrowband IoT Market Analysis, by Region
- North America
- Europe
- Asia Pacific
- Middle East
- Africa
- South America
About Us
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Table of Contents
- 1. Research Methodology and Assumptions
- 1.1. Definitions
- 1.2. Research Design and Approach
- 1.3. Data Collection Methods
- 1.4. Base Estimates and Calculations
- 1.5. Forecasting Models
- 1.5.1. Key Forecast Factors & Impact Analysis
- 1.6. Secondary Research
- 1.6.1. Open Sources
- 1.6.2. Paid Databases
- 1.6.3. Associations
- 1.7. Primary Research
- 1.7.1. Primary Sources
- 1.7.2. Primary Interviews with Stakeholders across Ecosystem
- 2. Executive Summary
- 2.1. Global Narrowband IoT Market Outlook
- 2.1.1. Narrowband IoT Market Size (Volume – Million Units and Value – US$ Bn), and Forecasts, 2021-2035
- 2.1.2. Compounded Annual Growth Rate Analysis
- 2.1.3. Growth Opportunity Analysis
- 2.1.4. Segmental Share Analysis
- 2.1.5. Geographical Share Analysis
- 2.2. Market Analysis and Facts
- 2.3. Supply-Demand Analysis
- 2.4. Competitive Benchmarking
- 2.5. Go-to- Market Strategy
- 2.5.1. Customer/ End-use Industry Assessment
- 2.5.2. Growth Opportunity Data, 2025-2035
- 2.5.2.1. Regional Data
- 2.5.2.2. Country Data
- 2.5.2.3. Segmental Data
- 2.5.3. Identification of Potential Market Spaces
- 2.5.4. GAP Analysis
- 2.5.5. Potential Attractive Price Points
- 2.5.6. Prevailing Market Risks & Challenges
- 2.5.7. Preferred Sales & Marketing Strategies
- 2.5.8. Key Recommendations and Analysis
- 2.5.9. A Way Forward
- 2.1. Global Narrowband IoT Market Outlook
- 3. Industry Data and Premium Insights
- 3.1. Global Electronics and SemiconductorsIndustry Overview, 2025
- 3.1.1. Industry Ecosystem Analysis
- 3.1.2. Key Trends for Electronics and Semiconductors Industry
- 3.1.3. Regional Distribution for Electronics and Semiconductors Industry
- 3.2. Supplier Customer Data
- 3.3. Technology Roadmap and Developments
- 3.4. Trade Analysis
- 3.4.1. Import & Export Analysis, 2025
- 3.4.2. Top Importing Countries
- 3.4.3. Top Exporting Countries
- 3.5. Trump Tariff Impact Analysis
- 3.5.1. Manufacturer
- 3.5.1.1. Based on the component & Raw material
- 3.5.2. Supply Chain
- 3.5.3. End Consumer
- 3.5.1. Manufacturer
- 3.6. Raw Material Analysis
- 3.1. Global Electronics and SemiconductorsIndustry Overview, 2025
- 4. Market Overview
- 4.1. Market Dynamics
- 4.1.1. Drivers
- 4.1.1.1. Rapid adoption of smart metering and utility monitoring applications
- 4.1.1.2. Growing deployment of NB-IoT in smart city infrastructure and asset tracking
- 4.1.2. Restraints
- 4.1.2.1. High initial network deployment and integration costs for operators
- 4.1.2.2. Limited data transmission speed restricting use in high-bandwidth IoT applications
- 4.1.1. Drivers
- 4.2. Key Trend Analysis
- 4.3. Regulatory Framework
- 4.3.1. Key Regulations, Norms, and Subsidies, by Key Countries
- 4.3.2. Tariffs and Standards
- 4.3.3. Impact Analysis of Regulations on the Market
- 4.4. Value Chain Analysis
- 4.4.1. Raw Material & Component Suppliers
- 4.4.2. Narrowband IoT Manufacturers
