Narrowband Internet-of-Things (IoT) Chipset Market: Global Trends,Opportunities

Posted by anna on July 14th, 2020

As per the Transparency Market Research, the global narrowband internet-of-things (IoT) chipset market is highly consolidated. Most importantly in 2016, top five companies including U-blox Holding AG, Qualcomm Inc., Commsolid GMBH, Sequans Communications, and Altair Semiconductor held 98% share in the market. If these players keep making significant efforts, there is high possibility of them leading the market over the projected tenure.
Increased investment in research and development activities and higher emphasis on product innovation are some of the key focal points of the key players in this market. Collaboration, mergers and acquisition, and partnership are few other strategies that are widely used by leading players. For example, in 2018 Ericsson collaborated with MediaTek to expand their presence in narrowband IoT chipset market.  Few other companies are also playing a vital role in the global narrowband internet-of-things chipset market such as Huawei Technologies, Intel Corporation, Vodafone Group Plc, and Verizon Communications.
 
On the basis of statistical information, Transparency Market Research analyses that the global narrowband internet-of-things chipset market is anticipated to rise at staggering 37.9% CAGR over the forecast period between 2017 and 2025. In 2016, the market earned US--content--.045 bn, which is expected to reach US--content--.79 bn by the end of 2025.
 
Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=23879
 
Innovations in IoT Services to Bolster Growth for Narrowband Internet-Of-Things
 
The best part about using narrowband internet-of-things technology is that it reduces overall complexity of different network types. Further, it helps in reducing overall device costs by nearly 60%, as compared to the devices built on LTE technology. Increasing adoption of IoT and network enabled devices, the demand for long-range connectivity and low-cost and low-power connectivity technologies also increased. These changing trends are expected to further accelerate growth in the global narrowband internet-of-things chipset market.
Moreover, increasing innovation in IoT services and hardware are expected to offer lucrative opportunities in the narrowband internet-of-things chipset market. Rising applicability of narrowband internet-of-things chipset in various devices such as smart appliances, alarms, trackers, detectors, wearable devices, and smart metering are also projected to surge growth in the global narrowband internet-of-things chipset market.
anna

About the Author

anna
Joined: March 23rd, 2020
Articles Posted: 1,416

Wall Street Window
Stock Market Financial and Global Geopolitical News
Share Your Internet Connection & Get Paid
HoneyGain is compatible for desktop computers, Android and iOS and pays you when you share your internet connection!
Find Real Estate Investment Deals
BirdDogBot runs lightning-fast searches of freely available property listing sites for the best deals in your market that meet your investing criteria.
N1 Top Internet Acoustic Blues Guitar Instructor
These 37 complete lessons encapsulate everything learned from playing as a professional blues player over the past 40 years, and contain everything you need learn to play old style blues guitar in exactly the same way.
Knowhow Express
It's the internet that provides information at the speed of one click. It's the KnowhowExpress that provides practical knowledge via the internet.
Become a Musical Mindreader!
By reading this ebook, in one hour or so, you can learn how to be a prophet - see into the future - and tell all these things about almost any song.
Advertise Here