LoRa and LoRaWAN IoT Market

The global LoRa and LoRaWAN IoT market size is projected to grow from USD 8.0 billion in 2024 to USD 32.7 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 32.4% during the forecast period. LoRaWAN's architecture is a pivotal pillar in the exponential growth of the IoT market, particularly for LoRa-based solutions. Its unparalleled scalability enables the seamless integration of thousands of devices within a single network infrastructure. This capability is pivotal for developing IoT applications across diverse domains, from large industrial facilities to sprawling campuses and densely populated metropolitan areas. LoRaWAN's ability to accommodate such massive deployments ensures efficient communication and data exchange among myriad sensors and devices, laying the foundation for robust and interconnected IoT ecosystems. As the demand for IoT solutions continues to surge across various sectors, LoRaWAN's scalability emerges as a critical growth factor, facilitating the seamless expansion of IoT networks to accommodate evolving requirements and burgeoning device populations. This scalability enhances operational efficiency and fosters innovation, driving the proliferation of transformative IoT applications and services in the global market landscape.

Top LoRa and LoRaWAN IoT Companies include

• Bosch Group (Germany)
• Cisco (US)
• Orange SA (France)
• Semtech (US)
• NEC Corporation(Japan) and many more....

The market players have adopted various strategies to strengthen their LoRa and LoRaWAN IoT market position. Organic and inorganic strategies have helped the market players expand globally by providing advanced building automation solutions.

To know about the assumptions considered for the study download the pdf brochure

The Bosch Group

The Bosch Group is a global supplier of technology and services. It consists of Robert Bosch GmbH and approximately 470 subsidiary and regional companies spread across 60 countries. The company has a geographic presence in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. With sales and service partners included, Bosch operates a comprehensive global network encompassing manufacturing, engineering, and sales, reaching almost every nation worldwide.

The Bosch Group’s operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company offers diverse solutions in the IoT field through its IoT Suite, a family of products and services in IoT device management, IoT data management, and IoT edge. It provides innovative solutions for smart homes, Industry 4.0, and connected mobility. Driven by its expertise, Bosch aims to use technology to shape universal trends such as automation, electrification, digitalization, and connectivity. The company also intends to develop and manufacture user-friendly, sustainable products by leveraging its connectivity and artificial intelligence expertise.

Cisco Systems

Cisco is a multinational technology conglomerate that is widely recognized in the field of networking hardware, telecommunications equipment, and other high-technology services and products. The company’s business is organized into three geographic segments: Americas, Europe, Middle East, Africa (EMEA), Asia Pacific, Japan, and China (APJC). Cisco caters to diverse industries such as energy, government, education, financial services, retail, sports and entertainment, manufacturing, healthcare, transportation, and hospitality. Its products and technologies are grouped into six categories: Secure, Agile Networks, Internet for the Future, Collaboration, End-to-End Security, Optimized Application Experiences, and Other Products. In addition to its product offerings, Cisco provides various services, including technical support and advanced services.

The company has introduced several innovations that extend its networking capabilities to wireless and enterprise routing products, including Software-Defined Wide Area Network (SD-WAN) and Internet of Things (IoT) edge platforms. It offers a range of LoRaWAN-compliant products and services that connect IoT sensors and endpoints across cities and rural areas. It addresses various use cases such as asset tracking, smart city management, optimizing manufacturing processes, and water and gas metering. It offers its LoRaWAN solution to service providers, public sector, and enterprise customers.

Orange SA

Orange SA is a significant player in the LoRa and LoRaWAN IoT market, leveraging its extensive telecommunications infrastructure to provide robust IoT connectivity solutions. Orange's LoRaWAN network covers a wide range of regions, facilitating the deployment of low-power, long-range IoT applications. These applications include smart city initiatives, industrial monitoring, asset tracking, and environmental sensing. By offering end-to-end IoT solutions, including connectivity, data management, and analytics, Orange SA enables businesses to implement cost-effective and scalable IoT projects. Their commitment to innovation and strategic partnerships further strengthens their position in the rapidly evolving IoT landscape.

Semtech

Semtech Corporation is a leading provider in the LoRa and LoRaWAN IoT market, known for developing and commercializing the LoRa (Long Range) wireless radio frequency technology. Semtech's LoRa technology enables long-range, low-power communication, making it ideal for a variety of IoT applications, including smart cities, agriculture, industrial automation, and asset tracking. As the founding member of the LoRa Alliance, Semtech plays a crucial role in promoting the global adoption of the LoRaWAN protocol, ensuring interoperability and standardization across IoT devices and networks. Their innovations in IoT connectivity drive significant advancements in the efficiency and scalability of IoT solutions worldwide.

NEC Corporation

NEC Corporation is a prominent player in the LoRa and LoRaWAN IoT market, leveraging its extensive expertise in information and communication technologies to provide advanced IoT solutions. NEC focuses on integrating LoRaWAN technology into its wide array of smart city and industrial IoT applications, including environmental monitoring, smart metering, and logistics. By partnering with various stakeholders and utilizing its robust network infrastructure, NEC enhances connectivity and data management, promoting efficient and sustainable IoT ecosystems. Their commitment to innovation and collaboration helps drive the widespread adoption and implementation of LoRaWAN technology across different sectors.

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LoRa and LoRaWAN IoT Market by Network Deployment (Public, Private, Hybrid), Application (Asset Tracking, Industrial IoT, Smart Cities, Smart Healthcare, Smart Agriculture & Livestock Management, Disaster Management) - Global Forecast to 2029