Key Insights
The LoRa and LoRaWAN IoT connectivity market is experiencing robust growth, projected to reach \$8.05 billion in 2025 and exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 33.10% from 2019 to 2033. This expansion is driven by several key factors. The increasing demand for low-power, wide-area network (LPWAN) solutions across diverse sectors like smart agriculture, smart cities, industrial IoT, and logistics fuels market expansion. LoRaWAN's long-range capabilities, low power consumption, and cost-effectiveness make it a compelling choice for various IoT applications requiring extensive coverage and extended battery life for deployed sensors and devices. Furthermore, advancements in LoRaWAN technology, including improved security features and enhanced network capacity, are further boosting market adoption. The rise of IoT platform providers offering integrated solutions encompassing device management, data analytics, and application development further simplifies deployment and enhances the overall value proposition. Growing investments in research and development and the expanding ecosystem of LoRaWAN network operators and device manufacturers contribute significantly to the market's upward trajectory.
Competitive dynamics are shaping the market landscape. Established players like The Things Networks, Senet, and Actility are competing with newer entrants, fostering innovation and driving down costs. The market's segmentation, while not explicitly detailed, likely includes solutions categorized by frequency bands, deployment models (public vs. private networks), and application verticals. Geographical expansion is a key element of market growth, with regions experiencing varying levels of adoption based on technological maturity, regulatory frameworks, and industry-specific requirements. While challenges remain—such as interoperability issues and the need for robust security measures—the overall market outlook for LoRa and LoRaWAN remains exceptionally positive, projecting substantial growth throughout the forecast period.
LoRa and LoRaWAN IoT Connectivity Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the LoRa and LoRaWAN IoT connectivity market, covering market size, growth drivers, competitive landscape, and future trends. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report offers actionable insights for stakeholders across the IoT ecosystem. The report utilizes data from the historical period (2019-2024) and incorporates recent industry developments to provide a robust and up-to-date analysis. The total market size in 2025 is estimated at xx Million, and the CAGR for the forecast period is projected at xx%.
LoRa And LoRaWAN IoT Connectivity Market Market Concentration & Innovation
This section analyzes the market concentration, innovation drivers, regulatory frameworks, product substitutes, end-user trends, and M&A activities within the LoRa and LoRaWAN IoT connectivity market. The market is characterized by a moderately concentrated landscape with several key players holding significant market share. However, the emergence of new entrants and innovative technologies continues to reshape the competitive dynamics.
- Market Concentration: The top five players (The Things Networks, Senet, MachineQ (Comcast), Actility, and Semtech Corporation) collectively hold approximately xx% of the market share in 2025. Smaller players, including ChirpStack io, LorIoT AG, Digimondo GmbH, Digital Matter, Akenza AG, and Netmore Group, contribute to the remaining market share, fostering competition and innovation.
- Innovation Drivers: The demand for low-power, wide-area network (LPWAN) solutions is driving innovation in LoRaWAN technology. Developments in hardware, such as improved RF transceivers and enhanced gateway capabilities, are expanding the capabilities and applications of LoRaWAN networks.
- Regulatory Frameworks: Government regulations concerning data privacy, security, and spectrum allocation significantly impact the adoption of LoRaWAN technology. Compliance with these regulations is crucial for market players.
- Product Substitutes: Alternative LPWAN technologies, such as NB-IoT and Sigfox, compete with LoRaWAN. However, LoRaWAN's open-source nature, flexibility, and lower cost of deployment often provide a competitive advantage.
- End-User Trends: The increasing adoption of IoT devices in various sectors, including smart cities, agriculture, and industrial automation, fuels the growth of the LoRaWAN market. Demand for cost-effective, long-range connectivity solutions drives market expansion.
- M&A Activities: The LoRa and LoRaWAN IoT connectivity market has witnessed several mergers and acquisitions in recent years. While precise deal values are not publicly available for all transactions, the total value of M&A activities in the period 2019-2024 is estimated at xx Million. These activities often involve larger companies acquiring smaller, specialized firms to enhance their technological capabilities or expand their market reach.
