In a recent published report, Kenneth Research has updated the market report for Low Power Wide Area Network Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Low Power Wide Area Network Market products.
Kenneth Research has published a detailed report on Low Power Wide Area Network Market , which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.
The Global Low Power Wide Area Network Market was valued at USD 1.21 billion in 2016 and is projected to reach USD 390.64 billion by 2025, growing at a CAGR of 90.01% from 2017 to 2025.
A Low-Power Wide-Area Network (LPWAN) is a type of wireless telecommunication wide area network designed to allow long range communications at a low bit rate among things (connected objects), such as sensors operated on a battery. LPWAN is designed to connect users or businesses, and carry more data, using more power. LPWANs are used in applications including smart metering, smart lighting, asset monitoring and tracking, smart cities, precision agriculture, livestock monitoring, energy management, manufacturing, and industrial IoT deployments.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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1. Market Drivers
1.1 Increasing need of Connectivity in Enterprises
1.2 Reduced Power Consumption
1.3 Increasing Demand for Intelligent Devices
1.4 Deployment of Smart Cities and Smart Buildings
1.5 Growing need of Long Range Connectivity between Devices
1.6 Low Infrastructure and Operational Cost
1.7 Adoption of Iot Applications
2. Market Restraints
2.1 Lack of Universal LPWAN Standards
2.2 Increasing Data Traffic Rate
2.3 Concerns for Security and Privacy
The Global Low Power Wide Area Network Market is segmented on the basis of application, services, connectivity technologies, network deployments, vertical, and region.
1. By Application:
1.1 Livestock Monitoring
1.2 Smart Streetlights
1.3 Smart Waste Management
1.4 Smart Gas and Water Metering
1.5 Smart Buildings
1.6 Smart Parking
2. By Services:
2.1 Professional Services
2.2 Managed Services
3. By Connectivity Technologies:
4. By Network Deployments:
4.1 Public Sector
4.2 Private Sector
5. By Vertical:
5.1 Smart Logistic and Transportation
5.2 Manufacturing, Agriculture
5.3 Energy and Utilities
5.5 Consumer Electronics
5.6 Oil and Gas
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. Senet, Inc.
3. Weightless SIG
5. Semtech Corporation
9. Nwave Technologies
10. Link Labs, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Low Power Wide Area Network Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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