Steady Expansion Forecast for Low-Power Wide-Area Network (LPWAN) Market, Projected to Reach $190.96 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Low-Power Wide-Area Network (LPWAN) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the low-power wide-area network (LPWAN) has seen rapid growth in recent years. Projected to expand from $17.09 billion in 2024 to $27.74 billion in 2025, it represents a compound annual growth rate (CAGR) of 62.3%. The substantial growth during the historic period is related to a surge in demand for IoT connectivity, a rise in the need for cost-effective and extensive range networks, an increase in industrial automation, greater uptake in smart agricultural applications, improved battery life, more usage in smart city projects, and an evolution in business models.

Low-Power Wide-Area Network (LPWAN) Market Size Forecast: What's the Projected Valuation by 2029?
The market for low-power wide-area network (LPWAN) is projected to experience remarkable growth in the coming years, expected to reach a value of $190.96 billion in 2029, with a 62.0% compound annual growth rate (CAGR). The expansion during the forecast period can be attributed to factors such as the growing application of smart agriculture, the widening scope in industrial use, the escalating demand for extended range connectivity, the surge in innovative business models pertaining to LPWAN, the escalating requirement for smart city infrastructures, and a heightened focus on applications related to environmental monitoring and sustainability. Predominant trends over the forecast tenure include a surge in adoption in IoT applications, advancements in LPWAN technologies, an increase in demand for long-range, low-power connectivity solutions, integration with 5G networks, and progress in battery technology.

View the full report here:
https://www.thebusinessresearchcompany.com/report/low-power-wide-area-network-lpwan-global-market-report

What Are the Drivers Transforming the Low-Power Wide-Area Network (LPWAN) Market?
The burgeoning use of smart meters is anticipated to boost the expansion of the low-power wide-area network (LPWAN) market. Smart meters are devices that monitor and record the consumption of electricity or gas in residential and commercial settings. Their precise energy tracking, streamlined billing, and superior energy management capacities are causing a surge in their application among consumers and utilities. LPWAN technologies notably augment the performance and productivity of smart meters through their dependable, extensive range, low-power, and cost-efficient communication solutions. These attributes facilitate improved data handling, operational effectiveness, and scalability in the systems for smart metering, which are fundamentally important for contemporary energy management and utility services. For instance, the Smart Meter Statistics by the UK Statistics Authority, a government department in the UK that ensures adherence to a national code for official statistics, stated in March 2024 that energy suppliers in Great Britain installed 201,800 smart and advanced meters at smaller non-domestic sites in 2023. This marked a 39% rise from 2022. Hence, the upsurge in smart meters is fueling the growth of the low-power wide-area network (LPWAN) market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16470&type=smp

What Long-Term Trends Will Define the Future of the Low-Power Wide-Area Network (LPWAN) Market?
Leading firms involved in the low-power wide-area network (LPWAN) marketplace are prioritizing the creation of pioneering solutions such as the SaaS chip-to-cloud service, aimed at boosting the efficiency, scalability, and integration of IoT applications. The SaaS chip-to-cloud service is a comprehensive solution that connects physical hardware (the chip) with cloud-based services via a managed platform, facilitating smooth data gathering, processing, storage, and analysis for IoT devices. A case in point is the June 2022 launch of the LoRa Cloud Locator by Semtech Corporation, an American semiconductor manufacturer. The LoRa Cloud Locator is a representation of LoRa Edge, a chip-to-cloud platform with ultra-low power consumption for geolocation. It provides a platform for users to quickly create indoor and outdoor tracking systems with LoRa Edge ICs, by shifting location calculations to the cloud. This leads to decreased power use and cost savings compared to conventional on-chip GNSS techniques. The service supports user tracking of assets both inside and outside with the aid of LoRa Edge-powered trackers, which can be merged with GNSS and Wi-Fi for accurate location tracking.

Which Segments in the Low-Power Wide-Area Network (LPWAN) Market Offer the Most Profit Potential?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=16470&type=smp

Which Firms Dominate the Low-Power Wide-Area Network (LPWAN) Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Low-Power Wide-Area Network (LPWAN) Market?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16470

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.