Techno World Narrowband-Internet-of-Things-chipset-Market
Narrowband Internet of Things (IoT) chipset Market to Expand
Substantially Owing to Technological Innovations During 2018 – 2026
Narrowband Internet of Things (IoT) chipset Market research
provides industry analysis by type, manufacturer, application along
with key factors influencing the growth of the market which include
growth
drivers,
restraints,
opportunities
and
challenges,
strategically profile key players and comprehensively analyze their
market share and core competencies.
Narrowband internet of things is a low power wide area network technology specially developed
for IOT devices, which requires small amount of data for long time. According to International
Energy Agency (IEA), which works to ensure reliable, affordable, and clean energy for its 29
member countries estimated that, 14 billion network devices will be enabled globally by 2020.
These devices are connected for cost saving, remote control, and many more. Moreover,
increasing innovation in IOT services and hardware offers an opportunity to generate a new
revenue. For instance, internet connected wearable glasses are used for industrial application,
control of IOT application from smart phones, and tablets etc. Hence, this increasing IOT devices
and rising IOT innovation are some of the key factors, which drives the narrowband IOT chipset
market
globally.
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Infrastructure segment held the dominating position in 2016 and is projected to maintain its
dominance throughout the forecast period. Increasing safety concern has become one of the
major factors for the growth of the market in infrastructure segment. Adoption of alarm and
detector by various industries fuels the market of narrowband IOT chipset globally. Moreover, the