LPWAN Market to Grow at 93% CAGR During 2016-2022: Infoholic Research

LPWAN Market to Grow at 93% CAGR During 2016-2022: Infoholic Research

Infoholic Research LLP recently published a study titled "LPWAN Market- Global Trends & Forecast - 2016-2022". Infoholic Research forecasts that the LPWAN market will have a positive impact on telecom industry and the increase in private spending on solutions will reduce the transmission cost and improve the services (2016-2022). The research predicts that LPWAN market is expected to grow at CAGR of 93.01% for the period of 2016-2022."

"LPWAN technology has huge potential in developing regions especially in China, Singapore, and India. Due to the upcoming Smart cities projects in these countries, it will become important for organizations to adopt LPWAN technology and applications to improve the transmission of information and derive the real-time information" said Preeti Wadhwani, Senior Research Analyst.

"Key building blocks of IoT& M2M such as secure end-to-end communication, mobility, and service localization will be streamlined by LPWAN. Also, by utilizing LoRa protocol (LoRaWAN), LPWAN is set to provide the required push to enable IoT, smart city and major industrial applications such as infrastructure, agriculture, and logistics" said Tariq Shaik, from Research Operations of Infoholic Research.

The LPWAN market is divided into types, technologies, networks, end-user and geographically. The types segment is again analyzed by devices and services segment. The device segment is further segmented into module shipments of LPWAN and the ASP of the module. The network segmentation is segmented into private and public networks in which private have the major share.

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