Low Power Wide Area Network Market worth 12.6% CAGR by 2026
" COVID-19 Impact on Low power wide area network market, size, share, growth, industry analysis and forecast 2020-2026 "
Low Power Wide Area Network Market (LPWAN) is a wireless wide area network technology mainly for connecting devices with low-bandwidth connectivity, aiming for efficiency of range and power. This technology is generally designed for machine-to-machine and IoT. With the reduced power requirements, more comprehensive coverage, and lesser cost than a mobile network, LPWANs are considered to allow a much wider range of M2M and Internet of Things (IoT) applications.
Smart cities address the future growth of the LPWAN technology. New merged approaches by the telecom companies and software companies are driving the market for new networking technologies. Additionally, factors including government infrastructure projects such as smart cities water management, gas metering, and asset tracking, rising wireless real-time tracking and product & process management, and the growth of low power wide area network markets are supporting the market growth.
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One of the market's key trends is meeting customer expectations while framing LPWAN technology as a powerful strategy. Furthermore, the increasing penetration of the 5G technology worldwide and the deployment of intelligent devices among the public are expected to provide prospective opportunities for market growth.
The Low Power Wide Area Network Market research report titled “Low Power Wide Area Network Market by Connectivity Technology, Deployment Model, Application and Geography – Global Forecast up to 2026.”
Leading players of the market are Vodafone Group Plc, ATandT Inc., Semtech Corporation, Huawei Technologies, Link Labs Inc.
The North America region will have the highest market share during the forecasted period. Since North America has significantly taken command of several technological developments such as smart homes, the big data, IoT and many more, it has emerged as the core for the Low power wide area network market demand.
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The report consists of 101 Tables and 68 charts depicting the in-depth market study and the impact analysis of COVID-19. The segmentation covered has been provided below as:
Low Power Wide Area Network Market based on Connectivity Technology
Low Power Wide Area Network Market based on Deployment Model
Low Power Wide Area Network Market based on Application
- Smart Waste Management
- Smart Buildings
- Smart Gas and Water Metering
- Smart Streetlights
- Smart Parking
- Livestock Monitoring
Low Power Wide Area Network Market based on Geography
- North America
- Asia Pacific
- Rest of World