Proliferating business of frozen food and chilled products, owing to increasing population in conjunction with improvement in the standard of living among the populace, has led to significant increase in demand for frozen food and related products across the globe. According to Population Reference Bureau, the worldwide population was 7536 million in 2017, and is expected to reach 9846 million by 2050. China, India, and the U.S. are top three populated countries in the world. Furthermore, fast paced lifestyle is shifting customer’s behavior towards adoption of the frozen food. For instance, according to the Coherent Market Insights analysis, in 2015, Europe consumed 5.8 million tons of frozen fruit and vegetables, 3.3 tons of ice cream and frozen desserts, 1.1 million tons of processed meats, 1 million tons of ready meals, and many more frozen products.

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Global refrigerated transport market size is expected to witness significant growth in the market during the forecast period (2018–2026). The market growth is majorly attributed to increasing demand for high quality and safety of food products transported internationally as well as in the domestic markets. The high prevalence of various foodborne diseases and disorders such as abdominal pain, vomiting, and diarrhea are expected to propel adoption of refrigerated transport for food distribution, globally, in order to maintain safety and integrity of food products. According to the World Health Organization (WHO), Consumption of contaminated food items can cause over 200 diseases ranging from diarrhea to cancer. Demise due to foodborne diseases is one of the leading cause of deaths globally.

Europe refrigerated transport market is expected to witness considerable growth during the forecast period

High demand for frozen foods in Europe is a key factor driving growth of the market. Germany, the U.K., and France have the highest demand for frozen foods. According to Coherent Market Insights’ analysis, Germany, the U.K., and France combined accounted for a share of 54% of the Europe frozen food market in 2015.

Therefore, increasing adoption of frozen foods is propelling demand for cold supply chain, which in turn is expected to boost growth of the refrigerated transport market in Europe

Increasing research & development investment on refrigeration technology for transport is expected to boost the market growth

As per Coherent Market Insights, since 2003 to 2008, more than billion US dollars have been invested in hydrogen and fuel cell development, of which US$ 1 billion was invested by private sector and US$ 170 million were invested by public sector, globally. Moreover, in 2018, Department of Energy announced US$ 39 million funding for novel hydrogen and fuel cell technologies research & development. Anticipated topics of the research include ElectroCat, H2@Scale, Innovative Fuel Cell Membrane R&D, and Innovative Reversible, and Liquid Fuel Cell Component R&D

Growing need for technological transition from conventional energy sources to efficient renewable ones is the major factor propelling adoption of fuel cells in refrigerated transport.

Urban infrastructure includes water supply, traffic control, electricity grid, and others that relies on refrigerated transport systems where it controls function and flows of air. Increasing infrastructural development such as smart cities, smart transportation in emerging economies such as China, India, and Brazil is expected to create a conducive environment for growth of refrigerated transport systems market. For instance, in 2016, government of India initiated 100 Smart Cities Mission, through which it is expected to invest over US$ 15 billion in order to build efficient and effective city management solution and infrastructure by 2020. Hence, increasing infrastructural development is majorly fueling growth of refrigerated transport market.

Increasing use of Big Data Analytics across various industry verticals is expected to drive the market growth

Conventional energy sources for vehicles such as petroleum, diesel, and natural gas have certain pros and cons. Advantages include easy availability in natural habitat, established infrastructure to run such vehicles, and available designs with improved features. However, the emission of harmful gases and scarcity of resources has put a strain on development of renewable and eco-friendly substitutes and relevant infrastructure development. As per Coherent Market Insights, annually around 90- 95% of transportation sector utilizes liquid hydrocarbons made from fossils as a major source of fuel; however this has caused around 21% of CO2 generation in European Union. Governing bodies of various countries and global giant companies from various sectors such as oil & gas, energy & utilities, and automotive among others have been investing in technological developments in alternative solutions for current resource crisis for conventional energy. One such development which has been proven to be a viable solution is hydrogen cells. Introducing it as a major source of energy involves major changes in any country’s infrastructure for energy and fleet management.

