Technology News & Trends

  Increases number of competitors to encourage competition in the global  narrowband IoT (NB-IoT) market . Key players are deploying this technology to provide faster services to their customers and to gain competitive edge. Some of the noticeable players in the global narrowband IoT (NB-IoT) market are Quectel Wireless solutions Co. Ltd., Vodafone Group plc, u-blox, Etisalat Corporation, Huawei Technologies Co. Ltd., Nokia Corporation, and China Unicom. Leading players in the market are engaged in strategic decisions such as collaboration, partnership, expansion, and mergers. For example, China Unicom partnered with Huawei to launch NB-IoT based smart parking solution. This partnership will improve the operation management capabilities and efficiency in Shanghai. Other companies are also using this technology in areas and applications. Significant growth in IoT connections and applications, there are high chances of growth in the global narrowband IoT market. This market is e...

Some of the prominent participants in the global narrowband IoT market are Huawei Technologies Co. Ltd., Ericsson Corporation, Nokia Corporation, Quectel Wireless solutions Co. Ltd., Sierra Wireless, Deutsche Telekom, China Unicom, Qualcomm Technologies Inc., Vodafone Group plc, u-blox SEQUANS Communications SA, ZTE Corporation, Intel Corporation, China Telekom, and Etisalat Corporation. As per a report by Transparency Market Research (TMR), the global narrowband IoT market is expected to attain a value of US$1052.69 mn by the end of 2025, expanding at a jaw-dropping CAGR of 33.12% between 2017 and 2025. In terms of component, the key segments of the narrowband IoT market are hardware, software, and services. Hardware segment accounts for the leading share vis-à-vis revenue mainly because of the rising adoption of NB-IoT technology across a number of industry verticals. The growth of the global narrowband IoT market is primarily driven by growth in adoption of technology ...