The Europe Narrowband Internet of Things Market would witness market growth of 51.2% CAGR during the forecast period (2022-2028).
Narrowband IoT is not created to substitute conventional 4G LTE range and different mobile networks. Instead, it is developed to operate beside them - offering inexpensive and reliable performance for low-powered IoT devices. Using NB-IoT would make the using IoT easier for commercial companies, industrial firms, and other consumers.
Providing LPWA connectivity via using authorized spectrum, mobile IoT technologies are propelling a significant growth of the IoT (Internet of Things) worldwide. These adaptable technologies are being developed to connect everything from digital locks and asset trackers to sensors monitoring the environment and smart meters. Standardized by 3GPP, the two-prime mobile IoT technologies - NB-IoT and LTE-M - are assisted by large number of equipment suppliers and mobile operators, allowing the ecosystem to get benefits from economies of low production range and deployment charges.
With the 2020 Smart City Model Projects Program in which 32 projects are funded with almost EUR 350 million, the German government is supporting the development of smart cities across the nation. Cities in Europe and Germany have expanded over time, digital technologies are being introduced, and enhancing existing infrastructures could be a long-time procedure.
Several German cities have evolved their smart city concepts under a single roof. By implementing initiatives like WiFi coverage throughout the entire city and intelligent parking systems, these are some of the UK cities that are setting the pace for the smart city revolution. The development of smart cities is propelling the growth of the NB-IoT market throughout the predicted period.
The Germany market dominated the Europe Narrowband Internet of Things Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $661.2 million by 2028. The UK market is showcasing a CAGR of 49.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 52.3% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, Smart Lighting, and Others. Based on Deployment Mode, the market is segmented into Guard, Stand-alone, and In-band. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare, Consumer Electronics, Manufacturing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Qualcomm, Inc., Huawei Technologies Co., Ltd. MediaTek, Inc., Nokia Corporation, Verizon Communications, Inc., AT&T, Inc., Vodafone Group Plc, Orange S.A., and Ericsson AB.
Narrowband IoT is not created to substitute conventional 4G LTE range and different mobile networks. Instead, it is developed to operate beside them - offering inexpensive and reliable performance for low-powered IoT devices. Using NB-IoT would make the using IoT easier for commercial companies, industrial firms, and other consumers.
Providing LPWA connectivity via using authorized spectrum, mobile IoT technologies are propelling a significant growth of the IoT (Internet of Things) worldwide. These adaptable technologies are being developed to connect everything from digital locks and asset trackers to sensors monitoring the environment and smart meters. Standardized by 3GPP, the two-prime mobile IoT technologies - NB-IoT and LTE-M - are assisted by large number of equipment suppliers and mobile operators, allowing the ecosystem to get benefits from economies of low production range and deployment charges.
With the 2020 Smart City Model Projects Program in which 32 projects are funded with almost EUR 350 million, the German government is supporting the development of smart cities across the nation. Cities in Europe and Germany have expanded over time, digital technologies are being introduced, and enhancing existing infrastructures could be a long-time procedure.
Several German cities have evolved their smart city concepts under a single roof. By implementing initiatives like WiFi coverage throughout the entire city and intelligent parking systems, these are some of the UK cities that are setting the pace for the smart city revolution. The development of smart cities is propelling the growth of the NB-IoT market throughout the predicted period.
