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The NB-IoT chipset market is expected to grow from USD 272 million in 2019 to USD 2,002 million by 2024 at a CAGR of 49.1%NEW YORK, May 6, 2019 /PRNewswire/ -- NB-IoT chipset market to grow at 49.1% CAGR during 2019–2024 Favorable federal mandates in various countries are further driving the growth of the NB-IoT-enabled smart meters. Moreover, IoT applications such as smart parking and smart streetlights, and industry trends such as smart city spread across the world are driving the growth of the NB-IoT chipset market for the infrastructure vertical. North America to witness highest CAGR in overall market from 2018 to 2024 Growing adoption of NB-IoT technology in the region and developed IT infrastructure is expected to boost the growth of this market in this region.Moreover, established LTE-M network and availability of dual-mode NB-IoT chipsets offering CAT-M1 and CAT-NB1/NB2 connectivity are expected to complement the growth of NB-IoT chipsets in the region. Verizon (US), T-Mobile (US), AT&T (US), and Bell Canada (Canada) are expected to be the key NB-IoT services providers in the region. Furthermore, increasing participation of key industry players such as Qualcomm (US) and Nordic Semiconductor (Norway) to build dual-mode-only chipsets is expected to complement the growth of NB-IoT in Europe and North America. In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the NB-IoT chipset marketspace. The break-up of primary participants for the report has been shown below: • By Company Type: Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25% • By Designation: C-level Executives – 55%, Directors – 30%, and Others – 15% • By Region: North America – 20%, Europe – 30%, APAC – 40%, and RoW – 10% The report profiles key players in the NB-IoT chipset market with their respective market ranking analysis and benchmarking.Prominent players profiled in this report are Huawei Technologies Co. Ltd. (China), Qualcomm Incorporated (US), Intel Corporation (US), Nordic Semiconductor (Norway), Sanechips Co. Ltd. (China), Samsung Group (South Korea), MediaTek Inc. (Taiwan), Sercomm Corporation (Taiwan), Xiamen Cheerzing IOT Technology Co. Ltd. (China), u-blox Holding AG (Switzerland), Telit Communications PLC (UK), Quectel Wireless Solutions Co., Ltd (China), and Sequans Communications S.A.(France). Research Coverage: This research report categorizes the NB-IoT chipset market based on deployment-type, device, vertical, and geography. It describes the major drivers, restraints, challenges, and opportunities pertaining to the NB-IoT chipset market and forecasts the same till 2024. Key Benefits of Buying the Report The report would help leaders/new entrants in this market in the following ways: 1. This report segments the NB-IoT chipset market comprehensively and provides the closest market size projection for all subsegments across different regions. 2. The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for market growth. 3. The report would help stakeholders to understand country-wise precise deployment of NB-IoT technology with recent case studies and upcoming use cases. 4. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitive leadership mapping, along with the key growth strategies adopted by major market players—product launch, acquisition, collaboration, and partnership. Read the full report: https://www.reportlinker.com/p05774027/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-nb-iot-chipset-market-is-expected-to-grow-from-usd-272-million-in-2019-to-usd-2-002-million-by-2024-at-a-cagr-of-49-1-300844509.html SOURCE Reportlinker |