LoRa and LoRaWAN IoT Market Share, Value, and Trends | 2032 Statistics Report

The LoRa and LoRaWAN IoT Market is Valued USD 5.6 billion by 2024 and projected to reach USD 39.0 billion by 2032, growing at a CAGR of 32.00% During the Forecast period of 2025-2032.

The Latest Market Research report on "Global LoRa and LoRaWAN IoT Market Report 2025 - Future Opportunities, Latest Trends, In-Depth Analysis, and Forecast to 2032" provides strategic insights into the global LoRa and LoRaWAN IoT market, including market size estimates (Volume - Million Units, Revenue - US$ Billion) for the period 2025 to 2032. This comprehensive study analyzes multiple market segments based on type and application, while also exploring different geographical regions. Additionally, the report features competitive profiling of leading LoRa and LoRaWAN IoT vendors, highlighting their latest advancements.

The study not only examines current market trends but also forecasts future trends that will shape demand. Year-on-year growth rates are provided for each market segment. Moreover, the report evaluates the production landscape, covering raw material costs, technology expenses, labor costs, and overall cost analysis for the LoRa and LoRaWAN IoT market.

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Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Cisco, NEC Corporation, Tata Communications, Semtech, Orange SA, Advantech, Comcast, AWS, Bosch, Murata, Laird Connectivity, Kerlink, Senet, Actility, Sensoterra, DIGI International, Nwave Technologies, RAKwireless, thethings.io, Datacake, MultiTech, Milesight, LORAIOT, Exosite, OrbiWise and s. and Other...

Market dynamics

Drivers:

Need for long-range, low-power connectivity: LoRa and LoRaWAN offer solutions for IoT devices that need to transmit data over long distances while consuming minimal power.
Rapid IoT adoption: With the expansion of IoT networks, LoRaWAN's scalability and reliability are attracting more companies.
Industry-specific applications: Industries such as agriculture, smart cities, and logistics benefit from the capabilities of LoRaWAN for tracking, monitoring, and managing assets.

Restraints:

Limited bandwidth: LoRaWAN has a lower data transmission rate compared to other technologies, which limits its use in applications that require large amounts of data.
Security concerns: IoT networks are prone to security threats, and LoRaWAN networks, while secure, still face challenges regarding end-to-end encryption and device authentication.

Challenges:

Network scalability: As the number of connected devices increases, ensuring that LoRaWAN networks scale without loss of performance or reliability could be challenging.
Competition from other IoT networks: LoRaWAN faces competition from cellular, Bluetooth, Zigbee, and other IoT protocols, each with its own advantages and disadvantages.

Opportunities:

Smart city applications: LoRaWAN is particularly suited for smart city initiatives, including smart metering, environmental monitoring, and infrastructure management.
Agriculture and asset tracking: The agricultural sector benefits from LoRa's ability to monitor equipment, livestock, and environmental conditions over wide areas.

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LoRa and LoRaWAN IoT Industry Segmentation:

Market Digits Group provides an analysis of the key trends in each segment of the global LoRa and LoRaWAN IoT market, along with forecasts at the global and regional levels from 2025-2032.

By Product:

Hardware

Platforms

Services

By Application:

Asset Tracking

Industrial IoT

Smart Cities

Smart Agriculture and Livestock Management

Smart Buildings

Smart Healthcare

Other Applications

By End User:

Retail

Manufacturing

Transportation & Logistics

Agriculture

Healthcare

Energy & Utilities

Government & Public Safety

Enterprise

Residential

Travel & Hospitality

Other End Users

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Report Content Brief:

- High-level analysis of the current and future LoRa and LoRaWAN IoT Market trends and opportunities

- Detailed analysis of current market drivers, restraining factors, and opportunities in the future

- LoRa and LoRaWAN IoT Market historical market size for the year 2020, and forecast from 2025 to 2032

- LoRa and LoRaWAN IoT Market share analysis at each product level

- Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.

- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.

- To identify and understand the various factors involved in the global LoRa and LoRaWAN IoT Market affected by the pandemic

- To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

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Regulatory & Policy Analysis: Compliance insights for market entry.

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We offer customization on report based on customer's specific requirement:

- country-level analysis for the 5 countries of your choice.

- competitive analysis of 5 key market players.

- 40 free analyst hours to cover any other data point.

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