Narrowband IoT (NB-IoT) Enterprise Application - Global Strategic Business Report

Global Narrowband IoT (NB-IoT) Enterprise Application Market to Reach $39.4 Billion by 2030

The global market for Narrowband IoT (NB-IoT) Enterprise Application estimated at US$3.6 Billion in the year 2022, is projected to reach a revised size of US$39.4 Billion by 2030, growing at a CAGR of 34.7% over the analysis period 2022-2030. Wearable Devices, one of the segments analyzed in the report, is projected to record 42.9% CAGR and reach US$25.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Smart Appliances segment is readjusted to a revised 15.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 32.1% CAGR

The Narrowband IoT (NB-IoT) Enterprise Application market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2030 trailing a CAGR of 32.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.7% and 25.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 17.8% CAGR.

Select Competitors (Total 37 Featured) -

• AT&T
• China Telecom
• China Unicom
• Deutsche Telekom
• Etisalat
• Orange S.A.
• SK Telecom
• Telefonica
• Telstra
• Vodafone Group Plc

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