Press release
Low-Power Wide-Area Network (LPWAN) Industry is Expected to Reach US$ 384.5 billion by 2031 - Semtech Corporation, Sigfox, Huawei Technologies Co. Ltd, Ingenu Inc., Cisco Systems Inc.
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The Low-Power Wide-Area Network (LPWAN) market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
A Low-Power Wide-Area Network (LPWAN) is a wireless technology designed for long-range communication between low-power devices, such as IoT sensors, over large geographic areas. LPWANs are characterized by their ability to operate with minimal power consumption, allowing connected devices to have extended battery life. They support low data rates suitable for applications like smart city infrastructure, environmental monitoring, and asset tracking. LPWAN technologies like LoRaWAN, Sigfox, and NB-IoT provide cost-effective solutions for connecting numerous IoT devices, particularly in remote or challenging environments where traditional networks are impractical.
Forecast Growth Projected:
The Global Low-Power Wide-Area Network (LPWAN) Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Low-Power Wide-Area Network (LPWAN) Market:
Semtech Corporation, Sigfox, Huawei Technologies Co. Ltd, Ingenu Inc., Cisco Systems Inc., Actility, Vodafone Limited, WAVIoT, LoRa Alliance and Loriot AG.
Segment Covered in the Low-Power Wide-Area Network (LPWAN) Market:
By Service: Professional Service, Managed Service.
By Connectivity Technologies: SIGFOX, NB-IOT, LTE-M, LoRaWAN, Weightless, Others.
By Deployment Model: On-Premise, Cloud.
By Application: Smart Waste Management, Smart Buildings, Smart Gas and Water Metering, Smart Street Lights, Smart Parking, Livestock Monitoring, Others.
By End-User: Healthcare, Agriculture, Logistics and Transportation, Manufacturing, Utilities, Consumer Electronics, Government and Public Sector, Others.
Regional Analysis:
The global Low-Power Wide-Area Network (LPWAN) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Low-Power Wide-Area Network (LPWAN) Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Low-Power Wide-Area Network (LPWAN) Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Low-Power Wide-Area Network (LPWAN) manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Low-Power Wide-Area Network (LPWAN) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How big is the Low-Power Wide-Area Network (LPWAN) Market?
The Low-Power Wide-Area Network (LPWAN) Market size was USD 12.4 billion in 2023. It is expected to reach USD 384.5 billion by 2031.
How fast is the Low-Power Wide-Area Network (LPWAN) Market growing?
The Low-Power Wide-Area Network (LPWAN) Market will exhibit a CAGR of 53.7% during the forecast period, 2024-2031.
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