(LPWAN) Low Power Wide Area Network Market 2019 - Asia Pacific to Witness Robust Growth Prospects

The Asia Pacific Low Power Wide Area Network Market is expected to witness the fastest growth rate of over 68% during the forecast timeline. The countries in the region including China, India, and the Netherlands are witnessing a surge in the adoption of IoT solutions in various industry verticals such as agriculture, manufacturing, utilities, and logistics. For instance, the government agencies in the countries including India and China are supporting digital transformation with initiatives, such as Make in India & Made in China 2025, to promote the adoption of IoT across manufacturing industries. The massive implementation of IoT platforms will give rise to the demand for LPWA connections to support IoT-based applications, enabling smart factories. The global LPWAN vendors are also expanding their network in this region, increasing the uptake of LPWAN solutions. For instance, in July 2016, Semtech teamed up with SK Telecom to deploy a nationwide LoRaWAN network in South Korea. The partnership is helping SMEs & start-ups to test & deploy their innovative IoT solutions over the network.

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Owing to the rising deployment of LPWA technologies, including LTE-M, NB-IoT, and LoRa, Low Power Wide Area Network Market share is witnessing an increased traction in the recent years. Interestingly, LPWAN networks have emerged as popular choice among enterprises to support various IoT use cases and solutions for business sectors such as agriculture, manufacturing, logistics, and healthcare, among others. Enumerated below are three major factors that are shaping the growth prospects of Low Power Wide Area Network Industry.

In the services segment, professional services are expected to dominate the Low Power Wide Area Network Market in 2025 with a share of over 64%. The professional service providers offer various technical as well as advisory services to organizations to meet the demands of the evolving business environment. Through professional services such as consulting and support solutions, the service experts provide hands-on technical assistance and assist in network planning to make the deployment of LoRa networks easier.

The cloud deployment model in the Low Power Wide Area Network Market is projected to grow at a CAGR of over 68% over the forecast timeline. The customers prefer cloud platforms for quick IoT network deployment. By using the cloud deployment model, organizations can significantly reduce the deployment timeline and easily manage cloud-enabled LPWAN servers and gateways. The companies operating in the Low Power Wide Area Network Market are also offering cloud platforms, which will enable users to easily manage the data generated by IoT sensors and allow network operators to monitor the LPWA network.

The utilities Low Power Wide Area Network Market is expected to hold a market share of over 17% in 2025. Power and oil & gas companies are facing connectivity challenges due to the rapidly-changing operating environment. Due to the rising need for smart meter connectivity, remote monitoring of transmission & distribution network, and predictive maintenance, the demand for LPWAN technologies will increase to a greater extent. The utility companies are adopting LPWAN technologies to drive high performance and increase operational efficiencies. For instance, in February 2019, IGL India introduced its pre-paid smart gas metering system, leveraging LoRaWAN IoT network of Tata Communications. Genesis Gas Solutions provided new smart meters, helping customers to easily monitor their gas use in real-time.

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In a nutshell, the increasing volume of investment by telecom firms in expanding the NB-IoT and LoRaWAN networks, the advent of 5G technology and its development, and the rise in industrial IoT connections has been fueling Low Power Wide Area Network Market share. As per a research report by Global Market Insights, Inc., LPWAN industry size is slated to exceed USD 65 billion by 2025.

Major Key Points from Table of Content:

Chapter 5. Low Power Wide Area Network Market, By Component
5.1. Key trends, by component
5.2. Platform
5.2.1. Market estimates and forecast, 2015 – 2025
5.2.2. NB-IoT
5.2.2.1. Market estimates and forecast, 2015-2025
5.2.3. LTE-M
5.2.3.1. Market estimates and forecast, 2015-2025
5.2.4. LoRaWAN
5.2.4.1. Market estimates and forecast, 2015-2025
5.2.5. Sigfox
5.2.5.1. Market estimates and forecast, 2015-2025
5.2.6. Weightless
5.2.6.1. Market estimates and forecast, 2015-2025
5.2.7. Others
5.2.7.1. Market estimates and forecast, 2015-2025
5.3. Service
5.3.1. Market estimates and forecast, 2015 – 2025
5.3.2. Professional services
5.3.2.1. Market estimates and forecast, 2015-2025
5.3.3. Managed service
5.3.3.1. Market estimates and forecast, 2015-2025

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