Low Power Wide Area (LPWA) Network Market Report Forecast to 2027

Low Power Wide Area (LPWA) Network Market is projected to grow up to USD 27 billion by 2027 growing at a CAGR of 91% during the forecasting period 2021-2027.

IoT has slowly crept into our daily lives. We are increasingly surrounded by machines and objects that are connected to communication networks and send and receive data to perform various activities. We live in a world where cameras and sensors send data of various types, such as traffic conditions in different sections of a city, pollution levels in the atmosphere, and the geolocation of shared-use scooters and bicycles that have flooded our streets.

The increased adoption of machine-to-machine communication, as well as the reduced costs associated with its system, are predicted to drive industry demand for low-power wide-area networks. Another key element contributing to the positive growth of the low power wide area network market is the integration of low power wide area networks with the internet of things. Furthermore, it provides applications with long battery life and low data rates. The main restrictions to the expansion of the low-power wide-area network market are a lack of control and security concerns. The phenomenal expansion of the LPWAN business is increasingly being driven by large-scale rollouts in various parts of the world. The demand for financial analytics systems is increasing as a result of the introduction of cloud-based technology.

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The Low Power Wide Area (LPWA) Network Market report has been categorized as below

By Connectivity Technologies

• SIGFOX

• LoRaWAN

• Weightless

• Other

By Technology Services

• Managed Services

• Professional Services

By  Network Deployments

• Public Sector

• Private Sector

By Applications

• Smart Waste Management

• Smart Buildings

• Smart Gas and Water Metering

• Smart Streetlights

• Smart Parking

• Livestock Monitoring

• Others

By Verticals

• Agriculture 

• Smart Logistic and Transportation

• Healthcare

• Industrial Manufacturing

• Oil and Gas

• Consumer Electronics

• Others

By Region

• North America

• Europe

• Asia Pacific

• Rest of World

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