Market Highlights

Low Power Wide Area Network (LPWAN) operates on the technology of wireless communication between devices connected through a switch or hub using waves. LPWAN operates in low-range areas spreading within 10 km to 1000 km radii based on telecommunication utilizing less power functioning on small, inexpensive batteries with a lifespan of more than 20 years. LPWAN employs lightweight hardware materials that are very cost-effective, thus reducing the need for heavy infrastructure. Industries can use licensed and unlicensed frequencies to provide network usage, allowing customers to use them as a service or outsourcing them to third-party companies without relying on technology directly.

Low power wide area network industry trends have generated numerous opportunities in all of the world's major industrial sectors. Waste collection and composing them as degradable and bio-degradable materials to maintain atmospheric balance is a major problem in global warming these days. Previously, trucks and collectors would dump all waste in one location and then separate it, but with the introduction of LPWAN, trash cans are equipped with devices that can identify the composition and form of waste, minimizing the impact of pollution caused by plastics. Transportation has been made simpler by the use of sensors and processors in vehicles that enable them to be more effective when sharing roads with regular people and public use. The healthcare industry has seen the most significant growth with LPWAN, as having a common repository where multiple doctors can check and document patient files and work proactively has seen the most significant growth.

Global Low Power Wide Area Network Market is expected to grow at a CAGR of approximately 87% during the forecast period 2017-2030.

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Global LPWAN Market   - Competitive Analysis

Fiercely competitive, the LPWAN market appears to be fragmented with the presence of various large and small-scale players. Leading industry players make substantial investments to transform the consumer and business landscape. They incorporate strategic initiatives such as collaboration, partnership, acquisition, product & technology launch, and expansion to gain a competitive edge staying ahead in this market. 

Major Players

Low Power Wide Area Network Market - Segments

The report is segmented into six dynamics;

By Connectivity Technology: SIGFOX, LoRaWAN, Weightless, and others.

By Service: Managed and Professional Services. 

By Network Deployment: Private sectors and Public sectors.

By Application: Smart Buildings, Smart Gas & Water Metering, Smart Waste Management, Smart Parking, Smart Streetlights, Livestock Monitoring, and others.

By Vertical: Smart Logistics & Transportation, Agriculture, Healthcare, Industrial Manufacturing, Oil & Gas, Consumer Electronics, and others.

By Regions: Europe, North America, APAC, and Rest-of-the-World. 

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Global Low Power Wide Area Network Market - Regional Analysis

Europe dominates the global low power wide area network market. The region has a large number of enterprises and early adopters of innovative technologies, offering a favorable platform for LPWAN to evolve significantly. Besides, the largest market share attributes to technological advancements and the proliferation of intelligent connected devices. 

Moreover, the presence of several key industry players and well-established infrastructures fosters market growth, allowing faster implementation of advanced technologies. The region perceives vast developments in manufacturing processes and industrial infrastructure. Also, factors such as rising mobile workforces and a spurting demand for high-speed data services act as key driving forces for the market. 

Asia Pacific is another lucrative market for low-power wide-area networks globally. Factors such as increasing opportunities in developing countries and inclination towards automation and cloud services drive the market growth. 

Additionally, the proliferation of mobile devices, wide adoption of cloud-based solutions among SME & large enterprises, and developments in the IT sector foster the regional market growth. Increasing numbers of key technology providers who constantly innovate to present cost-effective secured low-power WAN solutions drive the market growth.

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