Low-Power Wide Area Networks Market by End-user and Geography - Forecast and Analysis 2021-2025

The low-power wide area networks market share is expected to increase by USD 109.76 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 58%.

This low-power wide area networks market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers low-power wide area networks market segmentations by end-user (agriculture and environment, smart buildings, consumer, utilities, and others) and geography (Europe, North America, APAC, South America, and MEA). The low-power wide area networks market report also offers information on several market vendors, including Actility SA, AT&T Inc., Bouygues Telecom, Huawei Investment & Holding Co. Ltd., Ingenu Inc., Link Labs Inc., Semtech Corp., Telefonica SA, Thales Group, and Vodafone Group Plc among others.

What will the Low-Power Wide Area Networks Market Size be During the Forecast Period?

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Low-Power Wide Area Networks Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The low cost and power consumption of LPWAN technology is notably driving the low-power wide area networks market growth, although factors such as privacy and security issues may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the low-power wide area networks industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Low-Power Wide Area Networks Market Driver

One of the key factors driving the low-power wide area networks market growth is the low cost and power consumption of LPWAN technology. LPWAN enables a wide range of M2M and IoT applications, which have constrained budgets and power limitations. The use of LPWAN technology reduces power requirements, provides a longer range, and lowers operational costs compared with a mobile network (2G, 3G, and 4G LTE). LPWAN data transfer rates are very low as well as has a lower power consumption in the case of connected devices. LPWAN provides connectivity for networks of devices.. These networks can also have more devices in a large coverage area than consumer mobile technologies. The LTE-M Cat 1 networks and devices available in 2016 could not compete with LPWAN in terms of cost or power consumption. Moreover, by 2018, LTE-M Cat 0 and Release 13 of LTE-M specifications were introduced. These, too, failed to compete with LPWAN in terms of cost or power consumption. Although their design can be further optimized, they cannot compete with a technology developed specifically for the application of data transfer. Therefore, LPWAN is a better technology for now and will drive the demand over the forecast period.

Key Low-Power Wide Area Networks Market Trend

Another key factor driving low-power wide area networks market growth is growing need for secure and compliant cloud solutions. Performing online operations in fields, including medical, retail, and finance, which have strict security standards require secure and compliant cloud solutions. As LPWAN deployment for the IoT matures, the success of any business, which has its presence in the world of connected devices, depends on the degree of digital trust consumers have in its business processes. Information privacy is vital. Nearly half of the digital consumers are cautious about their shared information due to lack of confidence in online security. Consumers tend to trust established telecom operators, commercial banks, and consumer electronics companies. Addressing the vulnerabilities of connected devices is crucial in an era that is likely to witness an introduction of around 25 billion IoT devices by 2019. In 2014, Etherios (a provider of cloud-based solutions) delivered the Device Cloud solution that simplifies the task of managing numerous connected devices. Device Cloud automatically recognizes a new firmware version or an unknown file that is uploaded to a device. It then prevents unknown changes on the network, using robust security tools available in the upgraded version of the universal profile manager.

Key Low-Power Wide Area Networks Market Challenge

Privacy and security issues is one of the key challenges hindering the low-power wide area networks market growth. LPWAN facilitates communication among supply chain players to promote easier management of inventory. It offers retailers a complete and innovative method of communication with clients, to enable effective shopping experience. However, if the number of interfaces linking the components is increased, the entire system becomes vulnerable to breaches. Overall, omnichannel retailing is significantly increasing cybersecurity risks for enterprises and consumers. With the advent of the IoT, the number of connected devices worldwide has increased significantly over the past few years. All Wi-Fi-enabled devices are now being operated using cloud technology, where privacy is one of the major concerns. Regarding smart homes, individuals focus on the security aspect while adopting any new technology. Public or unauthorized access to cloud information could lead to cyber threats and compromise the integrity of the entire system. Control measures, such as protecting multiple points of exposure, enhancing security visibility and policy enforcement, and addressing device-specific malware developed by cyber criminals can help reduce system vulnerability. It can also sustain an organized supply chain to make production plans based on consumer demands.

This low-power wide area networks market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global low-power wide area networks market as a part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the low-power wide area networks market during the forecast period.

Who are the Major Low-Power Wide Area Networks Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Actility SA
• AT&T Inc.
• Bouygues Telecom
• Huawei Investment & Holding Co. Ltd.
• Ingenu Inc.
• Link Labs Inc.
• Semtech Corp.
• Telefonica SA
• Thales Group
• Vodafone Group Plc

This statistical study of the low-power wide area networks market encompasses successful business strategies deployed by the key vendors. The low-power wide area networks market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• Actility SA - The company offers LoRAWAN which is A single gateway or base station can cover entire cities or hundreds of square kilometers. Range highly depends on the environment or obstructions in a given location, but LoRa and its MAC layer LoRaWAN, have a link budget greater than any other standardized communication technology. The link budget, typically given in decibels, is the primary factor in determining the range in a given environment.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The low-power wide area networks market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Low-Power Wide Area Networks Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the low-power wide area networks market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Low-Power Wide Area Networks Market?

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33% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for low-power wide area networks in Europe. Market growth in this region will be faster than the growth of the market in South America and MEA regions.

Increasing adoption of technology-based solutions among businesses, the demand for advanced LPWAN solutions is growing in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In Europe, the rising number of COVID-19 cases drastically impacted negatively on the demand for LPWAN solutions and services in the first half of 2020. Most smart cities, smart buildings, and manufacturing activities were halted because of the increasing prevalence of COVID-19, which led to a decline in demand for IoT devices. However, the governments of several countries lifted their lockdown restrictions in the third quarter of 2020, which led to the resumption of business operations of various end-user industries. This is expected to propel the demand for LPWAN in the region during the forecast period. Hence, the market in Europe is estimated to grow moderately during the forecast period.

What are the Revenue-generating End-user Segments in the Low-Power Wide Area Networks Market?

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The low-power wide area networks market share growth by the agriculture and environment will be significant during the forecast period. In the agricultural field, fishing and land monitoring and livestock tracking are certain mainstream activities. Environmental monitoring includes surveillance of noise, rain, wind, pollution, river flow speed, borehole, health hazard, and others.The agriculture and environment segment is expected to register significant growth during the forecast period. This is attributed to the employment of LPWAN, which is economical and effective in the sector. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the low-power wide area networks market size and actionable market insights on post COVID-19 impact on each segment.

 

Low-Power Wide Area Networks Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 58%
Market growth 2021-2025	$ 109.76 billion
Market structure	Fragmented
YoY growth (%)	36.34
Regional analysis	Europe, North America, APAC, South America, and MEA
Performing market contribution	Europe at 33%
Key consumer countries	US, Germany, China, UK, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Actility SA, AT&T Inc., Bouygues Telecom, Huawei Investment & Holding Co. Ltd., Ingenu Inc., Link Labs Inc., Semtech Corp., Telefonica SA, Thales Group, and Vodafone Group Plc
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Low-Power Wide Area Networks Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive low-power wide area networks market growth during the next five years
• Precise estimation of the low-power wide area networks market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the low-power wide area networks industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of low-power wide area networks market vendors

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