Narrowband IoT (NB-IoT) Enterprise Application Market is expected to grow at a CAGR of 16.72% through 2030F
The
Global Narrowband IoT (NB-IoT) Enterprise Application Market is expected to be
led by the Energy and Utilities segment due to its widespread adoption of smart
metering and infrastructure monitoring solutions, during the forecast period 2026-2030F
According to TechSci Research report, “Narrowband IoT (NB-IoT) Enterprise
Application Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F, The Global Narrowband IoT (NB-IoT) Enterprise
Application Market was valued at USD 4.54 Billion in 2024 and is expected to
reach USD 11.48 Billion by 2030 with a CAGR of 16.72% through 2030.
Agriculture
and environmental sectors are undergoing a digital shift, embracing precision
farming and real-time ecosystem monitoring. NB‑IoT enables cost-effective deployment of large-scale sensor networks
measuring soil moisture, nutrient levels, weather conditions, and crop health.
Its long battery life and deep rural coverage make it ideal for farms, forests,
and remote environmental monitoring stations. Farmers can automate irrigation,
apply fertilizers based on real data, and detect anomalies—like pest
infestations—early on. As of 2024, an estimated 25 million sensors for
agriculture and environmental monitoring had been deployed across Asia and
Europe using NB IoT. These sensors enabled farmers to make data-driven
decisions for irrigation and fertilization while helping governments track air
and water quality. NB IoT’s robust coverage allowed devices to function
reliably in rural and remote environments.
Environmental
agencies and NGOs also benefit from NB‑IoT’s
capabilities. Sensors monitoring air quality, water levels, or wildlife
presence can be deployed in inaccessible areas and remain operational for
years. Governments can use this data to inform disaster response,
policy-making, and ecological conservation efforts. NB‑IoT’s affordability enables massive sensor
deployment, facilitating granular environmental intelligence previously
restricted by cost or connectivity limitations.
Government
investments in smart city programs are rapidly driving the adoption of NB-IoT
enterprise applications, particularly in traffic management, environmental
monitoring, waste collection, and public safety systems. Municipalities favor
NB-IoT because it offers low deployment and operational costs, long device
lifespans, and wide-area network coverage, even in underground or densely
constructed areas. Devices such as smart parking sensors, air quality monitors,
and connected street lighting are being widely deployed across urban centers,
many under public-private partnership models.
Several
countries, including China, South Korea, Germany, and the United Arab Emirates,
are actively embedding NB-IoT infrastructure in public systems. These
deployments enable local governments to gather critical real-time data, enhance
city services, and improve sustainability metrics such as energy efficiency and
carbon emissions. This trend is expected to gain momentum, especially as global
urban populations continue to rise and infrastructure modernization becomes a
political and economic priority. For technology providers and system
integrators, public sector partnerships are emerging as a high-potential
channel for long-term enterprise growth.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Narrowband IoT (NB-IoT) Enterprise Application Market"
In
2024, the IT and Telecom segment emerged as the fastest-growing end user
segment within the Global Narrowband IoT (NB-IoT) Enterprise Application
Market, driven by the increasing demand for reliable, low-power connectivity
solutions to support expanding networks of smart devices and services.
Telecommunications providers, in particular, have played a pivotal role by
deploying nationwide NB-IoT infrastructure to enhance coverage, especially in
hard-to-reach or remote areas. These networks support a growing portfolio of
enterprise solutions, including smart grid management, predictive maintenance,
and remote asset monitoring, making them integral to the digital transformation
strategies of telecom operators.
The
IT industry has also embraced NB-IoT to enable seamless data collection,
automation, and remote control across a broad array of IoT devices. The rise of
cloud computing, edge computing, and 5G integration has created synergies with
NB-IoT, allowing IT enterprises to deliver highly efficient, scalable, and
secure solutions for various industrial applications. Additionally, the shift
toward service-based business models has led IT and telecom companies to invest
in IoT-enabled platforms and managed services. As data-driven operations become
essential for enterprise competitiveness, the IT and Telecom segment is
expected to sustain its growth trajectory in the NB-IoT ecosystem.
In
2024, the Asia Pacific region emerged as the fastest-growing market in the
Global Narrowband IoT (NB-IoT) Enterprise Application Market, fueled by robust
government initiatives, rapid urbanization, and expanding industrial
automation. Countries such as China, India, South Korea, and Japan made
significant investments in smart city infrastructure, energy efficiency
programs, and agriculture digitization, all of which leverage NB-IoT technology
for real-time data transmission and low-power device connectivity. The presence
of major telecom operators and equipment manufacturers accelerated NB-IoT
network rollouts across both urban and rural areas. Additionally, supportive
policy frameworks and rising enterprise demand for cost-effective IoT
connectivity solutions have positioned Asia Pacific as a critical driver of
innovation and adoption in the global NB-IoT enterprise landscape.
Key
market players in the Narrowband IoT (NB-IoT) Enterprise Application Market are: -
- Huawei
Technologies Co., Ltd.
- Telefonaktiebolaget
LM Ericsson
- Nokia
Corporation
- Qualcomm
Incorporated
- Vodafone
Group Plc
- Deutsche
Telekom AG
- AT&T
Inc.
- Verizon
Communications Inc.
Download Free Sample Report
Customers can also request
for 10% free customization on this report.
“The
Global Narrowband IoT (NB-IoT) Enterprise Application Market is poised for
strong future growth, driven by expanding smart city initiatives, increasing
demand for low-power, wide-area connectivity, and rapid adoption in industries
like energy, logistics, agriculture, and utilities. As governments and
enterprises prioritize digital transformation and sustainability, NB-IoT
enables scalable, cost-effective deployment of connected devices for remote
monitoring and automation. Continued investments in 5G infrastructure,
satellite-NB-IoT integration, and cross-border roaming capabilities will
further accelerate global expansion. With advancements in interoperability and
device ecosystem support, NB-IoT is expected to become a key pillar of
enterprise IoT strategies worldwide over the next decade.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“Narrowband IoT (NB-IoT)
Enterprise Application Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, By Enterprise Size (Large Enterprise, SMEs), By
Application (Smart Metering, Smart Asset Tracking, Security Solutions, Smart
Parking Management, Others), By End User (BFSI, Manufacturing, IT and Telecom,
Healthcare, Retail, Energy and Utilities, Others), By Region & Competition, 2020-2030F” has evaluated the future growth
potential of Narrowband IoT (NB-IoT) Enterprise Application Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Narrowband IoT (NB-IoT) Enterprise Application
Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com