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(Wireless-NewsWire.Com, September 28, 2018 ) According to Verified Market Intelligence, the Global Narrowband IoT Chipset Market was valued at USD 15.9 Million in 2017 and is projected to reach USD 201.3 Million by 2025, growing at a CAGR of 60.3% from 2018 to 2025.
Narrowband IoT or narrowband Internet of Things is wireless technology that has been developed in rennet times. This technology enables several solutions and devices such as wearables, utilities, industrial solutions as well as smart parking. The wireless technology is extremely reliable and is able to connect large amounts of devices. The advantage of the Global Narrowband IoT Chipset Market is that it is able to connect large amounts of devices while simultaneously maintain the power consumption and not allowing it to increase with the number of devices that are connected to it.
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Factors such as the increased network coverage, increased reliability as well as the ability to obtain service in areas where signals are not conventionally available are driving the market for narrowband Iot chipset. Factors such as the lack of awareness of the system, as well as the cost are restraining the growth of the Global Narrowband IoT Chipset Market.
The “Global Narrowband Iot Chipset Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as U-Blox Holding AG, Qualcomm Incorporated, Ericsson, Vodafone Group PLC, Samsung Electronics, Huawei Technologies Co. Ltd., Intel Corporation, Mist base Communication System, Verizon Communications, Nokia Corporation, Sequans Communications S.A., Comp solid GmbH. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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