Published on : Jul 10, 2017
Albany, New York, July 10, 2017: The report is a professional study offering a 360-degree view of the global low power wide area (LPWA) network market. The rising penetration of the internet of things (IoT) and machine-to-machine (M2M) technology is one of the primary factors stimulating the growth of the global low power wide area (LPWA) network market. LPWA networks are designed to offer coverage over a wide area with minimal power consumption. LPWA devices have long battery lives and low data rates. With the numerous benefits offered by these networks, they are estimated to make a tremendous contribution the IoT and M2M ecosystem. Another advantage of this network, which is escalating its adoption, is its low cost. Moreover, the soaring need for long-range connectivity between devices is stoking the growth of the global LPWA market.
On the flip side, the high data traffic is inhibiting the growth of the market. Furthermore, at present, there is a lack of universal standards for LPWA networks. This further gives rise to concerns pertaining to privacy and security. These factors are, collectively, limiting the market from realizing its full potential. However, the emergence of concepts such as smart cities and smart buildings are opening new avenues for players operating in the global LPWA network market. Besides this, as enterprises strive for expansion, their need for connectivity increases. Therefore, the spiraling need for connectivity is escalating the deployment of LPWA ecosystem in large enterprises and SMEs.
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On the basis of technology, the report segments the global LPWA network market into proprietary technologies, LTE Cat-M1, NB-IoT, and Enhanced Coverage GSM for the Internet of Things (EC-GSM-IoT). Based on vertical markets, the market is divided into asset management and logistics, agriculture, retail and vending, consumer applications and home automation, automotive & transportation, healthcare, energy and utilities, public safety, security and surveillance, intelligent buildings and infrastructure, and others. The energy and utilities segment is expected to be highly lucrative owing to the increasing efforts by companies in the sector to attain optimization. Intelligent buildings and infrastructure will be a promising segment due to the increasing number of projects related to smart cities and buildings.
From the geographical standpoint, the global LPWA market is classified into Eastern Europe, Asia Pacific, Western Europe, North America, Latin and Central America, and the Middle East and Africa. Western Europe and North America will account for a substantial cumulative share in the global arena. Asia Pacific, on the other hand, will register significant growth, thanks to improvements in network connectivity.
Some of the prominent companies operating in the global LPWA market are Semtech Corporation, NWave Technologies, WAVIoT, AT&T, Actility, Cisco Systems, Ingenu, Ericsson, Link Labs, Huawei, Weightless SIG, IBM, and Senet, Inc.
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