The rising popularity of smart cities is expected to proliferate the low power wide area network market

 

The low power wide area network market is expected to register a CAGR of around 78% over the period of 2022-2028. Owing to the growing adoption of IoT devices, low cost and power consumption are the major drivers of the low power wide area network market. A low-power wide-area network is a type of wireless telecommunication wide area network designed to allow long-range communications at a low bit rate among things, such as sensors operated on a battery. Furthermore, lower power wide area network offers a longer range from 5km to 30km, and it consumes very low power and has a longer lifetime.

 According to UnivDatos Market Insights (UMI)’ research report “low power wide area network market”, the market is expected to witness robust growth of 78% during the forecast period 2022-2028F.

Low power wide area network market provides longer range from 5km to 30km, they consume low power hence provide longer lifetime. Furthermore, low power wide area network market requires few numbers of APs i.e. (BSs or Gateways), to cover larger distances across the city or country. It also provides a signal that offers a high amount of penetration through walls and building basements. Moreover, the growing adoption of IoT devices, low cost and power consumption, and easy implementation are the major driving factors of the low power wide area network market.

Unlock The Table of Content, And Request a Sample Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=29073

Based on the technology type, the market is segmented into SIGFOX, LoRaWAN, weightless, and others. LoRaWAN segment is expected to grow with a considerable CAGR during the forecast period. LoRaWAN provides various different functionalities such as bi-directionality, security, mobility, and accurate localization that are not addressed by other LPWAN technologies. These benefits will enable the diverse use cases and business models that will grow the demand for LPWAN IoT networks globally.

Based on services, the market is segmented into professional and managed services. The managed service segment is expected to grow significantly during the forecast period. The managed services make the IT expenses more predictable. The costs are neatly packaged into a set amount paid on an annual or monthly basis. Furthermore, the costs of repairs are covered under maintenance which makes it a cheaper and more convenient option to implement. Furthermore, these managed service providers leverage best-in-class satellite and cellular network partnerships to provide high-end managed services to application providers, system integrators, and end-users.

Unlock The Table of Content, And Request a Sample Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=29073

Based on deployment, the market is segmented into private and public sectors. The public sector is expected to grow with a considerable CAGR during the forecast period, Owing to its wide variety of applications in government enterprises. Municipal authorities are focusing on developing their public infrastructures such as smart cities to improve citywide services like trash, parking, streetlights, water meters and leak detectors, and more.

Based on application, the market is segmented into smart waste management, smart buildings, smart gas, and water metering, smart streetlights, smart parking, livestock monitoring, and others. smart buildings application is expected to grow with a robust CAGR during the forecast period. IoT devices are deployed in both commercial and residential buildings to make energy and resource allocation efficient with enhanced security. LPWAN helps in the efficient deployment of the IoT devices by providing an affordable data transmission network hence LPWAN is being largely adopted in smart buildings. Moreover, high investment in smart city development is expected to play an important role in IoT adoption.

Based on industry vertical, the market is segmented into agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics, and others. The oil and gas segment is expected to grow at a significant CAGR. It provides various benefits such as plant automation, process optimization, supply chain optimization, increased safety, integrated business processes, and corporate social responsibility.

For More Informative Information, Please Visit Us – https://univdatos.com/report/low-power-wide-area-network-market/

Asia Pacific to witness extensive growth

The Asia Pacific region is expected to hold a significant share of the low power wide area network market. China, Japan, India, and Australia are the most potential countries adopting low power-wide area networks. A sweeping change has transformed the low power wide area network modules industry in the past years in the region. The rising demand for smart cities, and also the growing demand for low-cost technologies and long-range wireless coverage with a small number of gateways are contributing to the growth of the low power wide area network market in the region.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the low power wide area network market are Semtech Corporation, LORIOT, NWave Technologies, SIGFOX, WAVIoT, Cisco Systems, Actility, Weightless SIG, Senet, Inc., AT&T Inc. are some of the key players in the market

 “low power wide area network market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Technology Type (SIGFOX, LoRaWAN, Weightless, Others)

2.      By Services (Professional, Managed)

3.      Deployment (Private, Public)

4.      By Application (Waste Management, Smart buildings, Smart gas and water metering, smart streetlights, smart parking, livestock monitoring, Others.)

5.      By Industry Vertical (agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics, and others)

6.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

7.      By Company Semtech Corporation, LORIOT, NWave Technologies, SIGFOX, WAVIoT, Cisco Systems, Actility, Weightless SIG, Senet, Inc., AT&T Inc.

Key questions answered in the study:

1.      What are the current and future trends of the global low power wide area network industry?

2.      How the industry has been evolving in terms of technology and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global low power wide area network industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global low power wide area network suppliers across various region and countries?