LoRa And LoRaWAN IoT Connectivity Market Industry Trends & Insights
The LoRa and LoRaWAN IoT connectivity market is experiencing robust growth driven by several key factors. The increasing adoption of IoT across diverse sectors, the need for reliable and low-power long-range communication, and continuous technological advancements are significant contributors to market expansion.
The Compound Annual Growth Rate (CAGR) for the market is projected at xx% from 2025 to 2033. Market penetration continues to rise, with LoRaWAN networks being deployed in various applications globally. Technological disruptions, such as the development of full-duplex gateways and improved sensor technology, are driving further growth. Consumer preferences are shifting towards energy-efficient and cost-effective solutions, aligning perfectly with the features of LoRaWAN. Competitive dynamics are characterized by both established players and emerging companies, leading to innovation and continuous improvement in technology and services. This dynamic competitive landscape contributes to price optimization, service enhancements, and overall market expansion.
Dominant Markets & Segments in LoRa And LoRaWAN IoT Connectivity Market
The LoRa and LoRaWAN IoT connectivity market exhibits strong growth across various regions and segments. However, North America currently holds the dominant position, driven by advanced infrastructure, early adoption of IoT technologies, and a robust regulatory framework.
- Key Drivers for North American Dominance:
- Advanced Infrastructure: Existing robust telecommunications infrastructure facilitates easier deployment of LoRaWAN networks.
- Early Adoption of IoT: North America has witnessed early and significant adoption of IoT technologies across various sectors.
- Supportive Regulatory Environment: A relatively supportive regulatory environment streamlines the process of deploying and operating LoRaWAN networks.
- Strong Investment in R&D: Significant investments in research and development within the region lead to technological advancements and innovation.
While North America is the leading region, significant growth is projected for Europe and Asia-Pacific in the forecast period. These regions are witnessing increasing investments in smart city initiatives and industrial IoT deployments, propelling the adoption of LoRaWAN technology. Specific country-level dominance within these regions varies based on factors such as government policies, economic conditions, and the level of technological maturity.
LoRa And LoRaWAN IoT Connectivity Market Product Developments
Recent product innovations focus on improving the range, reliability, and security of LoRaWAN networks. The development of full-duplex gateways enables bidirectional communication, enhancing real-time data exchange. New concentrator modules, like those introduced by RAKwireless, support high-density network deployments crucial for applications in smart cities and industrial automation. These advancements are expanding LoRaWAN's applicability, providing competitive advantages in cost, power efficiency, and scalability compared to other LPWAN solutions.
Report Scope & Segmentation Analysis
This report segments the LoRa and LoRaWAN IoT connectivity market by various factors, including region (North America, Europe, Asia-Pacific, Rest of the World), deployment type (public, private), application (smart city, agriculture, industrial automation, etc.), and component (hardware, software, services). Each segment presents distinct growth projections, market sizes, and competitive dynamics. For example, the smart city segment is expected to experience a higher CAGR than industrial automation due to increasing urbanization and the demand for intelligent infrastructure solutions. Similarly, the services segment holds a high market share due to the growing demand for network management and integration services. The differences in CAGR and market share among the segments reflect the varied pace of adoption and the specific characteristics of each segment.
Key Drivers of LoRa And LoRaWAN IoT Connectivity Market Growth
Several factors contribute to the rapid expansion of the LoRa and LoRaWAN IoT connectivity market. Technological advancements, such as the development of more power-efficient devices and improved network infrastructure, are significant drivers. The growing adoption of IoT in diverse sectors, including smart agriculture, logistics, and healthcare, fuels market expansion. Furthermore, favorable government policies and incentives promote the deployment of LoRaWAN networks, stimulating market growth. The increasing need for cost-effective, long-range connectivity solutions is also a key driver.
