Low Power IoT Service Market – Opportunities and Forecast, 2020-2027
The market report aims to provide an
overview of the industry through detailed market segmentation. The report
provides thorough information regarding the overview and scope of the market,
along with the market drivers, restrains, and key trends. It covers both the
quantitative and qualitative aspects of the industry in each region and country
participating in the study.
Key Drivers of the Low Power IoT Service
Market:
Low Power IoT is an ecosystem that consists
of a microcontroller (MCU), sensor, system power management, and wireless
interface. The low power IoT devices use low-bandwidth, consume less
battery-powered at a reduced cost with greater power efficiency than
traditional networks.
The primary drivers propelling the growth
of the low
power IoT service market include increasing Industrial IoT (IIoT)
penetration across various industries and rising the number of connected
devices around the world has surged the demand for low-power IoT. Moreover, various
specifications such as wide range, low cost, data security, and low bandwidth
uses to transfer data, followed by lower power consumption are some other factors
fuelling the market growth. Rise in a web-based application, government funding
for the secure and centrally connected network, along with the increasing
number of enterprises boosts the demand for low power enabled the connected
devices, which will further accelerate the market growth.
This report splits the Low Power IoT
Service Market as follows:
By Technology:
·
NB-IoT
·
LoRa
·
LTE-M
·
Others
By Application:
·
Agriculture
·
Digital Health & Remote
Health Monitoring
·
Smart Cities
·
Smart Home
·
Smart Metering
·
Industrial & Commercial
BEMS (Building Energy Management Solutions)
·
POS & Banking
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
Competitive
Landscape:
The low power
IoT service market report also scans the competitive landscape and profiles the
major players operating in the market including Emnify, Ingenu, Arkessa, Sierra Wireless,
Semtech, Cisco Jasper, Sigfox, AT&T, u-blox, and Huawei, among others.
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