Low Power Wide Area Network Market Forecast to Reach $2.3 Billion by 2025 Cloud Deployment Model Is Anticipated to Witness the Significant Market Growth During the Forecast Period 2020-2025.
BriefingWire.com, 1/18/2021 - The Global Low Power Wide Area Network Market is forecast to reach $2.3 billion by 2025, growing at a CAGR of 12.7% from 2020 to 2025. 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 technology and others. Moreover, the exponential growth in smart city infrastructure is expected to stimulate development in the market.
Key Takeaways
Global Low Power Wide Area Network Market 2020 Latest Innovations, Key Indicators and Future Development Status Recorded during 2020 to 2025 marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.