- 4.4.3. Distributors
- 4.4.4. End-users/ Customers
- 4.5. Cost Structure Analysis
- 4.5.1. Parameter’s Share for Cost Associated
- 4.5.2. COGP vs COGS
- 4.5.3. Profit Margin Analysis
- 4.6. Pricing Analysis
- 4.6.1. Regional Pricing Analysis
- 4.6.2. Segmental Pricing Trends
- 4.6.3. Factors Influencing Pricing
- 4.7. Porter’s Five Forces Analysis
- 4.8. PESTEL Analysis
- 4.9. Global Narrowband IoT Market Demand
- 4.9.1. Historical Market Size - in Volume (Million Units) and Value (US$ Bn), 2021-2024
- 4.9.2. Current and Future Market Size - in Volume (Million Units) and Value (US$ Bn), 2025–2035
- 4.9.2.1. Y-o-Y Growth Trends
- 4.9.2.2. Absolute $ Opportunity Assessment
- 4.1. Market Dynamics
- 5. Competition Landscape
- 5.1. Competition structure
- 5.1.1. Fragmented v/s consolidated
- 5.2. Company Share Analysis, 2025
- 5.2.1. Global Company Market Share
- 5.2.2. By Region
- 5.2.2.1. North America
- 5.2.2.2. Europe
- 5.2.2.3. Asia Pacific
- 5.2.2.4. Middle East
- 5.2.2.5. Africa
- 5.2.2.6. South America
- 5.3. Product Comparison Matrix
- 5.3.1. Specifications
- 5.3.2. Market Positioning
- 5.3.3. Pricing
- 5.1. Competition structure
- 6. Global Narrowband IoT Market Analysis, by Component
- 6.1. Key Segment Analysis
- 6.2. Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Component, 2021-2035
- 6.2.1. Hardware
- 6.2.1.1. NB-IoT Modules
- 6.2.1.2. Sensors and Actuators
- 6.2.1.3. Gateways
- 6.2.1.4. Others
- 6.2.2. Software
- 6.2.2.1. Network Management Software
- 6.2.2.2. Device Management Software
- 6.2.2.3. Application Enablement Platforms
- 6.2.2.4. Others
- 6.2.3. Services
- 6.2.3.1. Professional Services
- 6.2.3.1.1. Deployment and Integration
- 6.2.3.1.2. Consulting
- 6.2.3.1.3. Support and Maintenance
- 6.2.3.2. Managed Services
- 6.2.3.1. Professional Services
- 6.2.1. Hardware
- 7. Global Narrowband IoT Market Analysis, by Deployment Mode
- 7.1. Key Segment Analysis
- 7.2. Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Deployment Mode, 2021-2035
- 7.2.1. Standalone
- 7.2.2. In-band
- 7.2.3. Guard Band
- 8. Global Narrowband IoT Market Analysis, by Device Type
- 8.1. Key Segment Analysis
- 8.2. Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by Device Type, 2021-2035
- 8.2.1. Wearable Devices
- 8.2.2. Smart Meters
- 8.2.3. Trackers
- 8.2.4. Alarms & Detectors
- 8.2.5. Monitoring Cameras
- 8.2.6. Environmental Sensors
- 8.2.7. Others (e.g., remote controls, HVAC devices)
- 9. Global Narrowband IoT Market Analysis, by End-Use Industry × Application
- 9.1. Key Segment Analysis
- 9.2. Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, by End-Use Industry × Application, 2021-2035
- 9.2.1. Utilities
- 9.2.1.1. Smart Electricity Metering
- 9.2.1.2. Smart Water/Gas Metering
- 9.2.1.3. Remote Valve Control
- 9.2.1.4. Pipeline Monitoring
- 9.2.1.5. Energy Usage Optimization
- 9.2.1.6. Others
- 9.2.2. Transportation & Logistics
- 9.2.2.1. Fleet Management
- 9.2.2.2. Vehicle Tracking & Telematics
- 9.2.2.3. Container & Cargo Monitoring
- 9.2.2.4. Cold Chain Monitoring
- 9.2.2.5. Smart Parking Systems
