Market Highlights
Low Power Wide Area Network (LPWAN) is a type of network and the prevailing technology choice for building IoT networks, worldwide, allowing long range communication at a low-bit rate. LPWAN offers a very compelling mix of long range, low power consumption and secure data transmission.
As a result, its market is growing pervasively. Moreover, some of the major factors such as the Increasing number IoT/M2M applications and rising need of long range connectivity between devices are escalating the market on the global platform.
Recognizing the huge traction, the market perceives currently and gauging the potential of the market to grow in the future; Market Research Future (MRFR), in its recently published market study report asserts that the global low power wide area network (LPWAN) market will reach approximately 75 BN USD, posting a magnificent CAGR of around 72% throughout the forecast period (2017 – 2023).
LPWAN technology finds its integration in a range of application areas such as the cars, manufacturing equipment, street lights, home appliances, and wearable devices. Additional factors fostering the growth of the LPWAN market include the increasing demand for low cost and low power consumption of LPWAN technology and growing demand for LPWAN services from various end users.
Moreover, the market proliferation of smart & connected devices alongside the penetration of smart wearable devices such as smart watches, smart bands, and smart glasses drives the market growth. Furthermore, the proliferation of IoT and IIoT across the industries alongside the rapid industrialization is impacting the market growth positively.
Increasing market penetration of web-based applications and government funding towards secured and centrally connected network provide impetus to the market growth to an extent. Besides, the growing number of enterprises and the increasing uptake of cloud-based services by these enterprises support the market growth. Also, the growing connecting workforce solutions, augmenting uptake of BYOD policy in the rising number of organizations, and the increasing demand for high-speed data services substantiate the market growth.
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Segmentation:
The report has been segmented into six key dynamics for the convenience;
By Connectivity Technology : SIGFOX, LoRaWAN, and Weightless among others.
By Service : Managed and Professional among others.
By Network Deployment : Private sector and Public sector.
By Application : Smart Waste Management, Smart Buildings, Smart Gas & Water Metering, Smart Streetlights, Smart Parking, and Livestock Monitoring among others.
By Vertical : Agriculture, Smart Logistics &Transportation, Healthcare, Industrial Manufacturing, Oil & Gas, and Consumer Electronics among others.
By Regions : Europe, North America, PAC and Rest of the World.
Global Low Power Wide Area Network (LPWAN) Market - Regional Analysis
The European region dominates the global low power wide area network (LPWAN) market followed by North America and Asia Pacific region, respectively. Factors impacting the growth of the regional market include the technological advancements and proliferation of intelligent connected devices among others. Moreover, the presence of a well-established infrastructure fosters market growth, allowing faster implementation of advanced technologies.
North America is a hub for a large number of enterprises and early adopter of innovative technology, and hence, offers a favorable platform to the low power wide area network (LPWAN) to evolve significantly. The region perceives a higher growth in terms of advancements in technology, manufacturing processes operations, and industrial infrastructure. Resultantly, the market in this region is increasing rapidly. Also, factors such as the presence of major market players, rising mobile workforces, and a spurting demand for high-speed data services are some of the key driving forces behind the growth of the regional market.
The Asia Pacific region has become another lucrative market for LPWAN following the North American market closely. The market in the APAC is growing significantly due to the factors such as the increasing opportunities in the developing countries which are inclined toward automation, adopting increasingly cloud services.
Moreover, the market proliferation of mobile devices, wide adoption of cloud-based solutions among SME & large enterprises, and developments in the IT sector are some of the major factors fostering the growth of the regional market. Additionally, the increasing numbers of prominent players in this market drive the market growth continually innovating and presenting cost-effective secured low power LPWAN solutions.
Global LPWAN Market - Competitive Analysis
The fiercely competitive LPWAN market appears to be fragmented with the presence of various large and small-scale players.
Key players operating in the market are investing substantially in transforming the consumer and business landscape in the future. Matured players incorporate strategic initiatives such as collaboration, partnership, acquisition, product & technology launch, and expansion to gain a competitive edge staying ahead in this market.
Key Players:
Key players leading the global low power wide area network market include LORIOT (Switzerland), Semtech Corporation (U.S.), NWave Technologies (London), WAVIoT (U.S.), SIGFOX (France), Cisco Systems (U.S.), Weightless SIG (U.K), Actility (France), Senet, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), AT&T Inc. (Germany), Ingenu (U.S.), Qualcomm Inc. (U.S.), Link Labs Inc. (U.S.), Vodafone Group Plc. (U.K), and Telefonica SA (Spain) among others.
Industry/Innovation/ Related News:
December 11, 2018 ---Sigfox U.S.A., a network operator for the global Low Power Wide Area Network (LPWAN) connectivity provider Sigfox(the US), announced that its selection by Gloucester Innovation as the Internet of Things (IoT) network of choice to capture ocean floor data with every small device that could ultimately attach to more than 300,000 Massachusetts lobster traps.
Through the LobsterNet, Sigfox provides Gloucester Innovation with low power wide area connectivity which will allow the devices to transmit oceanic acidity, depth, temperature, and other ocean floor information on a daily basis.
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Global Low Power Wide Area Network Market Research Report: by Connectivity Technology (SIGFOX, LoRaWAN, Weightless), Service (Managed, Professional), Network Deployment (Private, Public), Application and Vertical –Forecast till 2023
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The LP-WAN Market is expected to expand with a CAGR of approximately 89 percent in the duration of the forecast period up to 2023.As LPWAN effectively enables long range communication and helps in creating IoT networks around the world, its demand has increased two fold in the past few years.
