Low Power WAN Market is Trending with CAGR of 84.3% by 2023, Key Players- SEMTECH, AT&T, NWAVE TECHNOLOGIES, SIGFOX, LINKLABS, TELEFONICA SA, VODAFONE

Industry Highlights:
Global Low Power WAN Market was valued at USD 1.86 billion in 2017, and is expected to reach a value of USD 72.78 billion by 2023 at a CAGR of 84.3%, over the forecast period (2018-2023). The scope of the report is limited to applications of Low Power WAN which include Smart Meters, Smart Buildings, Smart logistics, Smart Agriculture and others. While the end users considered in the scope of the report include Oil and Gas, Consumer Electronics, Healthcare, Industrial Manufacturing, Logistics and Traveling.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/16598
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Network primarily created for machine-to-machine (M2M) and the internet of things (IoT) systems, LPWANs are capable of operating at a lower cost with higher power efficiency than traditional mobile networks. A higher number of connected devices over a larger area can be supported through such networks. Unlicensed Sigfox has been one of the most widely adopted LPWANs technology to date. Though it is capable of delivering messages to distances ranging about 30-50 km in rural areas, 3-10 km in urban settings and up to 1,000 km in line-of-site applications, its packet size has been limited to 150 messages of 12 bytes per day. The size of downlink packets is smaller which has limited the number of messages to four. The security of the network is not as robust as sending data back to endpoints can also be prone to interference. The growth of wearable has also been adding the interaction between machines emphasizing the need for Low Power WAN.

Key Developments in Low Power WAN Market
May 2018: Invoxia, a French innovation company in collaboration with a community website called Wamiz has developed a new werable which runs on LPWAN technology, used to track the location of Pets. The device is named as Pet Tracker which has been made available for preorder in the website.

Major Players:
SEMTECH CORPORATION, HUAWEI TECHNOLOGIES CO. LTD., AT&T INC., NWAVE TECHNOLOGIES, SIGFOX, LINKLABS INC., TELEFONICA SA, VODAFONE GROUP PLC., LORIOT, WEIGHTLESS SIG, and TECHSHIP, amongst others.

Request Discount on this repots @ https://marketprognosis.com/discount-request/16598
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Growing Technology in Medicine and Healthcare Leading to a Strong Market Potential
The advent of technology will play a pivotal role in designing and developing portable and affordable medical devices. The connectivity enabled by growth of devices both wired or wireless will drive applications such as telemedicine that will facilitate access to the required level of healthcare. Extending its high-performance analog expertise in the medical imaging market. The opening up of medical insurance sector is expected to create further interest in private sector participation in healthcare infrastructure projects. Some of the areas that are being addressed by technology are preventive health care, technology solutions for disability and high-quality healthcare for diseases. Preventive healthcare would need continuous or regular monitoring of health parameters, technological advances in early detection of diseases by study and analysis of molecular level changes, or use high-end processing technologies.

Oil and Gas Industry Driving the Adoption of LPWANs Owing To High Emphasis on Maintenance
Oil and Gas industry has a need for regular maintenance of its infrastructure to avoid various mishaps that have occurred in the past such as Piper Alpha Platform Accident, Usumacinta Jack-up Disaster, and Mumbai High North Disaster etc. Many firms in the domain have been implementing such technology to have better maintenance. The Trans-Alaska Pipeline (TAPS) is one of the world’s largest pipeline systems and has implemented the use of such systems to avoid mishaps. According to ProPublica estimates, more than 50 percent of the pipelines are more than 50 years old, hence constant measurement of conditions and state of such systems is necessary which has increased the use of such systems in oil and gas industries.

North America Expected To Have High Growth for Semiconductors in Healthcare
The region has a high concentration of growing IoT technology with trends such as Industrial internet of things and wearables, coupled with the growth of smart cities are some of the primary factors responsible for the growth of LPWAN networks in the region. Many developments towards the growth of smart cities have been happening in the region which are expected to further increase the use of LPWAN in the region. Google’s Sidewalk Lab and Waterfront Toronto have been involved in building a smart city at Quayside area in Canada. Competitive evaluations for the existing smart city infrastructure are also leading to better implementation of Internet of things.

Enquiry Before Buying @ https://marketprognosis.com/enquiry/16598
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.