The LoRa and LoRaWAN IoT Market is expected to register a CAGR of 36.2% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Component (Hardware, Software, Services); Deployment (Public Network, Private Network, Hybrid Network); Organization Size (Large Enterprises, SMEs); End Users (Manufacturing, Transportation & Logistics, Energy & Utilities, Government & Public Safety, Healthcare, Retail, others). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the Report
The report LoRa and LoRaWAN IoT Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
LoRa and LoRaWAN IoT Market Segmentation
Component
- Hardware
- Software
- Services
Deployment
- Public Network
- Private Network
- Hybrid Network
Organization Size
- Large Enterprises
- SMEs
End Users
- Manufacturing
- Transportation & Logistics
- Energy & Utilities
- Government & Public Safety
- Healthcare
- Retail
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LoRa and LoRaWAN IoT Market: Strategic Insights
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LoRa and LoRaWAN IoT Market Growth Drivers
- Increasing Demand for Network Automation: As businesses expand and the complexity of IT infrastructures grow, there is a rising demand for network automation solutions. DDI (DNS, DHCP, and IP Address Management) solutions automate network operations, improving operational efficiency, reducing manual errors, and enabling scalability. This increased demand for automation in managing dynamic IP address environments directly drives the growth of the DDI market.
- Proliferation of IoT Devices: The rapid increase in connected devices, fueled by the Internet of Things (IoT), has significantly expanded the need for efficient IP address management. DDI solutions help manage a vast number of IP addresses, providing real-time data and minimizing downtime by automating IP allocation and ensuring network scalability, driving DDI market growth.
- . Cybersecurity Threats and Network Complexity: With rising cybersecurity threats and more complex networks, businesses require robust DNS, DHCP, and IP address management solutions for better control, visibility, and security. DDI solutions enhance network resilience, ensuring protection against DDoS attacks, DNS spoofing, and other vulnerabilities, which is a key driver for the market.
LoRa and LoRaWAN IoT Market Future Trends
- Cloud-based DDI Solutions: Cloud adoption is growing rapidly across industries, leading to an increasing preference for cloud-based DDI solutions. These solutions offer flexibility, cost-effectiveness, and scalability, enabling businesses to manage network infrastructure across multiple environments. The shift towards cloud-based services is a significant trend fueling the expansion of the DDI market.
- Integration with SDN and NFV: The integration of DDI solutions with Software-Defined Networking (SDN) and Network Function Virtualization (NFV) is transforming how networks are managed. This trend enables dynamic and automated provisioning of network services, creating more agile, flexible, and secure infrastructures, further accelerating the adoption of DDI technologies.
LoRa and LoRaWAN IoT Market Opportunities
- 5G Network Expansion: The rollout of 5G networks presents significant opportunities for DDI solutions. 5G promises to vastly increase the number of connected devices and users, requiring more sophisticated IP address management. DDI vendors can tap into this growing need for enhanced address allocation and management, boosting market opportunities.
- Rising Adoption of Hybrid IT Environments: As organizations move towards hybrid IT environments combining on-premises and cloud infrastructures, they require efficient DDI solutions to manage diverse network environments seamlessly. This growing adoption of hybrid environments offers DDI vendors opportunities to provide comprehensive solutions to manage these complex networks effectively.
LoRa and LoRaWAN IoT Market Regional Insights
The regional trends and factors influencing the LoRa and LoRaWAN IoT Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses LoRa and LoRaWAN IoT Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for LoRa and LoRaWAN IoT Market
LoRa and LoRaWAN IoT Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2024 - 2031) | 36.2% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
LoRa and LoRaWAN IoT Market Players Density: Understanding Its Impact on Business Dynamics
The LoRa and LoRaWAN IoT Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the LoRa and LoRaWAN IoT Market are:
- Bosch Group
- Cisco
- Orange SA
- Comcast Corporation
- Semtech
- NEC Corporation
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the LoRa and LoRaWAN IoT Market top key players overview
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the LoRa and LoRaWAN IoT Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the LoRa and LoRaWAN IoT Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Integration with AI and edge computing and hybrid network deployments are anticipated to play a significant role in the global LoRa and LoRaWAN IoT market in the coming years
Growing demand for long-range IoT connectivity, rising smart city initiatives, and increasing focus on industrial IoT applications are the major factors driving the LoRa and LoRaWAN IoT market
The global LoRa and LoRaWAN IoT market is expected to grow at a CAGR of 36.2% during the forecast period 2024 - 2031.
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