LoRaWAN Market, By Component (Hardware, Software, and Services), By Deployment Mode (Public, Private, and Hybrid), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

Global LoRaWAN Market is estimated to be valued at US$ 4.98 Bn in 2025 and is expected to reach US$ 40.07 Bn by 2032, growing at a compound annual growth rate (CAGR) of 34.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 4.98 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	34.70%	2032 Value Projection:	USD 40.07 Bn

Figure. LoRaWAN Market Share (%), By Region 2025

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

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

Product Code: CMI7774

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. 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

3. 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

4. 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)

5. 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)

6. 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

7. 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)
Microsoft
STMicroelectronics

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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