APAC LPWAN Market revenue to cross $20 Bn by 2027

Published Date: 2022-03-29

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APAC LPWAN Market size is poised to reach USD 20 billion by 2027, according to a latest forecast report by Graphical Research.

The market growth is attributed to the increasing adoption of IoT devices in manufacturing facilities across various countries such as India, Japan, and South Korea. Governments are encouraging businesses to implement digitalization in manufacturing processes to make operations smart & sustainable. For instance, in September 2020, the Government of South Korea invested USD 414 million in R&D to motivate SMEs to upgrade to automated technologies. Through this investment, the government accelerated the development of smart factories that are assembled with automated manufacturing facilities, AI, and real-time monitoring by using IoT devices.

The professional services segment dominated over 70% market share in 2020 due to the growing adoption of LPWAN solutions. The professional service providers help to stimulate the behavior of LoRa, which eases station deployments and enables them to quickly create their own networks. For instance, Unidata S.p.A. provides LoRaMANAGER, a professional suite that allows customers to manage their professional IoT applications. The LogMANAGER particularly designed for operators and system integrators comprises various modules that can be assembled as per their needs.

The cloud model segment will observe around 75% growth rate during the forecast period owing to the growing adoption of IoT devices across various end-user industries. IoT devices generate massive volumes of data. To effectively store & manage data, cloud platforms enable real-time data analyses, thereby improving organizational workflow & productivity. They also enable organizations to secure their IoT networks, manage data, and route it to their chosen cloud platforms.

The asset tracking segment will witness 65% CAGR between 2021 and 2027, credited to the growing demand for LTE-M networks, which are more beneficial for IoT applications as they need continuous tracking capabilities with low-latency thresholds. Asset tracking solutions provide various advanced features such as advanced cellular technology and Wi-Fi for indoor & outdoor environments.

Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @


The utilities end-user segment will record a CAGR of 15% till 2027 on account of growing demand for cost-effective cellular networks. Cellular networks help energy companies in solving different connectivity challenges and supporting their networking needs. With the massive deployment of IoT platforms, the use of LPWAN wireless communication technology is expected to increase across energy and utility sectors for improving business efficiencies.

Japan LPWAN industry will exceed USD 3 billion revenue by 2027, owing to the increasing urban population, cities need to be proactive in providing secured & better living standards. The adoption of IoT devices is enabling cities to integrate technologies to enhance the living standards of its citizens. Telecom operators in Japan have been proactively focusing on commercializing 5G networks. For instance, in July 2020, Softbank Corporation partnered with Ericsson to deliver cloud native 5G cores for its 5G standalone networks. The company leveraged Ericsson’s dual mode 5G core to enable the development of use cases for enterprises.

The APAC LPWAN market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments:

Asia Pacific Market, By Component

  • Platform
    • NB-IoT
    • LTE-M
    • LoRaWAN
    • Sigfox
    • Weightless
    • Others
  • Service
    • Professional service
    • Managed service

Asia Pacific Market, By Deployment Model

  • On-premise
  • Cloud

Asia Pacific Market, By Application

  • Smart gas & water metering
  • Asset tracking
  • Smart buildings
  • Smart parking
  • Precision agriculture
  • Smart waste management
  • Livestock monitoring
  • Others

Asia Pacific Market, By End Use

  • Healthcare
  • Agriculture
  • Logistics & transportation
  • Manufacturing
  • Utilities
  • Consumer electronics
  • Government & public sector
  • Others

The above information has been provided for the following countries:

  • Asia Pacific
    • China
    • Japan
    • India
    • ANZ
    • South Korea
    • Southeast Asia