Private Narrowband IoT Market Outlook, Geographical Segmentation, Industry Size & Share, Comprehensive Analysis to 2030
Market Research Future (MRFR) expects the private narrowband-internet of things/NB-IoT market Size USD 28.74 Billion (2030) is expected to grow at a CAGR of 43.53% from the year 2020–2030. We will provide COVID-19 impact analysis with the report, detailing the key developments that followed the coronavirus disease outbreak.
Private Narrowband-IoT (NB‑IoT) Market has been considered for application, deployment and vertical.
The main application areas of private narrowband IoT include asset tracking, logistics tracking, security, smart parking management, soil monitoring, real-time streaming analytics, and others. In 2019, smart parking management took the lead in the market since NB-IoT powered vehicle detectors use low power and also have a lifespan of five years. Moreover, NB-IoT-based smart parking systems enable companies to better monitor their parking places and achieve more revenue in the process.
The key deployment models discussed in the market study are standalone, guard band and in-band. In 2019, the guard band segment seized the biggest portion in the market.
The various industry verticals that deploy the private narrowband IoT are energy and utilities, agriculture, logistics and transportation, industrial manufacturing, healthcare, and more. The industrial manufacturing vertical has been leading segment since 2019. In this vertical, NB-IoT finds widespread applications in safety and security, warehouse monitoring, smart lighting, asset tracking, infrastructure monitoring and smart parking.
Free Sample Copy – Obtain a free copy of our sample report to get a taste of our research expertise.
Some of the private NB‑IoT market leaders profiled by MRFR include China Unicom, Telstra, Intel Corporation, Huawei Technologies Co. Ltd, Nokia, Ericsson, Qualcomm Technologies Inc., AT&T, Orange, Telefónica, Verizon Communications, Emirates Telecommunications Corporation, China Mobile Limited, Vodafone Group Plc., Telecom Italia, to mention a few.
In today’s interconnected world, the Internet of Things (IoT) has become a crucial aspect of our daily lives, enabling seamless communication and connectivity between various devices. However, as the IoT continues to expand, there is a growing need for private networks that can offer enhanced security and efficiency. In this article, we will explore the concept of Private Narrowband IoT (NB-IoT) and its significance in achieving secure and reliable connectivity. We will delve into the features, benefits, and potential applications of Private NB-IoT, highlighting its role in shaping the future of IoT technology.
Private Narrowband IoT: Unlocking Secure and Efficient Connectivity
The Internet of Things (IoT) has revolutionized the way we interact with technology, enabling devices to seamlessly communicate with each other. However, the widespread adoption of IoT devices has raised concerns about security and privacy. To address these issues, Private Narrowband IoT (NB-IoT) has emerged as a viable solution, offering secure and efficient connectivity for various applications.
What is Private Narrowband IoT?
Private NB-IoT refers to a dedicated, licensed spectrum that allows organizations to create their own private networks. It utilizes the narrowband technology, which enables long-range and low-power connectivity, making it ideal for IoT applications. This technology leverages existing cellular infrastructure, providing reliable and widespread coverage.
Benefits of Private NB-IoT:
- Enhanced Security: One of the primary advantages of Private NB-IoT is its focus on security. By creating private networks, organizations can implement robust security measures tailored to their specific needs. This ensures that sensitive data transmitted between devices remains secure and protected from unauthorized access.
- Reliable Connectivity: Private NB-IoT networks offer excellent coverage, even in remote or challenging environments. The narrowband technology allows devices to communicate over long distances while consuming minimal power. This reliability is crucial for applications such as industrial automation, smart cities, and agriculture, where consistent connectivity is essential.
- Scalability and Flexibility: Private NB-IoT networks can be easily scaled and customized to meet the requirements of diverse IoT applications. Whether it’s monitoring a vast network of sensors or connecting a limited number of devices, private networks offer the flexibility to adapt to specific needs without compromising security or efficiency.
Applications of Private NB-IoT:
- Industrial Automation: Private NB-IoT networks play a vital role in industrial automation, enabling efficient machine-to-machine communication and real-time monitoring. With secure connectivity, businesses can optimize their operations, reduce downtime, and enhance productivity while maintaining a safe working environment.
- Smart Cities: Private NB-IoT facilitates the development of smart cities by providing connectivity for various applications, including smart lighting, waste management, parking systems, and environmental monitoring. These networks enable municipalities to collect valuable data, streamline services, and improve the quality of life for residents.
- Agriculture: Private NB-IoT has significant implications for agriculture, enabling farmers to monitor soil conditions, weather patterns, and crop health remotely. By leveraging IoT devices and private networks, farmers can optimize resource allocation, minimize water usage, and increase overall productivity.
Private Narrowband IoT offers a promising solution to the security and connectivity challenges faced by traditional IoT networks. With enhanced security measures, reliable connectivity, and the ability to customize networks for specific applications, private NB-IoT networks are paving the way for a more secure and efficient IoT ecosystem.