Low Power Wide Area Network (LPWAN) Market Opportunity Assessment, Market Challenges by 2025
The Low Power Wide Area Network received significant traction during the initial years of IoT industry, this traction was primarily due to the long battery life that was offered by Low Power Wide Area Network. Another factor that is also driving the Low Power Wide Area Network market during the forthcoming years is the relatively low cost of deployment, long-range broadcasting capabilities and usage of unlicensed spectrum (a spectrum that is available of free). The low cost of deployment of the Low Power Wide Area Network is because of its increased use of the unlicensed spectrum of 1GHz frequency or less, this in-turn eliminates the sizeable amount of fees. Further, due to low data consumption, the Low Power Wide Area Network technology consumes low power, resulting in long-lasting battery life to IoT devices, which leads to plummeted operational expenses.
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