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1. LAN means local area network and WAN means wide area network.
2. LANs connect users and applications in close geographical proximity (same building) whereas WANs connect users and applications in geographically dispersed locations (across the globe).
3. LANs use OSI Layer 1 and Layer 2 data connection equipment for transmission and
WANs use Layer 1, 2, and 3 network devices for data transmission.
4. LANs are faster, because they span less distance and have less congestion.
WANs are slightly slower, but that may not be perceived.
5. LANs are good for private IoT networks, bot networks, and small business networks whereas WANs are good for disaster recovery, applications with global users, and large corporate networks.