Global Private Narrowband IoT Market Overview:
Private Narrowband-Internet of Things (NB-IoT) is a standards-based low-power wide-area (LPWA) technology that has been designed to support a variety of new IoT devices and services. NB-IoT improves user interface power consumption, machine capacity, and spectrum quality, especially in deep coverage. NB-IoT uses approved bandwidth, much as most wireless protocols (non-cellular LPWA network technologies use unlicensed spectrum). NB-IoT is a variant of LTE (Long-Term Evolution, to use an oversimplification, a requirement for 4G cellular broadband) and can be implemented in three ways. Smart agriculture, smart city applications (e.g., smart parking, smart street lighting, waste management), smart house applications, smart metres, production automation, smart grid applications, smoke alarms, industrial IoT applications (IIoT) with several low-power systems, predictive maintenance, smart locks, environmental tracking, trackers, and more are among the NB- IoT's applications.
- Growing Implementation of Low-Power Wide-Area Network (LPWAN)
- Energy and Cost-Efficient Properties
- Extended and Secure Coverage Relative to GSM/GPRS Systems
- Emergence of Integrated Chipsets
- Slow Rate of Data Transmission
- Complementary Technologies
- Rising Number of Smart Cities Across Nations
- Demand for Secure IoT Infrastructure
- Low Penetration in Emerging Regions Particularly West Asia
- Installation in Remote Regions
- Maintenance Costs
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are AT&T (United States), Verizon Communications (United States), Huawei (China), Vodafone Group Plc (United Kingdom), Telstra (Australia), Qualcomm (United States), Samsung (South Korea), Nordic Semiconductor (Norway), Cheerzing (China), Sercomm (Taiwan) and Sierra Wireless (Canada). Additionally, following companies can also be profiled that are part of our coverage like Sequans Communications (France), u-blox (Switzerland), SIMCom (China), Altair Semiconductor (Sony Group) (Israel), MediaTek (Taiwan), ZTE (China) and RDA (China). Analyst at AMA Research see United States & Chinese Players to retain maximum share of Global Private Narrowband IoT market by 2026. Considering Market by Deployment Mode, the sub-segment i.e. In-Band will boost the Private Narrowband IoT market. Considering Market by Industry, the sub-segment i.e. Banking, Financial Services and Insurance (BFSI) will boost the Private Narrowband IoT market.
On 11th February, 2020 - Nordic Semiconductor’s launched “nRF9160, under a Recent IoT Protection Programme Spearheaded by Arm, the Nrf9160 System-In-Package (Sip) LTE-M/NB-IoT Cellular IoT (CIoT) Module Is One of The First Devices to Be Granted PSA Certified Level 1 Certification. and On 17th December, 2018 - Qualcomm Introduced its Next-Gen Cellular Chipset “Qualcomm 9205” Purpose-Built for IoT. This Technology Enables Customized IoT Applications Using Low-Power, Wide-Area Connectivity with the 9205 LTE Modem, Which Integrates Multimode LTE Category M1 (eMTC) And NB-IoT with 2G/E-GPRS Connectivity Technologies for Customers to Create Innovative IoT Applications.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Private Narrowband IoT market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Private Narrowband IoT market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Private Narrowband IoT Device Manufactures, New Entrants and Investors, Private Narrowband IoT Device Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.