Pune, India -- (SBWire) -- 03/13/2019 --The LPWAN market is expected to grow US$ 28746.5 Mn by 2025 from US$ 986.0 Mn in 2017.
Majority of the LPWAN technologies offer low cost of ownership in comparison to the traditional cellular networks. Further, they borrow themselves to be used as public as well as private network deployments. The low-cost of ownership allows more interruption by enabling emerging players to undertake the role of network operators and by adopting the development of new business model groups along the value chain. For instance, players in LPWAN market such as Senet started to install private networks in the U.S. for precise LPWAN service use cases (tank level monitoring) however, provided their networks to other IoT service providers for generating additional revenue.
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The Low Power Wide Area Network (LPWAN) Market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.
Companies profiled in this report include:
- Nwave Technologies
- SIGFOX
- Semtech Corporation
- LORIOT.IO
- Link Labs, Inc.
- Waviot
- Ingenu Inc.
- Actility
- Weightless SIG
- Senet, Inc.
The market for LPWAN is broadly segmented into connectivity technologies, services, applications and the end-users. By connectivity technology, the market can be further classified into unlicensed and licensed technologies. Currently, the unsilenced technologies like LoRaWan, SigFox, Ingenu and weightless are dominating the majority of the market because they are less expensive and offer better services. However, the growing focus upon the standardization, the licensed technologies such as NB-IoT and LTE-M are projected to take over the market; this might take a few more years for the market to realize the shift in the licensed technologies.
While LoRa and Sigfox dominate the technologies market, the smart cities are projected to be the most positive industry for the growth of LPWAN. This is major because all the development of smart cities across the globe comprises of deployment of a various sensor network. The advent of smart cities in developing regions mainly is therefore expected to generate significant opportunities for the LPWAN's future growth.
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The global LPWAN market by geography is segmented into six regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global LPWAN market in 2017, followed by Europe. Germany and the UK being two key countries in Europe region which will lead LPWAN market in this region and is also expected to continue its dominance throughout the forecast period from 2017 to 2025.
The overall LPWAN market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, the primary interview was conducted with LPWAN market industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the LPWAN market industry.
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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53.2% CAGR Growth to Be Achieved by Low Power Wide Area Network (LPWAN) Market by 2025: Nwave Technologies, Sigfox, Semtech, Loriot, Link Labs, Waviot, Ingenu, Actility