Low Power Wide Area Network To Set An Exemplary Growth Pace With 72% CAGR By 2023

Pune, India, September, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Low Power Wide Area Network  Market Research Report.

Low Power Wide Area Network – Overview

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.

Segmental Analysis

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.

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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.