USD
GBP 
CNY 
EUR 
INR 
JPY 
MYR 
ZAR 
KRW 
THB 
Growth Opportunities in Low-power Wide Area Networks
Integration of LPWAN Standards and Hybrid Terrestrial and Non-terrestrial Networks Boost Future Growth Potential
13-Dec-2023
North America
Market Research
K983-01-00-00-00
IT_2023_417
The low-power wide area network (LPWAN) market is in a growth stage, with network operators collaborating to establish LPWAN standard convergence. While some LPWAN providers are arranging deals to combine LoRaWAN® with Sigfox in their connectivity offerings, others are integrating proprietary LPWAN with cellular LPWAN.
LPWAN providers are also innovating around satellites, creating solutions that give rise to new growth opportunities. LPWAN operators innovating with non-terrestrial networks (NTNs) are conducting tests and trials. The commercial launch of hybrid satellite and LPWAN connectivity solutions will impact the market, in particular for verticals such as oil and gas, fleet management, agriculture, and maritime.
The ecosystem is growing, and alliances are attracting an increased number of members. As of November 2023, Wi-SUN Alliance has approximately 350 member companies across North America; Latin America; Asia-Pacific; and Europe, the Middle East, and Africa (EMEA), including Texas Instruments (TI), WISeKey, QualityLogic, Atsign, and Renesas Electronics. The LoRa Alliance surpassed 500 members globally, with strategic partners joining the board of directors (i.e., Semtech, Cisco, AWS, Echostar Mobile, STMicroelectronics).
Fast growth in LPWAN product certification conducted by the alliances and the acceleration in LPWAN hardware manufacturing are influencing ecosystem evolution and increasing LPWAN offerings globally.
The market will grow steadily from 2023 to 2028. Frost & Sullivan expects LPWAN connected devices to reach 3.3 billion globally by 2028.
Key Issues Addressed
- What is the present state of the LPWAN market globally?
- What are the LPWAN market growth rates globally? How will they change during the forecast period?
- What are the primary challenges that vendors addressing this market face? What are the drivers and restraints for market growth?
- What are the connection breakdowns by technology type (licensed/unlicensed)? Which is the fastest-growing?
- What are the growth opportunities for market participants?
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Low-power Wide Area Network (LPWAN) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Definitions: LPWAN Concept
LPWAN Overview
Market Trends: LPWAN Standard Integration
Market Trends: Hybrid LPWAN Terrestrial and NTNs
Market Trends: Hybrid LPWAN Terrestrial and NTNs (continued)
Market Segmentation
Key Public Network Operators for LPWAN Licensed and Unlicensed Technologies
Questions This Study Will Answer
Growth Metrics
Growth Environment
Growth Drivers
Growth Restraints
Forecast Assumptions
Connections Forecast
Connections Forecast by Segment
Connections Forecast by Technology
Connections Forecast by Region
Most Relevant Applications Across Industries
Percent Connections by Industry Vertical
Forecast Analysis
Forecast Analysis by Segment
Forecast Analysis by Technology
Forecast Analysis by Region
Forecast Analysis by Industry Vertical
Competitive Environment
Ericsson (NB-IoT and LTE-M)
The mioty alliance
The LoRa Alliance®
Ingenu (RPMA®)
Wi-SUN®
UnaBiz
Growth Opportunity 1: LTE-M for Wearables, Healthcare, and Remote Monitoring
Growth Opportunity 1: LTE-M for Wearables, Healthcare, and Remote Monitoring (continued)
Growth Opportunity 2: NB-IoT and Satellite Connectivity for Agribusinesses
Growth Opportunity 2: NB-IoT and Satellite Connectivity for Agribusinesses (continued)
Growth Opportunity 3: LoRaWAN® and Other Proprietary LPWAN Technology for Smart Cities
Growth Opportunity 3: LoRaWAN® and Other Proprietary LPWAN Technology for Smart Cities (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
List of Figures
Speak directly with our analytics experts for tailored recommendations.
Recent related IT Services and Applications research
28 Oct 2026 | Global | Frost Radar
Frost Radar™: Network as a Service, 2026
Network as a service (NaaS) has evolved beyond bandwidth on demand into a digital operating model that brings together connectivity, cloud, security, observability, automation, and life cycle management through unified digital experiences. As enterprises expand multicloud environments, edge deployme...
26 Oct 2026 | North America | Frost Radar
Frost Radar™: Data Center Colocation Services in North America, 2026
Data center colocation services have become a foundational component of enterprise digital infrastructure, enabling organizations to balance performance, security, scalability, and cost optimization across increasingly distributed IT environments. Colocation facilities serve as critical interconnect...
23 Oct 2026 | Global | Technology Research
Growth Opportunities in GPU-as-a-Service, Hyperscale & AI-Focused Digital Infrastructure, AI-ready Data Center, Prompt-based Builder, Docs-as-code, and Artificial Chip Intelligence
This edition of the IT, Computing and Communication Technology Opportunity Engine explores GPU-as-a-Service, Hyperscale & AI-Focused Digital Infrastructure, and AI-Ready Data Centers to scale AI compute capabilities. Prompt-Based Builders and Docs-as-Code accelerate software development, while Artif...
16 Oct 2026 | Global | Frost Radar
Frost Radar™: Satellite IoT, 2026
Direct-to-device (D2D) connectivity and 3GPP NTN standards are reshaping the satellite IoT market. Release 17 enabled satellite NB-IoT through standard cellular modules, SIMs, and devices. The shift to 5G New Radio NTN supports higher-throughput, delay-sensitive services, such as direct-to-smartphon...
15 Oct 2026 | Latin America | Frost Radar
Frost Radar™: Managed Cloud Service Providers in Latin America, 2026
Cloud has become an established component of enterprise technology strategy in Latin America, but adoption has not necessarily reduced complexity. Many organizations now operate fragmented environments: public cloud, private cloud, on-premises infrastructure, legacy applications, SaaS platforms, and...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.