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LoRaWAN Market Share

Report ID: GMI5452
Published Date: Mar 2023
Report Format: PDF

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LoRaWAN Market Share

Some of the leading companies operating in the LoRaWAN market are

Orange
KPN
Cisco System Inc.
Everynet
Kerlink
LORIOT AG
Microchip Technology Inc.
Meshed
TEKTELIC Communications Inc.
National Narrowband Network Co. (NNNCo.)
Worldsensing

Through 2032, novel product launches are expected to outline the market scenario as firms vie for a larger share of the revenues.

Back in May 2022, Cisco unveiled the LoRaWAN gateway, its new IoT extension module series to add a remote ruggedized LoRaWAN radio modem interface that creates a gateway between its Field Network Director and the LoRa network server of a partner.

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.