Low Power Wide Area Network Market Business Opportunities, Latest Innovations, Top Players and Forecast by 2027

 

Market Highlights

According to Market Research Future (MRFR)’s latest report, the global low power wide area network market has been projected to gain quick mileage and strike a CAGR of 72% during the forecast period 2017 to 2023. The assessment report also indicates that the global market is poised to scale valuation of USD 75 Bn towards the end of 2023. Lower power wide area network (LPWAN) facilitates the deployment and operations of IoT and M2M systems at a lower cost while assuring high power efficiency. It supports the functioning of quite a large number of connected devices over a huge area.

The growth of IoT and wireless technology is expected to drive the expansion of the low power wide area network market in the forthcoming years. The rising adoption of smart buildings, industrial automation, etc. has unleashed tremendous opportunities for growth into the market. It is anticipated to have a positive influence on the future trajectory of the low power wide area network market in the upcoming years.

LPWAN can be integrated into cars, wearable devices, manufacturing equipment, etc. Thus, it has developed applications across a wide range of industries and is projected to penetrate more verticals in the foreseeable future. The growth of end-user industries is prognosticated to augment the low power wide area network market over the next couple of years.

Get a Free Sample @https://www.marketresearchfuture.com/sample_request/1201

Segmentation:

By connectivity technology, the global market has been segmented into SIGFOX, LoRaWAN, and Weightless.

By service, the low power wide area network market has been segmented into managed and professional.

By network deployment, the global low power wide area network market has been segmented into private and public.

By application, the low power wide area network market has been segmented into smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring, and others.

By vertical, the global low power wide area network market has been segmented into agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics and others.

Regional Analysis:

The global low power wide area network market, by region, has been segmented into Asia Pacific, North America, Europe, and the Rest of the World (RoW). Europe is expected to retain the lion’s share of the market over the assessment period. The increasing rate of technological implementations is expected to drive the growth of the regional market. In addition, the rising adoption of connected devices is further expected to boost the growth trajectory of the low power wide area network market in the region.  Meanwhile, Asia Pacific signifies exceptional growth opportunities. It is poised to strike a comparatively higher CAGR over the assessment period. 

Competitive Dashboard:

The major players operating in the global low power wide area network market are Telefonica SA (Spain), Semtech Corporation (U.S.), NWave Technologies (London), LORIOT (Switzerland), SIGFOX (France), Cisco Systems (U.S.), WAVIoT (U.S.), Actility (France), Senet, Inc. (U.S.), Weightless SIG (U.K), AT&T Inc. (GermanyIngenu (U.S.), Link Labs Inc. (U.S.), ), Huawei Technologies Co. Ltd. (China), Qualcomm Inc. (U.S.), and Vodafone Group Plc. (U.K).

Industry News:

In March 2019, BT Group plc, a British multinational telecommunications company, has leveraged its IoT technology for connecting smart water network as a part of the new pilot program with Northumbrian Water.

In March 2019, a worldwide licensee of the MIOTYä LPWAN solutions, Behr Technologies Inc. (BTI), has partnered with PixelMechanics, a leading digital agency that specializes in IIoT lifecycle management, with the aim of improving quality control and production efficiency at manufacturing facilities. The companies are set to utilize a combination of PixelMechanicsIoT platform and MIOTY LPWAN technology.

In March 2019, China Shanghai Yangpu government has signed an agreement with Berlin-based non-profit MXC Foundation for the deployment of MXC’s Smart City IoT Standard in Shanghai with its LPWAN.

Browse Complete Report @https://www.marketresearchfuture.com/reports/low-power-wan-market-1201

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

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                    

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

 

Comments

Post a Comment

Popular posts from this blog

Software Analytics Market Leading Growth Drivers, Future Estimation and Industry Outlook 2027

  Market Highlights According to Market Research Future (MRFR), the global software analytics market is projected to grow at approximately USD 11.5 billion at a 10% CAGR between 2017 and 2023 (forecast period). The study offers a precise assessment of the effects of COVID-19 on current / future market conditions. The report also highlights key market factors that will affect the growth of this sector, such as market share, top region, and global companies. Software analytics can be described as a branch of data analytics. Software analytics is designed to conduct a specific kind of analytics related to software systems. The software monitors, predicts, and improves the performance and effectiveness of software development. Market Dynamics The key drivers of the market for software analytics include increasing competition between companies and the demand for improved software analytics. Increasing competition creates an opportunity for businesses to collect efficient data re...
Read more

Virtual Private Cloud Market Analysis, Emerging Technology, Sales Revenue and Comprehensive Research Study Till 2027

  Market Highlights The increased availability of public cloud infrastructure by providers is expected to increase the implementation of virtual private cloud. The escalated implementation of virtual private clouds in small and medium enterprises and large enterprises is expected to strengthen the growth of the market in the forecast period. Furthermore, factors such as inexpensive disaster recovery solutions and uncomplicated installation are expected to further provide opportunities for growth in the virtual private cloud market. The growing need to operate in an isolated section of the cloud infrastructures globally is expected to spur the demand for virtual private cloud. Market reports linked to information and communication technology industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is projected to accomplish revenues worth USD 50 Billion while expanding ...
Read more

Cybersecurity Market Opportunities, Demand, Growth, Application and Forecast to 2027

  Market Highlights The global cybersecurity market is predicted to touch USD 199.98 billion at a 10.5% CAGR between 2018- 2025 states the recent Market Research Future (MRFR) analysis. Cybersecurity is a combination of different processes and technologies that have been designed for shielding data, devices, and networks from unauthorized access or attack. It has extensive applications in aerospace and defense, government, retail, IT and telecommunication, healthcare, BFSI, manufacturing, and other sectors.  Various factors are propelling the global cybersecurity market share. As per the current MRFR report, such factors include the growing demand for enterprise mobility, increasing penetration of smartphones, rise in IoT devices that demand network security solutions, requirement amid organizations to reduce security risks, surging cases of cyber-attacks, and demand for cybersecurity during the ongoing COVID-19 outbreak for securing the virtual private network servers tha...
Read more