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Narrowband Internet of Things (IoT) chipset is a low power wide area (LPWA) technology developed to enable a wide range of IoT devices or services, which requires small amount of data for long time. These IoT devices are connected for cost saving, remote control, and many more. Hence, the rising IoT innovation and the increasing penetration of IoT devices are some major factors expected to increase the demand for narrowband Internet of Things (IoT) chipset. Narrowband IoT devices have the capacity to send and receive data at a fast speed.

The worldwide set top box chipset market is predicted to experience significant growth throughout the forecast period (202-2027).

The Narrowband Internet of Things (IoT) chipset is an application-explicit arrangement that gives minimal expense, high velocity admittance to existing WAN and LAN organizations.