Market Forecast By Connectivity Technology (SIGFOX, LoRaWAN, Weigthless , Others), By Verticals (Agriculture, Smart Logistic and Transportation, Healthcare, Industrial Manufacturing, Oil and Gas, Consumer Electronics, Others), By Application (Smart Waste Management, Smart Buildings, Smart Gas and Water Metering, Smart Streetlights, Smart Parking, Livestock Monitoring, Others), By Network Deployment (Public Sector, Private Sector), By Technology Service (Managed Services, Professional Services) And Competitive Landscape
Product Code: ETC4382553 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Low Power Wide Area Network Market |
Forecast period | 2025-2031 |
CAGR | 8.9% |
Growing Sector | Smart Agriculture |
Bangladesh Low Power Wide Area Network Market report thoroughly covers the market By Connectivity Technology, By Verticals, By Application, By Network Deployment, and By Technology Service. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Bangladesh Low Power Wide Area Network Market is poised for notable growth, driven by the rising demand for IoT applications across urban and rural regions. This growth is bolstered by the government's push for digitalization, aiming to transform Bangladesh into a smart country. The LPWAN technology, known for its long-range communication capabilities at a low bit rate, is proving instrumental in connecting devices efficiently, particularly in the agriculture, smart city projects, and utility management sectors.
According to 6Wresearch, the Bangladesh Low Power Wide Area Network Market size is expected to grow at a CAGR of 8.9% during the forecast period 2025-2031. The market is experiencing significant growth, driven by the increasing adoption of IoT devices across various industries such as agriculture, manufacturing, and smart cities. This surge is fueled by the demand for connected devices that require low bandwidth, long-range communication, and extended battery life. However, the industry faces challenges, including limited infrastructure for advanced connectivity in remote areas and concerns over data security and privacy. Despite these hurdles, emerging opportunities are on the rise, particularly in the development of smart agriculture technologies and the expansion of smart city projects. The government's initiatives towards digitalization and the private sector's increasing investment in IoT infrastructure are set to further propel the Bangladesh Low Power Wide Area Network Market Growth making LPWAN a critical component of Bangladesh's technological advancement.
The Bangladesh Low Power Wide Area Network Market is witnessing rapid growth, with key players such as Huawei Technologies Co., Ltd., Sigfox, and LoRa Alliance leading the charge. These organizations are at the forefront, driving innovation and deploying scalable solutions across various industries including smart cities, utilities, and agriculture.
The Bangladesh Low Power Wide Area Network Market is significantly influenced by government regulations aimed at promoting sustainable technological growth while ensuring security and privacy. The government has implemented regulations that facilitate the deployment and operation of LPWAN technologies, focusing on spectrum allocation, licensing, and compliance with international standards.
Spectrum Allocation: The government has designated specific frequency bands for LPWAN technologies to ensure efficient and interference-free operation. This includes the use of unlicensed spectrum bands such as 868 MHz, 915 MHz, and 2400-2500 MHz, which are commonly used by LPWAN technologies like LoRa and Sigfox.
Licensing: The government requires organizations to obtain specific licenses for the deployment and operation of LPWAN networks in Bangladesh.
The future of the Bangladesh LPWAN market holds promising potential for significant expansion and innovation. With an increasing number of smart city projects and growing demand for IoT solutions in sectors such as agriculture, healthcare, and manufacturing, the LPWAN market is expected to witness substantial growth. Further advancements in LPWAN technologies, along with supportive government policies, will likely drive increased adoption and deployment of IoT devices, transforming various aspects of the Bangladeshi economy and contributing to its digital transformation. Additionally, the market will also see a rise in partnerships and collaborations between LPWAN solution providers, mobile network operators, and other stakeholders to further enhance connectivity and service offerings.
According to Ravi Bhandari, Research Head, 6Wresearch, LoRaWAN is expected to hold the largest share in the LPWAN market in Bangladesh due to its flexibility, cost-effectiveness, and low-power consumption.
The agriculture sector is expected to witness the highest growth in LPWAN market in Bangladesh. This can be attributed to the government's focus on promoting digital solutions in the agriculture industry, such as precision farming and crop monitoring.
Smart Gas And Water Metering are currently the dominant applications for LPWAN technology in Bangladesh. However, with the rising adoption of IoT solutions in various industries, there is a growing demand for LPWAN applications such as smart waste management, smart buildings, and livestock monitoring.
The public sector is expected to dominate the LPWAN market in Bangladesh, with initiatives and investments by the government towards creating a digital infrastructure and promoting IoT solutions.
