Widening Application Array to Boost Global Low Power Wide Area Technology Market


Published Date : Jan 30, 2018

ALBANY, New York, Jan 30, 2018: MarketResearchReports.biz has recently announced the addition of a new research report on the global market for Low power wide area technology. The research study, titled “Low Power Wide Area Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024,” evaluates the past and the current performance of this market, highlighting the progress in each of the regional markets for Low power wide area technology.

As per the research report, the rising number of IoT-based devices and the augmenting need for better connectivity are boosting the global market for low power wide area technology significantly. The increasing application of low power wide area technology solutions in the public administration, energy, medical and healthcare, and the education sectors are expected to support the growth of this market over the next few years, states the research report.

The low cost characteristic of low power wide area technology makes it a flexible solution, which can be implemented in wide array of businesses and can be utilized adjacently with satellite or cellular connectivity. The global market, therefore, is anticipated to witness a robust rise in the utility sector in a bid to monitor the residential gas and water meter in the years to come. Since water and gas meter are not connected to any electrical circuit and are usually installed underground, usage of cellular connectivity together with low power wide area technology can fulfill the demand for future monitoring efficiently.

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On the basis of the geography, the worldwide market for Low power wide area technology has been bifurcated into North America, the Middle East and Africa (MEA), Latin America, Europe, Asia Pacific Excluding Japan (APEJ), and Japan. For each of the product wise, application wise, and region wise categories, the estimated size of the global market and the revenue over the period from 2016 to 2024 has been offered in this research report.

The market report also offers a clear, detailed, and unbiased assessment of the competitive business landscape prevalent in the worldwide market for Low power wide area technology by reviewing the profiles of the leading enterprises functional in this market. The key strategies and the future prospects of the prominent players have been assessed here to gain deep insights into the existing hierarchy amongst them. Vodafone Group PLC, Telstera Corporation, U-blox AG, Cisco Systems Inc., SK Telecom Co. Ltd., Semtech Corporation, Flashnet Communications Inc., Proximus SADP, Samsara Networks Inc., and Microchip Technol. are some of the prime vendors of low power wide area technology solutions across the world, notes the market study.

This research report is aimed at presenting a thorough and factual study of the global market for Low power wide area technology during the period from 2017 to 2025 to market participants in an effort to assist them in gaining clarity about the performance of this market, currently and in the coming years.

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