Global Low-power Wide Area Networks Market 2017-2021
About Low-Power Wide Area Networks
LPWAN technologies operate at a low cost, with immense power efficiency. A few examples of these technologies are Sigfox, machine-to-machine (M2M) Spectrum, and NWave. LPWAN is suitable for applications that require connecting widely scattered devices. A connected smoke detector can trigger a smoke alarm with absolute certainty using this technology. LPWAN has a wide range of applications in smart buildings, agriculture and environment, consumer, utilities, logistics, smart cities, and other industrial areas.
Technavio’s analysts forecast the global low-power wide area networks market to grow at a CAGR of 50.29% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global low-power wide area networks market for 2017-2021. To calculate the market size, the report considers the revenue generated from the LPWAN connections, industries such as smart buildings, agriculture and environment, consumer, utilities, logistics, smart cities, and industrial, applications such as home automation, maintenance, office security, smart metering/utilities, retail outlets, and others, and LPWAN value-added services (such as data analytics and security) and platform services. Average revenue per use (ARPU) of LPWAN connections were also taken into consideration.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Low-Power Wide Area Networks Market 2017-2021
Technavio recognizes the following companies as the key players in the global low-power wide area networks market: Ingenu, Semtech, Sigfox, and Weightless SIG.
Other Prominent Vendors in the market are: Actility, AT&T, Bouygues Telecom, Huawei, Libelium Comunicaciones Distribuidas, Link Labs, Loriot, NWave, Qualcomm, Senet, Telefonica, Vodafone, and WAVIoT.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing need for secure and compliant cloud solutions. Performing online operations in fields, including medical, retail, and finance, which have strict security standards require secure and compliant cloud solutions. As LPWAN deployment for the IoT matures, the success of any business, which has its presence in the world of connected devices, depends on the degree of digital trust consumers have in its business processes.”
According to the report, one of the major drivers for this market is low cost and power consumption of LPWAN technology. LPWAN technologies work on M2M networking environments. LPWAN enables a wide range of M2M and IoT applications, which have constrained budgets and power limitations. The use of LPWAN technology reduces power requirements, provides longer range, and lowers operational cost compared with a mobile network (2G, 3G, and 4G LTE).
Further, the report states that one of the major factors hindering the growth of this market is privacy and security issues. LPWAN facilitates communication among supply chain players to promote easier management of inventory. It offers retailers a complete and innovative method of communication with clients, to enable effective shopping experience.
Ingenu, Semtech, Sigfox, Weightless SIG, Actility, AT&T, Bouygues Telecom, Huawei, Libelium Comunicaciones Distribuidas, Link Labs, Loriot, NWave, Qualcomm, Senet, Telefonica, Vodafone, WAVIoT.
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