NB-IoT Chipset Market To Register 40.8% CAGR

(Persistence Market Research)

Persistence Market Research claims the global NB-IoT chipset market is expected to register a global CAGR of 40.8% from 2018 to 2028, with Western Europe and North America accounting for approximately 30% of the market by the end of the forecast period. The company’s report, titled “NB-IoT chipset Market: Global Industry Analysis 2015 – 2017 and Opportunity Assessment 2018 – 2028”, suggests the global NB-IoT chipset market is expected to be highly attractive in terms of incremental opportunity owing to the high CAGR associated with the market value.  Global annual revenue from NB-IoT chipsets was valued at $4,832.1 Million by the end of 2017 and is expected to grow at a significant pace over the coming years.

 

Notes

Sponsored by Infosys

In Conversation with Antonio Neri, President & CEO – Hewlett Packard Enterprise & Salil Parekh, CEO – Infosys

Hear the CEOs of Infosys & HPE discuss the current crisis and how it has accelerated the need for digital transformation for their clients. Connectivity at the Edge, right mix of hybrid cloud, ability to extract data faster than ever before… these are just some of the contributions that HPE and Infosys make to our clients’ digital transformation journey.
  • Over time, a declining y-o-y growth trend is expected in the latter half of the forecast period.
  • North America, China, SEA & Other of APAC, and Western Europe, are expected to collectively account for a majority share of the global NB-IoT chipset market.
  • The North America NB-IoT chipset market, the APAC (including China and Japan) NB-IoT chipset market, and the Western Europe NB-IoT chipset market are likely to dominate the global NB-IoT chipset market over the forecast period.
  • As NB-IoT technology enables a connected devices M2M environment across different regions even in the absence of efficient internet connectivity, a high demand for the same has been witnessed from end-users, especially across developing countries.
  • Among all the applications, the maximum adoption of NB-IoT chipsets is witnessed for smart meters.
  • Significant adoption of NB-IoT chipsets has been witnessed for security purposes, for enabling smart cities, and for smart parking systems.
  • Various regions & countries, such as India and Western European countries, are investing heavily in agriculture, and have adopted NB-IoT chipsets for enabling smart irrigation systems.

 

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Persistence Market Research

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