Low Power Wide Area Network Market - Connectivity Technology, Service, Network Deployment, Application and Vertical | LPWAN | Market Research Future

Global Low Power Wide Area Network Market Research Report: by Connectivity Technology (SIGFOX, LoRaWAN, Weightless), Service (Managed, Professional), Network Deployment (Private, Public), Application and Vertical | Forecast till 2030

ID: MRFR/ICT/0695-HCR | February 2021 | Region: Global | 100 pages

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Low Power Wide Area Network Market Overview:

Low Power Wide Area Network (LPWAN) works on the technology of wireless communication between devices connected through a switch or hub using waves. LPWAN works in low range areas spreading within 10 km to 1000 km radii based on telecommunication using less power functioning on small inexpensive batteries with a lifespan of more than 20 years. LPWAN uses lightweight hardware material with a very cost-effective reducing heavy infrastructure requirements. Industries can use licensed and unlicensed frequencies to avail to network usage thus making customers use them as service or outsource them to third party companies without making direct use of technology.

Sigfox is the most deployed LPWAN using an unlicensed frequency that runs on a local or public network of 902 megahertz with an ultra-narrow range that can communicate through messages time-consuming traditional methods of low range data transfer included Bluetooth and WIFI which was time consuming and was restricted to local areas but with the introduction of Low Power Wide Area Network transmission of electro waves has had a profound effect on the technology around by working in small isolate places like cars, trucks, trains and other automobiles to common use in home appliances, street light, electric bikes and many more. Global Low Power Wide Area Network Market is expected to grow at a CAGR of approximately 62.27% during the forecast period 2017-2023.

Low Power Wide Area Network Market COVID-19 Analysis:

COVID-19 virus impacted major industries around the globe and has even caused the loss of mankind decreasing the world GDP making most industries bankrupt and on the verge of extinction. The qualitative analysis of Low Power Wide Area Network Market Size with a collection of recent data documented an increase in the usage of LPWAN in COVID time as compared to pre-COVID. COVID-19 virus requires minimal communication and touch effect the affected are but how to the affected areas, thanks to the data tracking governments of the 213 countries around the world have contained people in isolated areas making use of LPWAN in the local areas. LPWAN has connected local tracking devices resonating on similar frequencies and noting and isolating the infected plan which could be hereafter sanitized to maintain human security. Low Power Wide Area Network Market Revenue has shown a growth of 68 million US dollars in these tough times and is expected to rise exponentially by the year 2023.

Low Power Wide Area Network Market Dynamics:

  • Opportunities

Low Power Wide Area Network Market Trends has created multiple opportunities in all the major industrial sectors around the world. Waste collection and composing them as degradable and bio-degradable material to sustain the atmospheric balance is a major concern in the global warming these days. Earlier we have trucks and collectors depositing all the waste at a particular place and then separating them but with the introduction of LPWAN trash cans are suited with devices that can detect the composition and type of waste-reducing the affect of pollution through plastics. Transportation has been made easier with the help of sensors and processors used by vehicles to be more efficient while sharing roads with common people and public use. The Healthcare industry has shown the most significant growth with LPWAN as having a common repository where multiple doctors can check and record patient files and work proactively.

  • Challenges:

One of the major issues that Low Power Wide Area Network face is the competition with the local independent network in coordination with the available WIFI networks making coexistence difficult in current times. More start-ups have invested in newer LPWAN companies making geographical competition. With the increased technology being used in the smartphones that are upgraded with the latest technology LPWAN faces backlash in coping up with the latest technology as providing high cellular networks in low-laying areas will be a challenge. Low Powethe r Wide Area Network works on telecommunication over licensed and unlicensed software thus creating a threat of data loss costing customer integrity to companies making the vulnerable at the global level.

  • Value Chain Analysis:

Low Power Wide Area Network Market shows highest market share in the latest cloud technology as the transmission of data has been made easier across the large landscape the areas using the internet making fast integration of cloud network. Physically installed networks and hardware has been depleted with time with the introduction of cloud technology making customers and companies easier access to data on a wider range. Secured and stable data management repository with the help of artificial intelligence Low Power Wide Area Network Market has shown immense growth in past decade. 4G and 5G speed internet is the most anticipated factor that companies have opted for Low Power Wide Area Network. companies like Orange, Sigfox, LORIOT, Link Labs are major stakeholders in the world using the most use of LPWAN.

Low Power Wide Area Network Market Segment Overview:

  • By Type:

Low Power Wide Area Network Market is being used in the home appliance for common use as well as private use for industries all over making by type segmentation in terms of professional and managed services. Google cloud is used both professionally and outsourced technology connecting all the smart devices over the internet.

