NARROWBAND INTERNET OF THINGS CHIPSET MARKET ANALYSIS

Regional Analysis

Narrowband Internet of Things Chipset Market Outlook – Asia Pacific holds significant market share

On the basis of geography, global narrowband internet of things chipset market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America narrowband internet of things chipset market held the dominant position in 2016 and is projected to retain dominance over the forecast period. The U.S and Canada are some of the major countries which drive the market in North America region. According to the Smart America Challenge, increasing support of the U.S government and investment for the adoption of IOT technology in various industries such as utilities, manufacturing, and healthcare are providing a key growth opportunities for narrowband internet of things market in the U.S. The Asia Pacific narrowband IOT chipset market is projected to increase with largest CAGR in the forecast period. India, china, and Japan are some of the major countries driving the market in Asia Pacific region. The investment for smart city projects by the Asia Pacific countries has become one of the major driving factors for growth of the market in the region.     

Geographies Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa