LoRa and LoRaWAN IoT Market – Global Forecast to 2029
The LoRa and LoRaWAN IoT market 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%.
LoRa ＆ LoRaWAN IoT市場は、2024 年の 80 億米ドルから 2029 年までに 327 億米ドルに、32.4% の年平均成長率で成長すると予測されています。
Integration of LoRaWAN with other wireless technologies such as cellular, Wi-Fi, and Bluetooth facilitates the creation of hybrid IoT solutions that capitalize on the unique strengths of each technology. For instance, cellular connectivity offers broad coverage and high bandwidth suitable for applications requiring real-time data transmission over long distances or in urban environments where LoRa signals may face interference. Wi-Fi, on the other hand, provides high-speed data transfer within shorter ranges, making it ideal for local data aggregation and high-throughput applications in environments with existing Wi-Fi infrastructure. Additionally, Bluetooth enables short-range communication between devices, facilitating proximity-based interactions and device-to-device connectivity in scenarios such as asset tracking or indoor navigation.
The report provides insights on the following pointers:
1. Analysis of key drivers (rising demand for low-power, long-range, wide-area network connectivity, advancements in iot technologies, increasing focus on cost efficiency), restraints (interoperability issues, high initial deployment costs), opportunities (increasing smart city initiatives worldwide, integration with 5g), and challenges (lack of governance , technical complexity ) influencing the growth of the LoRa and LoRaWAN IoT market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the LoRa and LoRaWAN IoT market.
3. Market Development: Comprehensive information about lucrative markets – the report analyses the LoRa and LoRaWAN IoT market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the LoRa and LoRaWAN IoT market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corp. (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), Rakwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), Loriot (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), Radio Bridge Inc (US), Laird Connectivity (US).