1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
1.1.1 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY REGION 16
2 MARKET INTRODUCTION
2.1 DEFINITION 17
2.2 SCOPE OF THE STUDY 17
2.3 RESEARCH OBJECTIVE 17
2.4 MARKET STRUCTURE 18
3 RESEARCH METHODOLOGY
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION 29
5.2 DRIVERS 30
5.2.1 INCREASING DEMAND FOR LPWAN 30
5.2.2 LOW POWER CONSUMPTION AND DEPLOYMENT COST 32
5.2.3 EXTENDED COVERAGE & HIGHER SECURITY 33
5.3 RESTRAINTS 34
5.3.1 COMPETITION FROM RIVAL LPWAN TECHNOLOGIES 34
5.3.2 LOW DATA TRANSMISSION SPEED 34
5.4 OPPORTUNITY 35
5.4.1 APPLICATION IN SMART CITY AND BUILDINGS 35
5.4.2 DEPLOYMENT OF INTELLIGENT CONNECTED DEVICES AND LPWAN-BASED DEVICES 36
5.4.3 NEED FOR CONNECTIVITY IN IOT APPLICATION 36
5.5 CHALLENGE 37
5.5.1 INSTALLATION ISSUES AND LESS ROAMING SUPPORT 37
5.6 TECHNOLOGY TREND 37
5.6.1 OFFERING INTEGRATED CHIPSET 37
6 MARKET FACTOR ANALYSIS
6.1 VALUE CHAIN ANALYSIS 38
6.1.1 OEMS 38
6.1.2 TELECOM OPERATORS (MNOS AND MVNOS) 38
6.1.3 INTEGRATORS 39
6.1.4 END-USER APPLICATION 39
6.2 PORTER’S FIVE FORCES MODEL 40
6.2.1 BARGAINING POWER OF SUPPLIERS 41
6.2.2 BARGAINING POWER OF BUYERS 41
6.2.3 THREAT OF NEW ENTRANTS 41
6.2.4 THREAT OF SUBSTITUTES 41
6.2.5 INTENSITY OF RIVALRY 41
7 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY APPLICATION
7.1 INTRODUCTION 42
7.2 REAL-TIME STREAMING ANALYTICS 42
7.3 ASSET TRACKING 42
7.4 SMART PARKING MANAGEMENT 42
7.5 SECURITY 42
7.6 LOGISTICS TRACKING 43
7.7 SOIL MONITORING 43
7.8 OTHERS 43
8 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT
8.1 INTRODUCTION 45
8.2 IN-BAND 45
8.3 STANDALONE 45
8.4 GUARD BAND 45
9 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY VERTICAL
9.1 INTRODUCTION 48
9.2 AGRICULTURE 48
9.3 LOGISTICS AND TRANSPORTATION 48
9.4 HEALTHCARE 48
9.5 INDUSTRIAL MANUFACTURING 49
9.6 ENERGY AND UTILITIES 49
9.7 OTHERS 49
10 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY REGION
10.1 OVERVIEW 51
10.2 NORTH AMERICA 53
10.2.1 US 54
10.2.2 CANADA 57
10.2.3 MEXICO 59
10.3 ASIA-PACIFIC 61
10.3.1 CHINA 63
10.3.2 JAPAN 65
10.3.3 INDIA 67
10.3.4 REST OF ASIA-PACIFIC 69
10.4 EUROPE 71
10.4.1 GERMANY 73
10.4.2 UK 74
10.4.3 FRANCE 77
10.4.4 REST OF EUROPE 79
10.5 REST OF THE WORLD 80
10.5.1 MIDDLE EAST AND AFRICA 82
10.5.2 SOUTH AMERICA 84
11 COMPANY PROFILES
11.1 AT&T 86
11.1.1 COMPANY OVERVIEW 86
11.1.2 FINANCIAL OVERVIEW 87
11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
11.1.4 KEY DEVELOPMENTS 88
11.1.5 SWOT ANALYSIS 88
11.1.6 KEY STRATEGIES 89
11.2 VERIZON COMMUNICATIONS 90
11.2.1 COMPANY OVERVIEW 90
11.2.2 ,FINANCIAL OVERVIEW 91
11.2.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 91
11.2.4 KEY DEVELOPMENTS 92
11.2.5 SWOT ANALYSIS 93
11.2.6 KEY STRATEGIES 93
11.3 CHINA MOBILE LIMITED 94
11.3.1 COMPANY OVERVIEW 94
11.3.2 FINANCIAL OVERVIEW 95
11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 95
11.3.4 KEY DEVELOPMENTS 96
11.3.5 SWOT ANALYSIS 96
11.3.6 KEY STRATEGIES 97
11.4 HUAWEI TECHNOLOGIES CO. LTD. 98
11.4.1 COMPANY OVERVIEW 98
11.4.2 FINANCIAL OVERVIEW 99
11.4.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 99
11.4.4 KEY DEVELOPMENTS 100
11.4.5 SWOT ANALYSIS 100
11.4.6 KEY STRATEGIES 101
11.5 INTEL CORPORATION 102
11.5.1 COMPANY OVERVIEW 102
11.5.2 FINANCIAL OVERVIEW 103
11.5.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 104
11.5.4 SWOT ANALYSIS 104
11.5.5 KEY STRATEGIES 105
11.6 TELEFÓNICA 106
