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    North America Low Power Wide Area Network (LPWAN) Market Forecast 2027 By Deployment Model (On-premise, Cloud), By Component (Platform [Narrowband IoT {NB-IoT}, Long Term Evolution for Machines {LTE-M}, LoRaWAN, Sigfox, Weightless], Services [Professional Service, Managed Service]), By Application (Smart Gas & Water Metering, Asset Tracking, Smart Buildings, Smart Parking, Precision Agriculture, Smart Waste Management, Livestock Monitoring), By End Use (Healthcare, Agriculture, Logistics & Transportation, Manufacturing, Utilities, Consumer Electronics, Government & Public Sector), Research Report, Country Outlook (U.S., Canada), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: March 2022   |   Report ID: GR2085   |   Delivery: PDF  Request Free Sample

    North America LPWAN Market size surpassed USD 1 billion in 2020 and is estimated to witness 60% CAGR from 2021 to 2027. The growing adoption of wireless communication devices is fueling the market growth.

    North America LPWAN Market Size By Application

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    The North America LPWAN market growth is anticipated to increase the demand for mobile & wearable devices. The people of North American countries, such as the U.S. and Canada, are spending larger portions of their incomes on smartphone devices and network facilities. The prominent companies in the region are extensively working on developing advanced IoT networks. For instance, in July 2021, Everynet partnered with Crown Castle to launch LoRaWAN IoT networks in the U.S. It is a long-range low-power solution that helps in reliably & accurately developing low-cost wireless IoT projects.

    North America Market, By Component

    The LoRaWAN segment accounted over 40% North America LPWAN market share in 2020, due to a rise in IoT connections. LoRaWAN platforms have witnessed a surge in demand as they enable real-time communications among devices, which can be utilized to increase productivity & efficiency. These platforms support low power consumptions and provide a wide coverage to support real-time applications such as smart cities, metering, and logistics. With growing IoT deployments, a strong infrastructure is needed to support machine-to-machine communications, creating a demand for LoRaWAN based on highly secured wireless technologies that are dedicated to IoT networks.

    North America LPWAN Market, By Deployment Model

    The on-premise model segment held more than 50% market share in 2020, owing to the security offered by the on-premise LPWAN solutions. The on-premise LPWAN solution enables organizations to build & manage their own LPWAN for IoT-based applications. They can manage whole network elements including LORA gateways and network servers. By deploying LoRaWAN private networks, organizations gain a complete control of transmitted data and subsequently ensure data security.

    North America Market, By Application

    The smart gas & water metering application segment will observe around 55% growth rate during the forecast period, on account of growing deployment of advanced metering infrastructure and LPWAN wireless technologies.

    The companies operating in this market offer various wireless network options to enable IoT connectivity for smart gas & water meters. For instance, WAVIoT enables customers to unleash IoT connectivity for utilities by providing them with two options: WAVIoT plug & play smart gas meters with integrated radio modules or WAVIoT LPWAN modems that transmit readings via long-range networks.

    North America Market, By End-use

    The government & public sector will grow at a CAGR of 55% through 2027, credited to the growing need for secure network infrastructure. Government institutions require highly reliable & secure networks for achieving their missions. LPWAN technologies provide various advanced & integrated security services that help organizations in improving their network quality & visibility.

    North America Market, By Country

    The U.S. LPWAN market revenue is expected to reach USD 20 billion by 2027, due to the growing adoption of IoT in manufacturing facilities. The U.S. is witnessing a major adoption in applications, such as smart buildings, asset tracking, agriculture, and utilities & supply chain across the country.

    Major companies in the industry are focusing on the developing advanced LPWAN solutions & services to acquire competitive market position. For instance, in March 2020, Liveable Cities selected Sierra Wireless to enable smart city applications. Under this agreement, Liveable Cities adopted Sierra Wireless’s ready-to-connect HL 78 modules for its SilQ Luminaire streetlight and its tool-less sensor platform ANSI controller.

    Competitive Industry Landscape

    Some of the leading companies operating in the North America LPWAN market include AT&T Inc, Avnet, Inc., Cisco Systems, Ingenu Inc., Link Labs, Inc, Nwave, Qualcomm Technologies, Inc, Semtech Corporation, Senet, Inc, Sierra Wireless, Inc, Verizon Communications, Inc, and WAVIoT.

    Frequently Asked Question(FAQ) :

    How big is the North America LPWAN market?
    The market value for LPWAN in North America was exceeded USD 1 billion in 2020 and is expected to depict a CAGR of 60% between 2021 and 2027 considering the escalating adoption of wireless communication devices.
    What aspects will drive North America LPWAN industry share from government & public sector?
    The market revenue from government & public sector is expected to expand at a CAGR of 55% through 2027 driven by the rising need for secure network infrastructure.
    Why is the U.S. LPWAN sector growing?
    The market size for LPWAN in U.S. is estimated to cross USD 20 billion until 2027 impelled by the surging adoption of IoT in manufacturing facilities.
    Which are major players in the North America LPWAN landscape?
    Key companies in the North America market comprise Link Labs Inc., Senet, Inc., Verizon Communications, Inc., AT&T Inc, WAVIoT, Avnet, Inc., Ingenu Inc., and others.

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