Challenges in the LoRa And LoRaWAN IoT Connectivity Market Sector
Despite the significant growth potential, the LoRa and LoRaWAN IoT connectivity market faces certain challenges. Interoperability issues between different LoRaWAN devices and networks can hinder seamless integration. Security concerns related to data breaches and network vulnerabilities pose a significant challenge. Supply chain disruptions can affect the availability and cost of components, impacting market growth. Lastly, competition from alternative LPWAN technologies presents a continuing challenge requiring ongoing innovation and strategic positioning.
Emerging Opportunities in LoRa And LoRaWAN IoT Connectivity Market
The LoRa and LoRaWAN IoT connectivity market presents significant emerging opportunities. The expansion of LoRaWAN networks into new and underserved markets offers substantial potential for growth. The integration of LoRaWAN with other technologies, such as artificial intelligence (AI) and machine learning (ML), creates opportunities for developing sophisticated IoT applications. The increasing demand for secure and reliable LPWAN solutions in various industries presents a substantial growth opportunity for market players.
Leading Players in the LoRa And LoRaWAN IoT Connectivity Market Market
- The Things Networks
- Senet
- MachineQ (Comcast)
- LorIoT AG
- ChirpStack io
- Actility
- Semtech Corporation
- Digimondo GmbH
- Digital Matter
- Akenza AG
- Netmore Group
Key Developments in LoRa And LoRaWAN IoT Connectivity Market Industry
- April 2024: RAKwireless launched the RAK5166/67 WisLink M.2 concentrator module and the RAK7285 WisGate Edge Ultra Full-Duplex gateway, enhancing capabilities for dense network deployments.
- February 2024: Advantech introduced the EVA-2000 series of LoRaWAN-enabled smart wireless sensors for industrial automation and environmental monitoring.
Strategic Outlook for LoRa And LoRaWAN IoT Connectivity Market Market
The LoRa and LoRaWAN IoT connectivity market is poised for continued growth, driven by the expanding adoption of IoT devices and the increasing demand for secure, low-power, long-range communication solutions. Strategic partnerships, technological advancements, and the expansion into new application areas will play crucial roles in shaping future market dynamics. The continuous improvement in LoRaWAN technology, alongside the emergence of new use cases, guarantees sustained market expansion and presents significant opportunities for industry players to capture market share.
LoRa And LoRaWAN IoT Connectivity Market Segmentation
-
1. Offering
- 1.1. Hardware
- 1.2. IoT Software/Platform
- 1.3. Services
-
2. Size of Enterprise
- 2.1. Small and Medium Enterprises
- 2.2. Large Enterprises
-
3. Industry Vertical
- 3.1. Healthcare
- 3.2. Transportation and Logistics
- 3.3. Government and Public Sector
- 3.4. Retail and E-commerce
- 3.5. Manufacturing
- 3.6. Energy and Utilities
- 3.7. Other Industry Verticals
LoRa And LoRaWAN IoT Connectivity Market Segmentation By Geography
- 1. North America
- 2. Europe
- 3. Asia Pacific
- 4. Rest of the World
LoRa And LoRaWAN IoT Connectivity Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 33.10% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Proliferation of Connected Devices Gathering Data and Controlling Things; Digital Transformation and Industrial Automation
- 3.3. Market Restrains
- 3.3.1. Proliferation of Connected Devices Gathering Data and Controlling Things; Digital Transformation and Industrial Automation
- 3.4. Market Trends
- 3.4.1. Digital Transformation and Industrial Automation to Drive the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. LoRa And LoRaWAN IoT Connectivity Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Offering
- 5.1.1. Hardware
- 5.1.2. IoT Software/Platform
- 5.1.3. Services
- 5.2. Market Analysis, Insights and Forecast - by Size of Enterprise
- 5.2.1. Small and Medium Enterprises
- 5.2.2. Large Enterprises
- 5.3. Market Analysis, Insights and Forecast - by Industry Vertical
- 5.3.1. Healthcare
- 5.3.2. Transportation and Logistics
- 5.3.3. Government and Public Sector
- 5.3.4. Retail and E-commerce
- 5.3.5. Manufacturing
- 5.3.6. Energy and Utilities
- 5.3.7. Other Industry Verticals
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Rest of the World
- 5.1. Market Analysis, Insights and Forecast - by Offering
- 6. North America LoRa And LoRaWAN IoT Connectivity Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Offering
- 6.1.1. Hardware
- 6.1.2. IoT Software/Platform
- 6.1.3. Services
- 6.2. Market Analysis, Insights and Forecast - by Size of Enterprise
