Low-power Wide Area Networks market globally grow tremendously at a CAGR of about 50.29% by 2021
About Low-Power Wide Area Networks
LPWAN technologies operate at a low cost, with immense power efficiency. A few examples of these technologies are Sigfox, machine-to-machine (M2M) Spectrum, and NWave. LPWAN is suitable for applications that require connecting widely scattered devices. A connected smoke detector can trigger a smoke alarm with absolute certainty using this technology. LPWAN has a wide range of applications in smart buildings, agriculture and environment, consumer, utilities, logistics, smart cities, and other industrial areas.
Technavios analysts forecast the global low-power wide area networks market to grow at a CAGR of 50.29% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global low-power wide area networks market for 2017-2021. To calculate the market size, the report considers the revenue generated from the LPWAN connections, industries such as smart buildings, agriculture and environment, consumer, utilities, logistics, smart cities, and industrial, applications such as home automation, maintenance, office security, smart metering/utilities, retail outlets, and others, and LPWAN value-added services (such as data analytics and security) and platform services. Average revenue per use (ARPU) of LPWAN connections were also taken into consideration.
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Segments based on geography:
Technavio’s report, Global Low-Power Wide Area Networks Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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