Narrowband IoT Enterprise Application Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Narrowband IoT Enterprise Application Market is segmented by Enterprise Size (Small and Medium Enterprises, Large Enterprises), Application (Smart Governance, Smart Metering, Smart Asset Tracking), End-user Industry (Energy & Utilities, Retail, Aviation, Industrial Manufacturing, Transportation & Logistics), and Geography.

Narrowband IoT Enterprise Application Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Narrowband IoT Enterprise Application Industry Overview

The major companies include Huawei Technologies Co., Ltd, Telefonica S.A., AT&T, Telstra Corporation, among others. The market is highly competitive due to the presence of many major players who are competing among themselves and are also investing huge amounts in R&D for developing better, reliable smart products. Therefore, the market concentration will be low.

  • April 2020 - Deutsche Telekom signed its first NB-IoT roaming agreements with partners, including Vodafone, Swisscom, and Telia Company, which will be followed by a complete EU roaming footprint before the end of the year.
  • June 2019 - Huawei Technologies Co., Ltd partnered with Nowi Energy B.V in order to leverage its flagship NB-IoT device Soc with the Nowi' energy harvesting PMIC which will further drive new IoT applications requiring an ultra-low-power autonomous operation. The company will also deploy its Boudica V150 development board with integrated V150 NB-IoT SoC and battery charging circuity based on NOWI's NW-A2.3 PMIC Energy Harvesting device in order to counter the power bottleneck in many IoT applications.

Narrowband IoT Enterprise Application Market Leaders

  1. Vodafone Group PLC

  2. AT&T Inc.

  3. Telstra Corporation Limited

  4. Telefonica S.A.

  5. Deutsche Telekom AG

  6. *Disclaimer: Major Players sorted in no particular order
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