The low power, wide area network (LPWAN) market will go on a tear in the next six years, pushed forward largely due to the increasing proliferation of IoT, says a new report by Global Market Insights. The firm predicts that LPWAN will surpass $65 billion by 2025. According to Innovation Enterprise, the key IoT use cases driving the market are primarily industrial. They include smart cities, automobile manufacturing, smart metering, and the oil and gas and mining industries.
With the deployment and implementation of low-cost sensors, businesses, consumers, cities, and entire nations have the opportunity to revolutionize value creation by providing data to transform economies, markets, and outcomes. The expansion graphs of LPWAN technologies and the Industrial Internet of Things (IIoT), in essence, are directly proportional and are bound to remain so in the years to come.