Dublin, April 09, 2024 (GLOBE NEWSWIRE) -- The "Low Power Wide Area Network - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Low Power Wide Area Network Market to Reach $736.5 Billion by 2030
The global market for Low Power Wide Area Network estimated at US$50.9 Billion in the year 2023, is projected to reach a revised size of US$736.5 Billion by 2030, growing at a CAGR of 39.7% over the analysis period 2023-2030.
The report on Low Power Wide Area Network (LPWAN) provides a comprehensive overview of this technology, starting with an introduction to its fundamentals. It offers insights into the global market prospects and outlook for LPWAN, analyzing its various components and verticals.
LPWAN Platform, one of the segments analyzed in the report, is projected to record 37.8% CAGR and reach US$424.9 Billion by the end of the analysis period. Growth in the LPWAN Services segment is estimated at 42.7% CAGR for the next 8-year period.
In terms of competition, it presents the global key competitors' percentage market share in 2023 and assesses the competitive market presence of players worldwide, categorizing them as strong, active, niche, or trivial. Furthermore, recent market activity and select innovations in the LPWAN space are discussed, providing stakeholders with valuable insights into the evolving landscape of this technology sector.
The U.S. Market is Estimated at $13.2 Billion, While China is Forecast to Grow at 47.7% CAGR
Additionally, the report includes a regional analysis to highlight key market trends and dynamics across different geographical areas. The Low Power Wide Area Network market in the U.S. is estimated at US$13.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$161.3 Billion by the year 2030 trailing a CAGR of 47.7% over the analysis period 2023 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.2% and 38.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 34.2% CAGR.
Exciting New Report Features
- Full access to influencer engagement stats
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Low Power Wide Area Network - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- An Introduction to Low Power Wide Area Network
- Global Market Prospects & Outlook
- Analysis by Component
- Analysis by Vertical
- Regional Analysis
- Competitive Scenario
- Recent Market Activity
- Select Innovations
MARKET TRENDS & DRIVERS
- 5G to Steer Future Growth of LPWAN
- LPWAN Strengthens M2M Communication Networks
- Breakdown of Network Latency (in Milliseconds) by Network Type
- LPWAN Amplifies the Capabilities of IoT Networks
- Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
- IoT Big Data Generated by Connected Devices Worldwide (In Zettabytes) for the Years 2018 & 2025
- Industrial IoT Widens the Addressable Market for LPWAN
- Rapidly Evolving Role of Industrial IoT in Industry 4.0 Environments Augurs Well
- AMI: A High-Potential Application Market
- Global Smart Grid Market Opportunity (In US$ Billion) for Years 2021, 2023 & 2024
- Global IoT in Energy Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2026
- Growing Emphasis on Smart Cities Favors Growth
- Global Smart Cities Opportunity (In US$ Billion) for Years 2021, 2024, 2027
- Market to Benefit from Growing Uptake in Diverse Environments
- LPWAN Strengthens Capabilities of Municipal & Enterprise IoT Infrastructure
- NB-IoT & LTE-M Facilitate Increased LPWA IoT Implementations
- NB-IoT to Transform Smart Parking Systems
- LoRa Devices Lead IoT Adoption
FOCUS ON SELECT PLAYERS(Total 60 Featured)
- Huawei Technologies Co., Ltd.
- AT&T, Inc.
- Avnet, Inc.
- Ingenu, Inc.
- Actility
- ARISTOTLE Design
- EasyLinkin
- eleven-x
- IoT-Shops.com
- IoTize SAS
- Citility
- Eden Worth Pty Ltd
- ffly4u
- IoT Venture
- Danalto
For more information about this report visit https://www.researchandmarkets.com/r/jg82b6
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