Low Power Wide
Area Network (LPWAN) Market Size and Growth Rate:
Low Power Wide Area Network (LPWAN) Market size was valued USD 986 in
2017 it is expected to reach USD 28746.5 by the end of 2025, with increasing at
a CAGR of during the forecast period 2018-2025.
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Low Power Wide
Area Network (LPWAN) Market Growth Drivers and Restraints:
The growth of IoT and wireless technology is anticipated to drive the
development of the low power wide area network market in the future years. The
increasing adoption of smart buildings, industrial automation, etc. has
unleashed huge opportunities for growth into the market. It is expected to have
a positive influence on the ultimate trajectory of the market in the
forthcoming years.
LPWAN can be combined into cars, wearable devices, manufacturing
equipment, etc. Thus, it has received applications across a wide range of
industries and is forecasted to penetrate more verticals in the foreseeable
future. The growth of end-user industries is prognosticated to increase the low
power wide area network run over the next couple of years.
The market of LPWAN is primarily driven by the growing adoption of low
power consumption, increasing need of long-range connectivity between devices,
growing internet users & connected devices, cost savings, growing number
IoT/M2M applications and progress in the development of smart cities &
smart buildings. But some of the restraints such as incompatibility in handling
heavy data traffic, lack of rules, privacy & security concerns, absence of
a unified regulatory body, and combination complexities are impacting the
market significantly. Moreover, some of the new possibilities include MNOs
& non-MNO network providers, OEMs, small & medium enterprises (SME) and
system integrators.
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Low Power Wide
Area Network (LPWAN) Market Geographical Segmentation:
The European region holds the highest share of the market across the
globe followed by North America and the Asia Pacific regions. The majority in
Europe market is attributed to the increasing technological improvements and
proliferation of intelligent connected devices in the region. Furthermore, the
region has a well-established infrastructure, which allows faster
implementation of superior technologies. Additionally, the increasing adoption
of low power consumption technologies is another important factor driving the
increase of the low power wide area network market in the region.
Keyplayers of
the Low Power Wide Area Network (LPWAN) Market:
Some of the leading players in the global Low Power Wide Area Network
Market are LORIOT (Switzerland), Semtech Corporation (U.S.), NWave Technologies
(London),Cisco Systems (U.S.), SIGFOX (France), WAVIoT (U.S.), Activity
(France),AT&T Inc. (Germany), Weightless SIG (U.K), Senet, Inc. (U.S.),
Huawei Technologies Co. Ltd. (China), Qualcomm Inc. (U.S.),Ingenu (U.S.), Link
Labs Inc. (U.S.), Telefonica SA (Spain) and Vodafone Group Plc. (U.K).
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