The managed services segment is expected to dominate the Bangladesh Low Power Wide Area Network Market Share owing to the increasing demand for end-to-end solutions and support services for LPWAN deployments.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Low Power Wide Area Network Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Low Power Wide Area Network Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Low Power Wide Area Network Market - Industry Life Cycle |
3.4 Bangladesh Low Power Wide Area Network Market - Porter's Five Forces |
3.5 Bangladesh Low Power Wide Area Network Market Revenues & Volume Share, By Connectivity Technology, 2021 & 2031F |
3.6 Bangladesh Low Power Wide Area Network Market Revenues & Volume Share, By Verticals, 2021 & 2031F |
3.7 Bangladesh Low Power Wide Area Network Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Bangladesh Low Power Wide Area Network Market Revenues & Volume Share, By Network Deployment, 2021 & 2031F |
3.9 Bangladesh Low Power Wide Area Network Market Revenues & Volume Share, By Technology Service, 2021 & 2031F |
4 Bangladesh Low Power Wide Area Network Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for Internet of Things (IoT) applications in various industries such as agriculture, utilities, and smart cities. |
4.2.2 Government initiatives to promote digitalization and smart infrastructure development. |
4.2.3 Growing adoption of LPWAN technology for low-cost, long-range connectivity solutions. |
4.3 Market Restraints |
4.3.1 Limited awareness and understanding of LPWAN technology among potential users and stakeholders. |
4.3.2 Concerns about data security and privacy in IoT applications. |
4.3.3 Challenges related to network coverage and connectivity in rural or remote areas. |
5 Bangladesh Low Power Wide Area Network Market Trends |
6 Bangladesh Low Power Wide Area Network Market, By Types |
6.1 Bangladesh Low Power Wide Area Network Market, By Connectivity Technology |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Connectivity Technology, 2021 - 2031F |
6.1.3 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By SIGFOX, 2021 - 2031F |
6.1.4 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By LoRaWAN, 2021 - 2031F |
6.1.5 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Weigthless , 2021 - 2031F |
6.1.6 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Bangladesh Low Power Wide Area Network Market, By Verticals |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Agriculture , 2021 - 2031F |
6.2.3 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Smart Logistic and Transportation, 2021 - 2031F |
6.2.4 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Healthcare, 2021 - 2031F |
6.2.5 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Industrial Manufacturing, 2021 - 2031F |
6.2.6 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Oil and Gas, 2021 - 2031F |
6.2.7 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Consumer Electronics, 2021 - 2031F |
6.3 Bangladesh Low Power Wide Area Network Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Smart Waste Management, 2021 - 2031F |
6.3.3 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Smart Buildings, 2021 - 2031F |
6.3.4 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Smart Gas and Water Metering, 2021 - 2031F |
6.3.5 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Smart Streetlights, 2021 - 2031F |
6.3.6 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Smart Parking, 2021 - 2031F |
6.3.7 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Livestock Monitoring, 2021 - 2031F |
6.4 Bangladesh Low Power Wide Area Network Market, By Network Deployment |
6.4.1 Overview and Analysis |
6.4.2 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Public Sector, 2021 - 2031F |
6.4.3 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Private Sector, 2021 - 2031F |
6.5 Bangladesh Low Power Wide Area Network Market, By Technology Service |
6.5.1 Overview and Analysis |
6.5.2 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Managed Services, 2021 - 2031F |
6.5.3 Bangladesh Low Power Wide Area Network Market Revenues & Volume, By Professional Services, 2021 - 2031F |
7 Bangladesh Low Power Wide Area Network Market Import-Export Trade Statistics |
7.1 Bangladesh Low Power Wide Area Network Market Export to Major Countries |
7.2 Bangladesh Low Power Wide Area Network Market Imports from Major Countries |
8 Bangladesh Low Power Wide Area Network Market Key Performance Indicators |
8.1 Number of IoT devices connected to LPWAN networks in Bangladesh. |
8.2 Average data transmission speed and latency in LPWAN networks. |
8.3 Percentage increase in LPWAN network coverage across different regions in Bangladesh. |
9 Bangladesh Low Power Wide Area Network Market - Opportunity Assessment |
9.1 Bangladesh Low Power Wide Area Network Market Opportunity Assessment, By Connectivity Technology, 2021 & 2031F |
9.2 Bangladesh Low Power Wide Area Network Market Opportunity Assessment, By Verticals, 2021 & 2031F |
9.3 Bangladesh Low Power Wide Area Network Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Bangladesh Low Power Wide Area Network Market Opportunity Assessment, By Network Deployment, 2021 & 2031F |
9.5 Bangladesh Low Power Wide Area Network Market Opportunity Assessment, By Technology Service, 2021 & 2031F |
10 Bangladesh Low Power Wide Area Network Market - Competitive Landscape |
10.1 Bangladesh Low Power Wide Area Network Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Low Power Wide Area Network Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |