Low Power Wide Area Network (LPWAN) Market 2018: Global Opportunities, Sales Revenue, Regional Trends and Industry Estimated to Rise Profitably with 72% of CAGR by Forecast 2023

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Market Research Future published a research report on “Low Power Wide Area Network (LPWAN) Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

Low power wide area network refers to a type of network which allows long range communication at a low bit rate and is the prevailing technology choice for building IoT networks across the globe. This wireless technology can be integrated into the cars, manufacturing equipment, street lights, home appliances and wearable devices. Low power wide area network offers a very compelling mix of long range, low power consumption and secure data transmission.

Technology giants such as Semtech Corporation, LORIOT, NWave Technologies, SIGFOX, WAVIoT, Cisco Systems, Actility, AT&T Inc., Huawei Technologies Co. Ltd., Qualcomm Inc., Telefonica SA and Vodafone Group Plc. are a few major players in the global low power wide area network market. Increasing number IoT/M2M applications and rising need of long range connectivity between devices are major factors driving the growth of the global low power wide area network market. Furthermore, increasing demand for low cost and low power consumption of LPWAN technology is driving the growth in the market. Also, growing demand for LPWAN services from various end users is set to drive the growth of the low power wide area network market.

The services segment is expected to witness significant growth during the forecast period. The services segment is further classified into professional services and managed services and the latter is expected to grow at the highest rate during the forecast period. Managed services help the companies in developing strategies in order to manage the technology at a lower cost.

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The Europe region holds the largest share of the market across the globe followed by North America, and Asia Pacific region. The growth in Europe market is attributed to the rising technological enhancements and proliferation of intelligent connected devices in the region. Moreover, the region has a well-established infrastructure, which allows faster implementation of advanced technologies. Additionally, the growing adoption of low power consumption technologies is another major factor driving the growth of the low power wide area network market in the region.

The global Low Power Wide Area Network Market is expected to grow at a CAGR of approximately 72% during the forecast period 2017-2023.

Industry News

March 2018 – The provider of local, nationwide and international cellular coverage, Senet and Inland Cellular, have announced a partnership to deliver Low Power Wide Area Network (LPWAN) connectivity across Inland Cellular’s coverage areas and extend Inland’s branded services to support the rapid growth of IoT applications.

March 2018 – Sigfox U.S.A., the North America network operator for the global Low Power Wide Area Network (LPWAN) connectivity provider Sigfox, has focused its growth strategy on densifying the network in key regional markets and expanding its partner ecosystem.

March 2018– Senet, a leading provider of cloud-based software, global connectivity service platforms and network buildout for the Internet of Things (IoT), and NanoThings, a full service IoT logistics solution provider and pioneer of advancements in nano electronics to enable a new era of affordability in IoT devices, have announced a partnership to disrupt the logistics industry with the introduction of NanoThings’ LoRa-powered NanoTag technology.

Key Players:

Some of the prominent players in the global low power wide area network market are 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) and Vodafone Group Plc. (U.K).

Low Power Wide Area Network Global Market   – Segmentation

The Low Power Wide Area Network Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

  • Segmentation by Connectivity Technology: Comprises SIGFOX, LoRaWAN and Others
  • Segmentation by Service: Comprises Professional Service and Managed Service.
  • Segmentation by Network Deployment: Comprises Private Sector and Public Sector
  • Segmentation by Application: Comprises Smart Waste Management, smart building, Smart Gas & Water Metering, Smart Street Light, Smart Parking, livestock monitoring and others
  • Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia-Pacific and Rest of the World.

Low Power Wide Area Network Global Market   – Regional Analysis

North-America is dominating the Global Low Power Wide Area Network Market with the largest market share and is expected to grow over its previous growth records by 2023. This is due to increasing support of the U.S government and investment for the adoption of IOT technology in various industries such as utilities, manufacturing, and healthcare are providing a key growth opportunities for narrowband internet of things market in North America. Low Power Wide Area Network Market in Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 due to rapid technological advancements and China being the manufacturing hub is dominating the market in Asia-pacific region. Moreover, the increasing investments for smart city projects in Asia Pacific countries is boosting the Low Power Wide Area Network Market. The European market for Low Power Wide Area Network Market is expected to grow at a considerable CAGR (2017-2023).

Low Power Wide Area Network Global Market   – Competitive Analysis

The Market of Low Power Wide Area Network appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, are partnering with other firms. Prominent vendors of Low Power Wide Area Network targeting to invest more in technology and research and development activities to innovate their already existing products. The rising government funding is also expected to motivate key companies to invent new Low Power Wide Area Network modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain leadership position in the market.

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Intended Audience

  • Technology Investors
  • Research/Consultancy Firms
  • Technology Solution Providers
  • Government Bodies
  • Regulatory Agencies
  • Corporate
  • Low Power Wide Area Network Solution Providers
  • Telecom Operators
  • Mobile Network Operators (MNOs)
  • Mobile Service Providers (MSPs)
  • Original Equipment Manufacturers (OEMs)

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