The North America Narrowband Internet of Things Market would witness market growth of 49.6% CAGR during the forecast period (2022-2028).
Narrowband IoT technology has evolved as one of the most significant 3GPP (3rd generation partnership project) IoT technologies and is anticipated to play an essential role in tracing roaming capitals. Moreover, NB-IoT technology is most fitted for automation in smart structures like hospitals, shopping malls, commercial buildings, and offices. Developed networking of NB-IoT could control lifts, doors, heating, blinds, lighting, and ventilation by itself, depending on the number of people there. Therefore, energy control becomes much more transparent and efficient. This also raises the safety and comfort of the people. These features have propelled the revenue growth of the narrowband internet of things market.
Additionally, the NB-IoT network has magnificent structure piercing. It can receive and send data in zero network zones. It reduces power consumption and raises coverage scale in places not assisted by traditional cellular technologies. This is because of the lower network and narrow bandwidths loads. With this technology, single radio cells could communicate with over fifty thousand devices without any disturbances.
Elderly people living in the region are more likely to have chronic illnesses, impairments, falls, and other harmful health concerns. The region's elderly population is also protected against falls via wearable technology. In addition, the North America is home to several high-tech companies and a substantial number of internet users. Additionally, the region's residents' increased disposable money is encouraging businesses by boosting the rate at which the newest technologies are adopted through the use of wearable technology. The wide adoption of wearable technology is supporting the demand for NB-IoT in the region, leading to regional market growth.
The US market dominated the North America Narrowband Internet of Things Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,307.5 million by 2028. The Canada market is experiencing a CAGR of 53.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 51.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, Smart Lighting, and Others. Based on Deployment Mode, the market is segmented into Guard, Stand-alone, and In-band. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare, Consumer Electronics, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Qualcomm, Inc., Huawei Technologies Co., Ltd. MediaTek, Inc., Nokia Corporation, Verizon Communications, Inc., AT&T, Inc., Vodafone Group Plc, Orange S.A., and Ericsson AB.
Narrowband IoT technology has evolved as one of the most significant 3GPP (3rd generation partnership project) IoT technologies and is anticipated to play an essential role in tracing roaming capitals. Moreover, NB-IoT technology is most fitted for automation in smart structures like hospitals, shopping malls, commercial buildings, and offices. Developed networking of NB-IoT could control lifts, doors, heating, blinds, lighting, and ventilation by itself, depending on the number of people there. Therefore, energy control becomes much more transparent and efficient. This also raises the safety and comfort of the people. These features have propelled the revenue growth of the narrowband internet of things market.
Additionally, the NB-IoT network has magnificent structure piercing. It can receive and send data in zero network zones. It reduces power consumption and raises coverage scale in places not assisted by traditional cellular technologies. This is because of the lower network and narrow bandwidths loads. With this technology, single radio cells could communicate with over fifty thousand devices without any disturbances.
Elderly people living in the region are more likely to have chronic illnesses, impairments, falls, and other harmful health concerns. The region's elderly population is also protected against falls via wearable technology. In addition, the North America is home to several high-tech companies and a substantial number of internet users. Additionally, the region's residents' increased disposable money is encouraging businesses by boosting the rate at which the newest technologies are adopted through the use of wearable technology. The wide adoption of wearable technology is supporting the demand for NB-IoT in the region, leading to regional market growth.