- 6.2.1. Small and Medium Enterprises
- 6.2.2. Large Enterprises
- 6.3. Market Analysis, Insights and Forecast - by Industry Vertical
- 6.3.1. Healthcare
- 6.3.2. Transportation and Logistics
- 6.3.3. Government and Public Sector
- 6.3.4. Retail and E-commerce
- 6.3.5. Manufacturing
- 6.3.6. Energy and Utilities
- 6.3.7. Other Industry Verticals
- 6.1. Market Analysis, Insights and Forecast - by Offering
- 7. Europe LoRa And LoRaWAN IoT Connectivity Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Offering
- 7.1.1. Hardware
- 7.1.2. IoT Software/Platform
- 7.1.3. Services
- 7.2. Market Analysis, Insights and Forecast - by Size of Enterprise
- 7.2.1. Small and Medium Enterprises
- 7.2.2. Large Enterprises
- 7.3. Market Analysis, Insights and Forecast - by Industry Vertical
- 7.3.1. Healthcare
- 7.3.2. Transportation and Logistics
- 7.3.3. Government and Public Sector
- 7.3.4. Retail and E-commerce
- 7.3.5. Manufacturing
- 7.3.6. Energy and Utilities
- 7.3.7. Other Industry Verticals
- 7.1. Market Analysis, Insights and Forecast - by Offering
- 8. Asia Pacific LoRa And LoRaWAN IoT Connectivity Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Offering
- 8.1.1. Hardware
- 8.1.2. IoT Software/Platform
- 8.1.3. Services
- 8.2. Market Analysis, Insights and Forecast - by Size of Enterprise
- 8.2.1. Small and Medium Enterprises
- 8.2.2. Large Enterprises
- 8.3. Market Analysis, Insights and Forecast - by Industry Vertical
- 8.3.1. Healthcare
- 8.3.2. Transportation and Logistics
- 8.3.3. Government and Public Sector
- 8.3.4. Retail and E-commerce
- 8.3.5. Manufacturing
- 8.3.6. Energy and Utilities
- 8.3.7. Other Industry Verticals
- 8.1. Market Analysis, Insights and Forecast - by Offering
- 9. Rest of the World LoRa And LoRaWAN IoT Connectivity Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Offering
- 9.1.1. Hardware
- 9.1.2. IoT Software/Platform
- 9.1.3. Services
- 9.2. Market Analysis, Insights and Forecast - by Size of Enterprise
- 9.2.1. Small and Medium Enterprises
- 9.2.2. Large Enterprises
- 9.3. Market Analysis, Insights and Forecast - by Industry Vertical
- 9.3.1. Healthcare
- 9.3.2. Transportation and Logistics
- 9.3.3. Government and Public Sector
- 9.3.4. Retail and E-commerce
- 9.3.5. Manufacturing
- 9.3.6. Energy and Utilities
- 9.3.7. Other Industry Verticals
- 9.1. Market Analysis, Insights and Forecast - by Offering
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 The Things Networks
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Senet
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 MachineQ (Comcast)
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 LorIoT AG
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 ChirpStack io
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Actility
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Semtech Corporation
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Digimondo GmbH
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Digital Matter
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Akenza AG
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 Netmore Group7 2 LoRa and LoRaWAN IoT Product Benchmarking Analysi
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.1 The Things Networks
List of Figures
- Figure 1: LoRa And LoRaWAN IoT Connectivity Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: LoRa And LoRaWAN IoT Connectivity Market Share (%) by Company 2024
List of Tables
- Table 1: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Region 2019 & 2032
- Table 3: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Offering 2019 & 2032
- Table 4: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Offering 2019 & 2032
- Table 5: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Size of Enterprise 2019 & 2032
- Table 6: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Size of Enterprise 2019 & 2032
- Table 7: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Industry Vertical 2019 & 2032
- Table 8: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Industry Vertical 2019 & 2032
- Table 9: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Region 2019 & 2032
- Table 10: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Region 2019 & 2032
- Table 11: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Offering 2019 & 2032
- Table 12: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Offering 2019 & 2032
- Table 13: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Size of Enterprise 2019 & 2032
- Table 14: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Size of Enterprise 2019 & 2032
- Table 15: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Industry Vertical 2019 & 2032
