Narrowband-IoT Market Gets Boost from Innovations in Low-Cost IoT Hardware
The global narrowband IoT (NB-IoT) market size was valued at USD 4.16 billion in 2023 and is expected to reach USD 22.75 billion by 2030, growing at a CAGR of 28.1% from 2024 to 2030. This significant growth is attributed to the expanding adoption of IoT devices across various sectors. NB-IoT technology is particularly well-suited for use cases that demand wide coverage,...
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