Low Power Wide Area Network Market Expected To Reach USD 25.4 Billion by 2026, at a CAGR of 52.9% | Top Key Players LORIOT, Semtech Corporation, NWave Technologies, WAVIoT

The Low Power Wide Area Network Market is expected to grow from USD 1.3 Billion in 2018 to USD 25.4 Billion by 2026, at a CAGR of 52.9% during the forecast period. Increasing usage long range connectivity between devices, increasing adoption of advanced technologies like, IoT and M2M, lesser power consumption, lesser technology cost, increasing demand for connectivity in various industries, rise of advanced technologies, such as smart cities and smart buildings, and emergence of smart and intelligent devices are some of the driving factors of the market.

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Companies considered and profiled in this market study

LORIOT (Switzerland), Semtech Corporation (California), NWave Technologies (London), WAVIoT (Texas), SIGFOX (France), Ingenu (San Diego), Link Labs (Maryland), Weightless SIG, and Senet, Inc. (Portsmouth), among others.

The issues faced by enterprises data security concerns, no governance of low power wide area network (LPWAN) services, increasing data traffic due to increasing internet usage and no LPWAN standards. These may be the major restraining factor for the low power wide area network market.

Players will require increased investments to tackle these restraints and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Low power wide area network market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

For the purpose of this report, the market has been segmented on the basis of transaction mode, payment nature, payment location, purchase type, Industry vertical industry vertical and regional analysis.

Technology Service Outlook (Revenue, USD Million; 2018-2026)
1. Managed Services
2. Professional Services

Network Deployment Outlook (Revenue, USD Million; 2018-2026)
1. Public Sector
2. Private Sector

End user application Outlook (Revenue, USD Million; 2018-2026)
1. Smart waste management
2. Smart buildings
3. Smart Gas and Water Metering
4. Smart Streetlights
5. Smart Parking
6. Livestock Monitoring
7. Others

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Industry vertical Outlook (Revenue, USD; 2018-2026)
1. Agriculture
2. Smart Logistic and Transportation
3. Healthcare
4. Industrial Manufacturing
5. Oil and Gas
6. Consumer Electronics
7. Others

Regional Outlook (Revenue, USD Million; 2018-2026)
1. North America
2. Europe
3. Asia Pacific
4. RoW

Further key findings from the report suggest

1. The Low power wide area network market is expected to grow from USD 1.3 billion in 2018 to USD 25.4 billion by 2026, at a CAGR of 52.9% during the forecast period.

2. The major contributing factors for the growth of the market for Low power wide area network can be increasing usage long range connectivity between devices, increasing adoption of advanced technologies like, IoT and M2M, lesser power consumption, lesser technology cost, increasing demand for connectivity in various industries, rise of advanced technologies, such as smart cities and smart buildings, and emergence of smart and intelligent devices.

3. The Low power wide area network market is segmented by technology service into managed services and professional services. Managed services mostly dominate the market with a market share of approximately USD 0.8 Billion in the base year, since they leverage partnerships with prime satellite and mobile networks to offer high-end managed services to end user application providers, system integrators, and end user clients.

4. The Low power wide area network market is segmented by network deployment into public sector and private sector. Public sector is to witness highest growth, at a CAGR of 53.1% in the forecast period, since it is used by government enterprises, for instance, municipal corporation focuses on developing their services such as, trash, parking, streetlights, water meters and leak detectors, and more.

5. The Low power wide area network market is segmented by end user application into smart waste management, smart buildings, smart gas and water metering, smart streetlights, smart parking, livestock monitoring and others. Smart gas and water metering dominates the market with a market share of approximately USD 0.14 Billion in the base year, since LPWAN helps the segment in greater standardization between different smart meter manufacturers and vendors.

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Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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