Global Low-power Wide Area Networks Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Services;

Managed Services, and Professional Services.

By Technology;

SIGFOX, Weightless, LoRaWAN, and Others.

By Deployment;

Public Sector, and Private Sector.

By Industry;

Smart Buildings, Agriculture and Environment, Consumer, Utilities, Logistics, Smart Cities, and Industrial Sector.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn618696138 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Low-power Wide Area Networks Market (USD Million), 2021 - 2031

In the year 2024, the Global Low-power Wide Area Networks Market was valued at USD 166,026.69 million. The size of this market is expected to increase to USD 14,515,691.96 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 89.4%.

The Global Low-power Wide Area Networks (LPWAN) Market is witnessing rapid growth as the demand for energy-efficient, long-range communication technologies continues to rise across various industries. LPWANs are designed to support Internet of Things (IoT) applications that require low power consumption, wide coverage, and cost-effective data transmission. Unlike traditional cellular networks, LPWAN technologies such as LoRaWAN, NB-IoT, Sigfox, and Weightless provide connectivity solutions for devices that need to operate for years on small batteries while transmitting small amounts of data over long distances. This has made LPWAN an essential enabler of IoT applications in industries like smart cities, agriculture, logistics, healthcare, and industrial automation.

The increasing adoption of IoT devices and smart applications is one of the primary drivers of the LPWAN market. Governments and enterprises worldwide are investing in IoT infrastructure to enhance efficiency, reduce operational costs, and improve decision-making capabilities. LPWAN technologies are particularly beneficial in scenarios where traditional wireless solutions, such as Wi-Fi and Bluetooth, are insufficient due to their limited range and high power consumption. Moreover, the development of smart meters, asset tracking solutions, and environmental monitoring systems has further fueled the demand for LPWAN networks, creating new opportunities for market growth.

Despite its strong growth prospects, the LPWAN market faces several challenges, including interoperability issues, regulatory constraints, and competition from established cellular technologies like 5G and LTE-M. While LPWAN is highly efficient for low-data-rate applications, it may not be suitable for high-bandwidth use cases, which could limit its adoption in certain sectors. Additionally, different LPWAN protocols have varying network architectures and capabilities, leading to fragmentation in the market. Standardization efforts and collaborations between network providers and technology vendors are crucial to overcoming these challenges and ensuring seamless global deployment.

Looking ahead, the LPWAN market is expected to experience continued expansion, driven by advancements in network technology, the rollout of smart infrastructure projects, and the increasing penetration of IoT applications in emerging markets. Companies are focusing on enhancing network reliability, reducing costs, and integrating LPWAN with complementary technologies like artificial intelligence (AI) and edge computing to improve performance. As LPWAN continues to evolve, its role in transforming industries and enabling a more connected world will become even more significant, making it a key component of the future IoT ecosystem.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Services
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Deployment
    4. Market Snapshot, By Industry
    5. Market Snapshot, By Region
  4. Global Low-power Wide Area Networks Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Adoption of IoT and Smart Devices
        2. Growing Demand for Cost-Effective and Energy-Efficient Connectivity
        3. Expanding Smart City Initiatives
      2. Restraints
        1. Security and Privacy Concerns
        2. Limited Data Transmission Rates Compared to Other Networks
        3. High Initial Deployment Costs
      3. Opportunities
        1. Rising Investments in LPWAN Technologies
        2. Expansion of Industrial IoT (IIoT) Applications
        3. Emergence of 5G and Hybrid Network Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Low-power Wide Area Networks Market, By Services, 2021 - 2031 (USD Million)
      1. Managed Services
      2. Professional Services
    2. Global Low-power Wide Area Networks Market, By Technology, 2021 - 2031 (USD Million)
      1. SIGFOX
      2. Weightless
      3. LoRaWAN
      4. Others
    3. Global Low-power Wide Area Networks Market, By Deployment, 2021 - 2031 (USD Million)
      1. Public Sector
      2. Private Sector
    4. Global Low-power Wide Area Networks Market, By Industry, 2021 - 2031 (USD Million)
      1. Smart Buildings
      2. Agriculture and Environment
      3. Consumer
      4. Utilities
      5. Logistics
      6. Smart Cities
      7. Industrial Sector
    5. Global Low-power Wide Area Networks Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Semtech Corporation
      2. Sigfox
      3. Actility
      4. Link Labs, Inc.
      5. Senet, Inc.
      6. Nwave Technologies
      7. Loriot
      8. Weightless SIG
      9. Waviot
      10. Ingenu
      11. AT&T Inc.
      12. Huawei Technologies Co. Ltd.
      13. Link Labs Inc.
      14. Qualcomm Inc.
      15. Telefonica SA
      16. Vodafone Group Plc.
      17. Cisco Systems
      18. Bouygues Telecom
      19. ZTE Corporation
      20. Haystack Technologies
      21. GSMA
  7. Analyst Views
  8. Future Outlook of the Market