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NarrowBand IoT (NB-IoT) Enterprise Application Market Worth 8,221.3 Million USD by 2022PUNE, India, November 18, 2016 /PRNewswire/ -- According to a new market research report "NarrowBand IoT (NB-IoT) Enterprise Application Market by Application Software, Technology Service, Vertical, Smart Application (Smart Governance, Smart Metering, Smart Homes, Smart Asset Tracking), and Region- Global Forecast to 2021", published by MarketsandMarkets, the NB-IoT enterprise application size is expected to grow from USD 320.5 Million in 2017 to USD 8,221.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 91.3% during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 88 market data Tables and 59 Figures spread through 136 Pages and in-depth TOC on "NarrowBand IoT (NB-IoT) Enterprise Application Market" http://www.marketsandmarkets.com/Market-Reports/narrowband-iot-enterprise-application-market-195605629.html The major drivers of this market include growing demand for Low-Power Wide Area Network (LPWAN) use cases across verticals, high deployment flexibility with GSM, WCDMA, or LTE, extended coverage, long battery life, and low deployment. Smart parking management is expected to be the most promising application software during the forecast period Smart parking management solution is expected to dominate the application software segment in the NB-IoT enterprise application market as the number of vehicles are increasing day by day, smart parking would help the management of vehicles, utilizing the parking space in an optimized way with the help of NB-IoT application software. Logistics tracking solutions is the second most dominating market in the NB-IoT enterprise application market. Managed services in the services segment is expected to grow at a fast rate in the NB-IoT enterprise application market Managed services is expected to grow at the highest CAGR in the services segment as these servicesassist companies in developing strong strategies and provide resources that allow them to manage the technology at a lower cost. Until recently, a majority of managed services have been adopted for very specific needs, but more competitors are ramping up to offer enterprise service models. Inquiry before Buying @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=195605629 Asia-Pacific (APAC) contributes the maximum market share in the NB-IoT enterprise application market APAC is expected to account for the largest share of the overall NB-IoT Enterprise Application Market at the highest CAGR during the forecast period. As this region is expected to witness a huge number of smart cities, it is likely to witness increase in the number implementation of smart applications and other advanced software. This would mark a rise in demand for NB-IoT platform for speed operation with optimized cost. The major vendors covered in the NB-IoT Enterprise Application Market for the study are Vodafone Group Plc (London, U.K.), China Mobile (China), China Telecom (Beijing, China), AT&T (Texas, U.S.), Etisalat (Abu Dhabi, UAE), Telstra (Melbourne, Australia), Orange S.A. (Paris, France), Telefonica (Madrid, Spain), SK Telecom (Seoul, South Korea), and Deutsche Telekom (Bonn, Germany). Browse Related Report Low Power Wide Area Network Market by Connectivity Technology (SIGFOX, LoRaWAN, Weigthless and Others), Technology Service, Network Deployment, Application, Verticals and Region - Global Forecast to 2021 http://www.marketsandmarkets.com/Market-Reports/low-power-wide-area-network-market-41351212.html Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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