Frost Radar™: Massive IoT, Non-licensed LPWAN Connectivity Platforms, 2024
Published on: 27-Dec-2024 | SKU: IT_2024_1218

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Frost & Sullivan defines non-licensed low-power wide-area network (LPWAN) connection as active devices connected to a wireless communication network designed for low-bandwidth, long-range data transmission over an unlicensed spectrum. This type of technology connects IoT devices with low power consumption and low data rates and covers large areas.

Frost & Sullivan expects the number of non-licensed LPWAN connections is expected to grow by 22.7% year over year in 2024. Customers increasingly rely on LPWAN technology to fulfill the requirements for massive IoT applications, including low energy consumption, small data volumes, low-cost devices, and extreme coverage. Key applications encompass smart metering, asset tracking, fleet management, agriculture, and smart cities.

The most advanced markets have been adopting non-licensed LPWAN for cost-effective connectivity solutions for massive IoT and M2M applications. However, emerging markets will lead the growth in the next 3 to 6 years because digitalization will require LPWAN.

Frost & Sullivan analyzes numerous companies in an industry. This analysis benchmarks connectivity providers across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

The selected companies innovate through business models, software platforms, integrations, partnerships, and other elements. In the past four years, they have attained growth rates that exceed the market average while improving their future growth pipelines.

Strategic Imperative

Strategic Imperative (continued)

Growth Environment

Frost Radar™: Massive IoT, Non-licensed LPWAN Connectivity Platforms, 2024

Frost Radar™ Competitive Environment

Frost Radar™ Competitive Environment (continued)

Actility

Actility (continued)

Actility (continued)

Actility (continued)

Akenza.io

Akenza.io (continued)

Akenza.io (continued)

Akenza.io (continued)

LORIOT

LORIOT (continued)

LORIOT (continued)

LORIOT (continued)

MachineQ, a Comcast Company

MachineQ, a Comcast Company (continued)

MachineQ, a Comcast Company (continued)

Netmore

Netmore (continued)

Netmore (continued)

The Things Industries

The Things Industries (continued)

The Things Industries (continued)

UnaBiz

UnaBiz (continued)

UnaBiz (continued)

UnaBiz (continued)

UnaBiz (continued)

Best Practices

Growth Opportunities

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Next Steps

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Frost & Sullivan defines non-licensed low-power wide-area network (LPWAN) connection as active devices connected to a wireless communication network designed for low-bandwidth, long-range data transmission over an unlicensed spectrum. This type of technology connects IoT devices with low power consumption and low data rates and covers large areas. Frost & Sullivan expects the number of non-licensed LPWAN connections is expected to grow by 22.7% year over year in 2024. Customers increasingly rely on LPWAN technology to fulfill the requirements for massive IoT applications, including low energy consumption, small data volumes, low-cost devices, and extreme coverage. Key applications encompass smart metering, asset tracking, fleet management, agriculture, and smart cities. The most advanced markets have been adopting non-licensed LPWAN for cost-effective connectivity solutions for massive IoT and M2M applications. However, emerging markets will lead the growth in the next 3 to 6 years because digitalization will require LPWAN. Frost & Sullivan analyzes numerous companies in an industry. This analysis benchmarks connectivity providers across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths. The selected companies innovate through business models, software platforms, integrations, partnerships, and other elements. In the past four years, they have attained growth rates that exceed the market average while improving their future growth pipelines.
More Information
Deliverable Type Frost Radar
Author Cecilia Perez
Industries Information Technology
No Index No
Is Prebook No
Keyword 1 massive IoT
Keyword 2 LPWAN connectivity
Keyword 3 IoT market trends 2024
Podcast No
WIP Number KA29-01-00-00-00

Frost Radar™: Massive IoT, Non-licensed LPWAN Connectivity Platforms, 2024

Information TechnologyFrost Radar™: Massive IoT, Non-licensed LPWAN Connectivity Platforms, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
27-Dec-2024
REGION
Global
Deliverable Type
Frost Radar
Research Code: KA29-01-00-00-00
SKU: IT_2024_1218
AvailableYesPDF Download
$4,950.00
In stock
SKU
IT_2024_1218