The market trends have also created the need to ensure financial sustainability to devote to the growth prospects as and when they arise.
The aim of the companies in the market to grow their shareholder's value while enhancing the capability to power their competitive edge has enabled the company’s development to a great extent.
The odds for increasing revenue inflow in the business are expected to swell through the forecast period.Semtech Corporation (U.S.), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIoT (U.S.), Cisco Systems (U.S.), Actility (France), Weightless SIG (U.K), Senet, Inc. (U.S.), AT Inc. (Germany), Huawei Technologies Co. Ltd. (China), Ingenu (U.S.), Link Labs Inc. (U.S.), Qualcomm Inc. (U.S.), Telefonica SA (Spain) and Vodafone Group Plc.
(U.K) are among some of the major players in the low power wide area network market globally.SegmentsThe LP-WAN Market is segmented into the segments of service, connectivity technology, application, network deployment, and vertical.
Based on the service, the segment is divided into professional services and managed services.
Market HighlightsLow power wide area network (LPWAN) is wireless wide range, low bit rate telecommunication network optimized for communications between connected objects.
It differs from a wireless WAN owing to its low power, low bit rate network optimized for devices rather than to connect users or businesses applications which need more data and power.
The LPWAN data rate ranges from a minimum of 0.3 kbit/s to a maximum of 50 kbit/s per channel.
The global low power wide area network market is anticipated to generate a CAGR of 8.9% during the forecast period of 2017 to 2023.Market Dynamics:DriversThe growing connectivity between the devices or Internet of Things (IOT), growing automation, explosive adoption of smart wearable devices are the critical drivers of the market.
The technological drivers of the market are the advancements in sensor technology, miniaturization of devices, growing computational power of devices, machine learning and artificial intelligence technologies.The economic drivers of the market are falling cost of smart devices, elimination of investing in gateway technology for deployment thereby saving on cost, development of telemedicine and connected healthcare delivery, lower cost due to low power consumption, lower data consumption, and ability to integrate in wide applications ranging from lights, home appliances, cars, manufacturing equipment and others.
The ubiquity of devices and networks are further impetus to the marketRestraints Lack of uniform standardization and issues of integration between products offered by competing vendors resulting in high switching costs are the prime restraints on the market.Get a Free Sample @https://www.marketresearchfuture.com/sample_request/1201Segmentation:The global low power wide area network market is segmented by connectivity technology, service, network deployment, application and vertical so as to generate a comprehensive understanding of the complexities and dynamics of the market.Connectivity technology - SIGFOX, LoRaWAN, Weightless and others.Service - professional services and managed services.Network deployment - public sector and private sector.Application - smart buildings, smart streetlights, smart waste management, smart gas and water metering, smart parking, livestock monitoring and others.Vertical - healthcare, agriculture, industrial manufacturing, smart logistics and transportation, oil and gas, consumer electronics and others.Regions - Asia Pacific, North America, Europe, and Rest of the WorldRegional Analysis:The global low power wide area network market is dominated by Europe led by Germany, France, U.K. and others.
The Global Low Power Wide Area Network Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report offers a value chain analysis that gives a comprehensive outlook of the low power wide area network market.
The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Low Power Wide Area Network Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/8814-low-power-wide-area-network-market-reportThe report also covers the complete competitive landscape of the global Low Power Wide Area Network market with company profiles of key players such as:Semtech CorporationLoriot.
ioNwave TechnologiesSigfoxWaviotActilityIngenuLink Labs, Inc.Weightless SIGSenet, Inc.SEGMENTATIONS IN REPORT:Low Power Wide Area Network Market Analysis by Connectivity Technologies:SIGFOXLoRaWANWeightlessOthersLow Power Wide Area Network Market Analysis by Technology Services:Managed ServicesProfessional ServicesLow Power Wide Area Network Market Analysis by Network Deployment:Public SectorPrivate SectorLow Power Wide Area Network Market Analysis by Applications:Smart Waste ManagementSmart BuildingsSmart Gas and Water MeteringSmart StreetlightsSmart ParkingLivestock MonitoringOthersLow Power Wide Area Network Market Analysis by Verticals:AgricultureSmart Logistic and TransportationHealthcareIndustrial ManufacturingOil and GasConsumer ElectronicsOthersLow Power Wide Area Network Market Analysis by Geography:North AmericaEuropeAsia PacificLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Low Power Wide Area Network Market @ https://www.decisiondatabases.com/contact/download-sample-8814The Global Low Power Wide Area Network Market has been exhibited in detail in the following chapters –Chapter 1 Low Power Wide Area Network Market PrefaceChapter 2 Executive SummaryChapter 3 Low Power Wide Area Network Industry AnalysisChapter 4 Low Power Wide Area Network Market Value Chain AnalysisChapter 5 Low Power Wide Area Network Market Analysis By Connectivity TechnologiesChapter 6 Low Power Wide Area Network Market Analysis By Technology ServicesChapter 7 Low Power Wide Area Network Market Analysis By Network DeploymentChapter 8 Low Power Wide Area Network Market Analysis By ApplicationsChapter 9 Low Power Wide Area Network Market Analysis By VerticalsChapter 10 Low Power Wide Area Network Market Analysis By GeographyChapter 11 Competitive Landscape Of Low Power Wide Area Network CompaniesChapter 12 Company Profiles Of Low Power Wide Area Network IndustryPurchase the complete Global Low Power Wide Area Network Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-8814Other Reports by DecisionDatabases.com:Global Wireless Mesh Network Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Vector Network Analyzer Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Software Defined Networking (SDN) Market Research Report – Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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