The Latin America, Middle East and Africa Narrowband Internet of Things Market would witness market growth of 58.6% CAGR during the forecast period (2022-2028).
The growth of IoT devices in commercial applications is anticipated to enable the market to obtain an immense boost in the upcoming years. Furthermore, the developing NB-IoT ecosystem allows energy, utilities, and crucial infrastructure businesses to utilize vast IoT solutions to assist local communities and internal operations. Apart from this, the massive utilization of NB-IoT devices in several institutions across enterprises to enhance communication networks and operations substantiates market revenue. The rising embracement of IoT systems in several company systems and the developing digitization stimulates the market range.
The NB-IoT market is growing owing to the quick advancement and innovation in telecommunications technologies. The more modern and quick LTE technology is replacing the older, slower mobile communication networks because it can deliver high data speeds. As a result, there is now greater demand for faster speeds and better data throughputs. It is also projected that the advancement of 5G technology would surge the usage of NB-IoT.
Curitiba is considered as Brazil's most connected and smart city. In addition, Curitiba was a leader in developing the first Bus Rapid Transit (BRT) system, a network of bus lines that revolutionised how city residents get around. Additionally, the city offers its residents free internet access in public spaces. Projects including Fab Labs, urban farms, city navigation apps, and innovation clusters are being worked on in Curitiba.
In order to foster a creative atmosphere that will stimulate smart solutions in line with the fulfilment of the SDGs, Curitiba is promoting a smart city movement. Considering all this, it is projected that during the projection period, these variables will hasten the growth of the application of IoT in the smart cities. This would lead to regional market growth during the projection period.
The Brazil market dominated the LAMEA 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 $171.5 million by 2028. The Argentina market would register a CAGR of 59.4% during (2022 - 2028). Additionally, The UAE market is poised to grow at a CAGR of 58.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
The growth of IoT devices in commercial applications is anticipated to enable the market to obtain an immense boost in the upcoming years. Furthermore, the developing NB-IoT ecosystem allows energy, utilities, and crucial infrastructure businesses to utilize vast IoT solutions to assist local communities and internal operations. Apart from this, the massive utilization of NB-IoT devices in several institutions across enterprises to enhance communication networks and operations substantiates market revenue. The rising embracement of IoT systems in several company systems and the developing digitization stimulates the market range.
The NB-IoT market is growing owing to the quick advancement and innovation in telecommunications technologies. The more modern and quick LTE technology is replacing the older, slower mobile communication networks because it can deliver high data speeds. As a result, there is now greater demand for faster speeds and better data throughputs. It is also projected that the advancement of 5G technology would surge the usage of NB-IoT.
Curitiba is considered as Brazil's most connected and smart city. In addition, Curitiba was a leader in developing the first Bus Rapid Transit (BRT) system, a network of bus lines that revolutionised how city residents get around. Additionally, the city offers its residents free internet access in public spaces. Projects including Fab Labs, urban farms, city navigation apps, and innovation clusters are being worked on in Curitiba.
In order to foster a creative atmosphere that will stimulate smart solutions in line with the fulfilment of the SDGs, Curitiba is promoting a smart city movement. Considering all this, it is projected that during the projection period, these variables will hasten the growth of the application of IoT in the smart cities. This would lead to regional market growth during the projection period.
The Brazil market dominated the LAMEA 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 $171.5 million by 2028. The Argentina market would register a CAGR of 59.4% during (2022 - 2028). Additionally, The UAE market is poised to grow at a CAGR of 58.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Narrowband Internet of Things Market, by Component
1.4.2 LAMEA Narrowband Internet of Things Market, by Application
1.4.3 LAMEA Narrowband Internet of Things Market, by Deployment Mode
1.4.4 LAMEA Narrowband Internet of Things Market, by Vertical
1.4.5 LAMEA 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. LAMEA Narrowband Internet of Things Market by Component
4.1 LAMEA Solution Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA Narrowband Internet of Things Market by Application
5.1 LAMEA Alarms & Detectors Market by Country
5.2 LAMEA Smart Meters Market by Country
5.3 LAMEA Trackers Market by Country
5.4 LAMEA Wearable Devices Market by Country
5.5 LAMEA Smart Parking Market by Country
5.6 LAMEA Smart Lighting Market by Country
5.7 LAMEA Others Market by Country
Chapter 6. LAMEA Narrowband Internet of Things Market by Deployment Mode
6.1 LAMEA Guard Market by Country
6.2 LAMEA Stand-alone Market by Country
6.3 LAMEA In-band Market by Country
Chapter 7. LAMEA Narrowband Internet of Things Market by Vertical
7.1 LAMEA Infrastructure Market by Country
7.2 LAMEA Energy & Utilities Market by Country
7.3 LAMEA Automotive & Transportation Market by Country
7.4 LAMEA Agriculture Market by Country
7.5 LAMEA Healthcare Market by Country
7.6 LAMEA Consumer Electronics Market by Country
7.7 LAMEA Manufacturing Market by Country
7.8 LAMEA Others Market by Country
Chapter 8. LAMEA Narrowband Internet of Things Market by Country
8.1 Brazil Narrowband Internet of Things Market
8.1.1 Brazil Narrowband Internet of Things Market by Component
8.1.2 Brazil Narrowband Internet of Things Market by Application
8.1.3 Brazil Narrowband Internet of Things Market by Deployment Mode
8.1.4 Brazil Narrowband Internet of Things Market by Vertical
8.2 Argentina Narrowband Internet of Things Market
8.2.1 Argentina Narrowband Internet of Things Market by Component
8.2.2 Argentina Narrowband Internet of Things Market by Application
8.2.3 Argentina Narrowband Internet of Things Market by Deployment Mode
8.2.4 Argentina Narrowband Internet of Things Market by Vertical
8.3 UAE Narrowband Internet of Things Market
8.3.1 UAE Narrowband Internet of Things Market by Component
8.3.2 UAE Narrowband Internet of Things Market by Application
8.3.3 UAE Narrowband Internet of Things Market by Deployment Mode
8.3.4 UAE Narrowband Internet of Things Market by Vertical
8.4 Saudi Arabia Narrowband Internet of Things Market
8.4.1 Saudi Arabia Narrowband Internet of Things Market by Component
8.4.2 Saudi Arabia Narrowband Internet of Things Market by Application
8.4.3 Saudi Arabia Narrowband Internet of Things Market by Deployment Mode
8.4.4 Saudi Arabia Narrowband Internet of Things Market by Vertical
8.5 South Africa Narrowband Internet of Things Market
8.5.1 South Africa Narrowband Internet of Things Market by Component
8.5.2 South Africa Narrowband Internet of Things Market by Application
8.5.3 South Africa Narrowband Internet of Things Market by Deployment Mode
8.5.4 South Africa Narrowband Internet of Things Market by Vertical
8.6 Nigeria Narrowband Internet of Things Market
8.6.1 Nigeria Narrowband Internet of Things Market by Component
8.6.2 Nigeria Narrowband Internet of Things Market by Application
8.6.3 Nigeria Narrowband Internet of Things Market by Deployment Mode
8.6.4 Nigeria Narrowband Internet of Things Market by Vertical
8.7 Rest of LAMEA Narrowband Internet of Things Market
8.7.1 Rest of LAMEA Narrowband Internet of Things Market by Component
8.7.2 Rest of LAMEA Narrowband Internet of Things Market by Application
8.7.3 Rest of LAMEA Narrowband Internet of Things Market by Deployment Mode
8.7.4 Rest of LAMEA 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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