Low Power Wide Area Network (LPWAN) Market 2018 Global Leaders: NWave Technologies, SIGFOX, WAVIoT, Cisco Systems, Semtech, LORIOT, Weightless SIG, Senet, Huawei Technologies, Ingenu, Link Labs, AT&T

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) is wireless wide range, low bit rate telecommunication network optimized for communications between connected objects. It differs from a wireless WAN owing to its low power, low bit rate network optimized for devices rather than to connect users or businesses applications which need more data and power. The LPWAN data rate ranges from a minimum of 0.3 kbit/s to a maximum of 50 kbit/s per channel. The global low power wide area network market is anticipated to generate a CAGR of 8.9% during the forecast period of 2017 to 2023.

Market Dynamics:

Drivers

The growing connectivity between the devices or Internet of Things (IOT), growing automation, explosive adoption of smart wearable devices are the critical drivers of the market. The technological drivers of the market are the advancements in sensor technology, miniaturization of devices, growing computational power of devices, machine learning and artificial intelligence technologies.

The economic drivers of the market are falling cost of smart devices, elimination of investing in gateway technology for deployment thereby saving on cost, development of telemedicine and connected healthcare delivery, lower cost due to low power consumption, lower data consumption, and ability to integrate in wide applications ranging from lights, home appliances, cars, manufacturing equipment and others. The ubiquity of devices and networks are further impetus to the market

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Industry News

March 2018 - The provider of local, nationwide and international cellular coverage, Senet and Inland Cellular, have announced a partnership to deliver Low Power Wide Area Network (LPWAN) connectivity across Inland Cellular’s coverage areas and extend Inland’s branded services to support the rapid growth of IoT applications.

March 2018 – Sigfox U.S.A., the North America network operator for the global Low Power Wide Area Network (LPWAN) connectivity provider Sigfox, has focused its growth strategy on densifying the network in key regional markets and expanding its partner ecosystem.

March 2018- Senet, a leading provider of cloud-based software, global connectivity service platforms and network buildout for the Internet of Things (IoT), and NanoThings, a full service IoT logistics solution provider and pioneer of advancements in nano electronics to enable a new era of affordability in IoT devices, have announced a partnership to disrupt the logistics industry with the introduction of NanoThings’ LoRa-powered NanoTag technology.

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).

Low Power Wide Area Network Global Market - Regional Analysis

North-America is dominating the Global Low Power Wide Area Network Market with the largest market share and is expected to grow over its previous growth records by 2023. This is due to increasing support of the U.S government and investment for the adoption of IOT technology in various industries such as utilities, manufacturing, and healthcare are providing a key growth opportunities for narrowband internet of things market in North America. Low Power Wide Area Network Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 due to rapid technological advancements and China being the manufacturing hub is dominating the market in Asia-pacific region. Moreover, the increasing investments for smart city projects in Asia Pacific countries is boosting the Low Power Wide Area Network Market. The European market for Low Power Wide Area Network Market is expected to grow at a considerable CAGR (2017-2023).

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

Low Power Wide Area Network Global Market - Competitive Analysis

The Market of Low Power Wide Area Network appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, are partnering with other firms. Prominent vendors of Low Power Wide Area Network targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new Low Power Wide Area Network modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.

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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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