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Some of the key players operating in the Refrigerated Transport market include United Technologies Corporation, Daikin Industries, Ltd., Ingersoll-Rand plc., China International Marine Containers (Group) Co., Ltd., Schmitz Cargobull Aktiengesellschaft, Utility Trailer Manufacturing Company, Singamas Container Holdings Limited, Hyundai Motor Company, Lamberet SAS, and Wabash National Corporation, Mitsubishi Heavy Industries, Ltd., and Great Dane Trailers, Inc.

Flagship smartphones have gained significant popularity over the past few years. Companies are increasingly introducing high-end mobile phones and largely focus on the sales & marketing of these phones to garner increased consumer traction. Some of the popular product launch in 2017 include the Samsung Galaxy S8, LG G6, HTC U11, OnePlus 5, Motorola Moto Z2 Force, Apple iPhone X, and Mi6. The rapidly growing working population is increasingly inclined towards luxury products such as flagship smartphones and are growingly tech savvy, in turn fueling market growth.

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Growing emphasis on the internet penetration to boost the economic growth is expected to drive the demand of the flagship smartphone

Proliferation of IoT and increased demand of connectivity in every aspect, that include home automation, security, automotive, work, factory has led significant change in the lifestyle of the middle income group. Moreover, increased emphasis on the development of high speed internet technology such as 4G and 5G technologies is expected to drive the demand of advanced mobile phone having features such as high processing capability, versatility, and durability. In addition, increased emphasis on the introduction cutting edge features such as improved water resistance, high resolution cameras, biometric identification, and gesture control among others will present strong growth prospects for flagship smartphones market over the forecast period.

Flagship Smartphone Market Taxonomy

On the basis of distribution channel, the global flagship smartphone market is classified into:

• Original Equipment Manufacturer (OEM)
• Retail stores
  • Multi-brand stores
  • Single brand stores
• e-Commerce

On the basis of operating systems, the global flagship smartphone market is classified into:

• Android
• iOS
• Microsoft
• RIM Blackberry
• Others (Sailfish, Tizen & Ubuntu)

On the basis of memory storage type, the global smartphone market is classified into:

• Inbuilt storage
  • 8 GB and less
  • 16 GB
  • 32 GB
  • 64 GB and above
• Expandable storage

Multi-channel retailing has added to the ease of availability of flagship smartphones to the customers across the globe

Growth of multiple retail channels include single brand, multi-brand stores, and e-commerce across different regional segments have increased consumer access to the newly launched smart gadgets. Moreover, growth of ecommerce business to cater the international consumer base. In recent past, major smartphone manufacturers have focused on teaming up with e-tailers, serving as exclusive sales partners for their flagship devices. Players such as Xiaomi, Motorola, and OnePlus have reaped rich dividends from such partnerships in the recent past.

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Android OS is expected to hold the largest flagship smartphone market share over the forecast period

Android provide world-class platform to create applications and games for users that can be virtually accessed from anywhere across the globe. This is primarily owing to its open accessibility and all major manufacturers, with the exception of Apple opting for this operating system for their flagship phones. Among the storage types, expandable memory handsets are expected to gain edge over the internal memory limitation. This is owing to the improvement in multi-aspects of the smartphones, which include motion sensing, graphic resolutions, and increasing consumers’ requirement for information storage. However, factors such as fast processing, easy data accessibility, and protection from viruses that can be transmitted through external device, are expected to drive the growth of the flagship smartphone market. In addition, few major companies will continue to provide inbuilt storage spaces to the consumers.

Key Players in the Global Flagship Smartphone Market

Chief industry participants in the flagship smartphone market include Samsung Electronics Co. Ltd., Apple Inc., Oppo, OnePlus and Mobitech Creations, Xiaomi, Huawei Technologies Co. Ltd., LG Electronics Inc., Lenovo Group Limited, ZTE Corporation, TCL Communication Technology Holdings Limited, and Vivo Communication Technology Co. Ltd. Asia Pacific is expected to remain the prominent focus of the players, owing to the largest middle income group and the increasing penetration of mobile phones mainly in China, India, and ASEAN countries.

Transportation management system software and solution is a tool by shipping professionals to detect the data points of the distribution, warehouse supply, route options, rates, transport network. Transport management system enables the shipping manager to understand the information and format, which further helps in effective decision for the company. Moreover, transportation management system involves low costs, management of high level customer services, improvement of productivity and efficiency of the logistic operation, and capability of target logistic initiatives that helps in business growth pose as drivers for growth of the market. In addition, increasing usage of IOT and big data technology along with growing adoption of cloud technology provide key opportunities for growth of the transportation management system market. However, insufficient IT investment for transportation infrastructure and high data security concerns are some of the major factors, hindering growth of the transportation management system market.

