Low Power Wide Area Network Market is expected to grow $24.46 Billion by 2021

[121 Pages Report] Low Power Wide Area Network Market categorizes the global LPWAN market by connectivity technology, by technology service, by network deployment, by application, by verticals and by region.

Posted on 2020-08-19 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2020-Aug-19 — According to a new research report “Low Power Wide Area Network Market by Connectivity Technology (SIGFOX, LoRaWAN, Weigthless and Others), Technology Service, Network Deployment, Application, Verticals and Region – Global Forecast to 2021″, The global Low Power Wide Area Network (LPWAN) market to grow from USD 1.01 Billion in 2016 to USD 24.46 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 89.3% during the period 2016-2021. The LPWAN market is growing rapidly because of the increasing number of IoT/M2M applications, rising need of long range connectivity between the devices, and low cost and low power consumption of LPWAN technologies.

Browse and in-depth TOC on “Low Power Wide Area Network Market”

58 – Tables

42 – Figures

121 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=41351212

Smart Gas and Water Metering to grow at the highest CAGR

The report segments the global market on the basis of connectivity technologies, technology services, network deployments, applications, verticals, and regions, along with providing an in-depth analysis and market size estimations. Applications include smart waste management, smart buildings, smart gas and water metering, smart street lights, smart parking, livestock monitoring and others (home security and healthcare). Smart gas and water metering is expected to witness the highest growth rate. Smart meter rollouts represents a paradigm shift to understand the energy consumption at all the levels in the power grid. The mass adoption of LPWAN technology will promote greater standardization between different smart meter manufacturers and vendors.

Oil and Gas vertical to experience the highest CAGR

Among verticals, oil and gas will lead the LPWAN market with a wide range of organizations adopting LPWAN solutions in all regions. Lower oil prices are driving the growth in this segment and encouraging companies to place a higher business priority on optimization where IoT applications are relatively immature. Connected devices and systems can facilitate efficient oil and gas operations, with minimum human intervention, providing higher value than traditional technology.

Speak to Our Expert Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=41351212

Europe to be the largest revenue generator

The report has been segmented by region: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Europe is expected to continue being the largest revenue generator region for LPWAN vendors for the next five years, followed by North America. Whereas, APAC is expected to be the fastest-growing region in the LPWAN market during the forecast period. The market growth in developing regions can be attributed to the enhancements in network connectivity.

Market Players

Major vendors that offer LPWAN technology are Semtech Corporation (California), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIoT (Texas), Actility (France), Ingenu (San Diego), Link Labs (Maryland), Weightless SIG, and Senet, Inc. (Portsmouth). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships and collaborations, and mergers and acquisitions to expand their offerings in the LPWAN market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick