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    Asia Pacific Low Power Wide Area Network (LPWAN) Market Forecast 2027 By End Use (Healthcare, Agriculture, Logistics & Transportation, Manufacturing, Utilities, Consumer Electronics, Government & Public Sector), By Component (Platform [Narrowband IoT {NB-IoT}, Long Term Evolution for Machines {LTE-M}, LoRaWAN, Sigfox, Weightless], Services [Professional Service, Managed Service]), By Deployment Model (On-premise, Cloud), By Application (Smart Gas & Water Metering, Asset Tracking, Smart Buildings, Smart Parking, Precision Agriculture, Smart Waste Management, Livestock Monitoring), Research Report, Country Outlook (China, Japan, India, ANZ, South Korea, Southeast Asia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: March 2022   |   Report ID: GR2083   |   Delivery: PDF  Request Free Sample

    Asia Pacific LPWAN Market size valued at USD 500 million in 2020 and is predicted to exhibit a CAGR of 65% from 2021 to 2027. The growing demand for faster data transmissions is fueling the market growth.

    Asia Pacific LPWAN Market Share, By Platform

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    The market growth is further attributed to the rising demand for IoT applications. Smart city development is anticipated to support the market demand. Prominent technology enterprises are emphasizing on strategic partnerships to deliver diverse IoT solutions. For instance, in September 2020, Nokia signed a partnership agreement with Optus, a telecommunications company, to provide IoT software solutions for Australian industries. Through this partnership, both the companies have strengthened their positions in the country by providing IoT solutions to customers across multiple industry segments. Moreover, the rapid expansion of FON networks (open Wi-Fi) in APAC countries is providing significant opportunities for the market expansion.

    Asia Pacific Market, By Component

    The LoRaWAN segment will showcase around 50% growth rate during the forecast period, due to the increasing demand for IoT devices. LoRa platforms are gaining immense popularity in developing countries, such as India, China, and Japan, as they support various IoT use cases such as smart cities and smart agriculture.

    LoRaWAN and LoRa technologies operate in unlicensed spectrums and enable operators to easily deploy IoT applications based on these networks. Moreover, massive IoT deployments in various end-user industries, such as retail, utilities, manufacturing, transportation, and healthcare, will increase the demand for LPWAN technologies to support connected devices that require low power consumptions, long ranges, and reduced costs.

    Asia Pacific Market, By Deployment Model

    The on-premise model segment dominated more than 55% Asia Pacific LPWAN market share in 2020. The on-premises deployment model allows enterprises to customize systems & applications to meet organizational needs. The demand for on-premises deployment models is expected to accelerate over the forecast period due their cost-effective nature. In addition, on-premises can manage whole network elements including LORA gateways and network servers.

    Asia Pacific LPWAN Market, By Application

    The smart gas & water metering application segment is expected to grow at a CAGR of 60% till 2027, owing to the growing use of various advanced technologies, such as GPRS, ZigBee, and Wireless-M Bus, these technologies are extensively used in remote gas & water meter monitoring. These technologies provide secure communication with excellent ranges and help users to monitor usage without the need for site visits. Gas meters transmit readings to gateways by using LPWAN and display the output in cloud web-based interfaces.

    Asia Pacific Market, By End-use

    The government & public sector end-user segment held over 20% market share in 2020, on account of growing industrialization & commercialization across various countries such as India, China, and Japan. Moreover, ongoing projects on digitalization and industry 4.0 across developing nations in the region are providing significant opportunities for market growth as industry 4.0 projects have increased the adoption of IoT & networking technologies across various sectors in the region.

    Asia Pacific Market, By Country

    China LPWAN market revenue will cross USD 4 billion by 2027, credited to the increasing adoption of smart cities in the country. It is focusing more on industrial IoT to increase productivity & efficiency by streamlining & automating manufacturing processes through connectivity. Existing telecom operators, such as China Telecom, China Mobile, and China Unicom, have built platforms & portfolios to support end-to-end connectivity for IoT solutions.

    Competitive Industry Landscape

    Prominent industry players include Actility, AT&T Inc, Avnet, Inc., Cisco Systems, LORIOT AG, Orange Business Services, Qualcomm Technologies, Inc, Semtech Corporation, Sigfox, Sierra Wireless, Inc., Verizon Communication Inc., and Vodafone Group PLC.

    Frequently Asked Question(FAQ) :

    How large is the Asia Pacific LPWAN market?
    The market size for LPWAN in Asia Pacific was exceeded USD 500 million in 2020 and is expected to grow at a CAGR of 65% between 2021 and 2027 considering the surging demand for faster data transmission.
    What factors will drive LoRaWAN in the Asia Pacific market growth?
    The market value for LoRaWAN in Asia Pacific is estimated to depict a growth rate of 50% through 2027 owing to the escalating demand for IoT devices.
    Why is the Asia Pacific LPWAN industry share rising from smart gas & water metering application?
    The market revenue from smart gas & water metering application is anticipated to exhibit a CAGR of 60% until 2027 driven by the rising usage of various advanced technologies comprising Wireless-M Bus, ZigBee, and GPRS.
    How will the LPWAN sector fare in China?
    The market share for LPWAN in China is projected to exceed USD 4 billion by 2027 owing to the rising adoption of smart cities in the country.

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