Global LWAN Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global LWAN Market Report is Segmented by Network Technology (LoRa, LoRa-WAN, Sigfox, NB-IoT, LTE-M, and More), Component (Hardware, Platform, and Services), Deployment Model (Public Network and Private/Enterprise Network), End-User Industry (Utilities, Smart City Infrastructure, Smart Homes and Consumer IoT, Industrial and Manufacturing, Transportation and Logistics, Agriculture, Healthcare, and Others), and Geography.

Global LWAN Market Size and Share

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Compare market size and growth of Global LWAN Market with other markets in Technology, Media and Telecom Industry

Global LWAN Market Analysis by Mordor Intelligence

The Global LWAN Market size is estimated at USD 48.01 billion in 2025, and is expected to reach USD 408.28 billion by 2030, at a CAGR of 53.44% during the forecast period (2025-2030).

Demand accelerates as 5G RedCap modules reach commercial availability, satellite–terrestrial hybrids close rural coverage gaps, and critical-infrastructure operators double down on digital resilience after recent supply-chain shocks. Asia Pacific leads with 33.7% 2024 revenue share and shows the fastest regional expansion at 57.86% CAGR on the back of China’s mass NB-IoT deployments and India’s smart-city rollouts. LoRa held the largest 2024 technology slice at 38%, yet 5G RedCap is gaining momentum with 55.67% CAGR as enterprises seek lower latency and higher bandwidth. Hardware still represents 48.2% of outlays, though platform services are scaling at 56.23% CAGR as organizations seek unified connectivity and device-management environments

Key Report Takeaways

  • By network technology, LoRa captured 38% of the LWAN market share in 2024, whereas 5G RedCap connections are forecast to expand at a 55.67% CAGR through 2030.
  • By component, hardware accounted for 48.2% of the LWAN market size in 2024, while platform services recorded the highest projected growth at 56.23% CAGR.
  • By deployment model, public networks held 61.4% revenue share in 2024, yet private enterprise networks are advancing at a 57.47% CAGR to 2030.
  • By end-user industry, utilities led with 26.4% of LWAN market share in 2024, whereas healthcare is poised for a 55.11% CAGR over the forecast period.
  • By geography, Asia Pacific generated 33.7% of 2024 revenue and remains the fastest-growing region with a 57.86% CAGR through 2030.

Segment Analysis

By Network Technology: 5G RedCap Emerges as Enterprise Standard

The segment generated the largest portion of the LWAN market size, with LoRa delivering 38% revenue in 2024 and 5G RedCap logging the highest 55.67% CAGR to 2030. Semtech secured 5G RedCap certification with AT&T for the EM8695 module, cutting power draw by 65% versus LTE alternatives and aligning with enterprise sustainability goals[3]Semtech Corporation, “EM8695 Achieves RedCap Certification,” semtech.com. NB-IoT remains vigorous in China, backed by ministry guidelines that reinforce its role in smart-city rollouts. LTE-M gains favor in North America for mobile asset applications as operators pivot from NB-IoT. Sigfox, now under UnaBiz, is recalibrating for niche deployments, while RPMA retains traction in mining, where ultra-reliability outranks bandwidth needs. RedCap connections are projected to surge from 27.6 million in 2023 to 963.5 million by 2030, ushering in a new baseline for mid-bandwidth IoT. As standards narrow, vendors can optimize silicon pipelines and slash certification overheads, thereby accelerating time-to-market for emerging devices.

Interoperability remains a short-term hurdle because fleets often run mixed protocols during migration cycles. System integrators are packaging multi-mode modules to smooth transitions, lessening costly truck-rolls for sensor swaps. This strategy underpins enterprise confidence in long-term return on connectivity investment, ensuring the LWAN market continues its rapid transition toward fewer but more capable air interfaces. 

Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

By Component: Platform Services Drive Integration Value

Hardware still accounts for 48.2% of the LWAN market share in 2024, reflecting ongoing demand for modules, gateways, and antennas. Yet platform services have become the fastest-growing component at 56.23% CAGR as businesses look for integrated device-life-cycle management and real-time analytics. AT&T’s Global SIM Advanced marries eSIM orchestration with centralized monitoring, illustrating how telecommunications groups reposition from hardware toward recurring platform revenue. Semtech’s AI-enabled security stack automates anomaly detection, lowering operational overhead for distributed fleets.

