Published on : Jun 29, 2017
Albany, New York, June 29, 2017: At present, LPWA networks being deployed around the world to enable IoT, machine-to-machine (M2M), and industrial or consumer applications. These networks have recently emerged as a notable alternative to provide cost-effective wide-area connectivity for the IoT, thus providing huge market growth opportunities for the leading players. Considering this growth and global demand, a new study titled “The LPWA (Low Power Wide Area) Networks Ecosystem: 2017 - 2030 - Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” has been published to the online repository of Market Research Hub (MRH), which encapsulates vital details about the opportunities and trends present in this market. The report also provides market size forecasts from 2015 till 2030.
The emergence of LPWANs has fundamentally changed the IoT landscape. LPWANs are designed for sensors and applications that need to send and receive small amounts of data over long distances a few times per hour, or maybe only once a day. This 239-pages report presents a thorough evaluation of the LPWA networks ecosystem together with LPWA technologies, key trends, market drivers, challenges, vertical market applications, deployment case studies, regulatory landscape, standardization, opportunities, future roadmap, value chain, ecosystem player profiles and strategies.
Analysts have studied that the market opportunity for LPWA-based solutions is rapidly emerging and is quite significant. Because of the exclusive features of LPWA technologies, of the 50 billion devices estimated to be connected to the IoT by the end of 2021, it is expected that more than 60 percent of these devices will be connected with LPWANs. Key highlights of the study reveal that already widespread in IoT applications such as smart metering, lighting control and parking management, LPWA networks are expected to make a significant contribution to the M2M and IoT ecosystem, with an estimated $27 Billion in service revenue by 2020.
Moving further, the forecasts are segmented for technology submarkets, 9 vertical markets and 6 regions. Regional segmentation presents analysis of following regions, such as Middle East & Africa, North America, Asia-Pacific, Latin & Central America, Eastern Europe and Western Europe. Vertical markets mentioned in the report are Automotive & Transportation, Energy & Utilities, Asset Management & Logistics, Healthcare, Agriculture, Public Safety, Security & Surveillance and Others.
At present, a majority of LPWA networks are based on proprietary technologies and operate in license-exempt spectrum primarily in sub-GHz bands. By 2020, research evaluates that more than 35% of all LPWA profile IoT devices will be served by NB-IoT, LTE Cat-M1 and EC-GSM-IoT networks. Both NB-IoT and LTE CAT-M are technologies specified by 3GPP, a global initiative bringing together all main mobile network vendors and operators. The result is that LoRaWAN and 3GPP foster a more competitive marketplace of multi-vendor solutions.
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The report further also talks about the strategies LPWA technology providers, mobile operators, MVNOs, aggregators, IoT platform providers and other ecosystem players should adopt to remain competitive in the market. 3GPP (3rd Generation Partnership Project), Cellnex Telecom, Cisco Systems, AM Telecom, Augtek and others are some of the major players mentioned in the study.
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