According to the new reportpublished by Industry Research Place Global IoT WAN Market is valued at USD 238.95 Million in 2020 and is expected to reach USD 1189.24 Million by 2025 with the CAGR of 37.85 % over the forecast period.
This report analyses the global market for IoT WAN. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
Impact of 5G on IoT WAN Technology
5G will bring huge increases in bandwidth to the modern environment compared to 4G and 3G offerings. Several providers are even looking into things like fixed 5G, which mimics current cable modem infrastructure. This will help to accelerate adoption of SD-WAN around the world. 5G represents a valuable alternative to current transport models used for SD-WAN, such as MPLS and DSL, or ISDN, and broadband cables. Used correctly, 5G can provide a cableless approach to network management that’s easier for businesses to purchase and manage. It provides a simple way to manage multiple links in the connectivity suite for load balancing, traffic segmentation, and redundancy. The need for secondary data routing paths, coupled with the simplicity of 5G adoption will inspire more companies to move to SD-WAN. Furthermore, the easiness of 5G setting out will also make it easier for businesses to set up ad-hoc solutions for communication in remote locations while ensuring that team members always have a secure connection back to the headquarters. This is brilliant for a future where remote working, pop-up offices, and shared spaces will be more common. Will have benefits such as High-speed bandwidth capacity, Lower costs, Improve reliability and Rapid provisioning for permanent or temporary locations.
This report highlights the impact of the Covid-19 pandemic on Global IoT WAN Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global IoT WAN Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data from across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
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On September 14th Telecom Asia covered the plans of Japanese operator SoftBank to deploy a LPWAN network using the LoRaWAN protocol in its current fiscal year
In India, Tata Communications already announced end 2015 that it would deploy a LoRaWAN network which had been trialled in Mumbai, Delhi and Bangalore
July 12th Semtech released a statement saying that the nationwide deployment of a LoRaWAN IoT network in South Korea by local telecom provider SK Telecom covered 99 percent of the population
Recent Market Trends
IoT and Edge Computing
Many IoT end points, like electrical/mechanical/medical sensors and video surveillance cameras, are being deployed in enterprises to support various use cases. Specified huge deployment of IoT devices in the enterprise, it is almost impossible for IT teams to manage them manually, which is why there is a need for automation, analytics, and assurance of policies that govern the IoT deployment in an agile manner. Additionally, in specific IoT deployments, it is also not possible for IoT devices to send all the data remotely to a cloud or data center that is miles away to turn on or off certain devices. Hence, enterprises are exploring the option of edge computing to collect the IoT data, process it, store it, and take the decisions locally in addition to from time to time transferring the data to remote centers for backup. In order to help with better local decision processes at the IoT edge, machine learning/artificial intelligence algorithms can be used at the remote data center and the resultant schema can be pushed periodically to the IoT edges across the enterprise
Fast and Agile IoT Deployment Easy, inexpensive deployment of IoT devices is critical
One of the most impressive abilities offered by Software-defined wide area networks (SD-WAN) is zero-touch provisioning, which automates and streamlines the connection of devices and management of functions such as access control, networking, device security, and communications. Furthermore, you can leverage SD-WANs as a cloud-managed service, which simplifies enterprise-wide SD-WAN deployments even further, since this eliminates the need for IT teams to maintain and manage their own centralized SD-WAN data centers. The end result is fast time-to-execution for preliminary installations, as well as future upgrades because you can do all this at web-scale and the lowermost probable cost.
Centralized Visibility and Management
Get on an IoT initiative introduces a substantial level of intricacy and risk that must be efficiently control. With multiple locations connecting potentially thousands more IoT devices, it’s important to know exactly how highly dynamic network is performing at any given moment. Centralized visibility and management ensure network resilience, implementing real-time routing efficacies that address IoT dynamic traffic flows and keeps everything running smoothly.
Minimized IoT Security Risks
Allowing IoT devices to connect to the Internet opens the door to a variability of serious potential security vulnerabilities. In fact, IoT security has come under increasing scrutiny following high-profile incidents where an IoT device has been used as the entry point to infiltrate and attack a sensitive core network.
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•An overview of the Global Iot WAN Market
•In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
•Global IoT WAN market revenue data historic and forecast analysis (2015 to 2027)
•Characterization and quantification of the market segments for IoT WAN market
•Market share analysis of key market participants and their competitive landscape
Important Questions Answered By Global IoT WAN Market Report
•What is the impact of COVID 19 epidemic on the global IoT WAN Market?
•Which is mostly affected region, country?
•Which is the current largest and fastest-growing region?
•What is the market size and growth rate of the global IoT WAN Market?
•What are current factors affecting the growth of market?
•What are Key trends and opportunity areas?
•Within IoT WAN Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
•What are the major strategies adopted by leading market companies?
•What are company challenges and essential success factors by market segment?
•How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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