This growth rate is based on the increasing needs of companies and government organizations for efficient and reliable low-cost IoT solutions. The market is expected to be driven by the increasing demand for IoT applications such as smart cities, smart homes, and industrial IoT. Moreover, the growing penetration of 5G technology and the increasing initiatives taken by governments to promote the adoption of LPWAN technology are some of the key factors that are expected to drive the market growth during the forecast period.
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Overview
Low Power Wide Area Network (LPWAN) is a wireless network technology that specializes in interconnecting low-bandwidth devices by focussing on long range and power efficiency. These technologies are specifically designed for M2M communications. M2M and IoT applications which consume greater power and cannot be adopted because of budget constraints can benefit from the wider range offered.
LPWAN uses low bandwidth and consumes lesser power. Consequently, data transfer rates for LPWAN are considerably lower. The network supports the devices over a long coverage area than the traditional consumer mobile technologies.
Technologies such as Bluetooth, Zigbee and WiFi are popular for consumer usage but not for industrial or commercial usage. LPWAN is being extensively used in smart cities and buildings, transportation and industrial applications.
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Market Analysis
This unprecedented growth is largely due to the adoption of new integrated approaches by software players and telecom players. The global proliferation of gas and oil pipelines is a major boost for this market.
Regional Analysis
Geographical segmentation for the Low Power Wide Area Network (LPWAN) market by six regions – Americas, Western Europe, Asia Pacific, Eastern Europe, and MEA. The growing number of smart cities projects in APAC and MEA region will continue to drive the market in the coming days.
Vertical Analysis
Segmentation of Global Low Power Wide Area Network (LPWAN) market by types, networks, end-users, technologies and regions. Organisations mostly use private networks because of security issues. Public networks are generally used by start-ups and smaller organisations.
Key Players
The key vendors for the Global Low Power Wide Area Network (LPWAN) market are SIgFox, Semtech, Huawei, NWave, and Weightless.
Competitive Analysis
LPWAN technology is being strategically used to meet customer expectation. Most of the projects concentrating on LPWAN technology are from Western Europe and APAC region. LPWAN is preferred for data transfer and real-time data analysis in these regions for strategic reasons.
Benefits
The study entails an exhaustive analysis of the Low Power Wide Area Network (LPWAN) Market with the aim of bringing all telecom and networking stakeholders on a common pedestal.
The report provides a detailed study of the LPWAN market by connectivity technologies, network types, industry verticals, regional insights, competitive landscape and end user analysis. The report also includes a deeper segmentation and a more detailed analysis of regions by providing country specific insights.
Regional Growth Opportunities:
•Geographical segmentation by Americas, Western Europe, Eastern Europe, Asia Pacific and the Middle East & Africa
The regions have been analysed according to connectivity technologies, key verticals and leading countries
Detailed country wise analysis for the above regions
Current and predicted business strategies for the leading companies such as SigFox, Semtech, NWave Technologies, Neul, and On-Ramp, companies to watch out for and global software providers
The report covers latest industry and market trends, key stakeholders, industry pest analysis and competitive landscape
Industry Applications: •In-depth analysis of six major end user segments, namely agriculture, industrial, consumer, infrastructure, logistics, and utilities
The industry applications have been analysed in terms of connectivity technologies and their networking connections
Detailed analysis of public and private networks
Report briefs about the upcoming technologies by companies such as Semtech and SigFox
The report is useful for the key stakeholders of the LPWAN market such as OEMs, telecom providers, software providers, and platform providers in the following ways:
Competitive analysis (i.e. current and future key business strategies of the competitors and their regional growth) Drivers, growth opportunities and regional trends