Press release
Global narrowband IoT chipset Market Predicted to Reach USD 181.1 Mn by 2025
Global narrowband IoT chipset Market
The global narrowband IoT chipset market was worth at USD 16.6 million in 2016 and is expected to grow at a CAGR of 61.06% during the forecast period to attain USD 181.1 million by 2025. Development of smart cities and smart buildings, and an increase in adoption of narrowband IoT chipset in emerging economies such as India, china and others, will create new openings for global narrowband IoT chipset market. NB-IoT implies narrowband Internet of things which is a wireless technology that allows several devices to connect across cellular telecommunication bands.
Browse details of research report developed on Global narrowband IoT chipset market @ https://www.researchcosmos.com/reports/global-narrowband-iot-chipset-market-forecast-2016-2025-industry-analysis-report/8829299
Drivers and Restraints:
The Global narrowband IoT chipset market is predicted to testify a telling growth rate on the back of a commanding network coverage and further number of connections provided with the help of narrowband IoT technology. Nevertheless, the global market is not reliant on just one or two growth aspects. The increase in the need for cellular IoT networks is estimated to raise the bar of growth. The deficit of high operational expenditure, standardization, fragmented nature of the market, and technological dependence for application are the leading aspects prognosticated to put the brakes on the development of the narrowband IoT chipset Industry. However, merchants in the world-wide narrowband IoT chipset market can keep their heads up with the surge in Internet penetration and an augmenting employment of the narrowband IoT technology.
Nevertheless, higher cost of operation and research and development, concerns for privacy and security of data, data transmission having lower speed are the key restraints for global narrowband IoT chipset market.
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Geographic Segmentation:
On the basis of geography, global narrowband IoT chipset market has been segmented into various areas like Europe, North America, Asia pacific and Rest of the world. The global market has been mainly dominated by North America, followed by Europe. The major companies in the Global Industrial Control and Factory Automation Market are Verizon Wireless (U.S.), AT&T Inc. (U.S.), Qualcomm Inc. (U.S.), Huawei Technologies Co. Ltd., (China), Nokia Corporation (Finland), Deutsche Telekom AG (Germany), and ZTE Corporation (China).
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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