US Private Narrowband IoT - Market Share Analysis, Industry Trends & Statistics, and Growth Forecasts 2020 - 2035
Posted On 13-09-2025
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The US Private Narrowband IoT (NB-IoT) market is poised for robust expansion, projected to grow from USD 210 million in 2025 to USD 1,760 million by 2035, registering a CAGR of 23.8% during the forecast period. Industry adoption is being driven by rising deployment of smart utilities, growing demand in industrial automation, and advances in reliable low-power Wide Area Network (LPWAN) solutions supported by major telecom operators and technology firms.
The economic impact of tariffs on "US Private Narrowband IoT".
US Private Narrowband IoT Market Growth Drivers
1. Accelerated Smart Metering and Utility Deployments: Major US utilities, such as Duke Energy, have partnered with technology providers to leverage NB-IoT for large-scale smart metering and grid automation projects. This strategic focus on energy optimization, real-time monitoring, and predictive maintenance is propelling deployment of private NB-IoT networks across the utility landscape, resulting in operational cost reductions and enhanced service reliability.
2. Industrial Automation and IoT Ecosystem Expansion: Industrial leaders, including Honeywell and Siemens, are rapidly integrating NB-IoT connectivity to optimize factory processes, supply chain monitoring, and equipment tracking. These implementations are favored due to NB-IoT’s deep penetration, security, and low power consumption, enabling a wide range of industrial use cases that require reliable, wide-area and long-battery-life connectivity.
US Private Narrowband IoT Market Trends
1. Growth of Private LTE/5G-NB-IoT Networks: Companies like Verizon and AT&T are rolling out private NB-IoT infrastructure alongside existing LTE and 5G networks to enable high-density device deployments across mission-critical applications in sectors such as healthcare, manufacturing, and logistics. This convergence allows enhanced scalability, security, and network slicing tailored to enterprise requirements.
2. Emergence of Cloud-Native NB-IoT Platform Services: Technology vendors such as Amazon Web Services (AWS) and Microsoft Azure have launched cloud-native NB-IoT device management and data analytics platforms supporting private network deployments. This trend is driving greater adoption due to rapid provisioning, seamless integration, and the ability to leverage AI-powered analytics on collected IoT data.
US Private Narrowband IoT Market Opportunities
1. Smart City Infrastructure Modernization: Cities are deploying private NB-IoT networks to enable connected street lighting, waste management, and environmental monitoring. Companies like Cisco have recently announced pilot projects with municipalities aimed at achieving higher operational efficiency and sustainability.
2. Healthcare Asset Tracking: The increasing demand for patient safety and equipment traceability has created an opportunity for NB-IoT-driven asset tracking solutions in hospitals. GE Healthcare is developing private NB-IoT-enabled solutions for device monitoring and predictive maintenance in clinical environments.
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US Private Narrowband IoT Market Revenue (USD Million), 2020-2035
The chart shows a steady and accelerating rise in US Private NB-IoT market revenue from 2020 to 2035. Starting at a modest USD 20 million in 2020, revenues steadily increase, reaching approximately USD 210 million in 2025. The market then grows rapidly, with a marked inflection point post-2027, surpassing USD 1,000 million by 2033 and peaking at USD 1,760 million in 2035. This growth trajectory reflects strong industry adoption, technological advancements, and expanding use cases across sectors—particularly in utilities, manufacturing, and smart cities. Continued investment by telecom operators and integration with private 5G networks will further accelerate market expansion, setting the stage for exponential revenue growth in the coming decade.
US Private Narrowband IoT Market by Region Share (%) - 2025
The pie chart illustrates regional market shares for private NB-IoT in the US for 2025. The South Atlantic region leads with 36%, driven by large urban hubs and progressive smart utility rollouts. The West follows with 24%, fueled by high-tech industry uptake and early smart city initiatives. The Midwest holds 18%, benefiting from industrial IoT deployments in manufacturing. The Northeast has a 15% share, reflecting strong adoption in healthcare and logistics. The Southwest, at 7%, is a growing region with a focus on agriculture and cross-border connected logistics. This distribution highlights how regional economic priorities influence NB-IoT adoption, with the South Atlantic and West spearheading growth.
US Private Narrowband IoT Recent Developments
1. In February 2024, AT&T announced collaboration with Ericsson to deploy private NB-IoT networks for several industrial parks in the Midwest region, focusing on enhancing predictive maintenance and logistics tracking. The solution leverages Ericsson’s latest IoT Accelerator platform to enable fast deployment and scalability for manufacturing enterprises.
2. In March 2024, Cisco launched a smart city pilot in partnership with the City of Atlanta, deploying private NB-IoT networks for connected street lighting, air quality monitoring, and waste management. The project aims to demonstrate significant cost savings, energy efficiency, and improved public services using real-time IoT data analytics.
3. In May 2024, Verizon unveiled its cloud-integrated NB-IoT management solution targeted at healthcare and logistics sectors. This platform offers secure device onboarding, over-the-air updates, and advanced data analytics, allowing hospital and supply chain operators to streamline asset tracking and improve regulatory compliance.
