Strategic Analysis of the Global Low Power Wide Area Technology Market, Forecast to 2024
Low Power Wide Area (LPWA) technology is a network that enables connecting of devices requiring low bandwidth. Low Power Wide Area can be used for connecting machine to machine (M2M) devices and serve as a low cost and power efficient solution in nature. Furthermore, the network has wide coverage area/range thereby supporting all kind of devices that can be connected through Internet of things (IOT). Wireless technologies such as Wi-Fi, Bluetooth, Zigbee can only be used for consumer oriented devices having short range. However, industrial IoT and M2M devices demands uninterrupted and continuous flow of data which can be fulfilled by use of LPWA technology. LPWA technology strengthens the position of IoT market participants through helping suppliers to get closer to their customers. Use of wire line and cellular network for M2M and IoT devices led to increase in cost and power consumption. However with the advent of LPWA technology, the problem of high cost and huge power consumptio...