11.6.1 COMPANY OVERVIEW 106
11.6.2 FINANCIAL OVERVIEW 106
11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 107
11.6.4 KEY DEVELOPMENTS 107
11.6.5 SWOT ANALYSIS 108
11.6.6 KEY STRATEGIES 108
11.7 VODAFONE GROUP PLC. 109
11.7.1 COMPANY OVERVIEW 109
11.7.2 FINANCIAL OVERVIEW 110
11.7.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 110
11.7.4 KEY DEVELOPMENTS 111
11.7.5 SWOT ANALYSIS 112
11.7.6 KEY STRATEGIES 112
11.8 ORANGE 113
11.8.1 COMPANY OVERVIEW 113
11.8.2 FINANCIAL OVERVIEW 114
11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 114
11.8.4 KEY DEVELOPMENTS 115
11.8.5 SWOT ANALYSIS 115
11.8.6 KEY STRATEGIES 116
11.9 CHINA UNICOM 117
11.9.1 COMPANY OVERVIEW 117
11.9.2 FINANCIAL OVERVIEW 118
11.9.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 118
11.9.4 KEY DEVELOPMENTS 119
11.9.5 SWOT ANALYSIS 119
11.9.6 KEY STRATEGIES 120
11.10 TELSTRA 121
11.10.1 COMPANY OVERVIEW 121
11.10.2 FINANCIAL OVERVIEW 122
11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED 122
11.10.4 KEY DEVELOPMENTS 123
11.10.5 SWOT ANALYSIS 123
11.10.6 KEY STRATEGIES 124
11.11 NOKIA 125
11.11.1 COMPANY OVERVIEW 125
11.11.2 FINANCIAL OVERVIEW 126
11.11.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 126
11.11.4 KEY DEVELOPMENTS 127
11.11.5 SWOT ANALYSIS 127
11.11.6 KEY STRATEGIES 128
11.12 ERICSSON 129
11.12.1 COMPANY OVERVIEW 129
11.12.2 FINANCIAL OVERVIEW 130
11.12.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 130
11.12.4 KEY DEVELOPMENTS 131
11.12.5 SWOT ANALYSIS 131
11.12.6 KEY STRATEGIES 132
11.13 QUALCOMM TECHNOLOGIES INC 133
11.13.1 COMPANY OVERVIEW 133
11.13.2 FINANCIAL OVERVIEW 134
11.13.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 134
11.13.4 KEY DEVELOPMENTS 135
11.13.5 SWOT ANALYSIS 136
11.13.6 KEY STRATEGIES 136
11.14 TELECOM ITALIA 137
11.14.1 COMPANY OVERVIEW 137
11.14.2 FINANCIAL OVERVIEW 138
11.14.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 138
11.14.4 KEY DEVELOPMENTS 139
11.14.5 SWOT ANALYSIS 139
11.14.6 KEY STRATEGIES 140
11.15 EMIRATES TELECOMMUNICATIONS CORPORATION 141
11.15.1 COMPANY OVERVIEW 141
11.15.2 FINANCIAL OVERVIEW 141
11.15.3 PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 142
11.15.4 KEY DEVELOPMENTS 142
11.15.5 SWOT ANALYSIS 143
11.15.6 KEY STRATEGIES 143
12 LIST OF TABLES
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 INDUSTRY-WISE APPLICATION OF LPWAN TECHNOLOGIES 30
TABLE 3 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 44
TABLE 4 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 47
TABLE 5 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 50
TABLE 6 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY REGION, 2020–2027 (USD MILLION) 52
TABLE 7 NORTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 53
TABLE 8 NORTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 53
TABLE 9 NORTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 54
TABLE 10 NORTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 54
TABLE 11 US PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 55
TABLE 12 US PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 55
TABLE 13 US PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 56
TABLE 14 CANADA PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 57
TABLE 15 CANADA PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 57
TABLE 16 CANADA PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 58
