New Analysis from Global Industry Analysts Reveals Steady Growth for Narrowband IoT (NB-IoT) Enterprise Application, with the Market to Reach $95.4 Billion Worldwide by 2026

SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Narrowband IoT (NB-IoT) Enterprise Application - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 729
Companies: 37 - Players covered include AT&T; China Telecom; China Unicom; Deutsche Telekom; Etisalat; Orange S.A.; SK Telecom; Telefonica; Telstra; Vodafone Group Plc and Others.
Coverage: All major geographies and key segments
Segments: Smart Applications (Smart Metering, Smart Governance, Smart Buildings, Smart Asset Tracking, Other Smart Applications); Vertical (Energy & Utilities, Logistics & Transportation, Manufacturing, Retail, Healthcare, Agriculture, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Narrowband IoT (NB-IoT) Enterprise Application Market to Reach $95.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Narrowband IoT (NB-IoT) Enterprise Application estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$95.4 Billion by 2026, growing at a CAGR of 87.1% over the analysis period. Smart Metering, one of the segments analyzed in the report, is projected to record a 85.7% CAGR and reach US$61.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Governance segment is readjusted to a revised 89.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion in 2021, While China is Forecast to Reach $14.8 Billion by 2026
The Narrowband IoT (NB-IoT) Enterprise Application market in the U.S. is estimated at US$1.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.8 Billion by the year 2026 trailing a CAGR of 82.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 78.6% and 74.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 59.3% CAGR.

Smart Buildings Segment to Reach US$16.8 Billion by the year 2026
In the global Smart Buildings segment, USA, Canada, Japan, China and Europe will drive the 83.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$343.4 Million in the year 2020 will reach a projected size of US$24.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.