Professional services growth picks up because legacy process equipment often requires customized gateways and protocol translation. Managed service offers appeal to smaller firms lacking deep IoT expertise, bundling connectivity, cloud storage, and analytics under a single SLA. Vendors see higher customer-lifetime value as clients expand device counts once pilot projects prove ROI, reinforcing the resilience of software-centric revenue streams in the LWAN market.

By Deployment Model: Private Networks Gain Enterprise Preference

Public infrastructure represented 61.4% of the LWAN market size in 2024, thanks to ubiquitous cellular footprints. However, private LWAN deployments post a 57.47% CAGR because enterprises value data sovereignty, deterministic performance, and custom QoS policies. Deutsche Telekom’s Bridge Alliance tie-up widens access to private network services across 35 operators, simplifying multinational implementations. Hospitals such as the Cleveland Clinic leverage private 5G to maintain sub-10 ms latency for remote diagnostics, proving the model’s clinical relevance.

Hybrid architectures grow as cost-sensitive users offload non-critical telemetry onto public networks while reserving private slices for sensitive workloads. Edge-compute nodes positioned inside private domains cut backhaul costs and reduce cloud round-trip delays. As regulations tighten around cross-border data flows, industry analysts expect the LWAN market to tilt further toward private deployments, particularly in manufacturing and healthcare.

Global LWAN Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By End-User Industry: Healthcare Drives Innovation Adoption

Utilities retained 26.4% of the LWAN market share in 2024, anchored by mandated smart-meter programs. Healthcare now shows the fastest 55.11% CAGR through 2030 as remote patient monitoring shifts from pilot to mainstream. Over 60 million Americans are expected to use RPM solutions in 2024, up from 50 million the prior year. Singapore’s National University Health System runs Holomedicine programs over a hybrid 5G, highlighting the sector’s appetite for bandwidth-constrained mixed-reality tools.

Industrial manufacturing accelerates through predictive-maintenance LoRaWAN sensors, while transportation relies on LTE-M trackers to reinforce supply-chain resilience. Agriculture benefits from satellite-LPWAN hybrids to monitor soil moisture in sparsely covered fields. Such cross-vertical diversity safeguards the LWAN market against cyclical shocks in any single segment and propels continuing innovation.

Geography Analysis

Asia Pacific generated 33.7% of 2024 revenue and stands out with a 57.86% CAGR to 2030, driven by government-sponsored 5G and NB-IoT infrastructure. China Mobile alone operated more than 805 million 5G users and posted 20.8% smart-home revenue growth to RMB 100.5 billion in 2024. Massive state backing underpins dense base-station rollouts, while India’s Smart Cities Mission funnels capital toward city-wide sensor grids. Vietnam’s nationwide LoRaWAN agreement between VIoT and Actility further exemplifies regional commitment. 

North America remains a premium enterprise market focused on LTE-M and nascent 5G RedCap. AT&T’s NB-IoT exit spurred module migrations but also catalyzed innovation around private 5G campuses, especially in logistics hubs and healthcare centers. Federal Communications Commission authorization of very-low-power 6 GHz operations from May 2025 expands unlicensed spectrum for IoT and stimulates fresh device categories[1]Federal Communications Commission, “FCC Authorizes 6 GHz Very-Low-Power Devices,” fcc.gov.

Europe balances strong LoRaWAN uptake with regulatory-driven smart-meter schemes. Partnerships such as Netmore and Cellnex UK extend carrier-grade LoRaWAN across metropolitan clusters, lowering barriers for utility and industrial clients. Middle East and Africa see early reliance on satellite hybrids to cover oil pipelines and desert agriculture, though deployment volumes trail other regions. Overall, geographic variance in spectrum policy and industrial structure sustains heterogeneous demand patterns that insulate the LWAN market from uniform slowdowns.

Global LWAN Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

The LWAN market shows moderate fragmentation because no single technology standard dominates every use-case. Semtech anchors the LoRa ecosystem and is diversifying into 5G modules; its RedCap certification with AT&T positions the firm for mid-tier IoT growth semtech.com. Qualcomm’s acquisition of Sequans’ LTE portfolio enlarges its low-power cellular offering for industrial sensors. Patent filings by Meta around spectrum management underline the active R&D race among hyperscalers seeking edge-compute leverage. 

