The Low-Power Wide Area Internet of Things LPWAN Market Will Increase by 89.3% in the Next Five Years

[China Instrument Network Market] A new study predicts that from this year to 2021, the low-power wide area Internet of Things (LPWAN) market share will increase by 89.3%, and this portion of revenue will increase from 101 billion US dollars to 2444.6 billion US dollars. . It is worth noting that the large-scale application of the LPWAN benefits from the efforts of developing countries to improve the network connectivity.

The study analyzes aspects including connection technologies, technical services, network deployment and applications, and provides a forecast of market trends in different regions. At the application level, smart gas meters and smart meters are expected to be the fastest growing segments. The widespread use of LPWAN technology will promote the standardization between smart meter manufacturers and suppliers, which will in turn promote the growth of the metering industry. The report also discusses some application cases, including: smart energy management, smart home, smart street lighting, and smart building technology.

It is predicted that in the implementation of low-power wide area network and the increase of tax revenue, Europe will still be the top spot, followed by North America. However, in the LPWAN market, the Asia Pacific region is the fastest growing region in the forecast. The study shows the efforts of various suppliers to increase the use of technology, including the introduction of new products, the establishment of partnerships, and mergers and acquisitions. Korea Telecom (SK Telecom) is one example.

South Korea's LPWAN deployment In early June, Korea Telecom (SK Telecom) announced that it has completed a nationwide wide area network deployment based on LoRa technology. SK Telecom plans to develop a variety of services, including measurement, tracking and monitoring. In terms of metering, SK Telecom focuses on Advanced Metering Infrastructure (AMI) to help utilities accurately manage and monitor usage and control equipment. Since November 2015, SK Telecom has been piloting the AMI project and claimed that it plans to help utility companies promote AMI services, including electricity and tap water. Not only that, SK Telecom is also preparing to launch a price plan to promote the growth of the local Internet of Things market by leveraging LPWAN to develop an Internet of Things service network.

Xiaobian conclusion:

The low-power wide-area Internet of Things (LPWAN) is optimized for the M2M communication scenario in the Internet of Things (IoT) application. This technology is a revolutionary Internet of Things (IoT) access technology in the world in recent years, with long-distance, low-power, and low-speed operation. Compared with the existing technologies such as WiFi Bluetooth and ZigBee, the LPWAN truly realizes the low-cost and full-coverage of the large-area Internet of Things.

Sigfox, LoRa, Telensa, PTC, etc. are all typical LPWAN technologies, and there is still a promising NB-IOT technology. With the opening of the NB-IOT business model, many people believe that they will surely usher in the communications industry. The new revolution, but there are also small partners to raise objections, that NB-IOT is currently in the concept of speculation, it is impossible to perfectly support so many scenarios. What will the result be? We will wait and see.

(Original title: The global low-power wide area Internet of Things (LPWAN) market will grow rapidly in the next five years?)

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