Press release
Low Power Wide Area Network (LPWAN) Market : Future Demand, Market Analysis & Outlook to 2025
In today’s world, massive growth in Internet of Things (IoT) with enhanced cellular and Wi-Fi technologies infrastructure, low power wide area network technology appears as an emerging sector of the IoT as this technology is applicable to both private and public Internet of Things (IoT) infrastructure. Low-power Wide Area Network (LPWAN) is a wireless wide area network technology that is specialized for interconnecting devices with low-bandwidth connectivity, focusing on range and power efficiency. This technology is basically designed for machine-to-machine (M2M) wireless sensor networking environments. With decreased power requirements, longer range and lower cost than a mobile network, LPWANs are thought to enable a much wider range of M2M and Internet of Things (IoT) applications, which are challenged by budgets and power issues.
Application of LPWAN is prominently in industrial IoT, civic and commercial devices where multiple connectivity is required with precise bandwidth balance, low power consumption & long battery life of devices and low operational cost.
Low Power Wide Area Network (LPWAN) Market: Drivers and Restraints
Adoption of Internet of Things and integration of Machine-to-Machine (M2M) across various industries are the primary drivers for the growth of Low Power Wide Area Network (LPWAN) market. Moreover, factors such as government infrastructure projects such as smart cities water, gas metering and asset tracking and increase in wireless real time tracking and product & process monitoring are also driving the growth low power wide area network market.
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However, lack of governance along with privacy and security concerns open standards for LPWAN connectivity are factors restraining the growth of low power wide area network (LPWAN) market.
Low Power Wide Area Network (LPWAN) Market: Regional Overview
Europe region is the largest market for low power wide area network (LPWAN) due to integration of machine-to-machine connectivity in various industry sectors followed by North America. Asia Pacific low power wide area network (LPWAN) is expected to grow at the highest pace owing to increasing adoption of IoT due to huge smartphone penetration. Low Power Wide Area Network (LPWAN) market in Latin America and Middle East region is also growing at a significant pace due to government initiatives towards infrastructure development.
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Low Power Wide Area Network (LPWAN) Market:
Key Agreement
In October 2016, Semtech Corporation, analog and mixed-signal semiconductors supplier and Comcast a global telecommunications company entered into an agreement deploy trial LoRaWAN network in United States based on Semtech LoRa Wireless Radio Frequency Technology.
Key Players
Cisco, Semtech Corporation, LORIOT, NWave Technologies, SIGFOX, WAVIoT , Actility , Ingenu , Link Labs, Weightless SIG, and Senet, Inc. are some of the key players in low power wide area network (LPWAN) market.
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