Update News: Low Power Wide Area Network Market To Reach USD 327.6 Billion By 2027 | CAGR 74.6% — Forencis Research

  • According to the new market research report “Low Power Wide Area Network Market by Technology (SigFox, Weightless, LoRaWAN, ZigBee, Ingenu, and Others), by Deployment (Public Network and Private Network), by Application Type (Smart Metering, Smart Cities, Asset Monitoring, Smart Lighting, Smart Buildings, Energy Management, and Others), by End-User (Healthcare, Logistics and Transportation, Agriculture, Manufacturing, Oil and Gas, and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2020 to 2027)”, the global Low Power Wide Area Network Market is estimated to reach USD 324.6 Billion by 2027 at a CAGR of around 74.6% during the review period.
  • The expanding usage in service of telecommunication sector of services such as wired broadband internet television broadcasters as well as telecommunications services which will lead to increase in demand for the LPWAN in the market.
  • However, security concern of data issues remain a major challenging factor for the growth of the low power wide area network market
  • The increasing demand for IoT technology to enhance the less power consumptions results in rise of the market growth which is projected to boost the growth of the market in the forecast period.
  • Due to rising security concern increase the data traffic acts as barrier in the growth of LPWAN market in the forecast period.
  • The 5G technology which is expected to be commercialized at the higher level is likely to support a wide array of features and the existing usages of LPWAN, thus can boost the growth of the market.
  • The 4G technology in terms of low cost, network capacity, network efficiency, and end-to-end delay, is projected to enhance the usage of LWPAN. Hence, it is predicted to create a positive impact on the market’s growth.
  • Asia-Pacific
  • Europe
  • Loriot AG:
  • Semtech Corporation:

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DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

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