TABLE 17 MEXICO PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 59
TABLE 18 MEXICO PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 59
TABLE 19 MEXICO PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 60
TABLE 20 ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 61
TABLE 21 ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 62
TABLE 22 ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 62
TABLE 23 ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 63
TABLE 24 CHINA PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 63
TABLE 25 CHINA PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 64
TABLE 26 CHINA PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 64
TABLE 27 JAPAN PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 65
TABLE 28 JAPAN PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 65
TABLE 29 JAPAN PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 66
TABLE 30 INDIA PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 67
TABLE 31 INDIA PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 67
TABLE 32 INDIA PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 68
TABLE 33 REST OF ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 69
TABLE 34 REST OF ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 69
TABLE 35 REST OF ASIA-PACIFIC PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 70
TABLE 36 EUROPE PRIVATE NARROWBAND IOT MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 71
TABLE 37 EUROPE PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 71
TABLE 38 EUROPE PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 72
TABLE 39 EUROPE PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 72
TABLE 40 GERMANY PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 73
TABLE 41 GERMANY PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 73
TABLE 42 GERMANY PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 74
TABLE 43 UK PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 75
TABLE 44 UK PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 75
TABLE 45 UK PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 76
TABLE 46 FRANCE PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 77
TABLE 47 FRANCE PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 77
TABLE 48 FRANCE PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 78
TABLE 49 REST OF EUROPE PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 79
TABLE 50 REST OF EUROPE PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 79
TABLE 51 REST OF EUROPE PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 80
TABLE 52 REST OF THE WORLD PRIVATE NARROWBAND IOT MARKET, BY REGION, 2020–2027 (USD MILLION) 80
TABLE 53 REST OF THE WORLD PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 81
TABLE 54 REST OF THE WORLD PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 81
TABLE 55 REST OF THE WORLD PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 82
TABLE 56 MIDDLE EAST AND AFRICA PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 83
TABLE 57 MIDDLE EAST AND AFRICA PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 83
TABLE 58 MIDDLE EAST AND AFRICA PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 84
TABLE 59 SOUTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 84
TABLE 60 SOUTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020–2027 (USD MILLION) 85
TABLE 61 SOUTH AMERICA PRIVATE NARROWBAND IOT MARKET, BY VERTRICAL, 2020–2027 (USD MILLION) 85
