Global Narrowband IoT (NB-IoT) Chipset Market: Synopsis
The detailed report published by Market Research Future (MRFR) projects that the global narrowband IoT chipset market is marked to exhibit remarkable expansion at a CAGR of 60% during the forecast period of 2017-2023. The global narrowband IoT chipset market is also anticipated to reach the market valuation of USD 265 Mn by the end of the forecast period. Rapid adoption of technologically advanced solutions, increasing demand for automation of services in multiple industrial sectors, rapid conversion of metropolitans into smart cities in the developed and developing countries, increased penetration and adoption of advanced technology in the developing countries, rise in awareness of the advantages of automation and increased government funding for automation of vital services in various industrial sectors are majorly propelling the growth of the global NB-IoT Chipset Market during the assessment period.
Key Players:
The key players profiled by Market Research Future (MRFR) that are operating in the global narrowband IoT (NB-IoT) chipset market are Intel Corporation (the U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Quectel Wireless Solutions Co. Ltd. (China), Qualcomm Technologies Inc., (the U.S.), Vodafone Group plc (the U.K) and others. Other key innovators operating in the global narrowband IoT (NB-IoT) chipset market are u-blox (Switzerland), ZTE Corporation (China), SEQUANS Communications SA (France), Nordic Semiconductor (Norway), Emirates Telecommunication Group (UAE), China Telecommunications Corporation (China), Sigfox (France), STMicroelectronics (the U.S.), Gemalto (the Netherlands) and others.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5993
Global Narrowband IoT (NB-IoT) Chipset Market: Segmental Analysis
The global narrow IoT (NB-IoT) chipset market has been segmented on the basis of device, component, deployment, and end-user.
- By component, the narrow IoT (NB-IoT) chipset market has been segmented into software, hardware, and services.
- By applications, the narrow IoT (NB-IoT) chipset market has been segmented into smart appliance, alarms & detector, wearable, tracker, smart meter, and others. Of these, the wearable segment is likely to gain prominence. The soaring market for wearable devices across entertainment, healthcare, sports and fitness, and others is creating demand for highly secure and low-power cellular networks.
- By deployment, the narrow IoT (NB-IoT) chipset market has been segmented into in-band, guard band, and standalone. Of these, guard band deployment is likely to acquire the major share as it offers several benefits such as reuse of antenna and RF modules of existing infrastructure, no additional spectrum cost, and no need for frequency planning.
- By end users, the market is classified into energy and utility, healthcare, retail, agriculture, transportation and logistics, and others. Of these, the energy and utility segment is predicted to gain prominence. This technology can be implemented for overall plant automation, supply chain optimization, process optimization, integrated business processes, and increased safety, thereby fulfilling corporate social responsibility.
Global Narrowband IoT (NB-IoT) Chipset Market: Regional Analysis
Geographically, the narrowband IoT (NB-IoT) chipset market spans across Europe, North America, Asia Pacific, and Rest of the World (RoW).
Considering the global scenario, North America is anticipated to acquire the major share in the global market, mainly due to the early adoption of narrowband IoT coupled with the existence of industry bigshots. The mounting demand for long-range connectivity is further contributing to the market growth in the region.
The Asia Pacific is estimated to showcase high growth rate during the assessment period due to the deployment of narrowband IoT technology with cloud computing. The soaring development of smart cities, especially in the developing economies like China, India, and China are highly influencing the growth of narrowband IoT chipsets in the region. In this region, China is predicted to lead the NB-IoT chipset market due to the presence of leading mobile operators like China Unicom and China Mobile.
Europe is considered to be one of the prime contributors in the narrowband IoT chipset market. The growth is credited to the existence of major platters, coupled with the implementation of new technology across industry verticals. The soaring government funding in the region is further influencing the market growth.
Get Complete Report @ https://www.marketresearchfuture.com/reports/narrowband-iot-chipset-market-5993
Intended Audience
- Research Organizations
- Chipset manufacturers
- System integrators
- Software developers
- Testing
- Government
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Media Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com