Key Influencer in the Low-Power Wide-Area Network (LPWAN) Market 2025: Smart Meter Expansion Fuels Growth Of LPWAN Market Driver

What Is the Forecasted Market Size and Growth Rate for the Low-Power Wide-Area Network (LPWAN) Market?_x000D_
In recent times, there has been an enormous growth in the market size of the low-power wide-area network (LPWAN). This market will continue to climb from $17.09 billion in 2024 to $27.74 billion in 2025, marking a compound annual growth rate (CAGR) of 62.3%. The historical growth has been fueled by several factors including enhanced demand for IoT connectivity, rising need for long-range networks that are cost-effective, amplified use in industrial automation, spike in smart agriculture applications, enlarged battery life, escalated usage in smart city projects, and the evolution of business models._x000D_
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In the coming years, the market size of low-power wide-area network (LPWAN) is anticipated to witness massive growth, escalating to $190.96 billion in 2029 at a compound annual growth rate (CAGR) of 62.0%. This predicted expansion during the forecast period is attributed to the surge in the adoption of smart agriculture, widening uses in industrial scenarios, growing necessity for long-distance connectivity, the rise of innovative LPWAN business models, increasing requirement for smart city infrastructure, and an escalating focus on environmental monitoring and sustainability applications. Key trends during the forecast period includes growing use in IoT applications, advancements in LPWAN technologies, increasing demand for long-distance, low-energy connectivity solutions, integration with 5G networks, and enhancements in battery technology._x000D_
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What Key Elements Are Boosting Growth in the Low-Power Wide-Area Network (LPWAN) Market?_x000D_
The upward trend in adoption of smart meters is predicted to accelerate the expansion of the low-power wide-area network (LPWAN) market. As a device that measures and registers electricity or gas used in residential and commercial buildings, the uptake of smart meters has been growing due to their precise energy tracking, simplified billing processes, and advanced energy management abilities, benefitting both consumers and utility providers. LPWAN technologies elevate the effectiveness and operational prowess of smart meters by offering trustworthy, long-range, low-energy, and economically viable communication solutions. These features facilitate superior data handling, operational efficiency, and scalability in smart metering systems; elements vital for contemporary energy management and utility offerings. For example, as per the Smart Meter Statistics curated by the UK Statistics Authority in March 2024, energy suppliers in Great Britain set up 201,800 smart and advanced meters at smaller non-domestic locations in 2023, indicating a 39% rise compared to 2022. Hence, the surge in smart meters is bolstering the expansion of the low-power wide-area network (LPWAN) market._x000D_
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Which Businesses Are at the Forefront of Low-Power Wide-Area Network (LPWAN) Market Development?_x000D_
Major companies operating in the low-power wide-area network (LPWAN) market are Verizon Communications Inc., Comcast Corporation, AT&T Inc., Huawei Technologies Co. Ltd., Vodafone Group Plc, Cisco Systems Inc., Bouygues S.A, Qualcomm Technologies Inc., Avnet Inc., NXP Semiconductors N.V., Swisscom AG, Orange Business, Tata Communications, Semtech Corporation, Sigfox, Kerlink, Eseye, Ingenu Inc., Actility S.A., Senet Inc, WavIoT, Link Labs, LORIOT AG, Nwave, Everynet_x000D_
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What Are the Latest Innovations in the Low-Power Wide-Area Network (LPWAN) Market?_x000D_
Key businesses in the low-power wide-area network (LPWAN) sector are concentrating their efforts on creating new solutions like the SaaS chip-to-cloud service to augment the efficiency, scalability, and integration potential of Internet of Things (IoT) applications. The concept of SaaS (Software as a Service) chip-to-cloud service encompasses an all-inclusive solution that combines hardware (the chip) with cloud services via a controlled platform. This amalgamation simplifies the process of data collection, handling, storage and interpretation from IoT apparatuses. For instance, Semtech Corporation, an American semiconductor producing firm, introduced the LoRa Cloud Locator, a SaaS chip-to-cloud service, in June 2022. LoRa Cloud Locator manifests as a cloud service featuring LoRa Edge, a platform for ultra-low-power chip-to-cloud geolocation. This platform allows users to efficiently design both indoor and outdoor tracking systems using LoRa Edge ICs by transferring location computations to the cloud. The outcome is less power usage and decreased expenses compared to conventional on-chip GNSS methods. Additionally, the service allows asset tracking both inside and outside using LoRa Edge-powered trackers, and it can be augmented with GNSS and Wi-Fi for accurate location tracking._x000D_
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How Is the Low-Power Wide-Area Network (LPWAN) Market Segmented?_x000D_
The low-power wide-area network (LPWAN) market covered in this report is segmented -_x000D_
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1) By Component: Platform, Service_x000D_
2) By Technology Type: SIGFOX, Long Range Wide Area Network (LoRaWAN), Weightless, Other Technologies_x000D_
3) By Deployment Model: On-Premise, Cloud_x000D_
4) By Application: Smart Gas And Water Metering, Asset Tracking, Smart Buildings, Smart Parking, Precision Agriculture, Smart Waste Management, Livestock Monitoring, Other Applications_x000D_
5) By End-User: Healthcare, Agriculture, Logistics And Transportation, Manufacturing, Government, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Platform: Network Management, Device Management, Application Enablement_x000D_
2) By Service: Professional Services, Consulting, Deployment And Integration, Support And Maintenance, Managed Services_x000D_
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Where Is the Low-Power Wide-Area Network (LPWAN) Market Growth Most Prominent?_x000D_
North America was the largest region in the low-power wide area network (LPWAN) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the low-power wide-area network (LPWAN) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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What Is Covered In The Low-Power Wide-Area Network (LPWAN) Global Market Report?_x000D_
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- Market Size Analysis: Analyze the Low-Power Wide-Area Network (LPWAN) Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Low-Power Wide-Area Network (LPWAN) Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Low-Power Wide-Area Network (LPWAN) Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Low-Power Wide-Area Network (LPWAN) Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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