LP-WAN Market – Overview
Low power wide area networks have risen in demand due to their ability to better deliver network speeds for machine-to-machine (M2M) and the internet of things (IoT) networks. Market focused reports connected to the semiconductors and electronics industry among others of late have been made accessible by Market Research Future which issues reports on this industry. 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. Demand for low power consumption and low cost characteristics of LPWAN technology is likely to positively benefit the growth of the market over the forecast period. The increased impetus on the development of the Internet of things has given way to the robust expansion of the low power wide area network market. Furthermore, mounting demand for LPWAN services from end users will drive the growth of the LP-WAN Market in the duration of the forecast period.
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The rising interest in expansion within the business has permitted the industries to use several situations available in the market. Contenders of this market are also spending on inventions to deliver a certain degree of innovation in the market and expand the avenues for growth especially in the period of the forecast. The market trends have also created the need to ensure financial sustainability to devote to the growth prospects as and when they arise. Companies are also continually attempting to create financial leverage, to be better positioned to capitalize on market gains. 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&T 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.
The LP-WAN Market is segmented into the segments of service, connectivity technology, application, network deployment, and vertical. The connectivity technology based segmentation of the market comprises of LoRaWAN, SIGFOX, Weightless, and others. Based on the service, the segment is divided into professional services and managed services. The network deployment factor divides the market into the private sector and public sector. The application based segment the market consists of smart buildings, smart waste management, smart gas and water metering, smart parking, smart streetlights, livestock monitoring and others. While, vertical based segmentation of the market comprises of industrial manufacturing, smart logistics and transportation, agriculture, healthcare, oil and gas, consumer electronics and others.
The low power wide area network market globally is studied in the regions of APAC, North America, Europe, and Rest of the World. It has been witnessed that the European region is projected to account for the biggest share of the market, while the Asia Pacific region is expected to develop at a rapid rate during the forecast period. The development of the market in the European region is attributed to technological advancements and improved adoption of connected devices across numerous industry verticals.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Low Power Wide Area Network Market: By Region, 2017-2023
Table 2 North America Low Power Wide Area Network Market: By Country, 2017-2023
Table 3 Europe Low Power Wide Area Network Market: By Country, 2017-2023
Table 4 Asia-Pacific Low Power Wide Area Network Market: By Country, 2017-2023
Table 5 Middle East & Africa Low Power Wide Area Network Market: By Country, 2017-2023
Table 6 Latin America Low Power Wide Area Network Market: By Country, 2017-2023
Table 7 Global Low Power Wide Area Network By Connectivity Technology Market: By Regions, 2017-2023
Table 8 North America Low Power Wide Area Network By Connectivity Technology Market: By Country, 2017-2023
Table 9 Europe Low Power Wide Area Network By Connectivity Technology Market: By Country, 2017-2023
Table10 Asia-Pacific Low Power Wide Area Network By Connectivity Technology Market: By Country, 2017-2023
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