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Global Narrowband IoT (NB-IoT) Chipset Market: SynopsisMarket Research Future (MRFR) reports that the global narrowband IoT (NB-IoT) chipset market will generate close to USD 265 Mn by the year 2023.
It is projected that the market will post a compound annual growth rate (CAGR) of 60% during 2017 to 2023.
Moreover, NB-IoT chipset facilitates global roaming and economies of scale for businesses.
NB-IoT is energy-efficient and can be deployed in various applications, which include facility management services, tracking of persons, smart meters, connected industrial appliances, fire alarm among others.
The services segment covers two sub-segments managed service and professional services.
By application, the market has been segmented into tracker, smart meter, smart appliance, alarms & detector, wearable and others.Key Players:The key players profiled by Market Research Future (MRFR) that are operating in the Narrowband IOT Chipset Market are Intel Corporation (the U.S.), Huawei Technologies Co. Ltd., (China), Ericsson (Sweden), Nokia Corporation (Finland), Sierra Wireless (Canada), Deutsche Telekom AG (Germany), China United Network Communications Group Co., Ltd. (China), Quectel Wireless Solutions Co. Ltd. (China), Qualcomm Technologies Inc., (the U.S.), Vodafone Group plc (the U.K) and others.