Narrowband IoT (NB-IoT) is a new fast growing wireless technology 3GPP cellular technology standard introduced in Release 13 that addresses the LPWA requirements of the IoT. that was Classified as a 5G technology, istandardized by 3GPP in 2016. It is fast emerging as the best in class a leading LPWAN technology to enable a wide range of new IIoT devices including smart parking, utilities, wearables, and industrial solutions.

The global NB IoT Technology market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.

This report aims to provide a comprehensive presentation of the global market for NB IoT Technology, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding NB IoT Technology.

Report Scope

The NB IoT Technology market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global NB IoT Technology market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the NB IoT Technology companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

Scope of NB IoT Technology Market Report

Report Metric	Details
Report Name	NB IoT Technology Market
Segment by Type	3G Cellular-based 4G Cellular-based 5G Cellular-based
Segment by Application	Smart Parking Utilities Wearable Industrial Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	Huawei, Nokia, Ericsson, Deutsche Telekom, ARM, Accent Advanced Systems, Rogers
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of NB IoT Technology companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

FAQ for this report

What is the NB IoT Technology Market share by region?

Ans: The total size of China's data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.

Who are the main players in the NB IoT Technology Market report?

Ans: The main players in the NB IoT Technology Market are Huawei, Nokia, Ericsson, Deutsche Telekom, ARM, Accent Advanced Systems, Rogers

What are the Application segmentation covered in the NB IoT Technology Market report?

Ans: The Applications covered in the NB IoT Technology Market report are Smart Parking, Utilities, Wearable, Industrial, Others

What are the Type segmentation covered in the NB IoT Technology Market report?

Ans: The Types covered in the NB IoT Technology Market report are 3G Cellular-based, 4G Cellular-based, 5G Cellular-based

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global NB IoT Technology Market Size Growth Rate by Type: 2019 VS 2023 VS 2030

1.2.2 3G Cellular-based

1.2.3 4G Cellular-based

1.2.4 5G Cellular-based

1.3 Market by Application

1.3.1 Global NB IoT Technology Market Growth by Application: 2019 VS 2023 VS 2030

1.3.2 Smart Parking

1.3.3 Utilities

1.3.4 Wearable

1.3.5 Industrial

1.3.6 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2 Global Growth Trends

2.1 Global NB IoT Technology Market Perspective (2019-2030)

2.2 NB IoT Technology Growth Trends by Region

2.2.1 Global NB IoT Technology Market Size by Region: 2019 VS 2023 VS 2030

2.2.2 NB IoT Technology Historic Market Size by Region (2019-2024)

2.2.3 NB IoT Technology Forecasted Market Size by Region (2025-2030)

2.3 NB IoT Technology Market Dynamics

2.3.1 NB IoT Technology Industry Trends

2.3.2 NB IoT Technology Market Drivers

2.3.3 NB IoT Technology Market Challenges

2.3.4 NB IoT Technology Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top NB IoT Technology Players by Revenue

3.1.1 Global Top NB IoT Technology Players by Revenue (2019-2024)

3.1.2 Global NB IoT Technology Revenue Market Share by Players (2019-2024)

3.2 Global NB IoT Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by NB IoT Technology Revenue

3.4 Global NB IoT Technology Market Concentration Ratio

3.4.1 Global NB IoT Technology Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by NB IoT Technology Revenue in 2023

3.5 NB IoT Technology Key Players Head office and Area Served

3.6 Key Players NB IoT Technology Product Solution and Service

3.7 Date of Enter into NB IoT Technology Market

3.8 Mergers & Acquisitions, Expansion Plans

4 NB IoT Technology Breakdown Data by Type

4.1 Global NB IoT Technology Historic Market Size by Type (2019-2024)

4.2 Global NB IoT Technology Forecasted Market Size by Type (2025-2030)

5 NB IoT Technology Breakdown Data by Application

5.1 Global NB IoT Technology Historic Market Size by Application (2019-2024)

5.2 Global NB IoT Technology Forecasted Market Size by Application (2025-2030)

6 North America

6.1 North America NB IoT Technology Market Size (2019-2030)

6.2 North America NB IoT Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030

6.3 North America NB IoT Technology Market Size by Country (2019-2024)

6.4 North America NB IoT Technology Market Size by Country (2025-2030)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe NB IoT Technology Market Size (2019-2030)

