Technavio, a tech-focused market research firm, has published a new report on the global low-power wide area networks market, which is expected to grow at a CAGR of close to 50% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global low-power wide area networks market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Global LPWAN market in EMEA: Western Europe is a region where the demand for LPWAN is anticipated to increase exponentially. Most of the demand for LPWAN solutions originates from the UK, Germany, and France. Projects in these countries are incorporating the LPWAN technology as the major strategy to seamlessly transfer data and improve the analysis of real-time information.
According to Abhishek Sharma, an industry expert at Technavio, specializing in research on machine to machine and connected devices, “Some of the African governments have passed regulations to enforce the smart monitoring of electricity and water meters. Such initiatives are increasing the use of LPWAN in the energy and utility sectors.
Global LPWAN market in the Americas: North America is the major contributor to the market due to the high adoption of LPWAN solutions in the country. The large-scale deployment of LPWAN infrastructure is driving the market in the Americas. The adoption of remote monitoring and fleet management solutions is expected to upsurge during the forecast period. Solution providers require technical resources to deploy an LPWAN. New geographies produce additional or new areas of coverage and improve the existing deployments.
Global LPWAN market in APAC: APAC is one of the promising markets for LPWAN solutions. It is expected that there will be a surge in demand for LPWAN in the region during the forecast period. Smart home applications are gaining traction in APAC with the support of reliable and high-speed communications. The LPWAN industry in APAC will benefit due to the growing use of cross-industry solutions such as mobile health, smart metering, mobile payments, and smart appliances.
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The top vendors operating in the global LPWAN market are:
- Ingenu
- Semtech
- Sigfox
- Weightless SIG
Other prominent vendors in the market include Actility, AT&T, Bouygues Telecom, Huawei, Libelium Comunicaciones Distribuidas, Link Labs, Loriot, NWave, Qualcomm, Senet, Telefonica, Vodafone, and WAVIoT.
A more detailed analysis is available in the Technavio report titled, ‘Global Low-Power Wide Area Networks Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global LAN as a service Market 2016-2020
- Global Wireless Access Point Market 2016-2020
- Global Mobile Hotspot Router Market 2016-2020
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