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Transportation Management System Market Taxonomy

On the basis of mode of transportation, the global transportation management system market is segmented into:

• Railways
• Roadways
• Airways
• Seaways

Among mode of transportation, the roadways segment is projected to grow with the largest CAGR over the forecast period. Increasing number of vehicles have resulted in congested roads, in turn causing financial losses to transportation companies. To overcome this issue, the companies are adopting transportation management solutions to find the best routes and reduce financial losses.

On the basis of deployment model, the global transportation management system market is segmented into:

• Cloud / Hosted
• On Premises

Among deployment model, the cloud/ hosted segment is projected to exhibit the highest CAGR over the forecast period. Increasing adoption of cloud technology by various industries has contributed to its rapid growth, in turn boosting the transportation management system solutions market.

On the basis of application, the global transportation management system market is segmented into:

• Aerospace & Defense
• Automotive
• Chemical
• Electronics & Electrical
• Food & Beverage
• Government
• Machinery Manufacturing
• Pharmaceutical
• Retail
• Transportation & Logistics
• Wholesale & Distribution
• Others

On the basis of function, the global transportation management system market is segmented into:

• Planning & Execution
• Fleet Management

Transportation Management System Market Outlook – North America holds significant market share

On the basis of geography, the global transportation management system market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in the global transportation management system market and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are the major countries driving growth of the transportation management system market in the North American region. Companies are focusing on innovation and are continuously adopting advanced technologies, in turn, fueling the demand for transportation management system in the region. Similarly, Asia Pacific is projected to exhibit the highest CAGR over the forecast period. India, China, and Japan are some of the major countries that drive growth of the market in Asia Pacific region. The increasing digitalization in emerging economies contributes to increasing demand for transportation management system, in turn fueling growth of the market in the region.

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Key Players in the Global Transportation Management System Market

TMW Systems, Inc., SAP SE, Oracle Corporation, Metro Infrasys Private Limited, Mercurygate International, Inc., Manhattan Associates, JDA Software, Inc., Inet-Logistics GmbH, Efkon AG, Descartes, CTSI-Global, and Blujay Solutions are some of the major players operating in the global transportation management system market.

Docking Station is an electronic device, which permits portable computers to connect with other devices. Increasing trend of bring your own device policy has become one of the major factors driving growth of the docking station market globally. According to Coherent Market Insights, the BYOD market is projected to reach up to US$ 266.2 billion by 2019. Increasing demand for BYOD trend is experienced due to increasing focus of companies on innovation and productivity, employee satisfaction and retention, and cost savings. Implementation of BYOD policy has created a comfortable environment among employees, as they do their own work on their device, which also increased the efficiency and productivity of the company. Hence, increasing BYOD trend has increased the demand for docking stations. Increasing number of sales units of mobile devices have also fueled growth of the docking station market.

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Docking Station Market Taxonomy

On the basis of docks type, the global docking station market is segmented into:

• Laptop Docks
• Hard Drive Docks
• Mobile Device Docks

The laptop docks segment held the largest market share in 2016 and is projected to retain its dominance throughout the forecast period. Due to increasing adoption of laptops, which have replaced desktops, have increased the demand for laptop docks. According to coherent market insights, in 2016 around 156.8 million units of laptops were sold globally.  

On the basis of technology, the global docking station market is segmented into:

• Wired Docks
• Wireless Docks

Wired docks segment held a dominating position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Wireless docks segment is projected to exhibit the largest CAGR over the forecast period. The increasing demand for wireless technology has increased the demand for wireless docks.

On the basis of application, the global docking station market is segmented into:

• Commercial
• Residential

The commercial segment held a dominant position in 2016 and is projected to retain its dominance throughout the forecast period. The increasing adoption of wireless docking stations by small & medium and large enterprises have contributed to growth of this segment.

