MRRS adds "Narrowband IoT Market by Offering, Device, Deployment Type, End-Use Application, & Geography – Global Forecast to 2022" latest studies,published in December 2016. It is a professional and in-depth study.

The narrowband IoT market is estimated to be valued at USD 16.7 million in 2017 and is expected to reach USD 181.02 million by 2022, growing at a CAGR of 61.06% during the forecast period. Long range connectivity and capability of consuming less power is expected to drive the demand for NB-IoT market. However, low-speed data transmission and privacy & security concerns are expected to restrict the growth of NB-IoT market.
“Increasing fraudulent activities such as theft and missing of shipment drives the demand for real-time tracking”
Trackers are expected to grow at the highest rate for the NB-IoT market during the forecast period. The narrowband IoT applications for tracking include logistic tracking, asset tracking, and pet tracking. Tracking devices are widely used by automotive & shipping industry to identify the status of their vehicles and shipping containers. Due to increasing fraudulent activities such as theft, missing shipments, and so on, the companies are using tracking device to get the real-time location of their vehicles and shipments.

Figure And Tables


TABLE 1 NB-IOT MARKET, BY OFFERING, 2017–2022 (USD THOUSAND) 52
TABLE 2 NB-IOT MARKET FOR HARDWARE, BY REGION, 2013–2022 (USD THOUSAND) 53
TABLE 3 NB-IOT MARKET FOR HARDWARE, BY REGION, 2017–2022 (THOUSAND UNITS) 53
TABLE 4 NB-IOT MARKET, BY SOFTWARE, 2017–2022 (USD THOUSAND) 54
TABLE 5 NB-IOT MARKET FOR SERVICES, 2013–2022 (USD THOUSAND) 57
TABLE 6 NB-IOT MARKET, BY DEPLOYMENT TYPE, 2017–2022 (USD THOUSAND) 61
TABLE 7 STANDALONE NB-IOT MARKET, BY END-USE APPLICATION, 
2018–2022 (USD THOUSAND) 62
TABLE 8 STANDALONE NB-IOT MARKET, BY REGION, 2018–2022 (USD THOUSAND) 63
TABLE 9 GUARD BAND NB-IOT MARKET, BY END-USE APPLICATION, 
 ...

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