Narrowband IOT (NB-IOT) Chipset Market 2019 Global Overview, Emerging Trends, Development Strategy, Company Profile, Future Plans, Segmentation and Regional Forecast 2023
Jun 17, 2019
Market Research Future published a research report on “Narrowband IOT Chipset Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India - June 17, 2019 /MarketersMedia/ —
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 Narrowband 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.
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Segmental Overview
The segmental analysis of the global narrowband IoT (NB-IoT) has been conducted on the basis of component, end-user, deployment, application and region.
By component, the market has been segmented into software, hardware and services. The hardware segment covers two sub-segments, namely modules and others. The services segment covers two sub-segments managed service and professional services. By end-user, the market has been segmented into energy and utility, retail, healthcare, transportation and logistics, agriculture and others. By deployment, the market has been segmented into standalone, in-band and guard band. By application, the market has been segmented into tracker, smart meter, smart appliance, alarms & detector, wearable and others.
Global Narrowband IoT (NB-IoT) Chipset Market: Regional Analysis
North America Largest Market for NB-IoT Chipset
On the basis of region, the global NB-IoT market has been segmented into Asia Pacific, Europe, North America, and rest of the world (RoW). In terms of revenue, the North America NB-IoT chipset market is expected to remain highly attractive during the forecast period. Countries such as the U.S. and Canada are early adopters of narrowband IoT which is viewed as a major drive of the market growth in the region. Rising demand for long-rang connectivity is also creating growth opportunities for NB-IoT chipset manufacturers present in the region.
Asia Pacific is also expected to present lucrative opportunities to market players in the forthcoming years. IoT boom and adopting of cloud computing is likely to have a positive impact on the APAC NB-IoT chipset market. Growing investment in smart cities in countries such as China, India, Taiwan among others is creating application opportunities for BN-IoT chipsets.
The market in Europe is also expected to witness an impressive growth during the forecast period. In terms of revenue, Europe makes a significant contribution to the global NB-IoT chipset market. Favorable policies and rapid deployment of new network technology in advanced countries in Europe provides an impetus to the market in the region.
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Intended Audience
• Research Organizations
• Chipset manufacturers
• System integrators
• Software developers
• Testing
• Government
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 525037
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