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Global Low Power Wide Area Networks (LPWANs) Smart Metering Market Forecast to 2028DUBLIN, Nov. 22, 2019 /PRNewswire/ -- The "LPWAN Smart Metering: Market Forecast" report has been added to ResearchAndMarkets.com's offering. The emergence of low power wide area networks (LPWANs) has been promoted as a boon to the Internet of Things (IoT) industry. LPWAN features are well-suited to IoT use cases in which thousands or even millions of devices are deployed: wide-area coverage requiring low power needs, as only small data amounts are sent. The excitement surrounding the rise of LPWAN has grown over the past several years, most notably through the rollout of NB-IoT, LTE-M, and LoRa networks across the world. Most potential LPWAN IoT applications - such as smart parking, waste management, or health monitoring - remain mostly at pilot scale. But one notable exception is smart metering, where there have already been deployments in the low millions connected on LPWANs, with plans for tens of millions more. In effect, the hype over LPWAN smart metering is real, but the effects will be more subtle. Existing meter vendors will continue to dominate the market, but in some cases will partner with LPWAN providers. Telecom network operators that provide connectivity for smart metering projects will look to add managed services contracts to compensate for relatively low connectivity revenues (just $408m annually by 2028), helping move more utilities to the network-as-a-service model. Meanwhile, some emerging market countries that have yet to deploy smart meters and may have lesser requirements could look to leapfrog to LPWAN options. Overall, smart metering will help drive LPWAN rollouts and markets, while LPWAN is changing the dynamics of the rapidly evolving smart meter industry, even as it plays a niche role.
Key Topics Covered: i. Executive summary For more information about this report visit https://www.researchandmarkets.com/r/eyg8p5 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-low-power-wide-area-networks-lpwans-smart-metering-market-forecast-to-2028-300963206.html SOURCE Research and Markets |