Low Power Wide Area Network (LPWAN) Market Size, Share and Growth Analysis

Posted by michael on June 6th, 2019

Low Power Wide Area Network (LPWAN) Market Size and Growth Rate:

Low Power Wide Area Network (LPWAN) Market size was valued USD 986 in 2017 it is expected to reach USD 28746.5 by the end of 2025, with increasing at a CAGR of during the forecast period 2018-2025.

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Low Power Wide Area Network (LPWAN) Market Growth Drivers and Restraints:

The growth of IoT and wireless technology is anticipated to drive the development of the low power wide area network market in the future years. The increasing adoption of smart buildings, industrial automation, etc. has unleashed huge opportunities for growth into the market. It is expected to have a positive influence on the ultimate trajectory of the market in the forthcoming years.

LPWAN can be combined into cars, wearable devices, manufacturing equipment, etc. Thus, it has received applications across a wide range of industries and is forecasted to penetrate more verticals in the foreseeable future. The growth of end-user industries is prognosticated to increase the low power wide area network run over the next couple of years.

The market of LPWAN is primarily driven by the growing adoption of low power consumption, increasing need of long-range connectivity between devices, growing internet users & connected devices, cost savings, growing number IoT/M2M applications and progress in the development of smart cities & smart buildings. But some of the restraints such as incompatibility in handling heavy data traffic, lack of rules, privacy & security concerns, absence of a unified regulatory body, and combination complexities are impacting the market significantly. Moreover, some of the new possibilities include MNOs & non-MNO network providers, OEMs, small & medium enterprises (SME) and system integrators.

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

The European region holds the highest share of the market across the globe followed by North America and the Asia Pacific regions. The majority in Europe market is attributed to the increasing technological improvements and proliferation of intelligent connected devices in the region. Furthermore, the region has a well-established infrastructure, which allows faster implementation of superior technologies. Additionally, the increasing adoption of low power consumption technologies is another important factor driving the increase of the low power wide area network market in the region.

Keyplayers of the Low Power Wide Area Network (LPWAN) Market:

Some of the leading players in the global Low Power Wide Area Network Market are LORIOT (Switzerland), Semtech Corporation (U.S.), NWave Technologies (London),Cisco Systems (U.S.), SIGFOX (France), WAVIoT (U.S.), Activity (France),AT&T Inc. (Germany), Weightless SIG (U.K), Senet, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Qualcomm Inc. (U.S.),Ingenu (U.S.), Link Labs Inc. (U.S.), Telefonica SA (Spain) and Vodafone Group Plc. (U.K).

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Joined: April 4th, 2019
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