Published Date : Oct 23, 2017
Albany, New York, Oct 23, 2017: “The LPWA (Low Power Wide Area) Networks Ecosystem: 2017 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” is the latest report added in the vast report database of MarketResearchReport.biz which speaks about the international market for low power wide area (LPWA) network. The report covers the global low power wide area (LPWA) network market in terms of market drivers, trends, restraints, and opportunities that may arise in the future market scenario. The study report also provides crucial information about the market overview, scope, and future outlook. The report also speaks about the market dynamics and the competitive landscape of the global low power wide area (LPWA) network market for the mentioned forecast period of 2017 to 2030. The report is the result of an in-depth market research carried out with the help of the industry professionals. The report also provides information the key market players plying their trade in the global low power wide area (LPWA) market.
Until recently, almost all of the IoT and M2M services have broadly relied on the licensed wireline, cellular, and satellite networks for their connectivity requirements of the wide area. Cellular networks, especially, have enjoyed a considerable success in this field. However, for several IoT applications with low bandwidths, the conventional cellular networks are considered to be very expensive due to the excessive consumption of power and complex protocols that rapidly drains the battery life. As a result, he alternatives of low power wide area (LPWA) networks have specially designed to tackle this issue.
Low power wide area networks are enhanced to offer coverage for a wider area with a minimum consumption of power. The low power wide area network devices are typically reliant on the frequencies that are unlicensed. These devices also have low rates for data, longer battery lives and can function even if they are not attended to for long periods of time.
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These LPWA devices are already being used in IoT applications such as lighting control, smart metering, and parking management. The LPWA networks are projected to make a considerable contribution to the IoT and M2M ecosystem with a projected revenue generation of US$27 bn over the given forecast period of 2017 to 2020.
Currently, the majority of the LPWA networks are working on the proprietary technologies and function in license exempted spectrum, chiefly in the sub-GHz bands. With the fresh completion of the LTE Cat-M1, NB-IoT, and EC-GSM-IoT standards by the 3GPP, mobile service providers are heavily investing in the upgrading their software to construct their own carrier-grade LPWA network ecosystem. This is expected to significantly drive the overall growth of the global LPWA networks market. It is expected that the by the end of the forecast period in 2020 more than 35% of all the IoT devices in the LPWA profile will operate under the LTE Cat-M1, NB-IoT, and EC-GSM-IoT networks.
It is expected that by Q4, the typical expense of a LPWA module will range about US$4 to US$18, depending upon the type of technology being deployed. As the deployments of the LPWA networks mature with time, it is expected that the cost per module will drop even more to the range of US$1 to US$2 in terms of volume quantities. This is also expected to significantly drive the overall development and adoption of the global LPWA networks market.
The global LPWA market can be segmented in terms of technology such as proprietary LPWA technologies, LTE Cat-M1, NB-IoT, and EC-GSM-IoT technologies.
Some of the market verticals of the LPWA are agriculture, energy and utilities, retail and vending, healthcare, and automotive and transportation among others.
Some of the key companies in the global LPWA market include names such as AM Telecom, AT&T, Arqiva, Cisco Systems, and Encore Networks among many others.
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