7.2 Europe NB IoT Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030

7.3 Europe NB IoT Technology Market Size by Country (2019-2024)

7.4 Europe NB IoT Technology Market Size by Country (2025-2030)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific NB IoT Technology Market Size (2019-2030)

8.2 Asia-Pacific NB IoT Technology Market Growth Rate by Region: 2019 VS 2023 VS 2030

8.3 Asia-Pacific NB IoT Technology Market Size by Region (2019-2024)

8.4 Asia-Pacific NB IoT Technology Market Size by Region (2025-2030)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9 Latin America

9.1 Latin America NB IoT Technology Market Size (2019-2030)

9.2 Latin America NB IoT Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030

9.3 Latin America NB IoT Technology Market Size by Country (2019-2024)

9.4 Latin America NB IoT Technology Market Size by Country (2025-2030)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa NB IoT Technology Market Size (2019-2030)

10.2 Middle East & Africa NB IoT Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030

10.3 Middle East & Africa NB IoT Technology Market Size by Country (2019-2024)

10.4 Middle East & Africa NB IoT Technology Market Size by Country (2025-2030)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 Huawei

11.1.1 Huawei Company Detail

11.1.2 Huawei Business Overview

11.1.3 Huawei NB IoT Technology Introduction

11.1.4 Huawei Revenue in NB IoT Technology Business (2019-2024)

11.1.5 Huawei Recent Development

11.2 Nokia

11.2.1 Nokia Company Detail

11.2.2 Nokia Business Overview

11.2.3 Nokia NB IoT Technology Introduction

11.2.4 Nokia Revenue in NB IoT Technology Business (2019-2024)

11.2.5 Nokia Recent Development

11.3 Ericsson

11.3.1 Ericsson Company Detail

11.3.2 Ericsson Business Overview

11.3.3 Ericsson NB IoT Technology Introduction

11.3.4 Ericsson Revenue in NB IoT Technology Business (2019-2024)

11.3.5 Ericsson Recent Development

11.4 Deutsche Telekom

11.4.1 Deutsche Telekom Company Detail

11.4.2 Deutsche Telekom Business Overview

11.4.3 Deutsche Telekom NB IoT Technology Introduction

11.4.4 Deutsche Telekom Revenue in NB IoT Technology Business (2019-2024)

11.4.5 Deutsche Telekom Recent Development

11.5 ARM

11.5.1 ARM Company Detail

11.5.2 ARM Business Overview

11.5.3 ARM NB IoT Technology Introduction

11.5.4 ARM Revenue in NB IoT Technology Business (2019-2024)

11.5.5 ARM Recent Development

11.6 Accent Advanced Systems

11.6.1 Accent Advanced Systems Company Detail

11.6.2 Accent Advanced Systems Business Overview

11.6.3 Accent Advanced Systems NB IoT Technology Introduction

11.6.4 Accent Advanced Systems Revenue in NB IoT Technology Business (2019-2024)

11.6.5 Accent Advanced Systems Recent Development

11.7 Rogers

11.7.1 Rogers Company Detail

11.7.2 Rogers Business Overview

11.7.3 Rogers NB IoT Technology Introduction

11.7.4 Rogers Revenue in NB IoT Technology Business (2019-2024)

11.7.5 Rogers Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

FEATURED COMPANIES

Accent Advanced Systems

Rogers

List of Tables

Table 1. Global NB IoT Technology Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030

Table 2. Key Players of 3G Cellular-based

Table 3. Key Players of 4G Cellular-based

Table 4. Key Players of 5G Cellular-based

Table 5. Global NB IoT Technology Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030

