Narrowband IoT Chipset Market Size & Share - Industry Trend and Forecast 2016 - 2024

MarketResearchReports.Biz announces addition of new report "Narrowband IoT Chipset Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024" to its database.

The main objective of this report is to define, describe, and forecast the global “Narrowband IoT Chipset” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Global Narrowband IoT Chipset Market: Overview

The world narrowband IoT chipset market is foretold to offer a host of benefits and birth impressive use cases which could answer for the cellular IoT troubles. Vendors will be able to produce service-level agreements suitable for certain services such as those related to healthcare. Vodafone has stated that its upgrade costs could be kept low with the move to narrowband IoT. With the usage of licensed spectrum, narrowband IoT strongly competes with other low-power WAN (LPWAN) technologies such as LoRa and Sigfox. Besides this, narrowband IoT is pampered with a wider base of established vendors and telecom operators.

The global narrowband IoT chipset market could be segmented on the basis of application, device, stationing, and technology. All of the key areas of the market are broadly discussed so as to gain a deep insight into the industry.

The report on the international narrowband IoT chipset market is a profound study of the industry which presents some of the most conclusive factors deemed significant for any participant looking to cement its position.

Global Narrowband IoT Chipset Market: Trends and Opportunities

The demand in the world narrowband IoT chipset market is envisaged to testify a telling growth rate on the back of a commanding network coverage and more number of connections provided with the help of narrowband IoT technology. However, the global market is not dependent on just one or two growth factors. The surge in the need for cellular IoT networks is anticipated to raise the bar of growth. On an international platform, the demand could gain strength as consumers become aware of the lower component costs and improvised penetration coverage offered by the narrowband IoT technology.

The shortfall of standardization, high operational expenditure, fragmented nature of the market, and technological dependence for application are the main factors prognosticated to put the brakes on the growth of the narrowband IoT chipset industry. Nevertheless, vendors in the global narrowband IoT chipset market can keep their heads up with the surge in Internet penetration and an augmenting employment of the narrowband IoT technology.

Global Narrowband IoT Chipset Market: Geographical Study

Some of the top aspects of a significant growth expected on the part of the Asia Pacific narrowband IoT chipset market are the enhancement of the IoT technology furthered with the help of government grants and rapid rise of Internet application. As a result, the region is predicted to record a higher advancement in the global market. South Korea, India, Japan, and China could be the top countries primed for a convincing growth in Asia Pacific.

North America is prophesied to secure a lion’s share in the global narrowband IoT chipset market as the government plans to develop smart cities with mammoth investments in place. Another major factor deemed responsible for the heavy growth in North America could be the presence of sundry communication networks resulting from vast Internet penetration.

Global Narrowband IoT Chipset Market: Competition

Among others, Vodafone Group PLC, U-Blox Holding AG, Ericsson, MistBase AB, and Huawei Technologies Co. Ltd. are foretold to present themselves as major players in the international narrowband IoT chipset market. The report presents a detailed profiling of each player along with an analysis of their key developments and future plans.

Intel XMM 7115 is expected to be a breakthrough modem designed to support the first batch of industrial applications and devices based on narrowband IoT. Intel has taken confident strides forward for exploiting opportunities in the IoT market by collaborating with Nokia and Ericsson and achieving momentum for its long-term evolution (LTE) portfolio.

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Market segmentation based on geography:

North America
Asia Pacific
Europe
Rest of the World
This report gives access to decisive data, such as:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years
Key highlights of this report include:

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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