Docking Station Market Outlook – North America holds significant market share

On the basis of geography, the global docking station market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in the global docking station market and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major countries driving growth of the docking station market in the North American region. High adoption rate of docking system in various enterprises have contributed to the rapid growth in the region. Moreover, increasing implementation of bring your own device policy by various organizations have fueled the docking station market in North America. Similarly, Asia Pacific is projected to exhibit the highest CAGR over the forecast period. India, China, and Japan are some of the major countries driving growth of the market in Asia Pacific. The increasing penetration of mobile devices and growing number of tech savvy consumers, coupled with increasing disposable income among the populace, fuels growth of the docking station market in Asia Pacific.

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Key Players in the Global Docking Station Market

ASUSTeK Computer Inc., Dell Inc., Hewlett-Packard Company, IBM Corporation, Lenovo Group Ltd., Samsung Electronics Co. Ltd., Sony Electronics Inc., StarTech.com, Toshiba Corporation, are some of the major players operating in the global docking station market. The new product launch become one of the key strategy adopted by the company. For example in 2017 the company Samsung Company announced that they have successfully launched a DeX docking station accessory for Galaxy S8.

The industrial internet of things is a term used to describe the interconnectivity of industrial processes and manufacturing equipment by adoption of IOT technology. The adoption of sensors in industries have given the birth to industrial IOT market. Sensors help convert information from analog to digital. Data networking and computing power have increased the demand for sensors in the automation industry. Continuous development of sensors technology and adoption of data, computing, and connectivity technology, analytics and artificial intelligent, human machine interaction, and digitalization are major factors driving growth to the industrial IOT market.

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Industrial Internet of Things Market Taxonomy

On the basis of service, the global industrial internet of things market is segmented into:

• Professional services
• Managed Services

The managed service segment held the dominant position in 2016 and is projected to maintain its dominance throughout the forecast period. Increasing government initiatives towards digitalization and increasing government investments to boost the adoption of IOT technology in various industries such as utilities and manufacturing are expected to drive growth of the IOT market. The professional services segment is expected exhibit the highest CAGR over the forecast period.

On the basis of solution, the global industrial internet of things market is segmented into:

• Real-Time Streaming Analytics
• Security
• Data Management
• Remote Monitoring
• Network Bandwidth Management

On the basis of platform type, the global industrial internet of things market is segmented into:

• Device Management
• Application Management
• Network Management

On the basis of verticals, the global industrial internet of things market is segmented into:

• Agriculture
• Manufacturing
• Automotive& machinery
• Food and Beverage
• Chemicals and Materials
• Electronics and Utilities
• Healthcare and Pharmaceuticals
• Metals and Mining
• Oil and Gas
• Retail
• Transportation
• Others

The manufacturing segment held a dominant position in 2016.  This segment is projected to maintain its dominance throughout the forecast period. The high adoption of wireless connectivity, sensors, and software solutions help create communication networks using IP connectivity. This in turn, helps reduce the production cost and time.

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

On the basis of geography, the global industrial internet of things market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America holds a dominant position in the global industrial internet of things market and is projected to retain its dominance throughout the forecast period. Growing digitalization and high adoption of IOT solutions by manufacturing and automation industries have contributed to growth of the market in North America. Similarly, the Asia Pacific is projected to exhibit the highest CAGR over the forecast period. India, china, Japan, and South Korea are some of the major countries that help drive growth of the market for IOT in the Asia Pacific region. Dense population, increasing disposable income, and large scale industrialization in the region are boosting growth of the market. In addition to this, the increasing adoption of digitalization by various industries to reduce the production time and operating costs also create a conducive environment for growth of the industrial IOT market in Asia Pacific.

Key Players in the Global Industrial Internet of Things Market

ABB, ARM Ltd., Cisco Systems, Inc., Dassault Systèmes, General Electric, Honeywell International Inc., Huawei Technology Co., Ltd., Intel Corporation, Rockwell Automation, Inc., and Texas Instruments Inc. are some of the major players in the global industrial internet of things market.

Fog computing also called as fog networking or fogging is used for the architecture provided in the proximity of the users to provide seamless cloud computing user experience. It is also known as edge computing, as it facilitates the functions such as storage, computing, and networking services between the cloud data centers, end enterprise and user devices.

