The low-power wide area networks (LPWAN) market is expected to grow by $109.76 billion during 2021-2025, expanding at a CAGR of almost 58%. LPWAN technology reduces power requirements, provides a longer range, and lowers operational costs compared to traditional mobile networks. The increased penetration of mobile-computing devices will have a positive impact on the market and contribute to its growth significantly over the forecast period. Increase in development of smart cities and rising adoption of IoT will further boost market growth.
Source: https://www.helpnetsecurity.com/2021/04/06/lpwan-market-2025/