Global Narrowband IoT Market Analysis & Trends, 2019-2025

DUBLIN, Oct. 11, 2019 /PRNewswire/ -- The "Narrowband IoT (NB-IoT) - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Narrowband IoT (NB-IoT) market worldwide is projected to grow by US$838.6 Million, driven by a compounded growth of 32.2%.

Hardware, one of the segments analyzed and sized in this study, displays the potential to grow at over 34.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$484.5 Million by the year 2025, Hardware will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 36.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$25 Million to the region's size and clout in the next 5 to 6 years. Over US$39 Million worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Hardware will reach a market size of US$35.7 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 30.7% over the next couple of years and add approximately US$137.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

• Commsolid GmbH
• Ericsson AB
• Huawei Technologies Co., Ltd.
• Intel Corporation
• Nokia Corporation
• Qualcomm, Inc.
• Samsung Electronics Co., Ltd.
• Sequans Communications SA
• u-blox Holding AG
• Verizon Communications, Inc.
• Vodafone Group PLC

For more information about this report visit https://www.researchandmarkets.com/r/2qjo9i

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-narrowband-iot-market-analysis--trends-2019-2025-300937147.html

SOURCE Research and Markets