Narrowband IoT is a wide area network technology that is specially developed for Internet of Things or IoT devices. The connection of these devices is generally made for remote control, cost saving and many more. The increasing use of IoT devices and their technical innovation are some of the major factors to drive the growth of narrowband IoT chipset market. the technology deployed in narrowband IoT helps to provide network connectivity among several devices and services. Use of narrowband IoT chipset in agriculture, healthcare/ E-Health, safety and security, retail, automotive & logistics, manufacturing, energy & utilities and others creates an ample growth of opportunity of this market. Moreover, high usage of alarms and detectors in industrial units, healthcare units, makes the market more demanding. Use of NB-IoT technology in smart agriculture, smart parking and smart buildings, drive the growth of the market.