- 9.2.2.6. Predictive Maintenance of Vehicles
- 9.2.2.7. Others
- 9.2.3. Healthcare
- 9.2.3.1. Remote Patient Monitoring (RPM)
- 9.2.3.2. Wearable Health Devices
- 9.2.3.3. Elderly Safety Monitoring
- 9.2.3.4. Emergency Medical Alerts
- 9.2.3.5. Connected Medical Equipment Tracking
- 9.2.3.6. Others
- 9.2.4. Manufacturing & Industrial
- 9.2.4.1. Asset Tracking & Inventory Management
- 9.2.4.2. Predictive Maintenance for Equipment
- 9.2.4.3. Process Automation & Control
- 9.2.4.4. Condition Monitoring (e.g., temperature, vibration)
- 9.2.4.5. Workplace Safety Monitoring
- 9.2.4.6. Others
- 9.2.5. Agriculture
- 9.2.5.1. Soil Moisture and Nutrient Monitoring
- 9.2.5.2. Weather Station Connectivity
- 9.2.5.3. Livestock Tracking
- 9.2.5.4. Remote Irrigation Management
- 9.2.5.5. Crop Health Monitoring
- 9.2.5.6. Pest Detection & Control
- 9.2.5.7. Others
- 9.2.6. Smart Cities
- 9.2.6.1. Street Lighting Control
- 9.2.6.2. Smart Parking Management
- 9.2.6.3. Waste Bin Monitoring
- 9.2.6.4. Environmental Pollution Monitoring
- 9.2.6.5. Noise and Air Quality Sensors
- 9.2.6.6. Public Safety & Surveillance Systems
- 9.2.6.7. Others
- 9.2.7. Retail
- 9.2.7.1. Smart Shelf Monitoring
- 9.2.7.2. Cold Storage & Freezer Monitoring
- 9.2.7.3. Foot Traffic Analysis in Stores
- 9.2.7.4. Smart Vending Machines
- 9.2.7.5. Inventory and Supply Chain Monitoring
- 9.2.7.6. Others
- 9.2.8. Government & Public Safety
- 9.2.8.1. Disaster Alert Systems (earthquake, flood sensors)
- 9.2.8.2. Citizen Safety Alerts
- 9.2.8.3. Surveillance Systems
- 9.2.8.4. Utility Infrastructure Monitoring
- 9.2.8.5. Smart Street Lighting
- 9.2.8.6. Others
- 9.2.9. Energy, Oil & Gas
- 9.2.9.1. Remote Pipeline Monitoring
- 9.2.9.2. Leak Detection Systems
- 9.2.9.3. Wellhead Monitoring
- 9.2.9.4. Environmental Hazard Detection
- 9.2.9.5. Oil Tank Level Monitoring
- 9.2.9.6. Others
- 9.2.10. Construction & Real Estate
- 9.2.10.1. HVAC and Lighting Control in Smart Buildings
- 9.2.10.2. Occupancy Monitoring
- 9.2.10.3. Smart Security Systems
- 9.2.10.4. Remote Equipment Monitoring
- 9.2.10.5. Energy Usage Optimization in Buildings
- 9.2.10.6. Others
- 9.2.11. Consumer Electronics
- 9.2.11.1. Connected Home Devices (e.g., smoke detectors, thermostats)
- 9.2.11.2. Smart Wearables (fitness bands, smartwatches)
- 9.2.11.3. Appliance Monitoring & Alerts
- 9.2.11.4. Home Security Systems
- 9.2.11.5. Others
- 9.2.12. Other End Use Industry
- 9.2.1. Utilities
- 10. Global Narrowband IoT Market Analysis and Forecasts, by Region
- 10.1. Key Findings
- 10.2. Narrowband IoT Market Size (Volume - Mn Units and Value - US$ Mn), Analysis, and Forecasts, by Region, 2021-2035
- 10.2.1. North America
- 10.2.2. Europe
- 10.2.3. Asia Pacific
- 10.2.4. Middle East
- 10.2.5. Africa
- 10.2.6. South America
- 11. North America Narrowband IoT Market Analysis
- 11.1. Key Segment Analysis
- 11.2. Regional Snapshot
- 11.3. North America Narrowband IoT Market Size Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 11.3.1. Component
- 11.3.2. Deployment Mode
- 11.3.3. Device Type
