Global Low Power Wide Area Network Market
The Global Low Power Wide Area Network Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 390.64 billion by 2025, growing at a CAGR of 90.01% from 2017 to 2025.
A Low-Power Wide-Area Network (LPWAN) is a type of wireless telecommunication wide area network designed to allow long range communications at a low bit rate among things (connected objects), such as sensors operated on a battery. LPWAN is designed to connect users or businesses, and carry more data, using more power. LPWANs are used in applications including smart metering, smart lighting, asset monitoring and tracking, smart cities, precision agriculture, livestock monitoring, energy management, manufacturing, and industrial IoT deployments.
1. Market Drivers
1.1 Increasing need of Connectivity in Enterprises
1.2 Reduced Power Consumption
1.3 Increasing Demand for Intelligent Devices
1.4 Deployment of Smart Cities and Smart Buildings
1.5 Growing need of Long Range Connectivity between Devices
1.6 Low Infrastructure and Operational Cost
1.7 Adoption of Iot Applications
2. Market Restraints
2.1 Lack of Universal LPWAN Standards
2.2 Increasing Data Traffic Rate
2.3 Concerns for Security and Privacy
The Global Low Power Wide Area Network Market is segmented on the basis of application, services, connectivity technologies, network deployments, vertical, and region.
1. By Application:
1.1 Livestock Monitoring
1.2 Smart Streetlights
1.3 Smart Waste Management
1.4 Smart Gas and Water Metering
1.5 Smart Buildings
1.6 Smart Parking
2. By Services:
2.1 Professional Services
2.2 Managed Services
3. By Connectivity Technologies:
4. By Network Deployments:
4.1 Public Sector
4.2 Private Sector
5. By Vertical:
5.1 Smart Logistic and Transportation
5.2 Manufacturing, Agriculture
5.3 Energy and Utilities
5.5 Consumer Electronics
5.6 Oil and Gas
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Senet, Inc.
3. Weightless SIG
5. Semtech Corporation
9. Nwave Technologies
10. Link Labs, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Low Power Wide Area Network Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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