Platform integration capacity is now a key competitive yardstick. Twilio and Comcast’s MachineQ bundle connectivity, device management, and cloud functions to shorten enterprise onboarding cycles. Actility’s alliances with Kerlink and Rubicon Water illustrate how vertically focused collaborations can open new white spaces in agriculture and utilities. AI-based security features, such as anomaly detection built into Semtech’s network server, create differentiation beyond radio hardware alone.

Ecosystem dynamics also hinge on supply-chain agility. Companies with multisource strategies for gallium, silicon-carbide, and passive components are better positioned to weather short-term shocks, protecting shipment schedules for module customers. The upshot is an LWAN market where end-to-end solution providers elevate their standing relative to pure-play component suppliers, setting the stage for further consolidation.

Global LWAN Industry Leaders

  1. UnaBiz (Sigfox)

  2. Semtech Corp.

  3. Ingenu Inc.

  4. Actility S.A.

  5. AT&T

  6. *Disclaimer: Major Players sorted in no particular order
 MachineQ(Comcast), Sigfox SA, AT&T Inc., ActilityS.A., Semtech Corporation, Deutsche Telekom, and Ingenu Inc
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • January 2025: Semtech achieved 5G RedCap certification with AT&T for the EM8695 module, enabling 65% lower power draw than comparable LTE units.
  • March 2025: AT&T launched Global SIM Advanced, an eSIM product with multi-profile functionality for seamless global IoT transitions.
  • March 2025: Semtech began sampling HL781x LPWA modules with integrated Skylo satellite links to extend coverage for remote deployments.
  • September 2024: Yorkshire Water selected Netmore to replace 1.3 million water meters with LoRaWAN units, one of Europe’s largest LPWAN undertakings.

Table of Contents for Global LWAN Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Increasing network roll-outs in licensed and unlicensed bands
    • 4.2.2 Digital transformation and Industry 4.0 acceleration
    • 4.2.3 Regulatory smart-meter mandates (water, gas, power)
    • 4.2.4 Migration from 2G/3G freeing LTE bands for NB-IoT
    • 4.2.5 Satellite-LPWAN hybrid constellations unlock remote coverage
    • 4.2.6 Ultra-narrow-band research and development for underground mining & tunnels
  • 4.3 Market Restraints
    • 4.3.1 Legacy industrial equipment compatibility gaps
    • 4.3.2 Rising cybersecurity and privacy concerns for massive IoT
    • 4.3.3 Fragmented standards hindering global roaming
    • 4.3.4 RF-front-end supply shortages delaying module shipments
  • 4.4 Value/Supply-Chain Analysis
  • 4.5 Regulatory Landscape
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Threat of New Entrants
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Bargaining Power of Suppliers
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

  • 5.1 By Network Technology
    • 5.1.1 LoRa
    • 5.1.2 LoRa-WAN
    • 5.1.3 Sigfox (Ultra-Narrowband)
    • 5.1.4 NB-IoT
    • 5.1.5 LTE-M
    • 5.1.6 RPMA (Ingenu)
    • 5.1.7 5G NR-RedCap
  • 5.2 By Component
    • 5.2.1 Hardware (Modules, Gateways, Antennas)
    • 5.2.2 Platform (Connectivity Mgmt., Device Mgmt., Data Mgmt.)
    • 5.2.3 Services (Professional, Managed)
  • 5.3 By Deployment Model
    • 5.3.1 Public Network
    • 5.3.2 Private/Enterprise Network
  • 5.4 By End-User Industry
    • 5.4.1 Utilities
    • 5.4.2 Smart City Infrastructure
    • 5.4.3 Smart Homes and Consumer IoT
    • 5.4.4 Industrial and Manufacturing
    • 5.4.5 Transportation and Logistics
    • 5.4.6 Agriculture
    • 5.4.7 Healthcare
    • 5.4.8 Others
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 France
    • 5.5.3.4 Spain
    • 5.5.3.5 Rest of Europe
    • 5.5.4 Asia-Pacific
    • 5.5.4.1 China
    • 5.5.4.2 India
    • 5.5.4.3 Japan
    • 5.5.4.4 South Korea
    • 5.5.4.5 Rest of Asia-Pacific
    • 5.5.5 Middle East and Africa
    • 5.5.5.1 Middle East
    • 5.5.5.1.1 Saudi Arabia
    • 5.5.5.1.2 United Arab Emirates
    • 5.5.5.1.3 Rest of Middle East
    • 5.5.5.2 Africa
    • 5.5.5.2.1 South Africa
    • 5.5.5.2.2 Rest of Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)}
    • 6.4.1 Semtech Corp.
    • 6.4.2 UnaBiz (Sigfox)
    • 6.4.3 Ingenu Inc.
    • 6.4.4 Actility S.A.
    • 6.4.5 MachineQ (Comcast)
    • 6.4.6 Twilio Inc.
    • 6.4.7 Deutsche Telekom
    • 6.4.8 ATandT
    • 6.4.9 Vodafone
    • 6.4.10 Orange
    • 6.4.11 China Mobile
    • 6.4.12 Verizon
    • 6.4.13 Aeris Communications
    • 6.4.14 TE Connectivity
    • 6.4.15 Qualcomm
    • 6.4.16 Sierra Wireless
    • 6.4.17 Cisco Systems (Jasper)
    • 6.4.18 Kerlink
    • 6.4.19 Senet
    • 6.4.20 Telensa
    • 6.4.21 WND Group
    • 6.4.22 NWave
    • 6.4.23 Telstra
    • 6.4.24 e& (Group)/Etisalat

