Advancements in Narrowband IoT Chipsets are Boosting their Sales

The booming Internet of Things (IoT) market is boosting demand for the more promising low power wide area (LPWA) technologies that are able to offer better connectivity and coverage for low bandwidth solution. And narrowband IoT is a subscription-based technology which is capable of fulfilling the requirements. These advantages of narrowband IoT makes it a competitor of other LPWA technologies including Sigfox and LoRa.

Additionally, development of chipsets like the Huawei’s advanced chipset with cellular connectivity, digital security, and high efficiency is impacting positively on the market.

Due to the advancements in narrowband chipsets, the trend of adoption of narrowband IoT into new devices such as mobiles, smart home devices, and smart home appliances is expected to continue over the forecast period.

Despite a number of new entrants and extensive competition, the major players such as Vodafone Group PLC, Ericsson, U-Blox Holding AG, MistBase AB, and Huawei Technologies Co. Ltd hold a significant share in the narrowband IoT chipset market. Among the others, Intel Corporation has demonstrated the working model of narrowband IoT model by collaborating with market giants like Nokia and Ericsson at the Mobile World Congress 2018. Whereas, new entrants, namely Sony’s Altair, Huawei’s Neul, ARM’s NextG-Com, MistBase, and others, are seen making huge investments in the narrowband IoT chipsets market.

Request PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16490

As per a report by Transparency Market Research, the narrowband IoT chipsets market will likely witness a phenomenal 37.9% CAGR over the forecast period from 2017 to 2025. Rising at this pace, the market which was valued at US$45.0 mn in 2016 is expected to rise to US$ 793.7 mn by the end of 2025.

Here are some of the important pointers for companies wanting to bet right on the narrowband IoT chipsets market:

Narrowband IoT is a less expensive cellular connectivity which has eliminated the need of the gateway to collect sensor data for communicating with the main server. This is because narrowband IoT sends the data directly to the main server. These advantages, are boosting the growth of the market.

Narrowband IoT chipset, despite having low speed is a highly reliable data transfer mode that costs less and has better connectivity. This advantage is also driving the growth of the narrowband IoT chipsets market.

These chipsets work brilliantly in the environmental sensors for determining wind, temperature, and pressure. In addition, growing adoption of technology in the different sectors including healthcare and agricultural will create a potential opportunity for the players present in the narrowband IoT chipsets market.

However, high initial investment and technological dependency on hardware, modem, and mobile carriers are hindering growth of the narrowband IoT chipsets market.

Among various deployment methods including guardband, inband, and standalone, guardband is expected to witness the highest growth over the forecast years as it helps to avoid interference and crosstalk between two different frequency ranges. Narrowband IoT chipset is spread across regions such as North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Among them, Asia Pacific is predicted to hold the largest share and also grow the fastest over the forecast period owing to the spike in uptake of smart meter devices and penetration of concepts like smart city across countries in the region including Singapore, India, and China. Also, the presence of several key players in the region is contributing in boosting sale of chipsets.

Report TOC: https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=16490

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com Blog: https://factsntrends.com/

This release was published on openPR.