Product ID: SQMIG45I2196
Global Narrowband-IoT (NB-IoT) Market Size, Share, Growth Analysis, By Component(Network, Module), By Deployment(In-band, Guard-band), By Application(Alarm & Detector, Smart Parking), By End Use(Automotive, Agriculture) - Industry Forecast 2024-2031
Report ID:
SQMIG45I2196 |
Region:
Global |
Published Date: May, 2024
Pages:
197
|
Tables:
125 |
Figures:
73
Global Narrowband-IoT (NB-IoT) Market Dynamics
Drivers
Rising Use of IoT Devices
- 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.
Demand for Scalable Connectivity
- Narrowband-IoT (NB-IoT) is highly affordable and scalable, which makes it a mainstay in the global IoT market. Companies are continually looking for affordable and scalable connectivity solutions, which will bring them to narrowband-IoT (NB-IoT) and boost market development.
Restraints
Deployment Challenges
- Deploying a narrowband IoT network can be a challenging task as significant investments in infrastructure development are required and this adds to the complexity of narrowband-IoT (NB-IoT) deployment thereby hurting market growth.
Lack of Standardization
- Narrowband-IoT (NB-IoT) technology is not yet standardized, and this lack of standardization is estimated to hurt market growth as it creates interoperability issues amidst different platforms.
Global Narrowband-IoT (NB-IoT) Market Report Snapshots
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