Key Narrowband IoT Market Players:
- Huawei Technologies Co., Ltd.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Qualcomm Technologies Inc.
- Ericsson AB
- Nokia Corporation
- Verizon Communications Inc.
- AT&T Inc.
- Vodafone Group Plc
- Sierra Wireless, Inc.
- Telit Cinterion
- ZTE Corporation
- u-blox Holding AG
- Sequans Communications S.A.
- Nordic Semiconductor ASA
- Morse Micro Pty. Ltd.
- Tata Communications Ltd.
The narrowband IoT market is projected to expand during the forecast timeline. Huawei remains a leading player in the market by leveraging its extensive infrastructure and partnerships across APAC. Verizon has emerged as a key player in the North America market and seeks to expand its NB-IoT coverage across the region. Additionally, emerging players are investing in R&D to improve the scope of application for NB-IoT and expand their revenue shares. Below are the major players of the narrowband IoT market:
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In 2025, the industry size of the narrowband IoT market is over USD 6.7 billion.
The global narrowband IoT market was valued at USD 6.7 billion in 2025 and is projected to reach USD 80.3 billion, expanding at a CAGR of 28.2% during the forecast timeline from 2026 to 2035.
The major players in the market are Huawei Technologies Co., Ltd., Qualcomm Technologies Inc., Ericsson AB, Nokia Corporation, Verizon Communications Inc., AT&T Inc., Vodafone Group Plc, Sierra Wireless, Inc., Telit Cinterion, and ZTE Corporation
The network segment is anticipated to hold a dominant share of 65.1% by 2035 and display lucrative growth opportunities during 2026-2035.
The Europe narrowband IoT market is projected to hold the largest share of 33.5% by the end of 2035 and provide more business opportunities in the future.
