#NarrowbandIoT #Market #Poised #Garner #USD
New York, US, Oct. 03, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Narrowband-IoT Market by Device Type, Deployment, by Vertical -Forecast 2030, the market is anticipated to acquire a valuation of approximately USD 207.82 billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 69.2% during the assessment timeframe.
Narrowband-IoT Market Overview
The global Narrowband-IoT Market is growing continually. The proliferation of IoT devices in industrial applications is expected to allow the market to gain huge momentum in the next six years. The expanding NB-IoT ecosystem enables utilities, energy, and other critical infrastructure industries to deploy massive IoT solutions supporting internal operations and local communities. Besides, vast deployments of NB-IoT devices in various organizations across industries to improve operations and improve their communication networks substantiate market revenues. Increasing adoption of IoT systems in various business systems, alongside the growing digitization, boosts market size.
Leading players in the Narrowband-IoT Market are-
- Vodafone Group PLC (UK)
- Verizon Communication (US)
- Huawei Technologies Co. Ltd. (China)
- Emirates Telecommunications Corporation (UAE)
- Qualcomm Incorporated (US)
- Telecom Italia (Italy)
- China Unicom (China)
- Ericsson (Sweden)
- Intel Corporation (US)
- Nokia Networks (Finland)
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Over the past few years, telecom equipment requirements are changing rapidly due to the emergence of 5G and new government policies, leading to a spurt in the telecom industry. Further, technology upgrades, as well as policy developments, are creating the right conditions for the development of the telecom ecosystem. Satellite-based service will be a key enabler for global NB-IoT deployments.
Recent extensions of satellite-based ground…
Read on GNW: Narrowband-IoT Market is Poised to Garner USD 207.82
