European Narrow Band (NB)-IoT Market Size, Share, Analysis, Industry Report and Forecast 2021-2027

 The European NB-IoT market is projected to grow at a significant CAGR of around 33.5% during the forecast period (2021-2027). One of the major factors that propel the market growth in the region includes cohesive IoT policies. For instance, IoT-EPI is a European Initiative that started in 2017. This initiative addresses the new EU-funded H2020 programs regarding the development of IoT platform. There are seven research and innovation projects at the core of IoT-EPI: BIG IoT, Inter-IoT, symbIoTe, AGILE, VICINITY, TagItSmart!, and bIoTope. These projects with a total funding of $61.32 million, and in partnership with 120 established companies and organizations, aim at the development of innovative platform technologies and foster technology adoption via community and business building.

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Another initiative proposed by the EU in January 2017 was the “European data economy” that contributed to the creation of a European single market for IoT. This initiative offers policy and legal solutions that concern the free flow of data across the national borders in the EU. In addition, it concerns the liability issues in complex environments such as the IoT one. Especially, liability is significant for enhancing the legal certainty around IoT products and services. The Digital Single Market (DSM) Strategy was adopted in May 2015. This strategy includes the elements that lead Europe a step further in accelerating the development of IoT. This strategy emphasizes the need to avoid fragmentation and to foster interoperability for NB- IoT for reaching its potential. 

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 European NB-IoT Market – Segmentation

 By Deployment Type

·        Guard Band

·        In-Band 

·        Standalone

By Industry

·        Logistics and Transportation

·        Energy & Utilities 

·        Agriculture

·        Industrial Manufacturing

·        Healthcare

·        Other (Retail)

European NB-IoT Market – Segmentation by Region

·        UK 

·        Germany

·        France

·        Italy 

·        Spain

Rest of Europe

 Company Profiles

·        AT&T, Inc.

·        Deutsche Telekom AG

·        Intel Corp.

·        Orange SA

·        Qualcomm Technologies, Inc.

·        Sequans Communications S.A.

·        Telefónica S.A

·        Telefonaktiebolaget LM Ericsson

·        Telia Company AB

·        Vodafone Group Plc

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1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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