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Requirement of managing service offerings at the network edge to enhance the efficiency and avoid the network bottlenecks, is expected to propel the growth over the forecast period

Proliferation of IoT and internet enabled devices has led to exponential increase in data generation and access requirement at the end user leading to significant increase in the traffic generated. Traffic patterns vary based on the user inclination, however, they are concentrated in the metropolitan areas across the globe. Inadequacy of the cloud and internet networks to efficiently manage the data stream across its regional expanse also adds to the requirement of infrastructure in the proximity of the users. Advent of connected technologies such as connected homes, buildings, smart energy, connected factory operations, connected vehicles, and OTT content are among the prominent factors anticipated to fuel the demand for fog computing methodologies to avoid the network bottlenecks.

Fog Computing Market Taxonomy

On the basis of solutions, the global fog computing market is classified into:

• Hardware
  • Switches
  • Sensors
  • Controllers
  • Gateways
  • Routers
  • Servers
• Software

On the basis of end-use, the global fog computing market is classified into:

• Building & Home Automation
• Smart Energy
• Smart Manufacturing
• Transportation & Logistics
• Connected Health
• Security & Emergencies
• Others (Smart Environment and Retail)

On the basis of applications, the global fog computing market is classified into:

• Smart Grid
• Smart Traffic Lights
• Wireless Sensors
• Decentralized Smart Building Control
• IoT
• Software Defined Networks

Low latency requirement and high scalability for real time applications are expected to provide high traction to the fog computing market

Mission critical applications such as cloud robotics, fly-by wire aircraft control, and automotive anti-lock brakes require real time data processing. Control and management of the operations is directly dependent on the information collected by the sensors and the control system feedback. Event of the control system being run on cloud may negatively impact the sense-process-actuate loops or unavailable due to communication failures. However, low latency requirement of the fog computing can be used to perform the control system processing making the real-time reaction feasible. This methodology primarily aims at processing the incoming data in proximity to the data source itself and reduces the burden on the cloud processing, thus addressing scalability requirements, owing to increasing number of endpoints.

Software segment contributed to around 65% revenue of the fog computing market, is expected to remain the dominating revenue segment through the forecast period

Overall IT components costs have witnessed substantial decline over the past few years, in conjunction with considerable advancement leaps in the processing and compactness over the past few years. Connectivity costs have witnessed consistent price reductions with the advent of fast communication technologies such as 3G, 4G, and LTE. Software as a Service (SaaS) and the usability of these in analytics, e-commerce, collaboration, and other business functions has witnessed increased penetration at exponential rates. Thus, software solution segment is expected to dominate the market over the forecast period.

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The U.S. dominated overall fog computing market share, owing to the high adoption in the country

Major investment in the R&D activities in the region, primarily in the automotive segment is expected to fuel the industry growth. The government has introduced a number of initiatives to revolutionize the automotive technologies, so as to reduce the number of road accidents and fatalities. Introduction of V2V communication, and V2I communication (or V2X) technologies are few of the initiatives in the process, which is expected to provide considerable growth prospects over the forecast period. The exponential rate of urbanization and industrialization in the Asia Pacific countries such as China, India, Indonesia, Thailand, Malaysia, South Korea, and Japan are expected to provide growth opportunities to key players in the market.

Key players operating the fog computing market include Microsoft Corporation, ARM Holdings PLC, Cisco Systems, GE Digital, Intel Corporation, Schneider Electric Software LLC, and Fujitsu Ltd.

Smart water management systems are undergoing a rapid wave of technological advancements. Water and wastewater management industries are improving in process transformation by adopting the use of information and communication technologies (ICT) and real time data generation. The aim of smart water management system is to increase the management and operational efficiency by using advanced information technologies to reduce expenditure, water loss, and carbon footprint.

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Major drivers propelling the growth of smart water management market include the advancement in the technology such as advanced metering technology and Supervisory Control and Data Acquisition (SCADA) in water and waste water management. Also, with the development of the smart irrigation practices, there is a rise in demand for smart water management market. According to the research of Coherent Market Insights, smart irrigation market is growing at CAGR of 18.0% during the forecast period (2017-2025), which in turn drives the smart water management market in the forecast period.

