Narrow Band Internet of Things Access Service Market size was valued at USD 2.45 Billion in 2024 and is projected to reach USD 9.76 Billion by 2033, exhibiting a CAGR of 17.2% from 2026 to 2033.
The global Narrow Band Internet of Things (NB IoT) Access Service Market was valued at approximately USD 1.65 billion in 2022 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 24.2% from 2023 to 2030. This growth is driven by the increasing demand for low power wide area networks (LPWAN) in applications such as smart cities, industrial automation, and agriculture. NB IoT access services are becoming essential for businesses looking to implement cost effective, scalable, and energy efficient IoT solutions. The market’s strong growth is further supported by the expansion of 5G infrastructure, which provides a better environment for NB IoT services to thrive.
Regionally, the NB IoT Access Service Market is experiencing significant growth in North America, Europe, and Asia Pacific. North America held the largest market share in 2022, with a value of approximately USD 0.65 billion, owing to strong demand in the U.S. and Canada for smart city projects and industrial IoT applications. Europe followed closely, valued at USD 0.55 billion, and is expected to grow steadily due to increased government investments in smart technologies. The Asia Pacific region, including China and India, is anticipated to witness the fastest growth during the forecast period, driven by the rapid expansion of mobile networks and increasing IoT adoption in various sectors. Opportunities for NB IoT access services are vast, particularly in emerging markets, where smart infrastructure is becoming a priority for urban and rural development.
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SES S.A
Inmarsat Global Limited
Iridium Communications Inc
Viasat
Inc
EchoStar Corporation
EarthLink LLC
Intelsat
EUTELSAT COMMUNICATIONS SA
ST Engineering iDirect
Inc
Singtel
KVH Mobile World
SpeedCast
Gilat Telecom
Skycasters
LLC
Hispasat
Nippon Telegraph and Telephone East Corporation
AT&T Intellectual Property
Deutsche Telekom AG
Verizon
Cambium Networks
Ltd
Intracom Telecom
China Telecom Global Limited
China Unicom (Hong Kong) Limited
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Narrow Band Internet of Things Access Service Market
LoRaWAN
NB-IoT (Narrowband Internet of Things)
Sigfox
Weightless
Smart Cities
Industrial Automation
Agriculture
Healthcare
Asset Tracking
Transportation and Logistics
Utilities
Manufacturing
Healthcare
Retail
Connectivity Management
Data Management
Device Management
Security Services
Sensors
Actuators
Gateways
Wearable Devices
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Narrow Band Internet of Things Access Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Narrow Band Internet of Things Access Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Narrow Band Internet of Things Access Service Market, By Type
6. Global Narrow Band Internet of Things Access Service Market, By Application
7. Global Narrow Band Internet of Things Access Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Narrow Band Internet of Things Access Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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