Low Power Wide Area Network Market 2018 by Current & Upcoming Trends
Market Highlights
The surge in the
internet of things has provided a suitable backdrop for the expansion of the
low power wide area network. Market reports connected with the semiconductors
and electronics industry have been made accessible by Market Research Future
who publishes reports on other sectors that have been currently published along
with a report on this industry. The market is foreseen to expand at a CAGR of
approximately 72 percent in the duration of the forecast period.
Availability of
a wide range of end-to-end LoRaWAN solutions that have been deployed is
creating an enormous potential for the growth of the market. The requirement
for effective connectivity at low costs is among the prime causes adding to the
development of the market. Rising number IoT and M2M applications together with
the intensifying requirement of long-range connectivity between devices are
expected to strengthen the market growth over the forecast period.
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Segmentation:
The market for
low power wide area network is segmented by connectivity technology, service,
network deployment, application and vertical. By connectivity technology, the
market is segmented into LoRaWAN, SIGFOX, Weightless, and others. By service,
the market is segmented into managed services and professional services. By
network deployment, the market is divided into private sector and public
sector. By application, the market is segmented into smart buildings, smart
waste management, smart gas, water metering, smart parking, smart streetlights,
livestock monitoring, and others. While, on the basis of vertical, the market
is segmented into smart logistics and transportation, healthcare, agriculture,
oil and gas, industrial manufacturing, consumer electronics, and others.
Detailed Regional Analysis
The European
region controls the prime share of the market globally followed by the North
American and Asia Pacific region. The development in the European market is
accredited to the growing technological developments and spread of intelligent
connected devices in the region. Furthermore, the region has a well-established
infrastructure, which permits faster execution of advanced technologies.
Furthermore, the rising adoption of low power consumption technologies is
another chief factor powering the growth of the low power wide area network
market in the region.
Competitive Analysis
The enhancement
in the products and services is the chief factor escalating the market's
productivity and controlling the trends that are acquiring distinction in the
market. The situation for growth plans has stimulated the market for potential
new entrants. Besides, the introduction of new products and services will add
additional impetus to the market progress. The deviations witnessed in terms of
strategy creation and execution are altering the growth pace of the market. The
gaps in the market are filled due to the execution of proper supply chain
strategies. The essential success factors and players’ predilections are
consistently growing by the strategies being used by market contenders.
The important
contenders in the low power wide area network market are LORIOT (Switzerland),
NWave Technologies (London), Semtech Corporation (U.S.), Senet, Inc. (U.S.),
SIGFOX (France), WAVIoT (U.S.), Cisco Systems (U.S.), Actility (France),
Weightless SIG (U.K), AT&T Inc. (Germany), Huawei Technologies Co. Ltd.
(China), Ingenu (U.S.), Telefonica SA (Spain), Qualcomm Inc. (U.S.), Link Labs
Inc. (U.S.), and Vodafone Group Plc. (U.K).
Industry Updates:
Aug 2018 The Scottish Government has proclaimed a
£6 million plan for a countrywide long range wide area network (LoRaWAN)
network to back the growth of internet of things (IoT) applications.
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Global Low
Power Wide Area Network Market Research Report: by Connectivity Technology
(SIGFOX, LoRaWAN, Weightless), Service (Managed, Professional), Network
Deployment (Private, Public), Application and Vertical | Forecast till 2023
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