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#News(General) [ via IoTGroup ]
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NB-IoT Market Size Worth $6.02 Billion by 2025
The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,0Auto extracted Text……
The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,020.2 million by 2025, registering a CAGR of 34.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc.
The growing demand for deployment of innovative technologies to track and monitor assets and people accurately in line with the smart city initiatives being pursued aggressively all around the world is expected to drive the growth of the market.
The module segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing number of IoT applications and declining manufacturing costs of NB-IoT modules
The tracker segment is anticipated to gain traction over the forecast period owing to the growing use of trackers for tracking and monitoring production processes and assets, particularly those which are difficult to monitor manually
The wearables segment is expected to witness the fastest growth over the forecast period due to the increasing demand for wearables such as fitness wristbands to monitor exercise activities and health monitoring devices to monitor the health status, as well as other dedicated wearables to track children and elderly people for safety purposes
Key players operating in the NB-IoT market include AT&T; Huawei Technologies Co., Ltd.; Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); MediaTek Inc.; T-Mobile US, Inc.; Intel Corporation; Nokia; Vodafone Group PLC; Sequans; Telefonaktiebolaget LM Ericsson; and Altair Semiconductor.
Narrowband-IoT, which is also known as LTE Cat NB1, happens to be a Low Power Wide Area (LPWA) network technology standard used to connect a wide range of smart sensors and devices using a wireless cellular network
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AutoTextExtraction by Working BoT using SmartNews 1.0299999999 Build 26 Aug 2019
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