Low power wide area network (LPWAN) market to Witness Steady Growth by 2027

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Low power wide area network (LPWAN) market -
Trends Analysis and Growth Opportunities to 2027

• The low power wide area network (LPWAN) market is
  touted to depict lucrative growth over the
  ensuing years, owing to a surge in collaborative
  strategies by key industry participants.
  Considering an instance, in January 2021,
  Adafruit, an open source hardware developer,
  added combined support for Heliums P2P low power
  network (LPWAN) for IoT applications. The
  pre-built integration advances the process of
  development for Adafruit users so that they could
  commence the deployment of what Helium claims is
  the largest, public IoT network at the global
  level.
• According to Heliums Dal Gemmell, the company is
  a big fan of Adafruit and is thrilled to
  underscore the latest Helium Console pre-built
  integration for Adafruits IO platform. Such
  advancements are expected to drive industry
  demand over the analysis period. On this note,
  the low power wide area network (LPWAN) market
  size is estimated to surpass USD 80 million by
  2027, cites the latest research by Global Market
  Insights, Inc.

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• This growth is attributed to the rising demand
  for LPWAN devices and technology services and
  solutions for smart parking applications. Smart
  parking enabled by LPWAN technologies, comprising
  NB-IoT and LTE-M, facilitates cities in the
  efficient management of parking assets. The
  NB-IoT technology is gaining traction in smart
  parking applications as it provides a wide area
  coverage and supports long-battery life, allowing
  sensors to be placed in any location.

• Furthermore, numerous businesses are focusing on
  the development of advanced solutions that are
  based on the use of low power wide area network
  in IoT connectivity. Citing an instance, in
  January 2019, a Thales Group company, Gemalto,
  rolled out Cinterion IoT Modules powered by the
  9205 IoT modems of Qualcomm. The roll-out
  assisted the organization to cater to the
  increasing enterprise demand for NB-IoT
  connectivity.

• The consumer electronics are poised to account
  for more than 10 per cent of the low power wide
  area network industry market share through 2027.
  This escalation is ascribed to a surge in the
  adoption of smart electronic products comprising
  smart home automation systems, smart
  refrigerators, security alarms, and fitness
  trackers.

• On the whole, a rising number of favorable
  government initiatives for backing the adoption
  of IoT devices will boost LPWAN market growth
  over the estimated period.

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Rights Reserved
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• Regional Analysis

• The Europe low power wide area network market
  size is anticipated to account for 20 per cent of
  the overall industry revenue through 2027. A rise
  in the adoption of smart cities and increasing
  government support for smart manufacturing and
  digital transformation are expected to bolster
  industry demand in the region.

• Competitive Analysis

• Key players operating in the market are
  Actility, ATT Inc., Avnet, Inc., Cisco Systems,
  Inc., CONNIT, Huawei Technologies Co. Ltd.,
  Ingenu Inc.., Kerlink, Link labs, LORIOT.IO,
  Nwave, Orange Business Services, Qualcomm
  Technologies, Inc., Semtech Corporation, Senet,
  Inc., Sierra Wireless, Sigfox, Verizon
  Communications Inc., Vodafone Group Plc, and
  WavIoT,

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