- Table 16: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Industry Vertical 2019 & 2032
- Table 17: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Country 2019 & 2032
- Table 18: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Country 2019 & 2032
- Table 19: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Offering 2019 & 2032
- Table 20: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Offering 2019 & 2032
- Table 21: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Size of Enterprise 2019 & 2032
- Table 22: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Size of Enterprise 2019 & 2032
- Table 23: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Industry Vertical 2019 & 2032
- Table 24: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Industry Vertical 2019 & 2032
- Table 25: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Country 2019 & 2032
- Table 26: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Country 2019 & 2032
- Table 27: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Offering 2019 & 2032
- Table 28: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Offering 2019 & 2032
- Table 29: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Size of Enterprise 2019 & 2032
- Table 30: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Size of Enterprise 2019 & 2032
- Table 31: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Industry Vertical 2019 & 2032
- Table 32: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Industry Vertical 2019 & 2032
- Table 33: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Country 2019 & 2032
- Table 34: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Country 2019 & 2032
- Table 35: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Offering 2019 & 2032
- Table 36: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Offering 2019 & 2032
- Table 37: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Size of Enterprise 2019 & 2032
- Table 38: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Size of Enterprise 2019 & 2032
- Table 39: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Industry Vertical 2019 & 2032
- Table 40: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Industry Vertical 2019 & 2032
- Table 41: LoRa And LoRaWAN IoT Connectivity Market Revenue Million Forecast, by Country 2019 & 2032
- Table 42: LoRa And LoRaWAN IoT Connectivity Market Volume Billion Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the LoRa And LoRaWAN IoT Connectivity Market?
The projected CAGR is approximately 33.10%.
2. Which companies are prominent players in the LoRa And LoRaWAN IoT Connectivity Market?
Key companies in the market include The Things Networks, Senet, MachineQ (Comcast), LorIoT AG, ChirpStack io, Actility, Semtech Corporation, Digimondo GmbH, Digital Matter, Akenza AG, Netmore Group7 2 LoRa and LoRaWAN IoT Product Benchmarking Analysi.
3. What are the main segments of the LoRa And LoRaWAN IoT Connectivity Market?
The market segments include Offering, Size of Enterprise , Industry Vertical .
4. Can you provide details about the market size?
The market size is estimated to be USD 8.05 Million as of 2022.
5. What are some drivers contributing to market growth?
Proliferation of Connected Devices Gathering Data and Controlling Things; Digital Transformation and Industrial Automation.
6. What are the notable trends driving market growth?
Digital Transformation and Industrial Automation to Drive the Market.
7. Are there any restraints impacting market growth?
Proliferation of Connected Devices Gathering Data and Controlling Things; Digital Transformation and Industrial Automation.
8. Can you provide examples of recent developments in the market?
In April 2024, RAKwireless unveiled two LoRaWAN products: the RAK5166/67 WisLink M.2 3042/2280 concentrator module, leveraging the Semtech SX1303 RF transceiver, and the RAK7285 WisGate Edge Ultra Full-Duplex gateway. These offerings are tailored for dense network setups, making them ideal for applications in smart city infrastructure, metering, and any scenario demanding robust, large-scale bidirectional communication.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in Billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "LoRa And LoRaWAN IoT Connectivity Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the LoRa And LoRaWAN IoT Connectivity Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the LoRa And LoRaWAN IoT Connectivity Market?
To stay informed about further developments, trends, and reports in the LoRa And LoRaWAN IoT Connectivity Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
