Low Power WAN Market Expected to Grow at a CAGR of 87% by 2030

Cloud services and technology driving LPWAN market Connecting 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 or Low Power Wide Area Network Market is expected to flourish significantly over the assessment period 2020 to 2030 at a healthy growth rate of around 87%.

Global LPWAN Market Overview:

Low Power Wide Area Network (LPWAN) works on wireless communication technology between devices connected through a hub or switch using air waves. The LPWAN works in short range areas extending in radius from 10 km to 1000 km based on telecommunications with less power running on small cheap batteries with a service life of more than 20 years. LPWAN uses lightweight hardware with a very cost effective reduction in heavy infrastructure requirements.

Low Power WAN Market Competitive analysis

The list of key players in the low power wide area network market includes players such as:

• Telefonica SA (Spain)

• Semtech Corporation (USA)

• Huawei Technologies Co.Ltd. (China)

• Cisco Systems (USA)

• Senet, Inc. (USA)

• Activity (France)

• NWave Technologies (London)

• Weightless GIS (UK)

• LORIOT (Switzerland)

• SIGFOX (France)

• Ingenu (USA)

• WAVIOT (USA)

• Link Labs Inc. (USA)

• Vodafone Plc Group. (UK)

• Qualcomm Inc. (USA)

• AT&T Inc. (Germany)

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Several industry sectors use unlicensed and licensed frequencies to profit from network usage, forcing users to adopt them as a service or outsource them to third-party organizations without direct use of the technology. Sigfox is considered the most widely deployed LPWAN with a license-free frequency operating on a public or local 902 megahertz network with ultra-narrow range capable of communicating through messages, conventional time-consuming short-range data transfer techniques , especially WIFI and Bluetooth, which was time-consuming and limited to local areas, but with the launch of the low-power wide area network, the transmission of electric waves had a significant impact on the surrounding technology by working in small places isolated such as trains, trucks, cars and other automobiles to mutual use in household appliances, electric bicycles, street lighting and many more.

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LPWAN market covered USP

Market factors

The growth of the low-power wide area network market is attributed to factors such as growth in investments, technological developments and the launch of innovative products.

Market constraints

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

Scope of Low Power Wide Area Network Market Report:

Browse In-Depth Market Research Report (100 Pages) on Low Power Wide Area Network Market:

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COVID-19 Impact of the LPWAN Market

The global low-power wide area network market has seen significant challenges during the pandemic. On the other hand, with the rapid growth of the IT sector, the global low-power wide area network market is expected to show phenomenal growth in the coming years.

LPWAN Market Segment Analysis

Communication Type Insights’ Enhanced Mobile Broadband (eMBB) segment is expected to secure the top spot in the low-power wide area network market over the next few years. The major focus of market players is to deliver better broadband capabilities for applications, such as uninterrupted video calling, UHD video, AR/VR, and high-speed cloud gaming. The first tier of deployment is expected to focus on a non-standalone 5G wireless deployment model. eMBB offers very high data speeds for commercial and residential use. Therefore, eMBB is expected to serve various use cases, such as virtual meetings, 4K video access, and in-car infotainment, thereby driving the growth of the segment.

On the other hand, the massive segment of machine-type communications (mMTC) is expected to show the highest growth rate in the coming years. Massive machine-like communications envisions meeting the growing need for a developed digital ecosystem. mMTC offers services for high connection density applications, such as smart cities and smart buildings. The growing requirement to ensure continuous connectivity for all IoT devices implemented in a network is also likely to catalyze the growth of the segment.

Among all the verticals, the enterprise segment is expected to secure the number one spot in the global low-power wide area network market during the assessment period. The growth of the segment is expected to maintain its lead over the next few years, mainly due to significant investments by key players in the latest communication technologies. Rising demand for higher data rates for commercial and residential applications is also expected to drive the growth of the IT & Telecom segment during the review period. On the other hand, the consumer segment is expected to exhibit the maximum growth rate over the review period.

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Regional Analysis of the LPWAN Market

The global low-power wide area network market is analyzed across five critical geographies: Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa.

The MRFR analysis reports forecast that the Asia-Pacific region will take the leading position in the low-power wide area network market during the review period. Emerging countries such as India, Japan, and China are seen as major contributors to growth in the region, with maximum utilization of low-power WANs generating higher 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 considered period. Additionally, the strong demand for smartphones that support higher data speeds has resulted in robust production of 5G-powered smartphones across the region. The low-power WAN is expected to gain massive traction as major smartphone makers in the region, such as Samsung Electronics Co., Ltd., BBK Electronics Corp. and Huawei Technologies Co. Ltd., continue to launch 5G-enabled smartphones in response to growing demand.

The North American regional low-power wide area network market is expected to show substantial growth over the coming years. Canada and the United States have followed market trends to combine their current industries with low-power WAN-enabled devices, especially in organizations such as FedEx and AT&T in the transportation and delivery market. package.

The European regional low-power wide area network market is expected to secure the number one spot in the world. Countries in the region, such as the UK, Germany and France, have developed LPWAN rapidly, after launching long-range power detection devices in the world with the help of the government.

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The Middle East and Africa regional market for low power wide area networks is expected to witness tremendous development over the review period.

Related reports:

Global Wireless Network Infrastructure Ecosystem Market Information report: by communication infrastructure, by connectivity technology and by region — Forecasts to 2030

Global Mobile Virtual Network Operator Marketby Type, by Service, by Infrastructure — Forecasts until 2030

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

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