TABLE 62 A&T: PRODUCTS/SOLUTIONS/SERVICES OFFERED 87
TABLE 63 AT&T: KEY DEVELOPMENTS 88
TABLE 64 VERIZON COMMUNICATIONS: SERVICES OFFERED 91
TABLE 65 VERIZON COMMUNICATIONS: KEY DEVELOPMENTS 92
TABLE 66 CHINA MOBILE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 95
TABLE 67 CHINA MOBILE LIMITED: KEY DEVELOPMENTS 96
TABLE 68 HUAWEI TECHNOLOGIES CO, LTD: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 99
TABLE 69 HUAWEI TECHNOLOGIES CO, LTD: KEY DEVELOPMENTS 100
TABLE 70 INTEL CORPORATION: PRODUCTS OFFERED 104
TABLE 71 TELEFÓNICA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 107
TABLE 72 TELEFÓNICA: KEY DEVELOPMENTS 107
TABLE 73 VODAFONE GROUP PLC: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 110
TABLE 74 VODAFONE GROUP PLC: KEY DEVELOPMENTS 111
TABLE 75 ORANGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 114
TABLE 76 ORANGE: KEY DEVELOPMENTS 115
TABLE 77 CHINA UNICOM: PRODUCTS OFFERED 118
TABLE 78 CHINA UNICOM: KEY DEVELOPMENTS 119
TABLE 79 TELSTRA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 122
TABLE 80 TELSTRA: KEY DEVELOPMENTS 123
TABLE 81 NOKIA: PRODUCTS OFFERED 126
TABLE 82 NOKIA: KEY DEVELOPMENTS 127
TABLE 83 ERICSSON : PRODUCTS OFFERED 130
TABLE 84 ERICSSON: KEY DEVELOPMENTS 131
TABLE 85 QUALCOMM TECHNOLOGIES: PRODUCTS OFFERED 134
TABLE 86 QUALCOMM TECHNOLOGIES: KEY DEVELOPMENTS 135
TABLE 87 TELECOM ITALIA : PRODUCTS OFFERED 138
TABLE 88 TELECOM ITALIA: KEY DEVELOPMENTS 139
TABLE 89 EMIRATES TELECOMMUNICATION GROUP: SOLUTIONS OFFERED 142
TABLE 90 EMIRATES TELECOMMUNICATION GROUP: KEY DEVELOPMENTS 142
13 LIST OF FIGURES
FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL PRIVATE NARROWBAND IOT MARKET 15
FIGURE 2 GLOBAL PRIVATE NARROWBAND IOT MARKET ANALYSIS, BY REGION 16
FIGURE 3 GLOBAL PRIVATE NARROWBAND IOT MARKET: STRUCTURE 18
FIGURE 4 BOTTOM-UP AND TOP-DOWN APPROACHES 24
FIGURE 5 NORTH AMERICA: PRIVATE NARROWBAND IOT MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 27
FIGURE 6 EUROPE: PRIVATE NARROWBAND IOT MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 27
FIGURE 7 ASIA-PACIFIC: PRIVATE NARROWBAND IOT MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 28
FIGURE 8 REST OF THE WORLD: PRIVATE NARROWBAND IOT MARKET SIZE & MARKET SHARE, BY COUNTRY (2020 VS 2027) 28
FIGURE 9 MARKET DYNAMIC ANALYSIS OF THE GLOBAL PRIVATE NARROWBAND IOT MARKET 29
FIGURE 10 LAUNCH OF KEY MOBILE NB-IOT COMMERCIAL NETWORKS, AS OF SEPTEMBER, 2020 31
FIGURE 11 DRIVER IMPACT ANALYSIS 33
FIGURE 12 RESTRAINT IMPACT ANALYSIS 35
FIGURE 13 VALUE CHAIN: GLOBAL PRIVATE NARROWBAND IOT MARKET 38
FIGURE 14 PORTER’S FIVE FORCES MODEL: GLOBAL PRIVATE NARROWBAND IOT MARKET 40
FIGURE 15 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020 (% SHARE) 43
FIGURE 16 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY APPLICATION, 2020 VS 2027 (USD MILLION) 44
FIGURE 17 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020 (% SHARE) 46
FIGURE 18 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY DEPLOYMENT, 2020 VS 2027 (USD MILLION) 46
FIGURE 19 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY VERTICAL, 2020 (% SHARE) 49
FIGURE 20 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY VERTICAL, 2020 VS 2027 (USD MILLION) 50
FIGURE 21 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY REGION, 2020 (% SHARE) 51
FIGURE 22 GLOBAL PRIVATE NARROWBAND IOT MARKET, BY REGION, 2020 VS 2027 (USD MILLION) 52