- 11.3.4. End-Use Industry × Application
- 11.3.5. Country
- 11.3.5.1. USA
- 11.3.5.2. Canada
- 11.3.5.3. Mexico
- 11.4. USA Narrowband IoT Market
- 11.4.1. Country Segmental Analysis
- 11.4.2. Component
- 11.4.3. Deployment Mode
- 11.4.4. Device Type
- 11.4.5. End-Use Industry × Application
- 11.5. Canada Narrowband IoT Market
- 11.5.1. Country Segmental Analysis
- 11.5.2. Component
- 11.5.3. Deployment Mode
- 11.5.4. Device Type
- 11.5.5. End-Use Industry × Application
- 11.6. Mexico Narrowband IoT Market
- 11.6.1. Country Segmental Analysis
- 11.6.2. Component
- 11.6.3. Deployment Mode
- 11.6.4. Device Type
- 11.6.5. End-Use Industry × Application
- 12. Europe Narrowband IoT Market Analysis
- 12.1. Key Segment Analysis
- 12.2. Regional Snapshot
- 12.3. Europe Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 12.3.1. Component
- 12.3.2. Deployment Mode
- 12.3.3. Device Type
- 12.3.4. End-Use Industry × Application
- 12.3.5. Country
- 12.3.5.1. Germany
- 12.3.5.2. United Kingdom
- 12.3.5.3. France
- 12.3.5.4. Italy
- 12.3.5.5. Spain
- 12.3.5.6. Netherlands
- 12.3.5.7. Nordic Countries
- 12.3.5.8. Poland
- 12.3.5.9. Russia & CIS
- 12.3.5.10. Rest of Europe
- 12.4. Germany Narrowband IoT Market
- 12.4.1. Country Segmental Analysis
- 12.4.2. Component
- 12.4.3. Deployment Mode
- 12.4.4. Device Type
- 12.4.5. End-Use Industry × Application
- 12.5. United Kingdom Narrowband IoT Market
- 12.5.1. Country Segmental Analysis
- 12.5.2. Component
- 12.5.3. Deployment Mode
- 12.5.4. Device Type
- 12.5.5. End-Use Industry × Application
- 12.6. France Narrowband IoT Market
- 12.6.1. Country Segmental Analysis
- 12.6.2. Component
- 12.6.3. Deployment Mode
- 12.6.4. Device Type
- 12.6.5. End-Use Industry × Application
- 12.7. Italy Narrowband IoT Market
- 12.7.1. Country Segmental Analysis
- 12.7.2. Component
- 12.7.3. Deployment Mode
- 12.7.4. Device Type
- 12.7.5. End-Use Industry × Application
- 12.8. Spain Narrowband IoT Market
- 12.8.1. Country Segmental Analysis
- 12.8.2. Component
- 12.8.3. Deployment Mode
- 12.8.4. Device Type
- 12.8.5. End-Use Industry × Application
- 12.9. Netherlands Narrowband IoT Market
- 12.9.1. Country Segmental Analysis
- 12.9.2. Component
- 12.9.3. Deployment Mode
- 12.9.4. Device Type
- 12.9.5. End-Use Industry × Application
- 12.10. Nordic Countries Narrowband IoT Market
- 12.10.1. Country Segmental Analysis
- 12.10.2. Component
- 12.10.3. Deployment Mode
- 12.10.4. Device Type
- 12.10.5. End-Use Industry × Application
- 12.11. Poland Narrowband IoT Market
- 12.11.1. Country Segmental Analysis
- 12.11.2. Component
- 12.11.3. Deployment Mode
- 12.11.4. Device Type
- 12.11.5. End-Use Industry × Application
- 12.12. Russia & CIS Narrowband IoT Market
- 12.12.1. Country Segmental Analysis
- 12.12.2. Component
- 12.12.3. Deployment Mode
- 12.12.4. Device Type
- 12.12.5. End-Use Industry × Application
- 12.13. Rest of Europe Narrowband IoT Market
- 12.13.1. Country Segmental Analysis
- 12.13.2. Component
- 12.13.3. Deployment Mode
- 12.13.4. Device Type
- 12.13.5. End-Use Industry × Application
