1 / 6

Low Power Wide Area Network Market Growth Projections to 2032

The global low power wide area network (LPWAN) market is slated to expand positively through 2032 owing to the surging initiatives taken by industry players for the development of LPWAN solutions.

gminsights
Download Presentation

Low Power Wide Area Network Market Growth Projections to 2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Low Power Wide Area Network Market to Grow at a 35% CAGR by 2032: Global Market Insights, Inc. Global Market Insights Inc.

  2. Overview of Low Power Wide Area Network Market • The global low power wide area network (LPWAN) market is slated to expand positively through 2032 owing to the surging initiatives taken by industry players for the development of LPWAN solutions. • The leading enterprises in LPWAN market place a strong emphasis on industry consortiums to boost technological know-how and promote industrial development. For instance, in January 2021, STMicroelectronics joined the ZETA Alliance, a commercial alliance specializing in LPWAN technologies. The company concentrated on developing technological know-how through this collaboration for low-power smart applications as well as supporting cutting-edge product innovations for long-range IoT connectivity. • The LPWAN market has been divided in terms of component, service, deployment model, application, end-use, and region. Global Market Insights Inc.

  3. Continue… • Based on component, the service segment is expected to grow exponentially over the review timeline due to the increasing requirement for businesses to manage their daily operations and secure their IT networks. • With respect to service, the professional service segment held a major chunk of the market share and captured 65% revenue share in 2022. The segment is projected to grow through the forecast timeframe as they aid firms with LPWAN optimization and planning. • In terms of the deployment model, the on-premise segment is poised to expand steadily by the end of 2032. The segmental growth is anticipated to rise as on-premise LPWAN enables companies to set up and administer their own LPWAN for IoT-based solutions. They are able to control every component of the network, including LORA gateways and network servers. • Based on application, the smart buildings segment is anticipated to record exponential growth with a 55% CAGR from 2023 to 2032. The rise in demand for LPWAN technologies to offer more energy-efficient connections in big, dense locations is expected to foster industry growth. LoRa technology is frequently utilized to provide IoT connectivity for smart buildings. Global Market Insights Inc.

  4. Continue… • With respect to end-use, the manufacturing segment is speculated to expand exceptionally through the analysis timeframe driven by the productivity and efficiency of IoT platforms. To balance supply and demand, improve industrial procedures, and save waste, smart processes are becoming increasingly important. • From the regional perspective, the Asia Pacific low power wide area network industry is estimated to witness 55% CAGR from 2023 to 2032. The region's LPWAN market is expanding because of the rise in smart city adoption, the development of Industry 4.0, and government initiatives for digital transformation. China has chosen 200 locations to test out smart city initiatives as part of its current smart city strategy. • Notable participants in the Low Power Wide Area Network market include: Orange Business Services, Sierra Wireless, Avnet, Inc., CONNIT, Huawei Technologies Co., Ltd., Link Labs, LORIOT.IO, Nwave, Sigfox, AT&T Inc., Ingenu Inc., and WavIoT Global Market Insights Inc.

  5. Browse Full Research Report On Low Power Wide Area Network Market@ https://bit.ly/3hG5nX0 Request for a sample of this research report @ https://bit.ly/3YCeatN Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

More Related