Press release
Low-Power Wide-Area Network (LPWAN) Market Size & Growth Analysis Report, 2022-2028
The global LPWAN market is anticipated to grow at a considerable CAGR of 22.3% during the forecast period (2022-2028).The LPWAN is a wireless telecommunication wide area network that is used for communicating in long-range at a low bit rate among the connected devices. The major factor attributing to the growth of the global LPWAN market includes its increasing application in the growing logistics and transportation industry. According to the Worldbank Data, around 20% of global greenhouse gas (GHG) emission is contributed by domestic and international logistics and transportation. Around 1 billion people are still living more than 2 KM away from all-weather roads resulting in the expansion of the logistics and transportation industry and are estimated to reach 60% contribution to GHG emission by the year 2050.
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A full report of Global Low-Power Wide-Area Network (LPWAN) Market is available at: https://orionmarketreports.com/low-power-wide-area-network-lpwan-market-2/108496/
The application of the LPWAN is also increasing for smart parking due to the benefits provided by smart parking that uses LPWAN due to several benefits, including optimization of parking, reduction in traffic, reduction in pollution levels, enhancement in user experience, integrated payment options, real-time data monitoring, and decreased management costs, among others. Thus, contributing to the growth of the LPWAN market.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, Dhyan, a device management company partnered with Senet, a cloud-based software and service platforms provider for on-demand built-out of internet of things (IoT) networks. This partnership is aimed at providing smart street lighting solutions for cities and utilities. The new smart street lighting solutions will be powered by LoRaWAN, a type of LPWAN by Senet. Similarly, in March 2022, Cisco Systems Inc. announced that it is going to support mass IoT by upgrading Cisco IoT Control Center with a secure package for lower complexity. This upgrade is aimed at providing a simple way for customers in managing LPWAN/4G/5G connectivity.
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 Verticals
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Semtech Corp., Loriot AG, NWave, Actility SA, and Senet, among others.
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 has 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 players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global LPWAN Market Report by Segment
By Technology
• SIGFOX
• LoRaWAN
• Weightless
• Others
By Application
• Smart Gas & Water Metering
• Smart Parking
• Livestock Monitoring
• Smart Streetlights
• Others
By Verticals
• Agriculture
• Smart Logistics & Transportation
• Healthcare
• Industrial Manufacturing
• Oil & Gas
• Consumer Electronics
• Others
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About Us:
Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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