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Narrowband - IoT Market -Share, Growth, Trends, Covid-19 Impact, And Forecast (2020- 2027)

Narrowband - IoT Market Scenario:
The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Narrowband - IoT Market. This MRFR report on the Narrowband - IoT Market indicates critical pointers that may emerge as growth hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market participants.
The global Narrowband - IoT Market is expected to grow over the CAGR of ~50% during the period 2021 to 2027 from USD ~10 million in 2027. Nb-iot is a type of M2M communication technology that is specifically optimized for internet of things (IoT). The Nb-iot modules only transmit small amount of infrequent data over long period of time. The Market of Nb-iot is showing healthy growth due to the various advantages offered over conventional M2M channels such as low cost, low power consumption, long battery backup, reliable connection with wide area coverage and deep penetration. The growing demand of low power connectivity solution and increasing interest in IoT platform are driving the market of Nb-iot.
In April 2016, Huawei and Vodafone announced the foundation of an Open IoT Lab for the product development and applications relating to Nb-iot technology. Many prominent vendors such as Huawei Technologies Co. Ltd., Emirates Telecommunications Corporation, Qualcomm Incorporated and Vodafone Group PLC among others are working towards making the IoT dream, a reality.
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Competitive Outlook:
The Major Key players of Narrowband IoT Market are: Huawei Technologies Co. Ltd. (China), Vodafone Group PLC (U.K.), Emirates Telecommunications Corporation (UAE), Telecom Italia (Italy), Qualcomm Incorporated (U.S.), China Unicom (China), Intel Corporation (U.S.), Ericsson (Sweden),
Nokia Networks (Finland), Verizon Communication (U.S.) among others.
Segmentation:
• Segmentation by Device Type (Tracker, Smart Metering, Wearable)
• Segmentation by Deployment (Stand Alone, Guard Band, In Band and)
• Segmentation by Vertical (IT, Manufacturing Agriculture, Healthcare, Automotive & Transportation)
Narrowband-IoT Market:
The usage of tracking devices and Smart meter is increasing among various industry such automotive & shipping industry, building automation, healthcare among others. Nb-iot offers wide coverage and low data rate transmission and is expected to be widely adopted by these industries for tracking and security applications among others. The increasing sensor deployment and machine-to-machine connectivity in order to manage the devices from remote locations are some of the major driving factors which are helping the Narrowband IoT Market to achieve new heights in upcoming years.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/narrowband-iot-market-...
Table of Contents:
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Continued….c

Read More:

1. https://www.marketwatch.com/press-release/video-surveillance-system...
2. https://www.marketwatch.com/press-release/process-orchestration-mar...

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Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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