Low Power Wi-Fi Conversion Market Analysis

Type (Cellular: NB IoT, LTE M/ CAT M1, Non- Cellular: LoRa, SigFox, Weightless)

The cellular segment is anticipated to hold 54% share of the global low power Wi-Fi conversion market during the forecast period. The growth of this segment can be attributed to the widespread adoption of smartphone infrastructure across the world. In addition, these networks can operate at very high bitrates, up to 125 kb/s, which is another factor expected to drive growth in this market segment in the near future. Moreover, the segment for LTE M/CAT M1 is projected to gather the largest share in this segment over the forecast period due to the increasing installation and high data bandwidth of these networks.

Range (Less Than 2km, 2-10km, More Than 10 km)

Low power Wi-Fi conversion market from the more than 10 km segment is assessed to witness the majority revenue share, due to witnessing a tremendous surge in data traffic, resulting in approximately 5 billion people accessing the internet, which is 63% of the world's total population. The number of internet users is growing globally at an annual rate of 3.7 percent, with developing economies experiencing even higher year-on-year growth. Access to the internet has become a necessity for people around the world, and the continuous growth in internet users is a testament to its importance in today's digital age. All these factors are culminately propelling the market’s growth.

Our in-depth analysis of the global low power Wi-Fi conversion market includes the following segments: