WPA LSG and FT and NMS Market

The global WPA LSG and FT and NMS Market is valued at USD 1.23 Billion in 2022 and is projected to reach a value of USD 2.52 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 9.3% between 2023 and 2030.

Premium Insights

Globally, 5G Network connections are increasing. Still, it is most noticeable in Asia-pacific, where mobile subscribers and IoT connections are expected to grow significantly, from 574 million in 2021 to 3.2 billion by 2025. This growth results from a strong five-year compound annual growth rate (CAGR) of 87.9 percent. Also, the Industrial Internet of Things (IoT) is a primary driver behind telecom operators' planned rollout of 5G services in Asia-Pacific. Notably, approximately 12.4 percent of Asia-Pacific telecom operators surveyed identify IoT as a significant component among their key motives for deploying 5G technology. For instance, it is expected that by the end of 2028, the number of 5G subscribers in India will have risen to 700 million, accounting for a sizable 57% share of total mobile subscriptions.

• The rapid proliferation of IoT devices, cloud computing adoption, remote work trends, complex network architectures, high-speed and low-latency network needs, emerging technologies like 5G and edge computing, proactive monitoring, and advancements in AI and ML algorithms are driving the surge in demand for robust network management solutions.
• North America generated more than 41.60% of revenue share in 2022
• Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
• The Performance Monitoring segment accounted for the largest market growth. It contributed more than 36.5% of the total revenue share in 2022 due to its critical significance in guaranteeing high-accuracy GNSS receivers' ongoing and optimal operation, resulting in significant market growth for the segment.
• Network Operators segment revealed the most significant market growth, contributing more than 38.2% of the total revenue share in 2022

Economic Insights

The global WPA LSG and FT and NMS market has shown strong economic growth during the forecast period. A key growth driver is the increasing need for network security solutions, driven by organizations' increased reliance on networks for critical activities. To strengthen network defenses against cyber-attacks, these marketplaces include complete features such as authentication, authorization, encryption, and intrusion detection. Furthermore, as organizations seek secure cloud environments, increasing cloud computing usage has helped the markets expansion. Cloud-specific protections such as cloud access security broker (CASB) and cloud security posture management (CSPM) are provided by WPA LSG and FT and NMS solutions. For instance, Paessier launched Passler Building Monitor, a new SaaS, in September 2021. It provided monitoring based on building data collected by the system using LPWAN technology. It enabled the early discovery and eradication of hazards. It also assisted in the identification of potential cost savings and optimizations.

Top Market Trends

• Advancements in Technology: Advancements in materials and tech benefit all three markets, such as GaN-on-Si tech influencing power amplifiers, LED lighting, and fiber optics.
• IoT Integration: Integration with IoT and connectivity are apparent, seen in smart lighting, network management via IoT, and interconnected power needs for IoT devices.
• Bandwidth Surge: As data-hungry apps proliferate, a common trend of increased bandwidth demand occurs, influencing power amps, optical data transfer, and needing simplified network administration.
• 5G Adoption: 5G is preferred by enterprises safeguarding wireless networks and managing multiple devices because of its increased security and scalability.
• Cloud-Based NMS Demand: Cloud NMS attracts enterprises of all sizes because of its scalability, flexibility, and cost advantage.
• Network Security Concerns: WPA LSG and FT and NMS technologies assist in protecting networks against network threats as reliance on wireless grows, so does cyber risk.

Market Segmentation

WPA LSG and FT and NMS {{Segmentation_Ext}}

Based on Product

Performance Monitoring holds the largest share

In 2022, the Performance Monitoring category will generate the most revenue in the WPA LSG and FT and NMS markets. This is because there is a growing demand for solutions that can assist businesses in monitoring the performance of their wireless networks. Performance monitoring tools can assist enterprises in identifying and troubleshooting network issues, hence improving network performance and reliability.

Based on Application

Network Operators will dominate the market during Forecast Period

The Network Operators segment will dominate the WPA LSG and FT and NMS markets during the projected period. This is due to network operators' increased demand for WPA LSG and FT and NMS solutions. Network operators must manage many wireless devices, networks, and solutions to monitor and safeguard their networks.

Based on Region

North America will lead the market

North America lead the WPA LSG and FT and NMS market throughout the projected period. The regions prominence originates from the increasing usage of 5G networks, which provide enhanced security and scalability to enterprises seeking powerful wireless network protection and efficient support for a wide range of devices. Furthermore, the growing demand for cloud-based NMS solutions in North America is driven by its advantages over traditional on-premises alternatives, which include scalability, flexibility, and cost-effectiveness, catching the attention of enterprises of all sizes. Furthermore, North Americas growing concerns about network security highlight the necessity of protecting wireless infrastructures from cyber threats, a role played by WPA LSG and FT and NMS solutions, reinforcing the regions market leadership.

Competitive Landscape

The global WPA LSG and FT and NMS market is fragmented, including numerous manufacturers, suppliers, and distributors catering to different regions and specialized niches. Different participants' varying levels of technological innovation, product features, and pricing strategies further influence the markets dispersion. This fragmentation fosters healthy competition and encourages innovation as companies strive to differentiate their offerings and capture specific market segments. For instance, Ericsson and Intel created a Tech Hub in May 2022 to enable Ericsson cloud hub RAN and Intel to improve their energy efficiency and network performance while reducing time to market.

The players in the global WPA LSG and FT and NMS market include Check Point among others.

Recent Market Developments

• May 2022: LiveAction will unveil a new partner site, allowing the companys partner community to collaborate more easily and effectively. It would let or equip their agents with the ability to manage and train their order pipeline.
• February 2022: NetScout announced GeniusEDGE Server, providing customers with a high-quality user experience and the required visibility and insights. It also provides a faster way to discover and remedy end-user performance concerns.

Segmentation of the Global WPA LSG and FT and NMS Market