  • By Vertical:

Waste management, agricultural manure and crop yielding, healthcare departments and hospitals, transportation, and packaging areas are the major fragments by which Low Power Wide Area Network is segmented by vertical. Tracking and telecommunication have been easier over the internet using shared Repositories on cloud storage platforms.

  • By Technology:

Wired and wireless connectivity is the segmentation of Low Power Wide Area Network based on technology. By technology segmentation is generally connected to the area coverage, smaller areas can be connected using a single component to transmit waves whereas for geographically border regions multiple segments are connected using the common hub to transmit packets of data with high-speed internet.

Low Power Wide Area Network Market Regional Analysis:

Asia-Pacific countries like China, Japan, and India are world leaders in making maximum use of the Low Power Wide Area Network generating greater revenue for the cloud market. US and Canada have been following the market trends to embed their existing industries with Low Power Wide Area Network suitable devices especially in companies like AT&T, FedEx in the transportation and package delivery market. European countries like France, Germany, UK have faster growth of LPWAN having introduced long-range power device detecting startups to the world with the help of the government.  Africa and the Middle East have also seen an approx. growth of 42% in the last 5 years when it comes to public and private platforms opening for Low Power Wide Area Network Market.

Key Players of LPWAN Market:

  • Semtech Corporation (U.S.)

  • LORIOT (Switzerland)

  • NWave Technologies (London)

  • SIGFOX (France)

  • WAVIoT (U.S.)

  • Cisco Systems (U.S.)

  • Actility (France)

  • Weightless SIG (U.K)

  • Senet, Inc. (U.S.)

  • AT&T Inc. (Germany)

  • Huawei Technologies Co. Ltd. (China)

  • Ingenu (U.S.)

  • Link Labs Inc. (U.S.)

  • Qualcomm Inc. (U.S.)

  • Telefonica SA (Spain)

  • Vodafone Group Plc. (U.K)

Competitive Landscape:

The government has shown an active interest in Low Power Wide Area Network Industry by analyzing the recent growth of its market value making changes in rural and urban areas. Link Labs, Sigfox, Verizon, Vodafone, Cisco Systems, LORIOT, Semtech Technologies are the key players in today’s world paving way for many start-ups to learn and implement technology at a larger level. China, India, Japan, North America, Canada, France, Italy, Germany are the world leaders of the Low Power Wide Area Network Market who make maximum use of LPWAN services with lower power usage, lesser infrastructure demands and high-level transmission techniques.

LPWAN Market Recent Developments:

Haxiot in the year 2019 came up with the successful implementation of seamless integration of multiple vendors to provide better connectivity between devices over internet hub and have continual data transmission with the best means of device management. With 5G internet introduction industries have attracted a greater number of customers to the current market using wireless communication of data. Z-Wave, Zigbee. Bluetooth has made advancements in the LPWAN market but enabling the unlicensed transfer of data with copyright fragments. Mobile operators and telecommunicators have transferred their GUI making it a more human interactive form that enables more users to adapt to new technology. Agricultural lands have benefited in harvesting more crops using the LPWAN analysis for their process integration.

LPWAN Market Report Overview:

Low Power Wide Area Network Market has attracted more vendors globally in the last 10 years than any other technology. A wide range of network assistance has enabled the world to see an automotive way to deal with newer world problems with simplified solutions. All the industries have profited locally and globally as per the latest Low Power Wide Area Network market analysis with a growth of 90% of CAGR value by the year 2023. China, India, Japan, North America, Canada, France, Italy, Germany are the world leaders of the Low Power Wide Area Network Market who make maximum use of LPWAN services with lower power usage, lesser infrastructure demands, and high-level transmission techniques.

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Frequently Asked Questions (FAQ) :

Increasing adoption of IoT, coupled with the adoption of advancing wireless technology, is expected to drive market growth.

On the basis of network deployment, private and public are the segments of the low power wide area network market.

Low Power Wide Area Network (LPWAN) Market Research Report Forecasts a CAGR of more than 62.27% by the year 2030.

Asia-Pacific (China, Japan, and India), America, Canada, Germany, France are market leaders of Low Power Wide Area Network.

On the basis of connectivity technology, SIGFOX, weightless, LoRaWAN, and others are the segments of the low power wide area network market.

The Telecom Industry, Mobile Operators, Government Bodies, Agricultural Lands, Transportation, and Travel Agencies are Low Power Wide Area Network Market Users.