A new study predicts that from this year to 2021, the low-power wide-area Internet of Things (LPWAN) market share will grow by 89.3%, and this portion of revenue will grow from $101 billion to $2.446 billion. It is worth noting that the large-scale application of LPWAN benefits from the efforts of developing countries to improve network connectivity. The study analyzed connectivity technologies, technical services, network deployments, and applications to provide 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 segment. The widespread use of LPWAN technology will promote standardization between smart meter manufacturers and suppliers, thereby driving growth in the metering industry. Some application cases are also discussed in the report, including: smart energy management, smart home, smart street lighting and smart building technology. It is predicted that Europe will continue to take the lead in the implementation of low-power WAN and the increase in tax revenue, 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 vendors to increase technology applications, including launching new products, building partnerships, and acquiring companies. Korean telecommunications company (SK Telecom) is one of them. South Korea's LPWAN deployment In early June, Korea Telecom (SK Telecom) announced that it has completed nationwide WAN deployment based on LoRa technology. SK Telecom plans to develop a variety of services, including measurement, tracking and monitoring. In terms of metrology, SK Telecom focuses on advanced instrumentation 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 claims to plan to help utility companies promote AMI services, including electricity and running water. Not only that, SK Telecom is also preparing to launch a price plan to promote the growth of the local IoT market by using the LPWAN to develop an IoT service network. Xiaobian conclusion: Low-power wide-area Internet of Things (LPWAN) is optimized for M2M communication scenarios in IoT applications. This technology is a revolutionary IoT access technology in the world, with long-distance, low-power, low-cost Compared with the existing technologies such as WiFi Bluetooth and ZigBee, LPWAN truly realizes low-cost full coverage of large-scale Internet of Things. Sigfox, LoRa, Telenas, PTC, etc. are typical LPWAN technologies, and there is a recent NB-IOT technology. With the opening of the NB-IOT business model, many people believe that they will usher in a communication industry. The new revolution, but there are also small partners who objected that NB-IOT is currently in the concept of speculation, and it is impossible to perfectly support so many scenarios. So what will happen, we will wait and see.
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