The companies operating in the low power network market are focusing on the expansion of their existing cellular networks to enable the deployment of IoT devices.
Sellbyville, DE -- (SBWIRE) -- 04/26/2019 -- The Asia Pacific Low power network market is expected to register healthy CAGR during the forecast period. The countries in the region including China, India, and the Netherlands are witnessing a surge in the adoption of IoT solutions in various industry verticals such as agriculture, manufacturing, utilities, and logistics. For instance, the government agencies in the countries including India and China are supporting digital transformation with initiatives, such as ?Make in India? & ?Made in China 2025?, to promote the adoption of IoT across manufacturing industries. The massive implementation of IoT platforms will give rise to the demand for LPWA connections to support IoT-based applications, enabling smart factories. The global LPWAN vendors are also expanding their network in this region, increasing the uptake of LPWAN solutions. For instance, in July 2016, Semtech teamed up with SK Telecom to deploy a nationwide LoRaWAN network in South Korea. The partnership is helping SMEs & start-ups to test & deploy their innovative IoT solutions over the network.
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Another factor propelling the low power network market growth is the rising investments on the emerging 5G technology. The 5G technology will enable telecom companies to provide high connectivity to support various IoT use cases. The mobile IoT technologies, such as NB-IoT and LTE-M, provide a cost-effective wide area coverage while forming the foundation of 5G network?s success. The major telecom companies including Airtel, Vodafone, and Orange are deploying licensed cellular LPWAN as a part of their 5G strategies.
In the services segment, professional services are expected to dominate the low power network 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 cloud deployment model in the low power network 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.
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The utilities low power network 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.
low power network market is projected to surpass USD 65 billion by 2025. The market growth is attributed to the increase in the demand for unlicensed & licensed LPWA technologies to improve coverage, extend devices? battery life, and reduce costs as compared to traditional cellular connectivity options.
The growing deployment of IoT-enabled applications, such as smart water meters, precision agriculture, and smart transportation, is increasing the need for reliable connectivity solutions that can connect multiple & remote devices cost-effectively. The favorable government initiatives to support the development of smart cities will also expedite low power network market growth.
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The companies operating in the low power network market are focusing on the expansion of their existing cellular networks to enable the deployment of IoT devices. For instance, in October 2018, Vodafone announced the expansion of its NB-IoT network in Spain and Germany by the end of 2019. Vodafone?s NB-IoT has a capacity to provide around four billion devices simultaneously. In September 2016, Digital Catapult launched an IoT network across London. The company deployed around 50 LoRaWAN base stations to address issues such as infrastructure provision, energy management, and transport services. Some companies are also opening new R&D labs globally to facilitate the development of the IoT ecosystem. For instance, in March 2018, Actility opened new IoT labs in Paris to help developers test and introduce new connected devices. The labs enable users to test their devices with cloud platforms such as Microsoft Azure and Amazon AWS.