Low Power IoT Service Market – Opportunities and Forecast, 2020-2027 - Gurgaon

The Low Power IOT Service Market report scans the competitive landscape and profiles of the major players operating in the market, including Ingenu, Sierra Wireless, Arkessa, AT&T, Huawei, Emnify, Sigfox, Semtech, Cisco Jasper, and u-blox, among others.

Key Drivers of the Low Power IOT Service Market:

Low Power IoT refers to an ecosystem that comprises of microcontroller (MCU), wireless interface, sensor, and system power management. The low power IoT devices use low-bandwidth, consume less battery-powered at a lower cost with improved power efficiency as compared to the traditional networks.

The significant factors responsible for the growth of the low power IoT service market size include the increasing Industrial IoT (IIoT) penetration across several industries and the rising number of connected devices across the globe, which has surged the demand for low-power IoT. Moreover, the numerous remarkable features offered by low power IoT services such as low cost, wide range, and data security, low bandwidth uses to transfer data, and lower power consumption are further accelerating the growth of the low power IoT market share in terms of revenue. In addition to this, the rising web-based application, increasing government funding for the secure and centrally connected network, and the accelerating number of enterprises are further growing the demand for low power enabled the connected devices.

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