Narrowband IoT Chipset Market to See High Growth in APAC, According to Stratistics MRC Report Available at MarketPublishers.com11 Jan 2017 • by Natalie Aster
LONDON – As of 2015, the global market for narrowband IoT chipsets was worth USD 6.95 million. This marketplace is set to grow tremendously in the coming years, with its CAGR being over 59%. It is predicted to surpass the USD 120 million mark by 2022.
Such swift growth will be propelled by an array of factors: the rising demand for cellular IoT and long-range connectivity as well as lower costs of components.
Yet this marketplace faces some restraints: security concerns and the standardization deficiency.
The infrastructure segment is set to catch the largest market share in the offing in terms of application. In terms of the deployment type, the guar band segment is set to command for the largest share in the global marketplace.
Region-wise, North America is the frontrunner. Still APAC is set to showcase the most rapid growth in the near term due to the rise in the Internet penetration there and government support.
There are some leading companies in the marketplace: Huawei Technologies, Vodafone Group, Intel Corporation and Samsung Electronics, to name a few.
In-demand research report “Narrowband IoT Chipset - Global Market Outlook (2016-2022)” prepared by Stratistics MRC Pvt Ltd offers an up-close look at the worldwide narrowband IoT chipset marketplace. The study provides a detailed discussion of trends in the global market.
It covers technologies, application fields as well as emerging markets. The report contains Porter’s five forces analysis. The research study examines the marketplace on the basis of the following factors: devices, technologies, deployment types, and more. Regional marketplaces are explored in the research report, too.
The study sheds light on the most recent developments in the global field. It scrutinizes the competitive landscape, besides shedding light on top companies. Future projections are included in the research report, as well.
More insightful studies by Stratistics MRC can be found at its page.