DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Low-power Wide Area Networks Market 2017-2021" report to their offering.
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.
The latest trend gaining momentum in the market is growing need for secure and compliant cloud solutions. Performing online operations in fields, including medical, retail, and finance, which have strict security standards require secure and compliant cloud solutions. As LPWAN deployment for the IoT matures, the success of any business, which has its presence in the world of connected devices, depends on the degree of digital trust consumers have in its business processes.
According to the report, one of the major drivers for this market is low cost and power consumption of LPWAN technology. LPWAN technologies work on M2M networking environments. LPWAN enables a wide range of M2M and IoT applications, which have constrained budgets and power limitations. The use of LPWAN technology reduces power requirements, provides longer range, and lowers operational cost compared with a mobile network (2G, 3G, and 4G LTE).
Further, the report states that one of the major factors hindering the growth of this market is privacy and security issues. LPWAN facilitates communication among supply chain players to promote easier management of inventory. It offers retailers a complete and innovative method of communication with clients, to enable effective shopping experience.
- Weightless SIG
Other Prominent Vendors:
- Bouygues Telecom
- Libelium Comunicaciones Distribuidas
- Link Labs
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Five forces analysis
Part 07: Market segmentation by industry
Part 08: Market segmentation by application
Part 09: Geographical segmentation
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Vendor landscape
Part 16: Key vendor analysis
Part 17: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/tfqj96/global_lowpower