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Global NB-IOT CHIPSET Market Outlook To 2027 Lead By Ericsson, Huawei, Intel, Mistbase Communication System, Nokia, Qualcomm Incorporated, Samsung, Sequans Communications S.A., Verizon Communications, Vodafone Group
Global NB-IOT CHIPSET Market
Some of the leading players in global market are Ericsson, Huawei Technologies Co. Ltd., Intel Corporation, Mistbase Communication System, Nokia Corporation, Qualcomm Incorporated, Samsung Electronics, Sequans Communications S.A., Verizon Communications, Vodafone Group PLC
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With the increasing application of IoT across the industries is fuelling the demand for NB-IoT chipset market. NB-IoT chipset offers power-efficient and the affordable connection between battery devices and the internet. NB-IoT chipset has an application from smart parking to smart lighting to smart utilities. Few of the leading vendors such as Vodafone and Huawei have successfully completed NB-IoT trial for smart parking in Spain and Italy. These developments have a significant positive impact on the growth of the market during the forecast period. The surging internet penetration, increasing connected device, and demand for low-cost connectivity is expected to fuel the market during the forecast period.
Factors such as surging adoption of connected devices and increasing adoption of IoT is a key factor driving the global NB-IoT chipset market during the forecast period. The government initiatives such as smart city projects are a creasing a significant demand for NB-IoT chipset market. The developing countries of the Asia Pacific such as China and India are the potential market for NB-IoT chipset market.
The global NB-IOT CHIPSET market is segmented on the basis of component, device, and application. Based on component, the market is segmented as hardware, software, and services. On the basis of device the market is segmented as Smart Appliances, Smart Meters, Trackers, Alarms and Detectors, Wearable Devices, and Others. The market on the basis of application is classified as Agriculture, Automotive and Transportation, Energy, Healthcare, Manufacturing, Retail, Safety and Security, Infrastructure, and Others.
The report aims to provide an overview of NB-IOT CHIPSET market with detailed market segmentation by component, device, application, and geography. The global NB-IOT CHIPSET market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading NB-IOT CHIPSET market players and offers key trends and opportunities in the market. The report analyzes factors affecting NB-IOT CHIPSET market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the NB-IOT CHIPSET market in these regions.
The reports cover key developments in the NB-IOT CHIPSET market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from NB-IOT CHIPSET market are anticipated to lucrative growth opportunities in the future with the rising demand for NB-IOT CHIPSET in the global market. Below mentioned is the list of few companies engaged in the NB-IOT CHIPSET market.
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