North America led the smart water management market and is expected to exhibit a CAGR of 19.3% during the forecast period (2017-2025) to reach US$ 14.05 billion by 2025. Rising demand for sustainable energy solution along with stringent government regulations propelling the demand for smart water management market in the region. Safe Drinking Water Act (SDWA), Clean Water Act (CWA) and regulations on waste water discharge are forcing companies to examine their manufacturing processes. In addition to this, municipal and other facilities in the U.S. need to obtain permits under National Pollutant Discharge Elimination System (NPDES) permit program, if their discharge goes directly to surface water. Europe is the second largest market after North America in the smart water management due to healthy economy and advancement in technology. Asia Pacific is the fastest growing market in the smart water management due to development in smart city projects.

Among the advanced water meters, Advanced Metering Infrastructure (AMI) dominating due to operational benefits such as energy theft detection, meter reading accuracy and response to power outages, along with financial and security benefits.

Supervisory Control and Data Acquisition (SCADA) dominated in the smart water management solutions segment. SCADA program is specifically designed to provide a real time historian data base, remote alerting functionality, alarm management, notification and optimization along with an open integration platform and a powerful HMI (Human Machine Interface). In open integration platform multiple SCADA systems, information can be organized and unified and HMI provides real time situation awareness, graphical visualization and alarm management on a centralized remote control room or on mobile devices such as smartphone or tablet.

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North America led the smart water management market in 2016 and is expected to retain market dominance throughout the forecast period. Advancements in technology such as satellite remote sensing, and web-enable sensors and communication networks in water management and stringent government regulations such as Safe Drinking Water Act (SDWA), Clean Water Act (CWA) and regulations regarding the wastewater management are factor boosting growth of smart water management market in this region, with region accounting for 32.80% share in 2016.

Major Players in the Smart Water Management Market:

Some of the major players in the Smart Water Management Market are General Electric, ABB Group, Itron, Schneider Electric, International Business Machines (IBM) Corporation, Sensus, Elster Group Se, and Seimens Ag.

Narrowband internet of things is a low power wide area network technology specially developed for IOT devices, which requires small amount of data for long time. According to International Energy Agency (IEA), which works to ensure reliable, affordable, and clean energy for its 29 member countries estimated that, 14 billion network devices will be enabled globally by 2020. These devices are connected for cost saving, remote control, and many more. Moreover, increasing innovation in IOT services and hardware offers an opportunity to generate a new revenue. For instance, internet connected wearable glasses are used for industrial application, control of IOT application from smart phones, and tablets etc. Hence, this increasing IOT devices and rising IOT innovation are some of the key factors, which drives the narrowband IOT chipset market globally.

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Narrowband Internet of Things Chipset Market Taxonomy

On the basis of devices, the global narrowband internet of things chipset market is classified into:

• Trackers
• Wearable Devices
• Smart Appliances
• Smart Metering
  • Smart Electric
  • Smart Gas
  • Smart Water
• Alarms and Detectors
• Others

Alarm and detectors device segment held the dominating position in 2016 and is projected to maintain its dominance over the forecast period. Moreover, the tracker device segment is expected to grow with largest CAGR in the forecast period. Due to increasing fraudulent activities, the companies have adopted tracking devices, which provides real-time location of the vehicle and shipments.

On the basis of deployment type, the global narrowband internet of things chipset market is classified into:

• Guard Band
• In-band
• Standalone

On the basis of end-use industry, the global narrowband internet of things chipset market is classified into:

• Agriculture
• Automotive & Transportation
• Building Automation
• Energy
• Healthcare
• Infrastructure
• Retail
• Safety & Security
• Others

Infrastructure segment held the dominating position in 2016 and is projected to maintain its dominance throughout the forecast period. Increasing safety concern has become one of the major factors for the growth of the market in infrastructure segment. Adoption of alarm and detector by various industries fuels the market of narrowband IOT chipset globally. Moreover, the automotive and transportation segment is expected to grow with largest CAGR over the forecast period. Increasing installation of vehicle infotainment and telematics application has increased the narrowband IOT chipset market in automotive and transportation segment.

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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 SmartAmerica 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.

Key Players in the Global Narrowband Internet of Things Chipset Market

Key players operating global narrowband internet of things chipset market include Vodafone Group PLC, Verizon Communications, U-Blox Holding AG, Samsung Electronics, Qualcomm Incorporated, Nokia Corporation, Mistase Communication System, Intel Corporation, Huawei Technologies Co. Ltd., and Ericsson.