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(Wireless-NewsWire.Com, September 18, 2018 ) The Global Low Power Wide Area Network Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 390.64 billion by 2025, growing at a CAGR of 90.01% from 2017 to 2025.
Low power wide area network (LPWAN) is a way of long-range communication that is wireless. It is created to connect businesses and have the ability to transport more data than other modes of long-range communication. Low power wide area networks are used for several functions such as livestock monitoring, energy management, smart metering, and smart lighting and are designed to use less power and have more efficiency than traditional methods of long-range communications.
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Low power wide area network’s market is driven by the increased demand for intelligent devices and the growing need for long-range communication and connectivity between those devices, the reduced power consumption, and the low infrastructure and operational cost. Factors that are restraining the growth of the low power wide area network include the lack of universal LPWAN standards, the concerns for security and privacy and the increasing data traffic rate.
Competitive Landscape:
The major players in the market are as follows:
Senet, Inc.
Sigfox
Weightless SIG
Waviot
Semtech Corporation
Actility
Loriot
Ingenu
Nwave Technologies
Link Labs, Inc.
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