Global Low Power Wide Area Network Market, By Connectivity Technologies (SIGFOX, LoRaWAN, Weightless and Others), Technology Services (Managed Services and Professional Services), Network Deployments (Public Sector and Private Sector), Application (Smart Waste Management, Smart Buildings, Smart Gas and Water Metering, Smart Streetlights, Smart Parking, Livestock Monitoring and Others), Verticals (Agriculture, Smart Logistic and Transportation, Healthcare, Industrial Manufacturing, Oil and Gas, Consumer Electronics and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Low Power Wide Area Network Market
The low power wide area network market is expected to witness market growth at a rate of 63.56% in the forecast period of 2022 to 2029 and is expected to reach USD 1,8821.21 million by 2029. Data Bridge Market Research report on low power wide area network market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand of connectivity in large enterprises and Smes is escalating the growth of low power wide area network market.
Low-power wide-area network (LPWAN) is known to be a particular network that ensures long-range communication at a low bit rate. LPWAN overcomes the technological choice for constructing IoT networks across the world.
Major factors that are expected to boost the growth of the low power wide area network market in the forecast period are rise in the demand of long range connectivity between devices and increase in the adoption of Iot/M2m applications. Furthermore, decrease in the power consumption is further anticipated to propel the growth of the low power wide area network market. Moreover, decrease in the cost of LPWAN technology is further estimated to cushion the growth of the low power wide area network market. On the other hand, the rise in the data traffic is further projected to impede of the growth of the low power wide area network market in the timeline period.
In addition, advancing smart cities and smart buildings will further provide potential opportunities for the growth of the low power wide area network market in the coming years. However, dearth of universal LPWAN standards might further challenge the growth of the low power wide area network market in the near future.
This low power wide area network market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the low power wide area network market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Low Power Wide Area Network Market Scope and Market Size
The low power wide area network market is segmented on the basis of connectivity technologies, technology network deployments, applications and verticals. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of connectivity technologies, the low power wide area network market has been segmented into SIGFOX, LoRaWAN, weightless and others.
- On the basis of technology services, the low power wide area network market has been segmented into managed services and professional services.
- On the basis of network deployments, the low power wide area network market has been segmented into public sector and private sector.
- On the basis of application, the low power wide area network market has been segmented into smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring and others.
- On the basis of verticals, the low power wide area network market has been segmented into agriculture, smart logistic and transportation, healthcare, industrial manufacturing, oil and gas, consumer electronics and others.
Low Power Wide Area Network Market Country Level Analysis
The low power wide area network market is analyzed, and market size, volume information is provided by country, connectivity technologies, technology network deployments, applications and verticals as referenced above.
The countries covered in the low power wide area network market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
North America dominates the low power wide area network market due to the rise in the IoT technology with trends including Industrial Internet of Things and wearables. Furthermore, the development of smart-cities will further boost the growth of the low power wide area network market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the low power wide area network market due to the rise in the digitization. Moreover, the industrialisation technological advancements and rising data centres and others is further anticipated to propel the growth of the low power wide area network market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Low Power Wide Area Network Market Share Analysis
The low power wide area network market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the low power wide area network market.
Some of the major players operating in the low power wide area network market are Semtech, LORIOT AG, Nwave, Sigfox, WAVIoT, Actility, Ingenu Inc., Link Labs, Electronic Specifier, Senet., AT&T Intellectual Property, Qualcomm Technologies, Inc., Vodafone Group, Huawei Technologies Co., Ltd., and Telefonica S.A., among others.
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