The Germany market dominated the Europe Narrowband Internet of Things Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $661.2 million by 2028. The UK market is showcasing a CAGR of 49.9% during (2022 - 2028). Additionally, The France market would experience a CAGR of 52.3% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, Smart Lighting, and Others. Based on Deployment Mode, the market is segmented into Guard, Stand-alone, and In-band. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare, Consumer Electronics, Manufacturing, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Intel Corporation, Qualcomm, Inc., Huawei Technologies Co., Ltd. MediaTek, Inc., Nokia Corporation, Verizon Communications, Inc., AT&T, Inc., Vodafone Group Plc, Orange S.A., and Ericsson AB.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Application
- Alarms & Detectors
- Smart Meters
- Trackers
- Wearable Devices
- Smart Parking
- Smart Lighting
- Others
By Deployment Mode
- Guard
- Stand-alone
- In-band
By Vertical
- Infrastructure
- Energy & Utilities
- Automotive & Transportation
- Agriculture
- Healthcare
- Consumer Electronics
- Manufacturing
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Intel Corporation
- Qualcomm, Inc
- Huawei Technologies Co., Ltd
- MediaTek, Inc
- Nokia Corporation
- Verizon Communications, Inc
- AT&T, Inc
- Vodafone Group Plc
- Orange S.A
- Ericsson AB
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Narrowband Internet of Things Market, by Component
1.4.2 Europe Narrowband Internet of Things Market, by Application
1.4.3 Europe Narrowband Internet of Things Market, by Deployment Mode
1.4.4 Europe Narrowband Internet of Things Market, by Vertical
1.4.5 Europe Narrowband Internet of Things Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Mar - 2022, Sep) Leading Players
Chapter 4. Europe Narrowband Internet of Things Market by Component
4.1 Europe Solution Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Narrowband Internet of Things Market by Application
5.1 Europe Alarms & Detectors Market by Country
5.2 Europe Smart Meters Market by Country
5.3 Europe Trackers Market by Country
5.4 Europe Wearable Devices Market by Country
5.5 Europe Smart Parking Market by Country
5.6 Europe Smart Lighting Market by Country
5.7 Europe Others Market by Country
Chapter 6. Europe Narrowband Internet of Things Market by Deployment Mode
6.1 Europe Guard Market by Country
6.2 Europe Stand-alone Market by Country
6.3 Europe In-band Market by Country
Chapter 7. Europe Narrowband Internet of Things Market by Vertical
7.1 Europe Infrastructure Market by Country
7.2 Europe Energy & Utilities Market by Country
7.3 Europe Automotive & Transportation Market by Country
7.4 Europe Agriculture Market by Country
7.5 Europe Healthcare Market by Country
7.6 Europe Consumer Electronics Market by Country
7.7 Europe Manufacturing Market by Country
7.8 Europe Others Market by Country
Chapter 8. Europe Narrowband Internet of Things Market by Country
8.1 Germany Narrowband Internet of Things Market
8.1.1 Germany Narrowband Internet of Things Market by Component
8.1.2 Germany Narrowband Internet of Things Market by Application
8.1.3 Germany Narrowband Internet of Things Market by Deployment Mode
8.1.4 Germany Narrowband Internet of Things Market by Vertical
8.2 UK Narrowband Internet of Things Market
8.2.1 UK Narrowband Internet of Things Market by Component
8.2.2 UK Narrowband Internet of Things Market by Application
8.2.3 UK Narrowband Internet of Things Market by Deployment Mode
8.2.4 UK Narrowband Internet of Things Market by Vertical
8.3 France Narrowband Internet of Things Market
8.3.1 France Narrowband Internet of Things Market by Component
8.3.2 France Narrowband Internet of Things Market by Application
8.3.3 France Narrowband Internet of Things Market by Deployment Mode
8.3.4 France Narrowband Internet of Things Market by Vertical
8.4 Russia Narrowband Internet of Things Market
8.4.1 Russia Narrowband Internet of Things Market by Component
8.4.2 Russia Narrowband Internet of Things Market by Application
8.4.3 Russia Narrowband Internet of Things Market by Deployment Mode
8.4.4 Russia Narrowband Internet of Things Market by Vertical
8.5 Spain Narrowband Internet of Things Market
8.5.1 Spain Narrowband Internet of Things Market by Component
8.5.2 Spain Narrowband Internet of Things Market by Application
8.5.3 Spain Narrowband Internet of Things Market by Deployment Mode
8.5.4 Spain Narrowband Internet of Things Market by Vertical
8.6 Italy Narrowband Internet of Things Market
8.6.1 Italy Narrowband Internet of Things Market by Component
8.6.2 Italy Narrowband Internet of Things Market by Application
8.6.3 Italy Narrowband Internet of Things Market by Deployment Mode
8.6.4 Italy Narrowband Internet of Things Market by Vertical
8.7 Rest of Europe Narrowband Internet of Things Market
8.7.1 Rest of Europe Narrowband Internet of Things Market by Component
8.7.2 Rest of Europe Narrowband Internet of Things Market by Application
8.7.3 Rest of Europe Narrowband Internet of Things Market by Deployment Mode
8.7.4 Rest of Europe Narrowband Internet of Things Market by Vertical
Chapter 9. Company Profiles
9.1 Intel Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 SWOT Analysis
9.2 Qualcomm, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.4 MediaTek, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.5 Nokia Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 Verizon Communications, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.7 AT&T, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 Vodafone Group Plc
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.9 Orange S.A.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental Analysis
9.9.4 SWOT Analysis
9.10. Ericsson AB
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
Companies Mentioned
- Intel Corporation
- Qualcomm, Inc.
- Huawei Technologies Co., Ltd.
- MediaTek, Inc.
- Nokia Corporation
- Verizon Communications, Inc.
- AT&T, Inc.
- Vodafone Group Plc
- Orange S.A.
- Ericsson AB
Methodology
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