Table of Content - LoRaWAN Market

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 (USD Bn) 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

Component Insights (Revenue, USD Bn, 2020-2032)

Hardware
Software
Services

Deployment Mode Insights (Revenue, USD Bn, 2020-2032)

Public
Private
Hybrid

Regional Insights (Revenue, USD Bn, 2020-2032)

North America

U.S.
Canada

Latin America

Brazil
Argentina
Mexico
Rest of Latin America

Europe

Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe

Asia Pacific

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

GCC Countries
Israel
Rest of Middle East

Africa

South Africa
North Africa
Central Africa

Key Players Insights

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
STMicroelectronics

Table of Contents

Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

Market Purview

Report Description

Market Definition and Scope

Executive Summary

Global LoRaWAN Market, By Component
Global LoRaWAN Market, By Deployment Mode
Global LoRaWAN Market, By Region

Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

Global LoRaWAN Market, By Component, 2020-2032, (USD Bn)

Introduction

Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends

Hardware

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

Software

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

Services

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

Global LoRaWAN Market, By Deployment Mode, 2020-2032, (USD Bn)

Introduction

Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends

Public

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

Private

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

Hybrid

Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

Global LoRaWAN Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction

Market Share (%) Analysis, 2025,2028 & 2032, Value (USD Bn)
Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
Regional Trends

North America

Introduction
Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Deployment Mode, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)

U.S.
Canada

Latin America

Introduction
Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Deployment Mode, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)

Brazil
Argentina
Mexico
Rest of Latin America

Europe

Introduction
Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Deployment Mode, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)

Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe

Asia Pacific

Introduction
Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Deployment Mode, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)

China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East

Introduction
Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Deployment Mode, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)

GCC Countries
Israel
Rest of Middle East

Africa

Introduction
Market Size and Forecast, By Component, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Deployment Mode, 2020 - 2032, Value (USD Bn)
Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)

South Africa
North Africa
Central Africa

Competitive Landscape

Bosch Group (Germany)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Cisco (US)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Orange SA (France)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Comcast Corporation (US)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Semtech (US)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

NEC Corporation (Japan)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Tata Communications (India)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

AWS (US)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Advantech (Taiwan)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

SK Telecom (South Korea)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Actility

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Kerlink

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

MachineQ (a Comcast Company)

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Microsoft

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

STMicroelectronics

Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies

Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

References and Research Methodology

References
Research Methodology
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