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Low Power Wide Area Network Market Worth 24.46 Billion USD by 2021


News provided by

MarketsandMarkets

11 Jul, 2016, 14:30 GMT

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PUNE, India, July 11, 2016 /PRNewswire/ --

According to a new market research report "Low Power Wide Area Network Market by Connectivity Technology (SIGFOX, LoRaWAN, Weigthless and Others), Technology Service, Network Deployment, Application, Verticals and Region - Global Forecast to 2021", published by MarketsandMarkets, the market to grow from USD 1.01 Billion in 2016 to USD 24.46 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 89.3% during the period 2016-2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302)
Browse 58 market data Tables and 42 Figures spread through 121 Pages and in-depth TOC on "Low Power Wide Area Network Market"

http://www.marketsandmarkets.com/Market-Reports/low-power-wide-area-network-market-41351212.html                

Early buyers will receive 10% customization on this report. 

"Smart Gas and Water Metering to grow at the highest CAGR" 

The report segments the global market on the basis of connectivity technologies, technology services, network deployments, applications, verticals, and regions, along with providing an in-depth analysis and market size estimations. Applications include smart waste management, smart buildings, smart gas and water metering, smart street lights, smart parking, livestock monitoring and others (home security and healthcare). Smart gas and water metering is expected to witness the highest growth rate. Smart meter rollouts represents a paradigm shift to understand the energy consumption at all the levels in the power grid. The mass adoption of LPWAN technology will promote greater standardization between different smart meter manufacturers and vendors.

"Oil and Gas vertical to experience the highest CAGR" 

Among verticals, oil and gas will lead the LPWAN market with a wide range of organizations adopting LPWAN solutions in all regions. Lower oil prices are driving the growth in this segment and encouraging companies to place a higher business priority on optimization where IoT applications are relatively immature. Connected devices and systems can facilitate efficient oil and gas operations, with minimum human intervention, providing higher value than traditional technology.

"Europe to be the largest revenue generator" 

The Low Power Wide Area Network Market research report has been segmented by region: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. Europe is expected to continue being the largest revenue generator region for LPWAN vendors for the next five years, followed by North America. Whereas, APAC is expected to be the fastest-growing region in the LPWAN market during the forecast period. The market growth in developing regions can be attributed to the enhancements in network connectivity.

Major vendors that offer LPWAN technology are Semtech Corporation (California), LORIOT (Switzerland), NWave Technologies (London), SIGFOX (France), WAVIoT (Texas), Actility (France), Ingenu (San Diego), Link Labs (Maryland), Weightless SIG, and Senet, Inc. (Portsmouth). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships and collaborations, and mergers and acquisitions to expand their offerings in the LPWAN market.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=41351212

Browse Related Reports 

IoT Gateway Market by Nodes (Smart Watch, Camera, RADAR, Thermostat, Actuator, Smart TV), by Connectivity Technology (Bluetooth, WiFi, ZigBee, Ethernet, Z-Wave), by Component (MCU, FPGA, Sensor, Memory), by End-Use and Geography - Global Forecast to 2022

http://www.marketsandmarkets.com/Market-Reports/iot-gateway-market-248007097.html

Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance, Others), and by Geography - Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/machine-to-machine-market-732.html

Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is a catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
+1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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