- 13. Asia Pacific Narrowband IoT Market Analysis
- 13.1. Key Segment Analysis
- 13.2. Regional Snapshot
- 13.3. East Asia Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 13.3.1. Component
- 13.3.2. Deployment Mode
- 13.3.3. Device Type
- 13.3.4. End-Use Industry × Application
- 13.3.5. Country
- 13.3.5.1. China
- 13.3.5.2. India
- 13.3.5.3. Japan
- 13.3.5.4. South Korea
- 13.3.5.5. Australia and New Zealand
- 13.3.5.6. Indonesia
- 13.3.5.7. Malaysia
- 13.3.5.8. Thailand
- 13.3.5.9. Vietnam
- 13.3.5.10. Rest of Asia Pacific
- 13.4. China Narrowband IoT Market
- 13.4.1. Country Segmental Analysis
- 13.4.2. Component
- 13.4.3. Deployment Mode
- 13.4.4. Device Type
- 13.4.5. End-Use Industry × Application
- 13.5. India Narrowband IoT Market
- 13.5.1. Country Segmental Analysis
- 13.5.2. Component
- 13.5.3. Deployment Mode
- 13.5.4. Device Type
- 13.5.5. End-Use Industry × Application
- 13.6. Japan Narrowband IoT Market
- 13.6.1. Country Segmental Analysis
- 13.6.2. Component
- 13.6.3. Deployment Mode
- 13.6.4. Device Type
- 13.6.5. End-Use Industry × Application
- 13.7. South Korea Narrowband IoT Market
- 13.7.1. Country Segmental Analysis
- 13.7.2. Component
- 13.7.3. Deployment Mode
- 13.7.4. Device Type
- 13.7.5. End-Use Industry × Application
- 13.8. Australia and New Zealand Narrowband IoT Market
- 13.8.1. Country Segmental Analysis
- 13.8.2. Component
- 13.8.3. Deployment Mode
- 13.8.4. Device Type
- 13.8.5. End-Use Industry × Application
- 13.9. Indonesia Narrowband IoT Market
- 13.9.1. Country Segmental Analysis
- 13.9.2. Component
- 13.9.3. Deployment Mode
- 13.9.4. Device Type
- 13.9.5. End-Use Industry × Application
- 13.10. Malaysia Narrowband IoT Market
- 13.10.1. Country Segmental Analysis
- 13.10.2. Component
- 13.10.3. Deployment Mode
- 13.10.4. Device Type
- 13.10.5. End-Use Industry × Application
- 13.11. Thailand Narrowband IoT Market
- 13.11.1. Country Segmental Analysis
- 13.11.2. Component
- 13.11.3. Deployment Mode
- 13.11.4. Device Type
- 13.11.5. End-Use Industry × Application
- 13.12. Vietnam Narrowband IoT Market
- 13.12.1. Country Segmental Analysis
- 13.12.2. Component
- 13.12.3. Deployment Mode
- 13.12.4. Device Type
- 13.12.5. End-Use Industry × Application
- 13.13. Rest of Asia Pacific Narrowband IoT Market
- 13.13.1. Country Segmental Analysis
- 13.13.2. Component
- 13.13.3. Deployment Mode
- 13.13.4. Device Type
- 13.13.5. End-Use Industry × Application
- 14. Middle East Narrowband IoT Market Analysis
- 14.1. Key Segment Analysis
- 14.2. Regional Snapshot
- 14.3. Middle East Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 14.3.1. Component
- 14.3.2. Deployment Mode
- 14.3.3. Device Type
- 14.3.4. End-Use Industry × Application
- 14.3.5. Country
- 14.3.5.1. Turkey
- 14.3.5.2. UAE
- 14.3.5.3. Saudi Arabia
- 14.3.5.4. Israel
- 14.3.5.5. Rest of Middle East
- 14.4. Turkey Narrowband IoT Market
- 14.4.1. Country Segmental Analysis
- 14.4.2. Component
- 14.4.3. Deployment Mode
- 14.4.4. Device Type
- 14.4.5. End-Use Industry × Application
- 14.5. UAE Narrowband IoT Market
- 14.5.1. Country Segmental Analysis
