Key Findings
The North America Narrow-Band Internet of Things market is estimated to rise with a 40.81% CAGR during the forecast period of 2019-2027. The U.S. is expected to be a major contributor to this market. The major factors that are augmenting the growth of the global narrowband internet of things market in North America are the increasing innovation in the IoT technology in the region and the excellent start-up culture that has been persisting over time.

Market Insights
The narrowband Internet of Things market is segmented by deployment type, services, end-users, and devices. Wide commercial applications such as public sector, smart cities, and smart healthcare are predicted to boost the growth of the narrowband internet of things market in this region.

However, security and privacy of the data and low data transmission speed are holding back the market growth. The US market is mainly benefiting due to several US government policies encouraging the adoption of cloud. Though slower as compared to the United States, the Canadian narrow-band Internet of Things market is also affected by marketing around cloud-related products and services, with more concerns towards risk factors such as security, trusted vendors, and data integration.

Competitive Insights
Noted market players include Qualcomm Incorporated, CommSolid GmbH (acquired by Goodix), T-Mobile, Arm Holdings PLC, Verizon Communications Inc., U-Blox AG, AT&T Inc., Ericsson, Huawei Technologies Co. Ltd., Microsoft Corporation, Samsung Electronics Co. Ltd., Telit Communications PLC, Sprint Corporation, Intel Corporation, and Vodafone Group PLC.