Narrowband IoT market is estimated to be valued at $ 16.7 million in 2017 and is expected to reach $ 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”
The report ” Narrowband IoT Market by Offering (Hardware, Software, Cellular Network, And Service), Device (Alarms & Detector, Smart Appliance, Tracker, Smart Meter, Wearable), Deployment Type, End-Use Application, & Geography – Global Forecast to 2022 “, analyses and studies the major market drivers, restraints, opportunities, and challenges in the emerging nations.
“Need for low-power consumption and low cost is expected to drive the NB-IoT market”
Browse detailed TOC, Tables, Figures, Charts and Companies mentioned in Narrowband IOT Market Report @ http://www.absolutereports.com/10365439
Narrowband IOT Market Drivers
Narrowband IOT Market Restraints
Narrowband IOT Market Opportunities
Narrowband IOT Market Challenges
“The market for digital substations with a voltage range of 220kV–550kV is expected to grow at a high rate during the forecast period”
Request sample PDF Narrowband IOT Market Report @
“The market in APAC is expected to grow at the highest rate during the forecast period.”
The digital substation market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The market growth can be attributed to the several initiatives taken up by the Government of India to improve its power and energy sector. Plans to build renewables with an energy capacity of 175GW by 2022, several schemes organized to revive distribution in utilities, and village electrification programs, among others, are some of the initiatives taken up by the Government of India.
Narrowband IOT Market Company Profiles
The report offers the Narrowband IOT Market analysis by systematically segmenting the market into four major geographies, namely
“Our Value Added Services provide you with 10% on demand customization with no additional costs”
Need Assistance (Content, Price, Sample and Discount), Ask us @
Reasons to Purchase the report
About Absolute Report:
Absolute Reports is an upscale platform to help key personnel in the business world in strategizing and taking visionary decisions based on facts and figures derived from in depth market research. We are one of the top report resellers in the market, dedicated towards bringing you an ingenious concoction of data parameters.
Mr. Ameya Pingaley
+1-408 520 9750
Email – firstname.lastname@example.org
For Latest News about Current Market Trends and Forecast Visit at: http://www.absolutereports.com/news/