- 14.5.2. Component
- 14.5.3. Deployment Mode
- 14.5.4. Device Type
- 14.5.5. End-Use Industry × Application
- 14.6. Saudi Arabia Narrowband IoT Market
- 14.6.1. Country Segmental Analysis
- 14.6.2. Component
- 14.6.3. Deployment Mode
- 14.6.4. Device Type
- 14.6.5. End-Use Industry × Application
- 14.7. Israel Narrowband IoT Market
- 14.7.1. Country Segmental Analysis
- 14.7.2. Component
- 14.7.3. Deployment Mode
- 14.7.4. Device Type
- 14.7.5. End-Use Industry × Application
- 14.8. Rest of Middle East Narrowband IoT Market
- 14.8.1. Country Segmental Analysis
- 14.8.2. Component
- 14.8.3. Deployment Mode
- 14.8.4. Device Type
- 14.8.5. End-Use Industry × Application
- 15. Africa Narrowband IoT Market Analysis
- 15.1. Key Segment Analysis
- 15.2. Regional Snapshot
- 15.3. Africa Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 15.3.1. Component
- 15.3.2. Deployment Mode
- 15.3.3. Device Type
- 15.3.4. End-Use Industry × Application
- 15.3.5. Country
- 15.3.5.1. South Africa
- 15.3.5.2. Egypt
- 15.3.5.3. Nigeria
- 15.3.5.4. Algeria
- 15.3.5.5. Rest of Africa
- 15.4. South Africa Narrowband IoT Market
- 15.4.1. Country Segmental Analysis
- 15.4.2. Component
- 15.4.3. Deployment Mode
- 15.4.4. Device Type
- 15.4.5. End-Use Industry × Application
- 15.5. Egypt Narrowband IoT Market
- 15.5.1. Country Segmental Analysis
- 15.5.2. Component
- 15.5.3. Deployment Mode
- 15.5.4. Device Type
- 15.5.5. End-Use Industry × Application
- 15.6. Nigeria Narrowband IoT Market
- 15.6.1. Country Segmental Analysis
- 15.6.2. Component
- 15.6.3. Deployment Mode
- 15.6.4. Device Type
- 15.6.5. End-Use Industry × Application
- 15.7. Algeria Narrowband IoT Market
- 15.7.1. Country Segmental Analysis
- 15.7.2. Component
- 15.7.3. Deployment Mode
- 15.7.4. Device Type
- 15.7.5. End-Use Industry × Application
- 15.8. Rest of Africa Narrowband IoT Market
- 15.8.1. Country Segmental Analysis
- 15.8.2. Component
- 15.8.3. Deployment Mode
- 15.8.4. Device Type
- 15.8.5. End-Use Industry × Application
- 16. South America Narrowband IoT Market Analysis
- 16.1. Key Segment Analysis
- 16.2. Regional Snapshot
- 16.3. Central and South Africa Narrowband IoT Market Size (Volume - Million Units and Value - US$ Bn), Analysis, and Forecasts, 2021-2035
- 16.3.1. Component
- 16.3.2. Deployment Mode
- 16.3.3. Device Type
- 16.3.4. End-Use Industry × Application
- 16.3.5. Country
- 16.3.5.1. Brazil
- 16.3.5.2. Argentina
- 16.3.5.3. Rest of South America
- 16.4. Brazil Narrowband IoT Market
- 16.4.1. Country Segmental Analysis
- 16.4.2. Component
- 16.4.3. Deployment Mode
- 16.4.4. Device Type
- 16.4.5. End-Use Industry × Application
- 16.5. Argentina Narrowband IoT Market
- 16.5.1. Country Segmental Analysis
- 16.5.2. Component
- 16.5.3. Deployment Mode
- 16.5.4. Device Type
- 16.5.5. End-Use Industry × Application
- 16.6. Rest of South America Narrowband IoT Market
- 16.6.1. Country Segmental Analysis
- 16.6.2. Component
- 16.6.3. Deployment Mode
- 16.6.4. Device Type
- 16.6.5. End-Use Industry × Application
- 17. Key Players/ Company Profile
- 17.1. AT&T Inc.
