Low Power Geolocation Market size is Expected to Reach $176.58 billion by 2030 | Registering a CAGR of 21.8% from 2021 to 2030

Allied Market Research published an exclusive report, titled, "Low Power Geolocation Market by Solution (Software & Platform, Hardware, and Services), Geolocation Area (Outdoor and Indoor), Technology (GPS, Wi-Fi, Bluetooth, UWB, LPWAN, and Others), Industry Vertical (Logistics & Transportation, Healthcare, Power Utilities, and Oil & Gas, Agriculture, Consumer Electronics, and Others) : Global Opportunity Analysis and Industry Forecast, 2021-2030".

The global low power geolocation market size was valued at $26.78 billion in 2020, and is projected to reach $176.58 billion by 2030, registering a CAGR of 21.8% from 2021 to 2030

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Some of the prime drivers of the low power geolocation industry are surge in penetration of the aging infrastructure is further anticipated to drive the low power geolocation market growth. The market for low power geolocation would be driven by investing in new technology aimed at increasing system life. Another key factor driving the growth of the low power geolocation market is the increased focus on infrastructure throughout the world.

Low power geolocation provides monitoring technology to alert maintenance workers when outdated and overused equipment is about to fail, allowing them to make better decisions by providing real-time data on problems and possibilities for improvement. Aside from the limits listed above, there are others, such as environmental factors such as temperature and humidity, as well as groundwater seepage, which can have an influence on the operation of switchgear electrical networks, particularly those situated outside. The changing times necessitate changes in the fundamentals as well. In this situation, even small and medium-sized organizations (SMEs) are taking advantage of collocation data hubs' immense potential and the internet's enormous capacity.

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Businesses can evaluate the Porter's Five Forces Analysis to determine the structure, level of competition, and industry's strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company's success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Competitive Analysis:
The low power geolocation industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Report Overview:
https://www.alliedmarketresearch.com/low-power-geolocation-market-A14531

Some of the major key players of the global low power geolocation market include:
• Sigfox S.A.
• Hoopo
• Semtech Corporation
• Cisco Systems
• Nestwave SAS
• Kerlink S.A
• Favendo GmbH
• STMicroelectronics
• Digital Matter
• Tracktio

Top Impacting Factors
Significant factors that impact the growth of the global low power geolocation industry include a rise in demand for enhanced real-time location tracking systems, coupled with an increase in the need for fleet management across industries. Moreover, an increase in the necessity of improving operational efficiency is expected to drive the market during the forecast period.

However, the rise in privacy and security concerns acts as a prime barrier for early adoption, which hampers the growth of the market. On the contrary, the surge in adoption of the 5G network across industries and a rise in the adoption of low-power wide-area network protocol for asset tracking are expected to offer lucrative growth opportunities to the low-power geolocation market during the forecast period.

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Key Benefits for Stakeholders:
• This study comprises analytical depiction of the global low power geolocation market growth along with the current trends and future estimations to depict the imminent investment pockets.
• The overall low power geolocation market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current low power geolocation market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and the low power geolocation market share of key vendors.
• The report includes the market trends and the low power geolocation market opportunity of key vendors.

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