The global demand for Low Power Wide Area Network (LPWAN) Market is presumed to reach the market size of nearly USD 100.66 BN by 2028 from USD 3.75 BN in 2021 with a CAGR of 60% under the study period 2022 - 2028.
Low-power wide area network (LPWAN) links battery-operated, low-bandwidth devices over large distances. Compared to conventional mobile networks, LPWANs have lower operating costs and higher power efficiency. Applications needing occasional uplink delivery of smaller messages are best suited for LPWANs. Most LPWAN technologies can also be downloaded.
Market Dynamics
The rapid adoption of machine-to-machine communication and the consequent decline in system costs are the primary drivers of low-power wide area network market growth. Implementation of IoT in industries is a significant factor that can positively influence the market of low power wide area networks hence, increasing the market demand. The growing need for long-distance and low-cost connectivity alternatives among associations is projected to propel the market forward for LPWAN. Additionally, it includes features with low data rates and long battery lives that will drive the market growth of the low-power wide area network. Nevertheless, the absence of standardization may limit its applicability in the industrial sector, and the service quality problems linked to unlicensed solutions may impede LPWAN market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of low power wide area network (lpwan). The growth and trends of low power wide area network (lpwan) industry provide a holistic approach to this study.
Market Segmentation
This section of the low power wide area network (lpwan) market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technological Service
- Managed Services
- Professional Services
By Network Deployment
- Public Sector
- Private Sector
By Application
- Smart Waste Management
- Smart Buildings
- Smart Gas & Water Metering
- Smart Parking
- Livestock Monitoring
- Others
By Industry Vertical
- Smart Logistics & Transportation
- Agriculture
- Healthcare
- Industrial Manufacturing
- Oil & Gas
- Consumer Electronics
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Low Power Wide Area Network (LPWAN) market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Low Power Wide Area Network (LPWAN) Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the low power wide area network (lpwan) market include Semtech, Loriot AG, Nwave, Sigfox, Actility, WAVIoT, Ingenu Inc., Link Labs, Senet, and Cisco Systems Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.