- 17.1.1. Company Details/ Overview
- 17.1.2. Company Financials
- 17.1.3. Key Customers and Competitors
- 17.1.4. Business/ Industry Portfolio
- 17.1.5. Product Portfolio/ Specification Details
- 17.1.6. Pricing Data
- 17.1.7. Strategic Overview
- 17.1.8. Recent Developments
- 17.2. China Mobile Limited
- 17.3. China Unicom
- 17.4. Deutsche Telekom AG
- 17.5. Ericsson AB
- 17.6. Huawei Technologies Co., Ltd.
- 17.7. Intel Corporation
- 17.8. Nokia Corporation
- 17.9. Qualcomm Technologies, Inc.
- 17.10. Quectel Wireless Solutions Co., Ltd.
- 17.11. Samsung Electronics Co., Ltd.
- 17.12. Sequans Communications S.A.
- 17.13. Sierra Wireless, Inc.
- 17.14. SIMCom Wireless Solutions Co., Ltd.
- 17.15. Telit Communications PLC
- 17.16. T-Mobile US, Inc.
- 17.17. u-blox Holding AG
- 17.18. Verizon Communications Inc.
- 17.19. Vodafone Group Plc
- 17.20. ZTE Corporation
- 17.21. Other Key Players
- 17.1. AT&T Inc.
Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography
Our research design integrates both demand-side and supply-side analysis through a balanced combination of primary and secondary research methodologies. By utilizing both bottom-up and top-down approaches alongside rigorous data triangulation methods, we deliver robust market intelligence that supports strategic decision-making.
MarketGenics' comprehensive research design framework ensures the delivery of accurate, reliable, and actionable market intelligence. Through the integration of multiple research approaches, rigorous validation processes, and expert analysis, we provide our clients with the insights needed to make informed strategic decisions and capitalize on market opportunities.
MarketGenics leverages a dedicated industry panel of experts and a comprehensive suite of paid databases to effectively collect, consolidate, and analyze market intelligence.
Our approach has consistently proven to be reliable and effective in generating accurate market insights, identifying key industry trends, and uncovering emerging business opportunities.
Through both primary and secondary research, we capture and analyze critical company-level data such as manufacturing footprints, including technical centers, R&D facilities, sales offices, and headquarters.
Our expert panel further enhances our ability to estimate market size for specific brands based on validated field-level intelligence.
Our data mining techniques incorporate both parametric and non-parametric methods, allowing for structured data collection, sorting, processing, and cleaning.
Demand projections are derived from large-scale data sets analyzed through proprietary algorithms, culminating in robust and reliable market sizing.
The bottom-up approach builds market estimates by starting with the smallest addressable market units and systematically aggregating them to create comprehensive market size projections.
This method begins with specific, granular data points and builds upward to create the complete market landscape.
Customer Analysis → Segmental Analysis → Geographical Analysis
The top-down approach starts with the broadest possible market data and systematically narrows it down through a series of filters and assumptions to arrive at specific market segments or opportunities.
This method begins with the big picture and works downward to increasingly specific market slices.
TAM → SAM → SOM
While analysing the market, we extensively study secondary sources, directories, and databases to identify and collect information useful for this technical, market-oriented, and commercial report. Secondary sources that we utilize are not only the public sources, but it is combination of Open Source, Associations, Paid Databases, MG Repository & Knowledgebase and Others.
