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    US Private Narrowband IoT Market

    ID: MRFR/ICT/11297-HCR
    100 Pages
    Garvit Vyas
    September 2025

    US Global Private Narrowband IoT Market Research Report Information by Application (Real-Time Streaming Analytics, Asset Tracking, Smart Parking Management, Security, Logistics Tracking,  Soil Monitoring and others), Deployment (In-Band, Standalone, Guard Band), Vertical (Agriculture, Logistics and Transportation,  Healthcare, Industrial Manufacturing, Energy And Utilities and others) by Region - Forecast till 2030

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    US Private Narrowband IoT Market Infographic
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    Summary Table of Contents Segmentation Infographic

    US Private Narrowband IoT Market Summary

    The US Private Narrowband IoT market is projected to grow from 2.5 USD Billion in 2024 to 12.5 USD Billion by 2035, reflecting a robust growth trajectory.

    Key Market Trends & Highlights

    Private Narrowband IoT Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 15.76% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 12.5 USD Billion, indicating substantial expansion.
    • In 2024, the market is valued at 2.5 USD Billion, laying a solid foundation for future growth.
    • Growing adoption of Private Narrowband IoT due to increasing demand for efficient connectivity solutions is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.5 (USD Billion)
    2035 Market Size 12.5 (USD Billion)
    CAGR (2025 - 2035) 15.76%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Key Companies in the US Private Narrowband IoT Market market include

    Report Scope

    Report Attribute/Metric Details
      Market Size   USD 28.74 Billion (2030)
      CAGR   43.53% (2020-2030)
      Base Year   2019
      Forecast Period   2020-2030
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   by Application, Deployment
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   AT&T, Verizon Communications, China Mobile Limited, Huawei technologies co. Ltd., Intel Corporation, Telefónica, Vodafone Group Plc., Orange, China Unicom, Telstra, Nokia, Ericsson, Qualcomm Technologies Inc, Telecom Italia, Emirates Telecommunications Corporation.
      Key Market Opportunities   The growing tech-savvy population and continued adoption of emerging technologies for personal and business applications are some of the other major factors driving the growth of the private narrowband IoT market in North America.
      Key Market Drivers   The market is driven by increasing demand for low-power wide-area network (LPWAN), globally. Also, since private NB-IoT offers several benefits including low deployment cost and long battery life, it is deployed for a number of applications including industrial manufacturing, logistics and transportation, energy & utilities, agriculture, and healthcare among others, thereby driving the overall market.
    US Private Narrowband IoT Market Infographic
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    Customer Stories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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