The UK NB-IoT market is estimated to grow at a CAGR of around 33.2% during the forecast period. The major factors that further contribute to the growth of the market include the developed ICT infrastructure, rising demand for cloud-based services due to availability of developed networking infrastructure in the country. The country has been a notable destination for cloud services due to its advanced economy and matures IT market. National, regional and local government and private companies are major buyers of cloud services. Large companies are adopting cloud technology more quickly than smaller firms, with uptake rates around 96% and 76%, respectively. Moreover, the high internet penetration rate has been acting as the major motivator of cloud services market in the region, that in turn drive the NB-IoT market. However, concern related to data privacy and security further projected to hinder the growth of the NB-IoT market during the forecast period 

The UK market for NB-IoT is segregated on the basis of deployment type and industry. Based on the deployment type, the market is further classified into guard band, in-band, and standalone. The guard band segment is projected to have a considerable growth in the UK market owing significant deployment of guard band networks in the enterprises. Based on the Industry, the UK NB-IoT market is further segmented into logistics & transportation, energy & utilities, agriculture, industrial manufacturing, healthcare, and others. The industrial segment estimated to have a considerable growth in the market owing to the growing adoption of automation and IoT solutions in the manufacturing industry.  

The companies which are contributing to the growth of the UK NB-IoT market include AT&T, Inc., Intel Corp., Orange SA, Sequans Communications S.A, Telia Company AB, Telefonaktiebolaget LM Ericsson, Vodafone Group Plc, and others. product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the UK NB-IoT market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their deployment catalog.

The report is intended for NB-IoT providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. UK NB-IoT Market Research and Analysis by Deployment Type
2. UK NB-IoT Market Research and Analysis by  Industry

The Report Covers

• Comprehensive research methodology of the UK NB-IoT market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK NB-IoT market.
• Insights about market determinants which are stimulating the UK NB-IoT market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.