Low Power Wide Area Network Market Size, Share, Trends and Forecasts, 2016 to 2022

According to Stratistics MRC, the Global Low Power Wide Area Network (LPWAN) market is estimated to be $0.539 billion in 2015 and is expected to reach $46.3 billion by 2022 growing at a CAGR of 88.8% from 2015-2022. The LPWAN market has experienced robust growth fuelled by growing acceptance of IoT/M2m applications, reduced power consumption, less cost of LPWAN technology and growing demand for long range connectivity devices. However, there are few restraints for this market which are security and privacy concerns, huge data traffic and lack of governance. Moreover, the LPWAN market has tremendous growth opportunities such as more consumption of intelligent devices and increasing smart cities and smart buildings over the forecast period.

Private sector segment is expected to account for the largest market share over the forecast period. On the other hand, public sector is anticipated to grow at a higher CAGR. By geography, Europe dominates the global APWAN market with largest market revenue. While Asia Pacific is expected to witness high compound annual growth rate during the forecast period.

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Some of the key players profiled in this market include Nokia Networks, Intel Corporation, Huawei Technologies Co. Ltd., Telensa Ltd., Sigfox S.A., M2Communication, Mistbase Communication Systems, Qualcomm, Inc and Vodafone Group plc.

Service Covered:

Managed Services

Professional Services

Connectivity Technology Covered:

Weigthless

Sigfox

Lorawan

Ingenu (On-ramp)

Other Connectivity Technology

Standards/Technology Covered:

Licensed Spectrum

Unlicensed Spectrum

Network Deployment Covered:

Public Sector

Private Sector

Application Covered:

Livestock Monitoring

Smart Parking

Smart Buildings

Smart Streetlight

Smart Gas and Water Metering

Smart Waste Management

Other Applications

End User...