Low Power Wide Area (LPWA) Network Market - Forecast(2021 - 2026)
Low Power Wide Area Network Market Overview The Global market for Low Power Wide Area Network is forecast to reach $2.5 billion by 2026, growing at a CAGR of 12.7% from 2021 to 2026. The market growth is attributed to the factors such as increased adoption of IoT, M2M systems, increased need for long-range connectivity between these systems, rising penetration of 5G and other wireless technology and others. Moreover, the exponential growth in smart city infrastructure is expected to stimulate development in the market. Owing to the introduction of cloud-based technologies, demand for the financial analytics system is growing. Cloud driven technologies support stable data management and produce result-oriented production. However, these programs improve the efficiency of the business by upgrading details in real-time. The rising deployment of Narrowband IOT and Sigfox technologies in Wireless Sensor Networks will also propel the market growth. Report Coverage The report: “Low Power W