LORAWAN MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 - 2032)
The Global LoRaWAN Market is estimated to be valued at USD 4.98 Bn in 2025 and is expected to reach USD 40.07 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 34.7% from 2025 to 2032. The introduction of Long Range Wide-Area Network (LoRaWAN) technology has enabled low-power IoT devices to connect and communicate over long ranges via low-power consumption. LoRaWAN offers an optimal solution for IoT applications in smart cities, utilities, and industrial domains that require cost-effective connectivity for assets located over large geographical areas. The LoRaWAN protocol is uniquely suited for applications that require bi-directional communication with low data rates and limited mobility over long-range distances. The widespread deployment of Low-Power Wide-Area Networks (LPWANs) like LoRaWAN is supporting the growth of scalable IoT infrastructure globally.
Market Dynamics:
The global LoRaWAN market is driven by the increasing adoption of IoT applications across various industries. The ability of LoRaWAN to provide cost-effective connectivity for assets located over large areas is boosting its adoption for smart city, smart metering, and industrial IoT use cases. However, lack of standardization and limitations in terms of data rates pose challenges. Emerging opportunities lie in integrating LoRaWAN with 5G cellular networks to realize the full potential of IoT. Also, the development of private LoRaWAN networks by enterprises for their specific IoT deployments present a lucrative opportunity.
Key Features of the Study:
- This report provides in-depth analysis of the global LoRaWAN market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global LoRaWAN market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation (Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Actility, Kerlink, MachineQ (a Comcast Company), Microsoft, and STMicroelectronics
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global LoRaWAN market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global LoRaWAN market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'LoRaWAN Market' - Global forecast to 2032
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