Low-Power Wide-Area Network (LPWAN) is a
prevailing networking technology that helps to build IoT networks and
long-range communication at a low-bitrate. In other words, LPWAN offers a
compelling mix of long-range, low power consumption, secure data transmission.
The global low power wide area (LPWA) network market is growing pervasively.
The market growth majorly attributes to
increasing numbers of IoT/M2M applications and the rising need for long-range
connectivity between devices. Market Research Future (MRFR) asserts that the
global low power wide area network market is projected to create a valuation of
USD 75 BN, growing at a magnificent 72% CAGR throughout the review period (2017
– 2023).
LPWAN integrations are found in
application areas ranging from cars, manufacturing equipment, and street lights
to home appliances and wearable devices. Additionally, the increasing demand
for low-cost and low power consumption networking technologies and LPWAN
services from various end-users influences market share. The proliferation of
smart & connected devices and smart wearable devices such as smartwatches,
smart bands, and smart glasses boost the LPWAN
market size.
Furthermore, the penetration of IoT and
IIoT across industries led by rapid industrialization worldwide positively
impacts the market growth. Increasing adoption of web-based applications and
government funding towards secured and centrally connected networks provide
impetus to the LPWAN market growth.
Besides, the increasing uptake of
cloud-based services among growing numbers of enterprises supports the market
growth. Also, the growing connecting workforce solutions, augmenting uptake of
BYOD policy in rising numbers of organizations, and increasing high-speed data
service demand substantiate the market growth.
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Low Power Wide Area Network Market - Segments
The report is segmented into six dynamics;
By Connectivity Technology: SIGFOX,
LoRaWAN, Weightless, and others.
By Service: Managed
and Professional Services.
By Network Deployment: Private
sectors and Public sectors.
By Application: Smart
Buildings, Smart Gas & Water Metering, Smart Waste Management, Smart
Parking, Smart Streetlights, Livestock Monitoring, and others.
By Vertical: Smart
Logistics & Transportation, Agriculture, Healthcare, Industrial
Manufacturing, Oil & Gas, Consumer Electronics, and others.
By Regions: Europe,
North America, APAC, and Rest-of-the-World.
Global Low Power Wide Area Network Market - Regional
Analysis
Europe dominates the global low power wide
area network market. The region has a large number of enterprises and early
adopters of innovative technologies, offering a favorable platform for LPWAN to
evolve significantly. Besides, the largest market share attributes to
technological advancements and the proliferation of intelligent connected
devices.
Moreover, the presence of several key
industry players and well-established infrastructures fosters market growth,
allowing faster implementation of advanced technologies. The region perceives
vast developments in manufacturing processes and industrial infrastructure.
Also, factors such as rising mobile workforces and a spurting demand for
high-speed data services act as key driving forces for the market.
Asia Pacific is another lucrative market
for low-power wide-area networks globally. Factors such as increasing
opportunities in developing countries and inclination towards automation and
cloud services drive the market growth.
Additionally, the proliferation of mobile
devices, wide adoption of cloud-based solutions among SME & large
enterprises, and developments in the IT sector foster the regional market
growth. Increasing numbers of key technology providers who constantly innovate
to present cost-effective secured low-power WAN solutions drive the market
growth.
Global LPWAN Market - Competitive Analysis
Fiercely competitive, the LPWAN market
appears to be fragmented with the presence of various large and small-scale
players. Leading industry players make substantial investments to
transform the consumer and business landscape. They incorporate strategic initiatives
such as collaboration, partnership, acquisition, product & technology
launch, and expansion to gain a competitive edge staying ahead in this market.
Major Players
Players leading the global low power wide
area network market include LORIOT (Switzerland), Semtech Corporation (US),
NWave Technologies (London), WAVIoT (US), SIGFOX (France), Cisco Systems (US),
Weightless SIG (UK), Actility (France), Senet, Inc. (US), Huawei Technologies
Co. Ltd. (China), AT&T Inc. (Germany), Ingenu (US), Qualcomm Inc. (US),
Link Labs Inc. (US), Vodafone Group Plc. (UK), and Telefonica SA (Spain), among
others.
Industry/Innovation/ Related News
January 26, 2021 – STMicroelectronics
(Switzerland), a global semiconductor leader, announced its partnership with
the ZETA Alliance to promote emerging long-range IoT connectivity
standards. STMicroelectronics caters to customers across the spectrum of
electronics applications. ZETA Alliance is the industry body promoting ZETA
Low-Power Wide Area Network (LPWAN) technology for low-cost, long-range IoT
connectivity.
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Complete Report @ https://www.marketresearchfuture.com/reports/low-power-wan-market-1201
Ref:
LPWAN Market
Research Report: Information by Technology (Hall Effect, Magneto Resistive,
Variable Reluctance), By Application (Automotive, Industrial, Aerospace &
Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific,
Middle East & Africa, and South America)—Forecast till 2030
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