Wireless IoT connectivity market: LPWA networks to reach 5.3 Billion in 2030

ABI Research reported from its latest finding that the Low-Power Wide Area Networks (LPWAN) to reach 5.3 billion connections in 2030. LPWAN companies are competing in integral IoT applications such as smart metering, asset tracking, and condition-based monitoring, with a vendor’s competitive advantage often hinging on factors beyond a network’s technical capabilities. Further finding and comments shared by ABI: “The business environment surrounding a networking technology can be as influential to its success as its data rate, bandwidth, and power requirements,” says Lizzie Stokes, IoT Hardware and Devices and IoT Networks and Services Analyst at ABI Research. “As new connectivity technologies enter the market and others pivot or leave entirely, it is important to understand how various market dynamics – such as regional availability and stages of development - impact a technology’s successes and failures.” When competing against newer technologies and other wide-area networks, cellular LPWANs struggle with fractured regional deployments and higher device and connectivity costs than other LPWA technologies. But regardless of technology, LPWA solutions are increasingly confronted with complexity concerns as IoT users demand user-friendly, end-to-end IoT systems. To maintain market share, vendors must dynamically respond to these obstacles while navigating new, potentially ...