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.
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