![Global Narrowband IoT (NB-IoT) Chipset Market](https://res.cloudinary.com/devmoveo/image/upload/v1673619508/skyquest/gallery/xesvwrrafq1cmqoxiw80.jpg)
Report ID: SQMIG45N2016
Report ID:
SQMIG45N2016 |
Region:
Global |
Published Date: July, 2024
Pages:
242
|
Tables:
63 |
Figures:
78
Asia Pacific (APAC) is dominating the global Narrowband-IoT (NB-IoT) chipset market. The Narrowband-IoT (NB-IoT) chipset market is growing rapidly because of its multiple applications such as smart meters, smart street lights, smart parking, etc. China is dominating the Asia Pacific market due to favorable government policies in China, the availability of NB-IoT Chipset to a greater extent, and a huge number of infrastructure providers in China.
The volume of Narrowband-IoT (NB-IoT) chipset shipments from China is increasing due to the high adoption and proliferation of technology. Players such as Japan's Softbank, Reliance Jio, Bharti-Airtel, and Vodafone have stepped up efforts to deploy Narrowband-IoT. The Asia Pacific dominated the global Narrowband IoT (NB-IoT) Chipset Market in 2021, thus the market value will reach $2.9 billion by 2028.
In 2021, the NB-IoT chipset market in North America generated the highest revenue. This is because of different network service providers. They are specialized in testing and commercial deployment of solutions for industrial and commercial applications. Important reasons for the revenue growth of the market in North America are high disposable income, continuous acceptance of advanced and innovative technologies, corporate, and industrial applications.
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Report ID: SQMIG45N2016