Low-Power Wan (Lpwan) Market Is Expected to Grow at Cagr of 93.01% for the Period of 2016-2022

Low-Power WAN (LPWAN) Market is expected to grow at CAGR of 93.01% for the period of 2016-2022

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.”

According to our research, the global LPWAN Market is growing at a CAGR of 90.03% during the forecast period 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...