The Global Narrowband IoT (NB-IoT) Chipset Market is projected to grow from USD 1.95 billion in 2023 to USD 21.27 billion by 2029, at a CAGR of 48.7%. This growth is fueled by rising demand for low-power, wide-area connectivity solutions across various sectors, including smart cities, healthcare, and agriculture. Key players in the market include Qualcomm, Huawei, and Samsung, as they invest in enhancing NB-IoT capabilities to meet evolving IoT needs.
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