- Company websites, annual reports, financial reports, broker reports, and investor presentations
- National government documents, statistical databases and reports
- News articles, press releases and web-casts specific to the companies operating in the market, Magazines, reports, and others
- We gather information from commercial data sources for deriving company specific data such as segmental revenue, share for geography, product revenue, and others
- Internal and external proprietary databases (industry-specific), relevant patent, and regulatory databases
- Governing Bodies, Government Organizations
- Relevant Authorities, Country-specific Associations for Industries
We also employ the model mapping approach to estimate the product level market data through the players product portfolio
Primary research/ interviews is vital in analyzing the market. Most of the cases involves paid primary interviews. Primary sources includes primary interviews through e-mail interactions, telephonic interviews, surveys as well as face-to-face interviews with the different stakeholders across the value chain including several industry experts.
| Type of Respondents | Number of Primaries |
|---|---|
| Tier 2/3 Suppliers | ~20 |
| Tier 1 Suppliers | ~25 |
| End-users | ~25 |
| Industry Expert/ Panel/ Consultant | ~30 |
| Total | ~100 |
MG Knowledgebase
• Repository of industry blog, newsletter and case studies
• Online platform covering detailed market reports, and company profiles
- Historical Trends – Past market patterns, cycles, and major events that shaped how markets behave over time. Understanding past trends helps predict future behavior.
- Industry Factors – Specific characteristics of the industry like structure, regulations, and innovation cycles that affect market dynamics.
- Macroeconomic Factors – Economic conditions like GDP growth, inflation, and employment rates that affect how much money people have to spend.
- Demographic Factors – Population characteristics like age, income, and location that determine who can buy your product.
- Technology Factors – How quickly people adopt new technology and how much technology infrastructure exists.
- Regulatory Factors – Government rules, laws, and policies that can help or restrict market growth.
- Competitive Factors – Analyzing competition structure such as degree of competition and bargaining power of buyers and suppliers.
Multiple Regression Analysis
- Identify and quantify factors that drive market changes
- Statistical modeling to establish relationships between market drivers and outcomes
Time Series Analysis – Seasonal Patterns
- Understand regular cyclical patterns in market demand
- Advanced statistical techniques to separate trend, seasonal, and irregular components
Time Series Analysis – Trend Analysis
- Identify underlying market growth patterns and momentum
- Statistical analysis of historical data to project future trends
Expert Opinion – Expert Interviews
- Gather deep industry insights and contextual understanding
- In-depth interviews with key industry stakeholders
Multi-Scenario Development
- Prepare for uncertainty by modeling different possible futures
- Creating optimistic, pessimistic, and most likely scenarios
Time Series Analysis – Moving Averages
- Sophisticated forecasting for complex time series data
- Auto-regressive integrated moving average models with seasonal components
Econometric Models
- Apply economic theory to market forecasting
- Sophisticated economic models that account for market interactions
Expert Opinion – Delphi Method
- Harness collective wisdom of industry experts
- Structured, multi-round expert consultation process
Monte Carlo Simulation
- Quantify uncertainty and probability distributions
- Thousands of simulations with varying input parameters
Our research framework is built upon the fundamental principle of validating market intelligence from both demand and supply perspectives. This dual-sided approach ensures comprehensive market understanding and reduces the risk of single-source bias.
Demand-Side Analysis: We understand end-user/application behavior, preferences, and market needs along with the penetration of the product for specific application.
Supply-Side Analysis: We estimate overall market revenue, analyze the segmental share along with industry capacity, competitive landscape, and market structure.
Data triangulation is a validation technique that uses multiple methods, sources, or perspectives to examine the same research question, thereby increasing the credibility and reliability of research findings. In market research, triangulation serves as a quality assurance mechanism that helps identify and minimize bias, validate assumptions, and ensure accuracy in market estimates.
- Data Source Triangulation – Using multiple data sources to examine the same phenomenon
- Methodological Triangulation – Using multiple research methods to study the same research question
- Investigator Triangulation – Using multiple researchers or analysts to examine the same data
- Theoretical Triangulation – Using multiple theoretical perspectives to interpret the same data
