The global LPWAN market is anticipated to grow at an exponential CAGR of 34.2% during the forecast period (2022-2028). 5G technology is expected to drive the LPWAN market growth during the forecast. The need for improvement in 4G technology in terms of low cost, network capacity, and network efficiency are projected to increase the usage of LWPAN. The 5G technology is likely to support a wide array of features and the existing usages of LPWAN. 5G technology improves existing consumer business and digitalization of industries due to which many big companies are increasing investment toward 5G technology.
Browse the full report description of “Global Low Power Wide Area Network (LPWAN) Market Size, Share & Trends Analysis Report by Technology (Random Phase Multiple Access (RPMA), LoRa, Weightless SIG, GreenOFDM, Ultra-Narrow Band, Sigfox, and Others), by Application (Smart Home, Monitoring and Security, Smart Agriculture and Energy, Industrial IoT Deployments and Other) by End-User (Healthcare, Transportation and Logistics, Oils and Gas, Consumer Electronics, Agriculture, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/low-power-wide-area-network-lpwan-market-size
For instance, in January 2022, Nokia and Tech Mahindra joined hands to deploy 5G-based solutions for business organizations. Tech Mahindra leverage Nokia's private wireless DAC (digital automation cloud) solution for customers across industries and facilitate automating 5G private wireless network management on a cloud computing system and enabling them to deploy internet of things like technology. Moreover, in June 2019, Ericsson and China Telecom successfully achieved a 5G Standalone (SA) end-to-end data call on the service provider’s 5G trial network in Hangzhou using a commercial chipset-based terminal from MediaTek.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Technology
o By Application
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape – Actility, S.A., Cisco Systems, Inc., Ingenu, Inc., Libelium Comunicaciones Distribuidas S.L, Nwave Technologies, Qualcomm Technologies, Inc., Semtech Corp., Sigfox Inc., Telefonica S.A., and Weightless SIG.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and +region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global LPWAN Market Report Segment
By Technology
By Application
By End-User
Global LPWAN Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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