Low Power Wide Area Network (LPWAN) is defined as a wireless wide area network that is optimized for non-mission-critical applications in machine-to-machine (M2M) and Internet of Things (IoT) communications. LPWAN deployments benefit M2M and IoT applications in terms of extended coverage, low transmission rate, low power energy consumption, cost savings in operations, and lower pricing for network services. There are two types of LPWAN technology—Cellular LPWAN deployed in licensed spectrum bands and Proprietary LPWAN developed by providers over their own network in the unlicensed spectrum.
Frost & Sullivan has identified the top three verticals that generate the highest demand for LPWAN technologies based on the number of connected devices with LPWAN. In 2021, Utilities and Energy was the largest vertical, accounting for 45% of the total LPWAN connections, followed by Logistics and Supply Chain and Smart Cities and Building, respectively.
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