Product ID: UCMIG45I2138
Report ID:
UCMIG45I2138 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The LPWAN (Low Power Wide Area Network) market, having exceeded USD 5 billion in 2022, is poised for remarkable growth with an anticipated Compound Annual Growth Rate (CAGR) of approximately 50% from 2023 to 2032. This expansion is chiefly propelled by the escalating adoption of Internet of Things (IoT) devices and other embedded technologies. As the proliferation of these connected devices continues to surge across industries, telecom operators are compelled to capitalize on the potential by commercializing LPWA networks. These networks provide a crucial solution for catering to the connectivity needs of diverse IoT applications, offering low power consumption, extended range, and cost-effectiveness. The LPWAN market's exponential growth trajectory is indicative of its pivotal role in enabling the seamless interconnectivity of a wide array of devices, consequently fueling innovation and transforming the digital landscape across various sectors.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Technology Hardware, Storage & Peripherals by segment aggregation, the contribution of the Technology Hardware, Storage & Peripherals in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45I2138