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Low Power Wide Area Network Market Global Analysis, Opportunity, Estimation, Industry Applications, Key Developments And Forecast To 2026
Feb 20, 2019 (AB Digital via COMTEX) —
The Low power wide area network market is expected to grow from USD 1.3 Billion in 2018 to USD 25.4 Billion by 2026, at a CAGR of 52.9% during the forecast period. Increasing usage long range connectivity between devices, increasing adoption of advanced technologies like, IoT and M2M, lesser power consumption, lesser technology cost, increasing demand for connectivity in various industries, rise of advanced technologies, such as smart cities and smart buildings, and emergence of smart and intelligent devices are some of the driving factors of the market.
The issues faced by enterprises data security concerns, no governance of low power wide area network (LPWAN) services, increasing data traffic due to increasing internet usage and no LPWAN standards. These may be the major restraining factor for the low power wide area network market.
Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Low power wide area network market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Low power wide area network market by connectivity technology (SIGFOX, LoRaWAN, weightless and others), technology service (managed services and professional Services), network deployment (public sector and private sector), end user application (smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring and others), Industry Vertical (agriculture, smart logistic and transportation,, healthcare, industrial manufacturing, oil and gas, consumer electronics and others), and Geography – Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/sample-enquiry-form/1078
Further key findings from the report suggest
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For the purpose of this report, the market has been segmented on the basis of transaction mode, payment nature, payment location, purchase type, Industry vertical industry vertical and regional analysis.
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