Global Low Power WAN Market was valued at USD 1.86 billion in 2017, and is expected to reach a value of USD 72.78 billion by 2023 at a CAGR of 84.3%, over the forecast period (2018-2023).
Low Power WAN Market Precise Outlook 2020-2023 is complete guide for the new entrants in the industry; the report provides the market history of every product ever retailed by the company. It also provides history of the product types, sales, volume, technology, during the forecast period. The growth rate challenges and barriers are also explained in the Low Power WAN Market research report. The report shades light on the development rate of the strategies. Products and technologies used in the production, manufacturing and marketing of the report.
The scope of the report is limited to applications of Low Power WAN which include Smart Meters, Smart Buildings, Smart logistics, Smart Agriculture and others. While the end users considered in the scope of the report include Oil and Gas, Consumer Electronics, Healthcare, Industrial Manufacturing, Logistics and Traveling.
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Network primarily created for machine-to-machine (M2M) and the internet of things (IoT) systems, LPWANs are capable of operating at a lower cost with higher power efficiency than traditional mobile networks. A higher number of connected devices over a larger area can be supported through such networks. Unlicensed Sigfox has been one of the most widely adopted LPWANs technology to date. Though it is capable of delivering messages to distances ranging about 30-50 km in rural areas, 3-10 km in urban settings and up to 1,000 km in line-of-site applications, its packet size has been limited to 150 messages of 12 bytes per day. The size of downlink packets is smaller which has limited the number of messages to four. The security of the network is not as robust as sending data back to endpoints can also be prone to interference. The growth of wearable has also been adding the interaction between machines emphasizing the need for Low Power WAN.
The prominent players in the global Low Power WAN market are:
Semtech Corporation, Huawei Technologies Co. Ltd., At&T Inc., Nwave Technologies, Sigfox, Linklabs Inc., Telefonica Sa, Vodafone Group Plc., Loriot, Weightless Sig, And Techship
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Global Low Power WAN Market: Research Methodology
Growing Technology in Medicine and Healthcare Leading to a Strong Market Potential
The advent of technology will play a pivotal role in designing and developing portable and affordable medical devices. The connectivity enabled by growth of devices both wired or wireless will drive applications such as telemedicine that will facilitate access to the required level of healthcare. Extending its high-performance analog expertise in the medical imaging market. The opening up of medical insurance sector is expected to create further interest in private sector participation in healthcare infrastructure projects. Some of the areas that are being addressed by technology are preventive health care, technology solutions for disability and high-quality healthcare for diseases. Preventive healthcare would need continuous or regular monitoring of health parameters, technological advances in early detection of diseases by study and analysis of molecular level changes, or use high-end processing technologies.
Key Developments in Low Power WAN Market
-May 2018 – Qualcomm Technologies Inc. has introduced 5G NR solution for small cells and remote radio heads. Built on the market-proven and broadly deployed Qualcomm FSM Platform for 3G and 4G small cells, this highly flexible solution is designed to enable original equipment manufacturers to reuse both software and hardware designs across sub-6 and mmWave products, supporting high-bandwidth and robust coverage for mobile subscribers around the globb.
-January 2018 – Nokia had launched MulteFire(TM) small cell to widen adoption of private LTE for industries, enterprises and operators. This new small cell, the Nokia Flexi Zone MulteFire Multiband Pico BTS is enabling companies to connect mobile sensor-enabled things and people more efficiently, allowing new business models and paving the way towards future 5G connectivity.
Furthermore, Global Low Power WAN Market following points are involved along with a detailed study of each point: –
– Global Low Power WAN Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global Low Power WAN Market competition by Manufacturers (2020-2023)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2023)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global Low Power WAN Market Effect Factors Analysis (2020-2023)
– Global Low Power WAN Market Forecast (2020-2023)
– Global Low Power WAN Market Research Findings and Conclusion
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
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