The global low power wide area network market is projected to witness a rapid growth during the forecast period owing to increasing emergence of connected devices and increasing benefits of the internet of things. Moreover, increasing demand for low power wide area network across various industry verticals such as agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas and consumer electronics is driving the growth of the global market.
The global low power wide area network market by geography is segmented into North America, Europe, Asia Pacific, and Rest of the World. The Europe market is expected to witness a significant growth and hold the largest share of the global market during the forecast period. The growth in Europe is attributed to the presence of large number of established key players such as AT&T Inc. and Telefonica SA in this region. Due to the sustainable and well-established economies in the region, the market is likely to show immense growth in the coming future. Additionally, Europe also has a well-established infrastructure, which allows higher penetration of devices and ultimately provides better connectivity. The growth in the market is also attributed to increasing focus of business organizations towards implementation of low power consumption technologies and growing adoption of IoT/M2M applications across various industry verticals.
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CRM helps in enhancing the implementation of a digital marketing strategy. In the global Low Power Wide Area Network market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing focus on customer engagement and increasing implementation of cloud based technologies across different countries in the region.
The global Low Power Wide Area Network Market Is Projected To Reach USD 75 Billion at a CAGR of over 89% by the end of the forecast period 2017-2023.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Low Power Wide Area Network Market Research Report-Forecast to 2023”.
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).
The global low power wide area network market is segmented by connectivity technology, service, network deployment, application and vertical. Based on the connectivity technology, the market is segmented into SIGFOX, LoRaWAN, Weightless and others. Based on the service, the market is segmented into professional services and managed services. Based on the network deployment, the market is segmented into public sector and private sector. Based on the application, the market is segmented into smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring and others. Whereas, based on the vertical, the market is segmented into agriculture, smart logistics and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics and others.
The global low power wide area network market is studied in Asia Pacific, North America, Europe, and Rest of the World. It has been observed that Europe is estimated to account for the largest share of the market, whereas Asia Pacific is projected to grow at the fastest rate during the forecast period. The growth of market in Europe is attributed to technological advancements and increased adoption of connected devices across various industry verticals.
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