Low Power Wide Area Network (LPWAN) Market 2018 Global Leaders: Semtech, Link Labs, LORIOT, NWave Technologies, SIGFOX, WAVIoT, Actility, Senet, Huawei Technologies

Market Research Future published a research report on “Low Power Wide Area Network (LPWAN) Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

Low power wide area network (LPWAN) involves use of wide range and low bit rate wireless telecommunication network designed for communications between devices. Thus machine to machine connectivity is the main purpose of LPWAN rather than connecting users or businesses, which need more bit rates. The LPWAN bit rate ranges from 0.3 kbit/s to 50 kbit/s per channel. The market for global low power wide area network is estimated to generate a growth of 8.9 % CAGR during the review period ending 2023.

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Market Dynamics:

Drivers

Growing inter-device connectivity, development of Internet of Things (IOT), growing adoption of smart wearable devices, automation, falling coat of devices and others are prime drivers of the market. Advancements in sensor technology, machine learning and artificial intelligence, advent of big data, growing computational power, miniaturization of devices, and others are the technological drivers of the market.

Falling cost of smart devices, development of telemedicine and connected healthcare delivery, adoption of smart devices in host of applications such as lights, home appliances, smart homes cars, manufacturing equipment and others are commercial drivers of the market. The growing adoption of building automation, public transport systems such as metros and others are also charging the market. Low power wide area network also results in cost savings due to avoiding investments in gateway technology, low power consumption, and lower data consumption. The ubiquity of devices and networks, growing integration of devices and others are additional factors driving the market.

Restraints

Lack of uniform standardization, concerns over data security, lack of encryption in many products and issues of integration owing to host of protocols used by products offered by competing vendors are the critical market restraints.

Key Players:

Some of the prominent players in the global low power wide area network market are 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&T 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).

Regional Analysis:

The developed regions of Europe and North America dominates the global low power wide area network market. The U.S. retains an absolute majority of the market owing to its large economy, large research base, faster adoption of new technology and presence of large players. Europe is dominated by Germany, France, U.K. and others.

Asia Pacific is anticipated to be the fastest growing market led by Japan, South Korea, China and India owing to technological advancements and growing adoption of smart devices. The Middle East and Africa market is expected to be dominated by the Gulf economies of Saudi Arabia, UAE and others. The lower adoption rates of smart devices in Africa is the greatest barrier to its market. The poor adoption of smart devices is represented by the fact that Tanzania (11%), Uganda (4%) and Ethiopia (4%) have the least smartphone ownership rates in the world.

Segments:

The global low power wide area network market is segmented by connectivity technology, service, network deployment, application and vertical so as to generate a comprehensive understanding of the complexities and dynamics of the market.

• Connectivity technology - SIGFOX, LoRaWAN, Weightless and others.
• Service - professional services and managed services.
• Network deployment - public sector and private sector.
• Application - smart buildings, smart streetlights, smart waste management, smart gas and water metering, smart parking, livestock monitoring and others.
• Vertical - healthcare, agriculture, industrial manufacturing, smart logistics and transportation, oil and gas, consumer electronics and others.
• Regions - Asia Pacific, North America, Europe, and Rest of the World

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Technology Solution Providers
• Government Bodies
• Regulatory Agencies
• Corporate
• Low Power Wide Area Network Solution Providers
• Telecom Operators
• Mobile Network Operators (MNOs)
• Mobile Service Providers (MSPs)
• Original Equipment Manufacturers (OEMs)

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