Global Narrowband IoT Chipset Market: Overview
The world narrowband IoT chipset market is foretold to offer a host of benefits and birth impressive use cases which could answer for the cellular IoT troubles. Vendors will be able to produce service-level agreements suitable for certain services such as those related to healthcare. Vodafone has stated that its upgrade costs could be kept low with the move to narrowband IoT. With the usage of licensed spectrum, narrowband IoT strongly competes with other low-power WAN (LPWAN) technologies such as LoRa and Sigfox. Besides this, narrowband IoT is pampered with a wider base of established vendors and telecom operators.
The global narrowband IoT chipset market could be segmented on the basis of application, device, stationing, and technology. All of the key areas of the market are broadly discussed so as to gain a deep insight into the industry.
The report on the international narrowband IoT chipset market is a profound study of the industry which presents some of the most conclusive factors deemed significant for any participant looking to cement its position.
Global Narrowband IoT Chipset Market: Trends and Opportunities
The demand in the world narrowband IoT chipset market is envisaged to testify a telling growth rate on the back of a commanding network coverage and more number of connections provided with the help of narrowband IoT technology. However, the global market is not dependent on just one or two growth factors. The surge in the need for cellular IoT networks is anticipated to raise the bar of growth. On an international platform, the demand could gain strength as consumers become aware of the lower component costs and improvised penetration coverage offered by the narrowband IoT technology.
The shortfall of standardization, high operational expenditure, fragmented nature of the market, and technological dependence for application are the main factors prognosticated to put the brakes on the growth of the narrowband IoT chipset industry. Nevertheless, vendors in the global narrowband IoT chipset market can keep their heads up with the surge in Internet penetration and an augmenting employment of the narrowband IoT technology.
Global Narrowband IoT Chipset Market: Geographical Study
Some of the top aspects of a significant growth expected on the part of the Asia Pacific narrowband IoT chipset market are the enhancement of the IoT technology furthered with the help of government grants and rapid rise of Internet application. As a result, the region is predicted to record a higher advancement in the global market. South Korea, India, Japan, and China could be the top countries primed for a convincing growth in Asia Pacific.
North America is prophesied to secure a lion’s share in the global narrowband IoT chipset market as the government plans to develop smart cities with mammoth investments in place. Another major factor deemed responsible for the heavy growth in North America could be the presence of sundry communication networks resulting from vast Internet penetration.
Global Narrowband IoT Chipset Market: Competition
Among others, Vodafone Group PLC, U-Blox Holding AG, Ericsson, MistBase AB, and Huawei Technologies Co. Ltd. are foretold to present themselves as major players in the international narrowband IoT chipset market. The report presents a detailed profiling of each player along with an analysis of their key developments and future plans.
Intel XMM 7115 is expected to be a breakthrough modem designed to support the first batch of industrial applications and devices based on narrowband IoT. Intel has taken confident strides forward for exploiting opportunities in the IoT market by collaborating with Nokia and Ericsson and achieving momentum for its long-term evolution (LTE) portfolio.
Market segmentation based on geography:
- North America
- Asia Pacific
- Rest of the World
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.