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Global LWAN Market Report Scope

Low-power wide-area networks(LPWAN) Or low-PowerWide-Area(LPWA) networks are wireless communication technologies designed for low data-rate, power-efficient communication over long distances at a low cost. The Global LWAN Market is segmented by Network Type (LTE-M, NB-IoT, Sigfox, and LoRa) End User (Utilities, Smart City, Consumer/Smart Homes, Industrial and Transportation, and Logistics), and Geography.

By Network Technology LoRa
LoRa-WAN
Sigfox (Ultra-Narrowband)
NB-IoT
LTE-M
RPMA (Ingenu)
5G NR-RedCap
By Component Hardware (Modules, Gateways, Antennas)
Platform (Connectivity Mgmt., Device Mgmt., Data Mgmt.)
Services (Professional, Managed)
By Deployment Model Public Network
Private/Enterprise Network
By End-User Industry Utilities
Smart City Infrastructure
Smart Homes and Consumer IoT
Industrial and Manufacturing
Transportation and Logistics
Agriculture
Healthcare
Others
By Geography North America United States
Canada
Mexico
South America Brazil
Argentina
Rest of South America
Europe Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Rest of Middle East
Africa South Africa
Rest of Africa
By Network Technology
LoRa
LoRa-WAN
Sigfox (Ultra-Narrowband)
NB-IoT
LTE-M
RPMA (Ingenu)
5G NR-RedCap
By Component
Hardware (Modules, Gateways, Antennas)
Platform (Connectivity Mgmt., Device Mgmt., Data Mgmt.)
Services (Professional, Managed)
By Deployment Model
Public Network
Private/Enterprise Network
By End-User Industry
Utilities
Smart City Infrastructure
Smart Homes and Consumer IoT
Industrial and Manufacturing
Transportation and Logistics
Agriculture
Healthcare
Others
By Geography
North America United States
Canada
Mexico
South America Brazil
Argentina
Rest of South America
Europe Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Rest of Middle East
Africa South Africa
Rest of Africa
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is the current value of the LWAN market?

The LWAN market stood at USD 48.01 billion in 2025 and is forecast to reach USD 408.28 billion by 2030 at a 53.44% CAGR.

Which region leads LWAN adoption?

Asia Pacific holds the lead with 33.7% 2024 revenue share and is also the fastest-growing area, expanding at a 57.86% CAGR through 2030.

Why are private LWAN networks gaining traction?

Enterprises prefer private deployments for data sovereignty, deterministic performance, and the ability to tailor quality-of-service profiles to mission-critical applications.

Which technology segment is expanding the fastest?

5G RedCap posts the highest forecast CAGR at 55.67% because it delivers higher bandwidth and lower latency while maintaining low-power credentials.

How do regulatory mandates influence the LWAN market?

Government smart-meter programs in regions such as Australia and the EU create guaranteed demand, accelerating utility adoption and driving platform service revenues.

What is the main challenge to scaling massive IoT deployments?

Rising cybersecurity and privacy concerns remain a principal restraint, trimming an estimated 6.8% from the industry CAGR as organizations invest in more robust defenses.

Page last updated on: June 26, 2025

Global LWAN Market Report Snapshots