The global low power wide area network (LPWAN) market is expected to grow at CAGR 34.2% during the forecast period. The key factors that are contributing in the market growth such as an increase in the development of smart cities and smart building, lower power consumption demand, support more devices over a large coverage area, and demand for the low cost of LPWAN technology. The LPWAN is the wireless wide-area telecommunication network that is designed to provide long-range communications with a low bit rate. The global LPWAN market is growing due to its applications in the smart home, monitoring, and security, wireless LAN, smart agriculture and energy.
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The market is driven by growing IoT innovations such as disposable devices, multi-devices, radio-based geolocation, and network operator business models. The services of LPWAN ecosystem is emerging due to increasing demand for advanced technologies such as GreenWaves, LoRa based, ultra-narrow band, and haystack across the globe. LoRaWAN network is beneficial that supports radio-based geolocation to significantly lower the cost of mobile asset tracking within a 100-meter radius without any requirement of GPS. There are various technologies that develop the outdoor asset tracking system with short-range wireless technologies such as Bluetooth Low Energy (BLE) or Wi-Fi for indoor real-time technology. With the increase IoT ecosystem, there are various technologies that are contributing to the global LPWAN market growth.
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Global LPWAN Market Segmentation
By Technology
• Random Phase Multiple Access (RPMA)
• LoRa
• Weightless SIG
• GreenOFDM
• Ultra-Narrow Band
• Sigfox
• Others
By Application
• Smart Home
• Monitoring and Security
• Smart Agriculture and Energy
• Smart City and Security
• Industrial IoT Deployments
• Other
By End-User
• Healthcare
• Transportation and Logistics
• Oil and Gas
• Consumer Electronics
• Agriculture
• Others
Regional Analysis
• North America
o US
o Canada
• Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Rest of the World
Company Profiles
• Actility, S.A.
• Cisco Systems, Inc.
• GreenWaves Technologies
• Haystack Technologies, Inc.
• Ingenu, Inc.
• Libelium Comunicaciones Distribuidas S.L
• M2M Connectivity Pty. Ltd.
• Murata Manufacturing Co., Ltd.
• Nwave Smart Parking Co.
• Orange Business Services
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