Florida, US: With its recently published study on “LPWAN Market – Global Trends & Forecast 2016-2022”, Market Research Engine predicts LPWAN connections and service that will impact the telecommunication market and how willtheincreased private spending and solutions from startups and established companies will reduce the transmission cost and improve the services (2016-2022). Most of the world’s regions are facing a formidable challenge to manage the rapidly increasing cost of data transmission and sending the data to long ranges.
Despite an overall focus on cost containment, some markets are projected to experience rapid spending growth as public and private telecommunication systems develop. There has been theemergence of LPWAN services that will improve the data delivery both for rural and urban areas. Most of the users prefer private networks due to security concerns. Witnessing a wide adoption of LPWAN solutions across regions, “LPWAN market is expected to grow at CAGR of 93.01% for the period of 2016-2022.”
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“Key building blocks of IoT& M2M such as securedend-to-end communication, mobility and service localization will be streamlined by LPWAN. Also, By utilizing LoRa protocol (LoRaWAN), LPWANis set to provide the required push to enable IoT, smart city and major industrial applications such as infrastructure, agriculture, and logistics.”
“LPWAN technology has huge potential in developing regions especially in China, Singapore, and India. Due to the upcoming Smart cities projects in these countries, it will become important for organizations to adopt LPWAN technology and applications to improve the transmission of information and derive the real-time information,” said Preeti Wadhwani, Senior Research Analyst.
The LPWAN market is divided into types, technologies, networks, end-user and geographically. The types segment is again analyzed by devices and services segment. The device segment is further segmented into module shipments of LPWAN and the ASP of the module. The network segmentation is segmented into private and public networks in which private have the major share. The technologies segment includes the analysis of top five technologies present in the LPWAN market. The end-user segment is divided into agriculture, consumer, utilities, logistics, infrastructure and others.
The LPWAN market is divided into Americas, Western Europe, Asia-Pacific, Eastern Europe, and the Middle East & Africa (MEA). Western Europe has the largest share of the market as the countries present there were the early adopters of these information systems. Asia-Pacific has the second largest share and has the high growth creating more opportunities for the vendors. The regions are further analyzed by countries in the region which influences major spending on LPWAN in the particular region.
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