Low Power Wide Area Network (LPWAN) Market Forecast 2022 with Top Companies - Nokia Networks, Intel Corporation, Huawei Technologies Co. Ltd., Telensa Ltd., Sigfox S.A., M2Communication

Global Low Power Wide Area Network (LPWAN) market is estimated to be $0.539 billion in 2015 and is expected to reach $46.3 billion by 2022 growing at a CAGR of 88.8% from 2015-2022. The LPWAN market has experienced robust growth fuelled by growing acceptance of IoT/M2m applications, reduced power consumption, less cost of LPWAN technology and growing demand for long range connectivity devices. However, there are few restraints for this market which are security and privacy concerns, huge data traffic and lack of governance. Moreover, the LPWAN market has tremendous growth opportunities such as more consumption of intelligent devices and increasing smart cities and smart buildings over the forecast period.

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Private sector segment is expected to account for the largest market share over the forecast period. On the other hand, public sector is anticipated to grow at a higher CAGR. By geography, Europe dominates the global APWAN market with largest market revenue. While Asia Pacific is expected to witness high compound annual growth rate during the forecast period.

Some of the key players profiled in this market include Nokia Networks, Intel Corporation, Huawei Technologies Co. Ltd., Telensa Ltd., Sigfox S.A., M2Communication, Mistbase Communication Systems, Qualcomm, Inc and Vodafone Group plc.

Service Covered:
- Managed Services
- Professional Services

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Connectivity Technology Covered:
- Weigthless
- Sigfox
- Lorawan
- Ingenu (On-ramp)
- Other Connectivity Technology

Standards/Technology Covered:
- Licensed Spectrum
- Unlicensed Spectrum

Network Deployment Covered:
- Public Sector
- Private Sector

Application Covered:
- Livestock Monitoring
- Smart Parking
- Smart Buildings
- Smart Streetlight
- Smart Gas and Water Metering
- Smart Waste Management
- Other Applications

End User Covered:
- Consumer Electronics
- Industrial Manufacturing
- Logistics and Transportation
- Oil and Gas
- Healthcare
- Agriculture
- Other End Users

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This release was published on openPR.