The major factor driving the growth of low power wide area network is the rise in adoption of machine to machine communication and minimized cost associated with its system is expected to boost industry demand. The implementation of low power wide area network with internet of things (IoT) is another major factor which is responsible for the market growth of low power wide area network market in positive manner. Additionally, it also offers applications that have long battery lives and low data rates.
Lack of governance and security concerns are the major restraints which are affecting the growth of low power wide area network market.
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Low power wide area network is a wireless telecommunication technology which is adopted by most of the organizations for long range communication. Low power wide area network technology is mainly used for interconnecting devices with low bandwidth connectivity to improve range and power efficiency. Low power wide area network technologies are designed for the purpose of machine to machine networking (M2M). Additionally, low power wide area network supports more devices over a large coverage area with greater power efficiency and lower cost. Low power wide area network has better operating capabilities than consumer mobile technology.
The low power wide area network has several industrial and commercial applications such as smart cities & buildings, and transportation.
Market Top Player’s
- Semtech Corporation
- Nwave Technologies
- Link Labs
- Weightless SIG
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Market segment by Regions/Countries, this report covers
- United States
- Southeast Asia
Market segment by Type, the product can be split into
- Public Sector
- Private Sector
Market segment by Application, Low Power Wide Area Network can be split into
- Smart Logistic and Transportation
- Industrial Manufacturing
- Oil and Gas
- Consumer Electronics
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