Predominantly driven by its lesser expensive deployment than that of conventional cellular network, and Wi-Fi connection, low power wide area network (LPWAN) has been emerging as a preferred alternative for connecting devices at a lower speed, and over longer distances. Fairfield Market Research in its latest ongoing study would provide readers with an insightful view of global low power wide area network market. Although the network does not offer a high-speed throughput, the economic pricing structure, Internet readiness, and energy efficiency are expected to elevate the prospects of LPWAN market in the near future.
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Growing Cloud Integration, and High Security Promise Push Preference for LPWAN
With an expanding user base of smartphones, and IoT-enabled/connected devices like smart TVs, cars and other vehicles, meters, and sensors, demand for LPWAN is likely to remain on an upswing. The level of reliability, and security that the network tends to offer its users is expected to elevate its market potential in the foreseeable future. LoRa, and Sigfox will continue to be the sought-after LPWAN technologies, marks the report. In addition, there has been a growing integration of LPWAN technologies with cloud. Given the advantage of the same over traditional network solutions, a number of companies are expected to raise demand in the near future. As the network warrants security of high level, it would remain a preferred choice when it comes to gaining real-time access to an encrypted critical data stream that may even be time sensitive.
Real-time Asset Tracking Applications Continue to Generate Significant Demand
LPWAN has been widely deployed for applications like home monitoring, lighting control, remote heating control at buildings, outdoor logistics monitoring, environmental monitoring, and smart metering. However, tracking applications in industrial environments, as well as smart agriculture sector are growing prominent recently. Increasing usage of LPWAN devices in real-time asset tracking applications remains one of the strongest factors driving market growth, says the report. Asset tracking will thus continue to represent the largest application area in low power wide area network market.
Asia Pacific Remains a High-potential Market
Asia Pacific, the projected high-potential market for LPWAN provider companies, is likely to build up on the back of its unprecedentedly expanding telecom subscriber base, and growing IoT adoption across industrial, as well as consumer markets. Penetration however remains restricted as a result of low awareness regarding the availability, and advantages of low power wide area network. Companies operating in global market have thus been introducing a variety of solutions targeting key application sectors like healthcare, logistics and transportation, and energy management.
Prominent Vendors in LPWAN Market
Some of the leading vendors competing in global low power wide area network market space, include NWave Technologies, Senet, Inc., Semtech Corporation, Weightless SIG, SIGFOX, WAVIoT, LORIOT, Ingenu, Link Labs, and Actility. A large number of companies are emerging over the recent past with their own LPWAN technology versions. Entry of multiple players continues to heat up the competition in low power wide area network market landscape.
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The Global Low Power Wide Area Network Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The report offers a value chain analysis that gives a comprehensive outlook of the low power wide area network market.
The attractiveness analysis of this market has also been included so as to evaluate the segments that are anticipated to be profitable during the forecast period.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Low Power Wide Area Network Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/8814-low-power-wide-area-network-market-reportThe report also covers the complete competitive landscape of the global Low Power Wide Area Network market with company profiles of key players such as:Semtech CorporationLoriot.
ioNwave TechnologiesSigfoxWaviotActilityIngenuLink Labs, Inc.Weightless SIGSenet, Inc.SEGMENTATIONS IN REPORT:Low Power Wide Area Network Market Analysis by Connectivity Technologies:SIGFOXLoRaWANWeightlessOthersLow Power Wide Area Network Market Analysis by Technology Services:Managed ServicesProfessional ServicesLow Power Wide Area Network Market Analysis by Network Deployment:Public SectorPrivate SectorLow Power Wide Area Network Market Analysis by Applications:Smart Waste ManagementSmart BuildingsSmart Gas and Water MeteringSmart StreetlightsSmart ParkingLivestock MonitoringOthersLow Power Wide Area Network Market Analysis by Verticals:AgricultureSmart Logistic and TransportationHealthcareIndustrial ManufacturingOil and GasConsumer ElectronicsOthersLow Power Wide Area Network Market Analysis by Geography:North AmericaEuropeAsia PacificLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Low Power Wide Area Network Market @ https://www.decisiondatabases.com/contact/download-sample-8814The Global Low Power Wide Area Network Market has been exhibited in detail in the following chapters –Chapter 1 Low Power Wide Area Network Market PrefaceChapter 2 Executive SummaryChapter 3 Low Power Wide Area Network Industry AnalysisChapter 4 Low Power Wide Area Network Market Value Chain AnalysisChapter 5 Low Power Wide Area Network Market Analysis By Connectivity TechnologiesChapter 6 Low Power Wide Area Network Market Analysis By Technology ServicesChapter 7 Low Power Wide Area Network Market Analysis By Network DeploymentChapter 8 Low Power Wide Area Network Market Analysis By ApplicationsChapter 9 Low Power Wide Area Network Market Analysis By VerticalsChapter 10 Low Power Wide Area Network Market Analysis By GeographyChapter 11 Competitive Landscape Of Low Power Wide Area Network CompaniesChapter 12 Company Profiles Of Low Power Wide Area Network IndustryPurchase the complete Global Low Power Wide Area Network Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-8814Other Reports by DecisionDatabases.com:Global Wireless Mesh Network Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Vector Network Analyzer Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Software Defined Networking (SDN) Market Research Report – Industry Analysis, Size, Share, Growth, Trends And ForecastAbout-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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The LP-WAN Market is expected to expand with a CAGR of approximately 89 percent in the duration of the forecast period up to 2023.As LPWAN effectively enables long range communication and helps in creating IoT networks around the world, its demand has increased two fold in the past few years.
The market trends have also created the need to ensure financial sustainability to devote to the growth prospects as and when they arise.
The aim of the companies in the market to grow their shareholder's value while enhancing the capability to power their competitive edge has enabled the company’s development to a great extent.
The odds for increasing revenue inflow in the business are expected to swell through the forecast period.Semtech Corporation (U.S.), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIoT (U.S.), Cisco Systems (U.S.), Actility (France), Weightless SIG (U.K), Senet, Inc. (U.S.), AT Inc. (Germany), Huawei Technologies Co. Ltd. (China), Ingenu (U.S.), Link Labs Inc. (U.S.), Qualcomm Inc. (U.S.), Telefonica SA (Spain) and Vodafone Group Plc.
(U.K) are among some of the major players in the low power wide area network market globally.SegmentsThe LP-WAN Market is segmented into the segments of service, connectivity technology, application, network deployment, and vertical.
Based on the service, the segment is divided into professional services and managed services.
