Top Narrowband-IoT (NB-IoT) Companies

Narrowband-IoT (NB-IoT) Market size was valued at USD 1267.55 Million in 2024 and is poised to grow from USD 1774.56 Million in 2025 to USD 26188.83 Million by 2033, growing at a CAGR of 40% during the forecast period (2026–2033).

Narrowband-IoT (NB-IoT) companies should invest in research and development to enhance their offerings and improve coverage going forward. Narrowband-IoT (NB-IoT) market players can also collaborate with telecommunication and network providers to scale their offerings and create a robust network for IoT devices and connected devices. Narrowband-IoT (NB-IoT) providers can also work with regulatory bodies to create a proper standardization guide to maximize market growth potential.  'Huawei Technologies Co., Ltd. (China)', 'Qualcomm Incorporated (United States) ', 'Intel Corporation (United States) ', 'Nordic Semiconductor ASA (Norway) ', 'Sanechips Technology Co., Ltd. (China) ', 'Samsung Electronics Co., Ltd. (South Korea) ', 'MediaTek Inc. (Taiwan) ', 'Vodafone Group Plc (United Kingdom) ', 'Emirates Telecommunications Group Company PJSC (Etisalat) (United Arab Emirates) ', 'Telecom Italia S.p.A. (Italy) ', 'China United Network Communications Group Co., Ltd. (China Unicom) (China) ', 'Telefonaktiebolaget LM Ericsson (Sweden) ', 'Nokia Corporation (Finland) ', 'Verizon Communications Inc. (United States) ', 'Sierra Wireless, Inc. (Canada) ', 'u-blox Holding AG (Switzerland) ', 'Quectel Wireless Solutions Co., Ltd. (China) ', 'Sequans Communications S.A. (France) ', 'Cavli Wireless Pvt. Ltd. (India)'

IoT devices have found application in multiple industry verticals and thier growing demand is projected to favor narrowband-IoT (NB-IoT) market growth as well. Narrowband-IoT (NB-IoT) plays a vital role in ensuring connectivity of these IoT device networks.  

Integration with AI & Edge Computing: Narrowband-IoT (NB-IoT) companies should integrate their networks with artificial intelligence technology and link their offerings with edge computing applications. This integration will improve narrowband-IoT (NB-IoT) application scope in automation across different industry verticals and boost sales.

North America is estimated to account for a substantial share of the global narrowband-IoT (NB-IoT) market owing to the presence of key connected devices and network providers. Rapid adoption of IoT technologies, advancements in connectivity technology, and high demand for industrial IoT (IIoT) are other factors that help this region dominate the global narrowband-IoT (NB-IoT) market. The United States is expected to be the leading market for narrowband-IoT (NB-IoT) providers in this region going forward.