Narrowband IoT (NB-IoT) Chipset Market by Deployment By Region – Global Opportunities & Forecast, 2020-2027

 

Global Narrowband IoT Chipset Market

The GMI Research projects that the Narrowband IoT Chipset Market will fuel at a faster rate over the forecast period.  The increasing acquisition of IoT devices and accelerating seepage of the interent are the chief forces that promote the growth of the market.

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Introduction of the Narrowband IoT Chipset Market

Narrowband IoT is the expeditiously growing LPWAN technology which does not functions in the licensed LTE construct. The NB-IoT on a licensed range assists in improving the dependence of users and offers a promising resource allowance required to manage QoS.

Narrowband IoT Chipset Market Dynamics

The increasing involvement of major industrial players in the establishment of NB-IoT and the rising implementation of connected devices are the foremost drivers steering the growth of the Narrowband IoT Chipset Market. The reduced prices of sensors have stimulated the endorsement of IoT across huge organisations. Thus, the growing usage of IoT throughout the nation will further pave the way for market growth. The NB-IoT enables a facilitated communications via superior connectivity; rising inclination for a smart and ecologist planet, and the less energy requirement are the exceptional features attracting extensive end-users towards the market.  Further, the soaring demand for connected devices for a global connectivity is likely to boost the deployment of IoT devices such as smart meters, parking solutions, and livestock supervision tools. Furthermore, the rising number of projects concerned with smart cities and buildings will proffer huge opportunities for the market.

Simultaneously, the robust demand for wearable devices, as a result of the widespread outburst of the coronavirus crisis will stimulate the Narrowband IoT (NB-IoT) Chipset Market Size. Further, the growing M2M communications has complemented the market growth, especially in the industrial sector.

Narrowband IoT Chipset Market Segmentation:

Segmentation by Deployment Type
  • Stand-Alone
  • Guard Band
  • In-Band
Segmentation by Device
  • Smart Parking
  • Smart Meters
  • Trackers
  • Alarms and Detectors
  • Smart Streetlights
  • Smart Appliances
  • Wearable Devices
  • Other Devices
Segmentation by Vertical
  • Agriculture
  • Automotive and Transportation
  • Energy and Utilities
  • Healthcare
  • Manufacturing
  • Safety and Security
  • Infrastructure
  • Building Automation
  • Consumer Electronics
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

GMI Research renowned market intelligence and consulting organisation is committed to support clients in handling the strategic business problems. Our market perceptions and acumen facilitate our clients with information not recognised by them.

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