Table 6. Global NB IoT Technology Market Size by Region (US$ Million): 2019 VS 2023 VS 2030

Table 7. Global NB IoT Technology Market Size by Region (2019-2024) & (US$ Million)

Table 8. Global NB IoT Technology Market Share by Region (2019-2024)

Table 9. Global NB IoT Technology Forecasted Market Size by Region (2025-2030) & (US$ Million)

Table 10. Global NB IoT Technology Market Share by Region (2025-2030)

Table 11. NB IoT Technology Market Trends

Table 12. NB IoT Technology Market Drivers

Table 13. NB IoT Technology Market Challenges

Table 14. NB IoT Technology Market Restraints

Table 15. Global NB IoT Technology Revenue by Players (2019-2024) & (US$ Million)

Table 16. Global NB IoT Technology Market Share by Players (2019-2024)

Table 17. Global Top NB IoT Technology Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in NB IoT Technology as of 2023)

Table 18. Ranking of Global Top NB IoT Technology Companies by Revenue (US$ Million) in 2023

Table 19. Global 5 Largest Players Market Share by NB IoT Technology Revenue (CR5 and HHI) & (2019-2024)

Table 20. Key Players Headquarters and Area Served

Table 21. Key Players NB IoT Technology Product Solution and Service

Table 22. Date of Enter into NB IoT Technology Market

Table 23. Mergers & Acquisitions, Expansion Plans

Table 24. Global NB IoT Technology Market Size by Type (2019-2024) & (US$ Million)

Table 25. Global NB IoT Technology Revenue Market Share by Type (2019-2024)

Table 26. Global NB IoT Technology Forecasted Market Size by Type (2025-2030) & (US$ Million)

Table 27. Global NB IoT Technology Revenue Market Share by Type (2025-2030)

Table 28. Global NB IoT Technology Market Size by Application (2019-2024) & (US$ Million)

Table 29. Global NB IoT Technology Revenue Market Share by Application (2019-2024)

Table 30. Global NB IoT Technology Forecasted Market Size by Application (2025-2030) & (US$ Million)

Table 31. Global NB IoT Technology Revenue Market Share by Application (2025-2030)

Table 32. North America NB IoT Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 33. North America NB IoT Technology Market Size by Country (2019-2024) & (US$ Million)

Table 34. North America NB IoT Technology Market Size by Country (2025-2030) & (US$ Million)

Table 35. Europe NB IoT Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 36. Europe NB IoT Technology Market Size by Country (2019-2024) & (US$ Million)

Table 37. Europe NB IoT Technology Market Size by Country (2025-2030) & (US$ Million)

Table 38. Asia-Pacific NB IoT Technology Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030

Table 39. Asia-Pacific NB IoT Technology Market Size by Region (2019-2024) & (US$ Million)

Table 40. Asia-Pacific NB IoT Technology Market Size by Region (2025-2030) & (US$ Million)

Table 41. Latin America NB IoT Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 42. Latin America NB IoT Technology Market Size by Country (2019-2024) & (US$ Million)

Table 43. Latin America NB IoT Technology Market Size by Country (2025-2030) & (US$ Million)

Table 44. Middle East & Africa NB IoT Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030

Table 45. Middle East & Africa NB IoT Technology Market Size by Country (2019-2024) & (US$ Million)

Table 46. Middle East & Africa NB IoT Technology Market Size by Country (2025-2030) & (US$ Million)

Table 47. Huawei Company Detail

Table 48. Huawei Business Overview

Table 49. Huawei NB IoT Technology Product

Table 50. Huawei Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 51. Huawei Recent Development

Table 52. Nokia Company Detail

Table 53. Nokia Business Overview

Table 54. Nokia NB IoT Technology Product

Table 55. Nokia Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 56. Nokia Recent Development

Table 57. Ericsson Company Detail

Table 58. Ericsson Business Overview

Table 59. Ericsson NB IoT Technology Product

Table 60. Ericsson Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 61. Ericsson Recent Development

