LOW POWER WIDE AREA NETWORK (LPWAN) MARKET Global Market Drivers, Opportunities, Trends, and Forecasts, 2016-2022 www.infoholicresearch.com The evolution of the new telecom technology is bringing up the unimagined things to the imagination in the world. The growth of the connected devices such as smartphones and tablets is supporting the new technology evolution. In the 21st century, networking technology is making the life of the people, both enterprise and consumers easier and is set to be a heterogeneous platform. By 2022, more than 60 billion of connected devices will exist. The government initiatives, an increase in ICT spending and digitalization concept, demand from enterprises and the consumer is driving the demand for the networking technologies. The LPWAN technology had offered lots of opportunities for enterprises ranging from large to SMEs, and even for the start- ups. The LPWAN market growth is dominated by Western Europe and APAC regions and with a solid growth from Americas. The adoption of the LPWAN is in a very nascent stage as a lot of people don’t know about this technology. But, the market is expected to grow rapidly as a lot of industries are understanding the need of this networking technology. As for now, a lot of large enterprises are considering LPWAN as one of their strategy and objectives to reduce the transmission cost and get ROI. Also, they might look to go for strategic acquisitions to remain competitive in the market. Major players such as Semtech, NWave, Huawei, and Sigfox planning to create innovative products/services to support the market growth and small players are also showing more interest and supporting the same. TRENDS & FORECAST Base Year: 2015 Forecast Year: 2016-2022 MARKET, BY TYPES LPWAN Devices Market, LPWAN Service Revenue MARKET, BY NETWORKS Private Networks, Public Networks MARKET, BY END-USER Agriculture, Industrial, Consumer, Infrastructure, Logistics, Utilities MARKET, BY REGIONS Western Europe, Asia-Pacific, Americas, MEA, Eastern Europe
6
Embed
Low Power Wide Area Network (LPWAN) Market – Global Market Drivers, Opportunities, Trends, and Forecasts, 2016-2022
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
LOW POWER WIDE AREANETWORK (LPWAN) MARKETGlobal Market Drivers, Opportunities, Trends, and Forecasts, 2016-2022
www.infoholicresearch.com
The evolution of the new telecom technology is bringing up the
unimagined things to the imagination in the world. The growth of
the connected devices such as smartphones and tablets is
supporting the new technology evolution. In the 21st century,
networking technology is making the life of the people, both
enterprise and consumers easier and is set to be a heterogeneous
platform. By 2022, more than 60 billion of connected devices will
exist. The government initiatives, an increase in ICT spending and
digitalization concept, demand from enterprises and the consumer
is driving the demand for the networking technologies.
The LPWAN technology had offered lots of opportunities for
enterprises ranging from large to SMEs, and even for the start-
ups. The LPWAN market growth is dominated by Western Europe
and APAC regions and with a solid growth from Americas.
The adoption of the LPWAN is in a very nascent stage as a lot of
people don’t know about this technology. But, the market is
expected to grow rapidly as a lot of industries are understanding
the need of this networking technology. As for now, a lot of large
enterprises are considering LPWAN as one of their strategy and
objectives to reduce the transmission cost and get ROI. Also, they
might look to go for strategic acquisitions to remain competitive in the market.
Major players such as Semtech, NWave, Huawei, and Sigfox planning to create
innovative products/services to support the market growth and small players are
also showing more interest and supporting the same.
TRENDS & FORECASTBase Year: 2015
Forecast Year: 2016-2022
MARKET, BY TYPESLPWAN Devices Market, LPWAN
Service Revenue
MARKET, BY NETWORKSPrivate Networks, Public
Networks
MARKET, BY END-USERAgriculture, Industrial, Consumer,