The cloud deployment model in the LPWAN market is projected to grow at a CAGR of over 68% over the forecast timeline. The customers prefer cloud platforms for quick IoT network deployment. By using the cloud deployment model, organizations can significantly reduce the deployment timeline and easily manage cloud-enabled LPWAN servers and gateways. The companies operating in the LPWAN market are also offering cloud platforms, which will enable users to easily manage the data generated by IoT sensors and allow network operators to monitor the LPWA network.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/674
In the services segment, professional services are expected to dominate the LPWAN market in 2025 with a share of over 64%. The professional service providers offer various technical as well as advisory services to organizations to meet the demands of the evolving business environment. Through professional services such as consulting and support solutions, the service experts provide hands-on technical assistance and assist in network planning to make the deployment of LoRa networks easier.
The utilities LPWAN market is expected to hold a market share of over 17% in 2025. Power and oil & gas companies are facing connectivity challenges due to the rapidly-changing operating environment. Due to the rising need for smart meter connectivity, remote monitoring of transmission & distribution network, and predictive maintenance, the demand for LPWAN technologies will increase to a greater extent. The utility companies are adopting LPWAN technologies to drive high performance and increase operational efficiencies. For instance, in February 2019, IGL India introduced its pre-paid smart gas metering system, leveraging LoRaWAN IoT network of Tata Communications. Genesis Gas Solutions provided new smart meters, helping customers to easily monitor their gas use in real-time.
Owing to the rising deployment of LPWA technologies, including LTE-M, NB-IoT, and LoRa, low power wide area network (LPWAN) market share is witnessing an increased traction in the recent years. Interestingly, LPWAN networks have emerged as popular choice among enterprises to support various IoT use cases and solutions for business sectors such as agriculture, manufacturing, logistics, and healthcare, among others. Enumerated below are three major factors that are shaping the growth prospects of LPWAN market.
One of the major factors fueling the commercialization prospects of LPWAN market is the steady increase in the volume of investment pertaining to 5G technology. In this context, it is important to take note of the fact that the mobile IoT technologies, such as LTE-M and NB-IoT, offer a cost-effective wide area coverage while ensuring the success of 5G network deployment.
Browse key industry insights spread across 300 pages with 488 market data tables & 28 figures & charts from the report, “LPWAN Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/low-power-wide-area-network-lpwan-market
The 5G technology would enable major telecom firms across the globe to provide high connectivity to support numerous IoT use cases. Taking this factor into account, various telecom firms including Orange, Vodafone, and Airtel are deploying licensed cellular LPWAN as a prominent component of their 5G development strategies.
In a nutshell, the increasing volume of investment by telecom firms in expanding the NB-IoT and LoRaWAN networks, the advent of 5G technology and its development, and the rise in industrial IoT connections has been fueling LPWAN market share. As per a research report by Global Market Insights, Inc., LPWAN industry size is slated to exceed USD 65 billion by 2025.
Major Key Points from Table of Content:
Chapter 6. LPWAN Market, By Deployment Model
6.1. Key trends, by deployment model
6.2.1. Market estimates and forecast, 2015 – 2025
6.3.1. Market estimates and forecast, 2015 – 2025
Chapter 7. LPWAN Market, By Application
7.1. Key trends, by application
7.2. Smart gas and water metering
7.2.1. Market estimates and forecast, 2015 – 2025
7.3. Asset tracking
7.3.1. Market estimates and forecast, 2015 – 2025
7.4. Smart bulidings
7.4.1. Market estimates and forecast, 2015 – 2025
7.5. Smart parking
7.5.1. Market estimates and forecast, 2015 – 2025
7.6. Precision agriculture
7.6.1. Market estimates and forecast, 2015 – 2025
7.7. Smart waste management
7.7.1. Market estimates and forecast, 2015 – 2025
7.8. Livestock monitoring
7.8.1. Market estimates and forecast, 2015 – 2025
7.9.1. Market estimates and forecast, 2015 – 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/low-power-wide-area-network-lpwan-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
Email: [email protected]