Table 62. Deutsche Telekom Company Detail

Table 63. Deutsche Telekom Business Overview

Table 64. Deutsche Telekom NB IoT Technology Product

Table 65. Deutsche Telekom Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 66. Deutsche Telekom Recent Development

Table 67. ARM Company Detail

Table 68. ARM Business Overview

Table 69. ARM NB IoT Technology Product

Table 70. ARM Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 71. ARM Recent Development

Table 72. Accent Advanced Systems Company Detail

Table 73. Accent Advanced Systems Business Overview

Table 74. Accent Advanced Systems NB IoT Technology Product

Table 75. Accent Advanced Systems Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 76. Accent Advanced Systems Recent Development

Table 77. Rogers Company Detail

Table 78. Rogers Business Overview

Table 79. Rogers NB IoT Technology Product

Table 80. Rogers Revenue in NB IoT Technology Business (2019-2024) & (US$ Million)

Table 81. Rogers Recent Development

Table 82. Research Programs/Design for This Report

Table 83. Key Data Information from Secondary Sources

Table 84. Key Data Information from Primary Sources

List of Figures

Figure 1. Global NB IoT Technology Market Size Comparison by Type (2024-2030) & (US$ Million)

Figure 2. Global NB IoT Technology Market Share by Type: 2023 VS 2030

Figure 3. 3G Cellular-based Features

Figure 4. 4G Cellular-based Features

Figure 5. 5G Cellular-based Features

Figure 6. Global NB IoT Technology Market Size Comparison by Application (2024-2030) & (US$ Million)

Figure 7. Global NB IoT Technology Market Share by Application: 2023 VS 2030

Figure 8. Smart Parking Case Studies

Figure 9. Utilities Case Studies

Figure 10. Wearable Case Studies

Figure 11. Industrial Case Studies

Figure 12. Others Case Studies

Figure 13. NB IoT Technology Report Years Considered

Figure 14. Global NB IoT Technology Market Size (US$ Million), Year-over-Year: 2019-2030

Figure 15. Global NB IoT Technology Market Size, (US$ Million), 2019 VS 2023 VS 2030

Figure 16. Global NB IoT Technology Market Share by Region: 2023 VS 2030

Figure 17. Global NB IoT Technology Market Share by Players in 2023

Figure 18. Global Top NB IoT Technology Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in NB IoT Technology as of 2023)

Figure 19. The Top 10 and 5 Players Market Share by NB IoT Technology Revenue in 2023

Figure 20. North America NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 21. North America NB IoT Technology Market Share by Country (2019-2030)

Figure 22. United States NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 23. Canada NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 24. Europe NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 25. Europe NB IoT Technology Market Share by Country (2019-2030)

Figure 26. Germany NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 27. France NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 28. U.K. NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 29. Italy NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 30. Russia NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 31. Nordic Countries NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 32. Asia-Pacific NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 33. Asia-Pacific NB IoT Technology Market Share by Region (2019-2030)

Figure 34. China NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 35. Japan NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 36. South Korea NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 37. Southeast Asia NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 38. India NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 39. Australia NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 40. Latin America NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 41. Latin America NB IoT Technology Market Share by Country (2019-2030)

Figure 42. Mexico NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 43. Brazil NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 44. Middle East & Africa NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 45. Middle East & Africa NB IoT Technology Market Share by Country (2019-2030)

Figure 46. Turkey NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 47. Saudi Arabia NB IoT Technology Market Size YoY Growth (2019-2030) & (US$ Million)

Figure 48. Huawei Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 49. Nokia Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 50. Ericsson Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 51. Deutsche Telekom Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 52. ARM Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 53. Accent Advanced Systems Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 54. Rogers Revenue Growth Rate in NB IoT Technology Business (2019-2024)

Figure 55. Bottom-up and Top-down Approaches for This Report

Figure 56. Data Triangulation

Figure 57. Key Executives Interviewed

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