Low Power Wide Area Network (LPWAN) Market Size, Share, Trends, Growth 2032

Low Power Wide Area Network (LPWAN) Industry Prospective:

According to the report published by Zion Market Research, the global Low Power Wide Area Network (LPWAN) Market size was valued at USD 37.56 Billion in 2023 and is predicted to reach USD 1401.16 Billion by the end of 2032. The market is expected to grow with a CAGR of 49.5% during the forecast period.

The report analyzes the global Low Power Wide Area Network (LPWAN) Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Low Power Wide Area Network (LPWAN) industry.

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Global Low Power Wide Area Network (LPWAN) Market: Overview

Low Power Wide Area Network (LPWAN) is a wireless technology to transmit a small amount of data over long distances. It is used in machine-to-machine interactions, distribution of elementary networks, and the internet of things (IoT). Low Power Wide Area Network transfers the data in the small packages over long distances and hence it is energy-efficient method. But it requires an autonomous power supply. LPWAN connects low bandwidth and battery-operated devices with lower bid rates over the long ranges. The development of the global low power wide area network (LPWAN) market has truly opened limitless opportunities in exchange for information.

Global Low Power Wide Area Network (LPWAN) Market: Growth Factors

The increase in demand of machine-to-machine communication in the telecom sector propels the growth of the global low power wide area network (LPWAN) market. Growing adoption of the internet of things (IoT) for several applications like livestock monitoring, smart lighting, and smart metering has boosted the market growth in recent years. Wireless technology like ZigBee and Bluetooth are becoming incompetent for long-distance communication. These drawbacks fuel the demand for efficient wireless technologies like LPWAN. People are investing more for improving the global low power wide area network (LPWAN) market. Increased investments lead to the development of the LPWAN ecosystem, which is driving the market effectively.

The LPWAN has significant tractions of the people primarily due to the long life cycle of the battery and the low cost of maintenance. The capability of LPWAN of using unlicensed spectrum and low deployment cost has driven the global low power wide area network (LPWAN) market growth. Several applications involve technology based on the internet of things (IoT) and thus, the real-time communication abilities like data centers energy management are required. Due to this, there is a significant increase in demand for low latency and high-reliability mediums like LPWAN.

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Global Low Power Wide Area Network (LPWAN) Market: Segmentation

The global low power wide area network (LPWAN) market can be segmented into service, connectivity technology, deployment model, end-user, and region.

By services, the market is bifurcated into professional and managed services. The service segment is forecasted to exhibit a much higher CAGR in the coming years. Professional services aid customers to launch LPWAN conveniently with less impact on their cellular network.

By connectivity technology, the market segment into weightless, LoRaWAN, SIGFOX, and others.

By deployment model, the market is bifurcated into on-premise and cloud segments. The cloud deployment segment is forecasted to grow with a significant CAGR over the forecast period. Cloud deployment is more in demand due to its cost-efficient features. It also accelerates the internet of things (IoT) applications deployment.

By the end-user, the market is segmented into healthcare, agriculture, logistics & transportation, manufacturing, customer electronics, government & public sector, and others. Consumer electronics is dominating the market with the largest market share.

Low Power Wide Area Network (LPWAN) Market: Report Scope

Global Low Power Wide Area Network (LPWAN) Market: Regional analysis

Latin America is forecasted to show high growth rates with increased CAGR in the coming years. The low power wide area network (LPWAN) market is in its nascent stage in this region. The government is launching several initiatives for the development of LPWAN technology. Brazil and Mexico are dominating the global low power wide area network (LPWAN) market due to the increase in IoT applications and government initiatives. Europe is forecasted to have the largest share in the global low power wide area network (LPWAN) market due to the integration of machine-to-machine based systems.

Asia Pacific is forecasted to grow exponentially with the surge in the adoption of IoT applications due to the increased penetration of smartphones.

Global Low Power Wide Area Network (LPWAN) Market: Competitive Players

Some of the prominent leaders in the global low power wide area network (LPWAN) market are 

• WavIoT
• Vodafone Group Plc
• Verizon Communications Inc.
• Sigfox
• Sierra Wireless
• Senet,Inc.
• Semtech Corporation
• Qualcomm Technologies, Inc.
• Orange Business Services
• LORIOT.IO
• Nwave
• Kerlink
• Link labs
• AT&T Inc.

The global low power wide area network (LPWAN) market is segmented as follows:

By Service

• Professional
• Managed Services

By Connectivity Technology

• Weightless
• LoRaWAN
• SIGFOX
• Others

By Deployment Model

• On-Premise
• Cloud Segments

By End-User

• Healthcare
• Agriculture
• Logistics & Transportation
• Manufacturing
• Customer Electronics
• Government & Public Sector
• Others

Global Low Power Wide Area Network (LPWAN) Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.