Low Power Wide Area Network (LPWAN) Market: By Key Players, Deployment Type, Applications, Vertical, and Forecast: 2022-2031

Japan, Japan, Thu, 24 Feb 2022 22:37:02 / Comserve Inc. / -- Low-power WAN (LPWAN) is wireless network technology that is used for interconnecting the devices with low-bandwidth focusing on long range.These technologies are specifically designed for M2M communications.

Low-power WAN (LPWAN) is wireless network technology that is used for interconnecting the devices with low-bandwidth focusing on long range.These technologies are specifically designed for M2M communications. Theyenable wider range for M2M and IoT applications which is constrained by budgetsand power consumption. The data transfer rates of LPWAN are very lowusing low-bandwidth and less power consumption of the connected devices.

The networks support the devices over a long coverage area than the traditionalconsumer mobile technologies. Technologies such as Bluetooth, ZigBee and Wi-Fiare better for consumer level but not for industrial and commercialapplications. Hence, LPWAN is being used for smart cities and buildings,industrial applications, and transportation. Smart cities address the future development of LPWANtechnology. According to Infoholic's analyst, the LPWAN market is growing at a CAGR of 90.0% during the forecast period 2019-2025.

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New integrated approachesby the telecom players and software players are driving the market for newnetworking technologies. Also, the increase in gas and oil pipelines across theglobe are fostering the growth of the market. The LPWAN market is divided intotypes, networks, end-user segmentation, technologies and geographicalsegmentation. Organizations mostly use private networks because fo the securityissues and public networks are used by small organizations and start-ups. The LPWAN market is analyzed by six regions-Americas,Western Europe, Asia-Pacific, Eastern Europe, and MEA. The growing number ofsmart cities projects in APAC and MEA region will drive the market in the nearfuture. One of the major trends in the market is to reach the customer expectations while making LPWAN technology as one of the importantstrategy.

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The majority of the projects are coming from the Western Europe and Asia-Pacific region as they are ready to consider it as the main strategy fortransferring the data and improve the analysis of real-time information. Someof the vendors for LPWAN market are SIgFox, Semtech, Huawei, NWave, and Weightless. This study covers and analyses "LPWAN market" globally,bringing out the valuable insights. The report aims to provide an opportunityfor players to understand the latest trends, current market scenario, agovernment initiative, and technologies related to the market. In addition,helps the venture capitalist in understanding the companies better and takeinformed decisions based on it.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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