The US market dominated the North America Narrowband Internet of Things Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,307.5 million by 2028. The Canada market is experiencing a CAGR of 53.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 51.7% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, Smart Lighting, and Others. Based on Deployment Mode, the market is segmented into Guard, Stand-alone, and In-band. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare, Consumer Electronics, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Qualcomm, Inc., Huawei Technologies Co., Ltd. MediaTek, Inc., Nokia Corporation, Verizon Communications, Inc., AT&T, Inc., Vodafone Group Plc, Orange S.A., and Ericsson AB.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Application
- Alarms & Detectors
- Smart Meters
- Trackers
- Wearable Devices
- Smart Parking
- Smart Lighting
- Others
By Deployment Mode
- Guard
- Stand-alone
- In-band
By Vertical
- Infrastructure
- Energy & Utilities
- Automotive & Transportation
- Agriculture
- Healthcare
- Consumer Electronics
- Manufacturing
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Qualcomm, Inc
- Huawei Technologies Co., Ltd
- MediaTek, Inc
- Nokia Corporation
- Verizon Communications, Inc
- AT&T, Inc
- Vodafone Group Plc
- Orange S.A
- Ericsson AB
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Narrowband Internet of Things Market, by Component
1.4.2 North America Narrowband Internet of Things Market, by Application
1.4.3 North America Narrowband Internet of Things Market, by Deployment Mode
1.4.4 North America Narrowband Internet of Things Market, by Vertical
1.4.5 North America Narrowband Internet of Things Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Mar - 2022, Sep) Leading Players
Chapter 4. North America Narrowband Internet of Things Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Narrowband Internet of Things Market by Application
5.1 North America Alarms & Detectors Market by Country
5.2 North America Smart Meters Market by Country
5.3 North America Trackers Market by Country
5.4 North America Wearable Devices Market by Country
5.5 North America Smart Parking Market by Country
5.6 North America Smart Lighting Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Narrowband Internet of Things Market by Deployment Mode
6.1 North America Guard Market by Country
6.2 North America Stand-alone Market by Country
6.3 North America In-band Market by Country
Chapter 7. North America Narrowband Internet of Things Market by Vertical
7.1 North America Infrastructure Market by Country
7.2 North America Energy & Utilities Market by Country
7.3 North America Automotive & Transportation Market by Country
7.4 North America Agriculture Market by Country
7.5 North America Healthcare Market by Country
7.6 North America Consumer Electronics Market by Country
7.7 North America Manufacturing Market by Country
7.8 North America Others Market by Country
Chapter 8. North America Narrowband Internet of Things Market by Country
8.1 US Narrowband Internet of Things Market
8.1.1 US Narrowband Internet of Things Market by Component
8.1.2 US Narrowband Internet of Things Market by Application
8.1.3 US Narrowband Internet of Things Market by Deployment Mode
8.1.4 US Narrowband Internet of Things Market by Vertical
8.2 Canada Narrowband Internet of Things Market
8.2.1 Canada Narrowband Internet of Things Market by Component
8.2.2 Canada Narrowband Internet of Things Market by Application
8.2.3 Canada Narrowband Internet of Things Market by Deployment Mode
8.2.4 Canada Narrowband Internet of Things Market by Vertical
8.3 Mexico Narrowband Internet of Things Market
8.3.1 Mexico Narrowband Internet of Things Market by Component
8.3.2 Mexico Narrowband Internet of Things Market by Application
8.3.3 Mexico Narrowband Internet of Things Market by Deployment Mode
8.3.4 Mexico Narrowband Internet of Things Market by Vertical
8.4 Rest of North America Narrowband Internet of Things Market
8.4.1 Rest of North America Narrowband Internet of Things Market by Component
8.4.2 Rest of North America Narrowband Internet of Things Market by Application
8.4.3 Rest of North America Narrowband Internet of Things Market by Deployment Mode
8.4.4 Rest of North America Narrowband Internet of Things Market by Vertical
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Qualcomm, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.4 MediaTek, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.5 Nokia Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 Verizon Communications, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.7 AT&T, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 Vodafone Group Plc
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.9 Orange S.A.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 SWOT Analysis
9.10. Ericsson AB
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- Intel Corporation
- Qualcomm, Inc.
- Huawei Technologies Co., Ltd.
- MediaTek, Inc.
- Nokia Corporation
- Verizon Communications, Inc.
- AT&T, Inc.
- Vodafone Group Plc
- Orange S.A.
- Ericsson AB
Methodology
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