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LoRaWAN Market Share

Report ID: GMI5452
Published Date: Dec 2024
Report Format: PDF

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LoRaWAN Market Share

Cisco System Inc., Orange, and Swisscom AG collectively held a substantial market share of over 22% in the LoRaWAN industry in 2024. Cisco has announced its exit from the market by 2029, marking a significant strategic shift for the company. As Cisco focuses on AI, cloud computing, and cybersecurity, it will gradually phase out its LoRaWAN products, including the 800 MHz and 900 MHz gateways. This decision aligns with Cisco's cost-cutting measures, which include workforce reductions, and highlights the profitability challenges within the LoRaWAN segment.

Orange is leveraging LoRaWAN technology to enhance its IoT services, particularly in smart cities, industrial monitoring, and logistics. The company is expanding its LoRaWAN network coverage in Europe while integrating it with complementary technologies such as NB-IoT. Orange actively promotes innovation by collaborating with enterprises and startups to deploy scalable IoT solutions across various industries.

Swisscom has integrated LoRaWAN into its IoT portfolio to support applications in agriculture, environmental monitoring, and asset tracking. The company emphasizes energy efficiency and long-range communication in its LoRaWAN solutions. Swisscom also fosters partnerships with technology providers and customers to create tailored solutions that meet the specific demands of diverse sectors.

LoRaWAN Market Companies

Major players operating in the LoRaWAN industry are:

A2A Smart City
Actility
Cisco System
Kerlink
KPN
Microchip Technology
Orange
SMtech
Swisscom AG
TEKTELIC Communications

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of LoRaWAN held a valuation of USD 2 billion in 2022, led by increasing investments towards smart city initiatives, the market is anticipated to grow at more than 40% CAGR through 2032.

The LoRaWAN hardware components segment is slated to surpass a valuation of more than USD 30 billion by 2032, fueled by the increasing use of LoRaWAN end-nodes for tracking and monitoring purposes.

The market for LoRaWAN in North America was valued at more than USD 900 million in 2022, increasing industry player collaborations and smart city investments are likely to impel the regional growth moving forward.

The list of leading industry players includes the likes of Orange, KPN, Cisco System Inc., Everynet, Kerlink, LORIOT AG, Microchip Technology Inc., Meshed, TEKTELIC Communications Inc., National Narrowband Network Co.(NNNCo.), and Worldsensing.