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.
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Moreover, the continuous technological advancement in internet communication has further boosted the demand for robust and effective communication network across leading end-user verticals such as manufacturing, utilities, commercial spaces, and large enterprise among other end-users. Thus, the market is expected to provide numerous profitable opportunities for the market players in the coming years.
Top Companies profiled in this report includes, Amazon Web Services, Cisco Systems, Citrix Systems, Fujitsu Ltd., Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., IBM, Microsoft, Inc., Radiant Communications, VMware, Inc.
As leading companies in NB-IoT Chipset market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.
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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.
NB-IoT Chipset Market – Global Analysis to 2025 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
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