Evolving Market Trends In The Low-Power Wide-Area Network (LPWAN) Industry: Technological Advancements And Cloud Services Transforming The LPWAN Market

The Low-Power Wide-Area Network (LPWAN) Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Low-Power Wide-Area Network (LPWAN) Market Size During the Forecast Period?
The low-power wide-area network (LPWAN) market is experiencing exponential growth, projected to increase from $17.09 billion in 2024 to $27.74 billion in 2025, at an impressive CAGR of 62.3%. This growth is driven by the rising demand for IoT connectivity, cost-effective and long-range networks, industrial automation, applications in smart agriculture and smart cities, increased battery life, and new business models.

The low-power wide-area network (LPWAN) market is expected to grow exponentially, reaching $190.96 billion by 2029 at a CAGR of 62.0%. The growth is attributed to the rise of smart agriculture, expanding industrial applications, demand for long-range connectivity, innovative LPWAN business models, and growing smart city infrastructure. Trends include increased IoT adoption, LPWAN technology advancements, demand for low-power, long-range connectivity, integration with 5G networks, and innovations in battery technology.

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What Are the High-Growth Segments in the Low-Power Wide-Area Network (LPWAN) Market?
The low-power wide-area network (LPWAN) market covered in this report is segmented -

1) By Component: Platform, Service
2) By Technology Type: SIGFOX, Long Range Wide Area Network (LoRaWAN), Weightless, Other Technologies
3) By Deployment Model: On-Premise, Cloud
4) By Application: Smart Gas And Water Metering, Asset Tracking, Smart Buildings, Smart Parking, Precision Agriculture, Smart Waste Management, Livestock Monitoring, Other Applications
5) By End-User: Healthcare, Agriculture, Logistics And Transportation, Manufacturing, Government, Other End-Users

Subsegments:
1) By Platform: Network Management, Device Management, Application Enablement
2) By Service: Professional Services, Consulting, Deployment And Integration, Support And Maintenance, Managed Services

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What Key Drivers Are Expected to Influence Future Low-Power Wide-Area Network (LPWAN) Market Growth?
The rising adoption of smart meters is expected to drive the growth of the low-power wide-area network (LPWAN) market. As smart meters become more common for tracking energy consumption, LPWAN technologies provide the necessary communication infrastructure to support these devices. These technologies offer reliable, long-range, low-power, and cost-effective solutions for data management, operational efficiency, and scalability in smart metering systems. According to the UK Statistics Authority, smart meter installations in Great Britain saw a 39% increase in 2023 compared to 2022, highlighting the growing market for LPWAN solutions.

Which Companies Hold the Largest Share Across Different Low-Power Wide-Area Network (LPWAN) Market Segments?
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

What Trends Are Expected to Dominate the Low-Power Wide-Area Network (LPWAN) Market in the Next 5 Years?
Leading businesses in the low-power wide-area network (LPWAN) industry are honing in on the creation of novel solutions such as SaaS chip-to-cloud services in order to boost the efficiency, scalability, and integration potential of IoT applications. Essentially, SaaS (Software as a Service) chip-to-cloud service is a holistic approach that links hardware (the chip) with cloud services via a managed platform. This integration facilitates smooth gathering, processing, storing, and analysis of data from IoT devices. For example, Semtech Corporation, a semiconductor manufacturing company based in the US, rolled out the LoRa Cloud Locator, a SaaS chip-to-cloud service, in June 2022. The LoRa Cloud Locator is a cloud service which exhibits LoRa Edge, a chip-to-cloud, super low-power geolocation platform. It allows users to rapidly build programming systems for indoor and outdoor tracking using LoRa Edge ICs by relocating locational computations to the cloud. This leads to reduced power usage and lower costs compared to conventional on-chip GNSS methods. The service equips users to monitor assets both indoors and outdoors using LoRa Edge-enabled trackers, which can be paired with GNSS and Wi-Fi for highly accurate location tracking.

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What Are the Emerging Geographies for The Low-Power Wide-Area Network (LPWAN) Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Low-Power Wide-Area Network (LPWAN) Market?
2. What is the CAGR expected in the Low-Power Wide-Area Network (LPWAN) Market?
3. What Are the Key Innovations Transforming the Low-Power Wide-Area Network (LPWAN) Industry?
4. Which Region Is Leading the Low-Power Wide-Area Network (LPWAN) Market?

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