The Low Power WAN market is projected to grow at a CAGR of 87% by 2030

Future of market research

Future of market research

LPWAN market boost for cloud technology and services that connect all smart devices over the Internet

New York, USA, Nov. 23, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “LPWAN Market Research Report: By Network Deployment, Connectivity Technology, Application, Service, and Vertical Forecast to 2030”, The global market or Low Power Wide Area Network is anticipated to prosper considerably during the assessment period of 2020 to 2030 a a healthy growth rate of approximately 87%.

Overview of the Global LPWAN Market:

Low Power Wide Area Network (LPWAN) works with wireless communication technology between devices connected through a hub or switch over the air. LPWAN operates in low range areas extending within 10 km to 1000 km radius based on lower power telecommunications running on small and cheap batteries with a lifespan of more than 20 years. LPWAN uses lightweight hardware material with highly cost effective reduction of heavy infrastructure needs.

Low Power WAN Market competitive analysis

The list of key players in the Low Power Wide Area Networks market includes players such as:

  • Telefonica SA (Spain)

  • Semtech Corporation (USA)

  • Huawei Technologies Co. Ltd. (China)

  • Cisco Systems (USA)

  • Senet, Inc. (USA)

  • Actility (France)

  • NWave Technologies (London)

  • Weightless GIS (UK)

  • LORIOT (Switzerland)

  • SIGFOX (France)

  • Ingenu (United States)

  • WAVIOT (USA)

  • Link Labs Inc. (USA)

  • Vodafone Group Plc. (UK)

  • Qualcomm Inc. (USA)

  • AT&T Inc. (Germany)

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Licensed and unlicensed frequencies are used by various industry sectors to benefit network usage, causing users to adopt them as a service or outsource them to third-party organizations without direct use of technology. Sigfox is believed to be the most widely deployed LPWAN with license-free frequency running on a 902 megahertz local or public network with ultra-narrow range capable of communicating via time-consuming messaging. Conventional low-range data transfer techniques, including WIFI and Bluetooth. which was time-consuming and limited to local areas, but with the launch of low-power wide area network, electric wave transmission has had a significant impact on technology by working in small and isolated places, such as trains, trucks , cars and others. cars for mutual use in home appliances, electric bikes, street lighting and many more.

Covered LPWAN Market USP

market indicators

The growth of the Low Power Wide Area Network market is attributed to factors such as increased investments, technological developments, and the launch of innovative products.

Market restrictions

On the other hand, competition with the local individual network in the management of available WIFI networks is likely to limit the development of the market.

Scope of the Low Power Wide Area Network Market Report:

reporting metrics

Details

LPWAN Market Size by 2030

$1.12 trillion

LPWAN Market Growth

87% CAGR

base year

2019

Forecast

2020-2030

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Key market opportunities

Low Power Wide Area Network Market Trends has created multiple opportunities in all major industry sectors across the globe.

Key Market Drivers

The healthcare industry has shown the most significant growth with LPWAN

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Impact of COVID-19 on the LPWAN market

The global market for low power wide area networks has been witnessing significant challenges during the pandemic. On the other hand, with the rapidly growing IT sector, the global low power wide area network market is anticipated to show tremendous growth in the coming years.

LPWAN Market Segment Analysis

Communication Type Insights’ Enhanced Mobile Broadband (eMBB) segment is anticipated to secure the top position in the low power wide area network market in the coming years. The main concentration of market players is to offer better broadband capabilities for applications such as seamless video calls, UHD video, AR/VR, and high-speed cloud-based gaming. The initial level of deployment is anticipated to focus on a non-standalone 5G wireless deployment model. eMBB offers very high data speeds for business and residential use. Thus, eMBB is anticipated to serve various use cases such as virtual meetings, 4K video access, and in-vehicle infotainment, which will fuel the growth of the segment.

On the other hand, the Massive Machine Communications (mMTC) segment is anticipated to show the highest growth rate in the coming years. Machine-type mass communications are expected to meet the growing need for a developed digital ecosystem. mMTC highlights the offer of services for applications with high connection density, such as smart cities and smart buildings. The growing requirement to ensure continuous connectivity for all IoT devices deployed on a network is also likely to catalyze growth in the segment.

Among all verticals, the enterprise segment is anticipated to secure the top position in the global low power wide area network market during the assessment era. The growth of the segment is expected to maintain leadership in the coming years, mainly due to the significant investments made by key players in the latest communication technologies. The growing demand for higher data speeds for business and residential applications is also likely to fuel the growth of the IT and telecom segment during the review era. On the other hand, the consumer segment is likely to show the maximum growth rate during the review era.

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Regional Analysis of the LPWAN Market

The global Low Power Wide Area Networks market is analyzed across five critical geographies: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

MRFR analysis reports anticipate that the Asia-Pacific region will rank first in the low power wide area network market during the review era. Emerging nations such as India, Japan and China are seen as major contributors to growth across the region, with peak utilization of low power wide area networks yielding more significant revenue for the cloud market. Major market contributors such as KT Corp., SK Telecom, China Mobile and China Telecom are investing heavily in launching innovative network infrastructure. The investments are likely to boost the development of the Asia-Pacific regional market during the review era. In addition, the high demand for smartphones that support higher data speeds has led to a robust production of 5G-enabled smartphones across the region. The low-power wide area network is expected to gain massive traction as major smartphone producers across the region, including Samsung Electronics Co., Ltd., BBK Electronics Corp. and Huawei Technologies Co. Ltd., continue to launch 5G-enabled smartphones in response to rapid growth in demand.

The North American regional market for low power wide area networks is anticipated to show substantial growth in the coming years. Canada and the US have followed market trends to combine their current industries with low power wide area network compatible devices, particularly in organizations such as FedEx and AT&T in the package transportation and delivery market.

The European regional market for low power wide area networks is expected to secure the top spot worldwide. Nations in the region, such as the UK, Germany, and France, are rapidly developing LPWAN, having launched long-range power devices that detect startups around the world with government help.

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The Middle East and Africa regional market for low power wide area networks is anticipated to show considerable development during the review era.

Related reports:

Global Wireless Network Infrastructure Ecosystem Market Information Report: by Communications Infrastructure, by Connectivity Technology and Region — Forecast to 2030

Global mobile virtual network operator marketby Type, by Service, by Infrastructure — Forecast to 2030

Global Optical Transport Network (OTN) Market Research Report: Information by Technology, Service, Component, End User, Region – Forecast to 2030

About the future of market research:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering complete and accurate analysis on various markets and consumers around the world. Market Research Future has the distinguished goal of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users and market players for global, regional and national market segments, enable our clients to see more, know more and do more, helping to answer your most important questions. questions.

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