Low Power Wide Area Network Market Research Report- Forecast till 2023

Market Highlights

The market growth majorly attributes to increasing numbers of IoT/M2M applications and the rising need for long-range connectivity between devices. Market Research Future (MRFR) asserts that the global low power wide area network market is projected to create a valuation of USD 75 BN, growing at a magnificent 72% CAGR throughout the review period (2017 – 2023).

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 report is segmented into six dynamics;

By Connectivity Technology: SIGFOX, LoRaWAN, Weightless, and others.

By Service: Managed and Professional Services. 

By Network Deployment: Private sectors and Public sectors.

By Application: Smart Buildings, Smart Gas & Water Metering, Smart Waste Management, Smart Parking, Smart Streetlights, Livestock Monitoring, and others.

By Vertical: Smart Logistics & Transportation, Agriculture, Healthcare, Industrial Manufacturing, Oil & Gas, Consumer Electronics, and others.

By Regions: Europe, North America, APAC, and Rest-of-the-World. 

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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