Latest News- Low-Power Wide Area Networks Market: NB-IoT is expected to lead the Technology segment during 2025-2029

The Low-Power Wide Area Networks Market is being driven by Rising adoption of IoT devices

The Low-Power Wide Area Networks Market is expected to grow at a CAGR of 60.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 149529.5 million. The low-power wide area networks (LPWAN) market is undergoing a significant transformation through its integration with fifth-generation (5G) mobile networks and edge computing technologies. This convergence is revolutionizing the Internet of Things (IoT) connectivity landscape by combining the energy efficiency and long-range capabilities of LPWAN with the enhanced reliability, lower latency, and massive machine-type communications (mMTC) support of 5G. Technologies such as Narrowband IoT (NB-IoT) and LTE for Machines (LTE-M) are being optimized to operate within 5G environments, enabling ultra-dense device deployments and supporting use cases that demand both wide-area coverage and near real-time responsiveness. Applications, including smart factory automation and connected vehicle infrastructure, are reaping the benefits of this hybrid architecture. This structural shift is poised to drive growth in the LPWAN market, particularly in industries that require large-scale, low-power IoT deployments. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • NB-IoT
  • LTE-M
  • LoRa
  • Sigfox
• Connectivity
  • Cellular
  • Non-cellular
• End-user
  • Smart buildings
  • Agriculture
  • Utilities
  • Industrial manufacturing
  • Others
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising adoption of IoT devices
• Growing demand for energy-efficient and cost-effective connectivity solutions
• Growth of smart cities and infrastructure

However, the market also witnesses some limitations, which are as follows:

• Spectrum and regulatory constraints
• Limited data rates and latency constraints
• Security and privacy vulnerabilities

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Market Scope in Low-Power Wide Area Networks Market Research Report

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Research Analysis Overview

The Low-Power Wide Area Networks (LPWANs) market encompasses various technologies and applications. Key components include proprietary protocols and open-source platforms, network simulators, and deployment strategies for cost optimization. Interoperability standards ensure connectivity, while spectrum allocation and power management ICs enhance efficiency. Energy harvesting, data visualization, and interpretation are crucial for real-time monitoring and alerting systems. Remote control, firmware updates, security certifications, and privacy regulations ensure reliability and security. Applications span from smart metering and grids, precision agriculture, building automation, healthcare, logistics optimization, fleet management, traffic monitoring, environmental sensors, air and water quality monitoring, soil moisture sensors, GPS tracking, and Bluetooth Low Energy.

Market Research Overview

The Low-Power Wide Area Networks (LPWAN) market is a significant segment of the larger global communications equipment market. This market encompasses the production and sales of LPWAN gateways, wireless sensors, data analytics platforms, cloud connectivity, and network coverage solutions. According to Technavio, the communications equipment market size is determined by the revenue generated from the sale of communication equipment, broadcasting equipment, telecommunication equipment, and infrastructure investments. Key drivers for market expansion include the increasing number of data centers, necessitating advanced communication systems for efficient data transfer and management. LPWAN technology, with its long-range, low-power capabilities, is particularly well-positioned to meet this demand.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/