(MENAFN- Ameliorate Digital Consultancy)
A market research study titled“ LoRa Gateway Module Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028 ” was just released by Persistence Market Research.
The application segment is further divided into asset monitoring, smart cities, smart agriculture, smart agriculture, industrial automation, and home automation. Moreover, the lora gateway module market is anticipated to be driven by the quick uptake of LoRa gateway modules across numerous industries, including manufacturing, energy & utilities, automotive, and healthcare.
LoRa Gateway Module Market
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Increasing Industrial Automation to Push LoRa Gateway Module Adoption
The market for LoRa gateway modules (long range wireless network technology) is being driven by reasons including the IoT's quick growth and an increase in consumer demand for smart devices. Moreover, during the projected period, the market for LoRa gateway modules is anticipated to benefit from the implementation of cutting-edge and ground-breaking technologies.
The market for LoRa gateway modules is anticipated to benefit from the growing adoption of IoT since end users are becoming more aware of the benefits associated with its implementation. Moreover, the growing cellular IoT and the approaching 5G are two additional drivers driving up demand for LoRa gateway modules. The market for LoRa gateway modules is also being driven by the growth of smart city initiatives and the use of smart gadgets.
Due to the developing trend of Industry 4.0 and the growing demand for automation in manufacturing industries, LoRa gateway modules are becoming more widely used in this sector. The ongoing investments made by different nations in the automation of industrial infrastructure and the fulfilment of the existing connectivity solutions for industries have compelled vendors all over the world to concentrate on providing cellular connectivity with entirely new concepts offered by new providers and alliances, including LoRa. As a result, the demand for LoRa gateway modules is increasing steadily and quickly, especially throughout the manufacturing business sectors.
Throughout the projection period of 2018 to 2028, the global LoRa gateway module market is anticipated to see a total incremental opportunity of more than US$ 3 billion. Persistence Market Research has divided the global LoRa gateway module market into segments according to geography, industry, and application.
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Regional Outlook: LoRa Gateway Module Market
Due to the existence of numerous significant players and the early adoption of cutting-edge technologies related to LoRa gateway modules, North America and Europe are among the largest markets in the world for LoRa gateway modules. Also, the industry is being driven by the IoT sector's quick growth and substantial government spending on LoRa technology.
Due to the rising adoption of smart devices and the region's growing digitalization, the markets for LoRa gateway modules in East Asia and South Asia are anticipated to develop at a sizable CAGR over the forecast period. Additionally, the market for LoRa gateway modules may experience growth due to the rising uptake of cutting-edge technologies for smart city and smart farm applications.
Also, a steady rise in the number of businesses offering LoRa gateway modules and technology across East and South Asia is anticipated to favourably impact the development of the LoRa gateway module market throughout the course of the projected year.
Competition Landscape – LoRa Gateway Module Market
Some of the key players covered in the global LoRa gateway module market research report include
Guangdong Dapu Communication Technology Co., Ltd. HOPE Microelectronics CO., Ltd. Embit s.r.l. IMST GmbH LINK LABS Libelium Comunicaciones Distribuidas S.L Laird Technologies Multi-Tech Systems, Inc. Murata Manufacturing Co. Microchip Technology Inc. Nemeus GlobalSat WorldCom Corporation
These LoRa gateway module providers are continuously focusing on offering advanced products and following the strategy of entering into partnerships and collaborations with M2M and IoT device providers to offer advanced LoRa gateway modules and to reach new growth markets in the next few years.
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