Why the Low Power Wide Area Network Market Is Set To Explode? | Global Players are Actility, AT&T Inc., Avnet, Inc., Cisco Systems, Inc., CONNIT, Huawei Technologies Co. Ltd., Ingenu Inc.., Kerlink, Link labs, LORIOT.IO, Nwave, Orange Business Services, Q

Increasing penetration of industrial IoT (IIoT) will have a positive effect on low power wide area network market growth. Industrial IoT incorporates LPWA technologies including NB-IoT and LTE-M for enabling reliable machine-to-machine communication. Manufacturers have been looking to deploy IoT technologies for increasing the operational efficiencies of the production lines to cater the growing productivity demand.

Growing deployment of industrial IoT connections will necessitate cheap and reliable communication solutions such as LPWAN which may augment the manufacturing segment growth over the forecast timeframe. For instance, the industrial IoT connections are anticipated to grow five time from 2.4 billion connection in 2016 to 14 billion connections in 2025.

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The could deployment model is anticipated the dominate the low power wide area network market throughout the forecast timeframe. The segmental growth is attributed to increasing demand for quick IoT network deployment among the end-users. The organizations prefer cloud platforms over the on-premise counterpart owing to the reduced deployment timeline and ease of managing cloud-enabled LPWAN servers & gateways. Low power wide area network (LPWAN) market from the cloud-deployment model is predicted to grow at a CAGR of over 68% through 2025.

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 LPWAN market.

The smart gas & water metering application is anticipated to account for a substantial share of near about 20% in the low power wide area network market through 2025. Considering the vast spread of gas and water networks, the traditional technologies such as GPRS and ZigBee lack the long-range network coverage requirements, thereby posing a challenge for the deployment of advanced metering infrastructure.

Long distance network coverage provided by LPWAN technologies helps address these connectivity challenges and provides secure communication with excellent range enabling remote monitoring of usage without the need for recurring costly site visits.

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One of the major factors fueling the commercialization prospects of low power wide area network market is the steady increase in the volume of investment pertaining to 5G technology. In this context, it is important to take note of the fact that the mobile IoT technologies, such as LTE-M and NB-IoT, offer a cost-effective wide area coverage while ensuring the success of 5G network deployment.
The 5G technology would enable major telecom firms across the globe to provide high connectivity to support numerous IoT use cases. Taking this factor into account, various telecom firms including Orange, Vodafone, and Airtel are deploying licensed cellular LPWAN as a prominent component of their 5G development strategies.

Table of Contents (ToC) of the report:

Chapter 7. Low Power Wide Area Network Market, By Application
7.1. Key trends, by application
7.2. Smart gas and water metering
7.2.1. Market estimates and forecast, 2015 - 2025
7.3. Asset tracking
7.3.1. Market estimates and forecast, 2015 - 2025
7.4. Smart bulidings
7.4.1. Market estimates and forecast, 2015 - 2025
7.5. Smart parking
7.5.1. Market estimates and forecast, 2015 - 2025
7.6. Precision agriculture
7.6.1. Market estimates and forecast, 2015 - 2025
7.7. Smart waste management
7.7.1. Market estimates and forecast, 2015 - 2025
7.8. Livestock monitoring
7.8.1. Market estimates and forecast, 2015 - 2025
7.9. Others
7.9.1. Market estimates and forecast, 2015 - 2025

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