The Latin America, Middle East and Africa Narrowband IoT (NB-IoT) Chipset Market would witness market growth of 56.8% CAGR during the forecast period (2022-2028).
When it pertains to automatic meter reading, NB-IoT may be a lot better option than the majority of other protocols and technologies because it can be used in a variety of scenarios and industries. NB-IoT can be utilized for bigger data transfers, especially in isolated or rural areas that are unreachable. Since NB-IoT has improved deep indoor coverage more than GSM or LTE, a scenario where the modules are concealed would also be a good example.
The challenging requirements of extended coverage - rural and deep indoors - and ultra-low device complexity are met by new physical layer signals and channels. The NB-IoT modules' initial cost is anticipated to be similar to that of GSM/GPRS. Although the underlying technology is considerably simpler than GSM/GPRS today, its cost is anticipated to drop significantly as demand rises.
All significant manufacturers of mobile devices, chipsets, and modules support NB-IoT, which can coexist alongside 2G, 3G, as well as 4G mobile networks. The security and privacy aspects of mobile networks, like support for user identity secrecy, confidentiality, entity authentication, data integrity, and mobile equipment identification, are also advantageous to it.
All of the major cereals, with the exception of rice, oil seeds, subtropical and deciduous fruits, sugar, citrus, wine, the majority of vegetables, dairy, cattle, pigs, sheep, broilers, ostriches, and eggs are all produced in South Africa. The primary sector of the Kenyan economy is agriculture. According to the Foreign Agricultural Services, it is the most significant economic sector, accounting for approximately 25% of GDP and 75% of the labor force in the country (Republic of Kenya 2005). Over 80% of Kenyans reside in rural regions and depend on agriculture as their primary source of income. Because of its significance, the functioning of the sector affects the health of the entire economy.
The Brazil market dominated the LAMEA Narrowband IoT (NB-IoT) Chipset Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $135.6 million by 2028. The Argentina market is anticipated to grow at a CAGR of 57.6% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 56.4% during (2022 - 2028).
Based on Application, the market is segmented into Alarms & Detectors, Smart Meters, Trackers, Wearable Devices, Smart Parking, and Others. Based on Deployment, the market is segmented into Guard, In-band, and Stand-alone. Based on Offering, the market is segmented into Hardware (Processor, Memory, and Power Management Unit) and Software. Based on Vertical, the market is segmented into Infrastructure, Energy & Utilities, Automotive & Transportation, Agriculture, Healthcare & Dental, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Narrowband IoT (NB-IoT) Chipset Market is Predict to reach $7.7 Billion by 2028, at a CAGR of 51.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd., Intel Corporation, U-blox Holding AG, Sequans Communications S.A., Huawei Technologies Co. Ltd., Qualcomm, Inc., Nordic Semiconductor ASA, MediaTek, Inc., Sercomm Corporation and Sanechips Technology Co., Ltd
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