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Global Narrowband IoT Chipset Market to 2025: Market is Projected to Grow by US$646.3 Million, Driven by Compounded Growth of 59.1% - ResearchAndMarkets.com

November 4, 2019

DUBLIN--(BUSINESS WIRE)--Nov 4, 2019--

The “Narrowband IoT Chipset - Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering.

The Narrowband IoT Chipset market worldwide is projected to grow by US$646.3 Million, driven by a compounded growth of 59.1%

Alarms & Detector, one of the segments analyzed and sized in this study, displays the potential to grow at over 64.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$275 Million by the year 2025, Alarms & Detector will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 65.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$14.7 Million to the region’s size and clout in the next 5 to 6 years. Over US$29.3 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Alarms & Detector will reach a market size of US$20.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 55.9% over the next couple of years and add approximately US$100.3 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

Key Topics Covered:

1. Market Overview

2. Focus On Select Players

3. Market Trends & Drivers

4. Global Market Perspective

For more information about this report visit https://www.researchandmarkets.com/r/8akjhd

View source version on businesswire.com:https://www.businesswire.com/news/home/20191104005429/en/

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KEYWORD: GERMANY CHINA EUROPE ASIA PACIFIC

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY NETWORKS DATA MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/04/2019 07:25 AM/DISC: 11/04/2019 07:25 AM

http://www.businesswire.com/news/home/20191104005429/en