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LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

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320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The 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), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The 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), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Leonardo da Vinci Resurrects With AI During Chicago AI WeeK organised by AI2030, Recreated By Dinis Guarda, AI.DNA, Wisdomia.ai, ztudium

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The Chicago AI Week is a unique opportunity to engage with major leaders, organisations and corporations such as the City of Chicago, Google, AWS, Microsoft, CIBC, and the US Federal Reserve System, who are at the forefront of leading AI innovation and management.Chicago AI Week organiser AI 2030 is a global initiative dedicated to harnessing AI’s transformative power for humanity’s betterment.The event will be held from 25th to 28th June 2024.Leonardo da Vinci AI, which brings the legendary genius, polymath, and creator to life, opens the session by deploying a proprietary AI advanced LLM AI and conversational AI created by AI.DNA, Wisdomia.ai part of ztudium Group.LONDON, June 26, 2024 /PRNewswire/ — The CHICAGO AI WEEK 2024, a highly anticipated event scheduled for June 25-28, is preparing to host a stellar lineup of global luminaries in AI leadership and enterprise personalities and organisations.The lineup includes renowned figures such as Jessica Yeats, Sunaina Tuteja, Meghna Sinha, Jessica Yeats, Xiaochen Zhang,  and the esteemed Leonardo da Vinci AI.

Created by Dinis Guarda’s ztudium Group’s Wisdomia.ai, powered by its proprietary generative spatial intelligence AI.DNA, ‘Humans AI’ Lab, Leonardo da Vinci AI agent assistant, brings the legendary personality to life with proprietary AI advanced LLM and 3D conversational AI that anyone can interact with in the platform Wisdomia.ai. This revolutionary AI assistant is set to redefine how we interact with AI.
In the words of Leonardo da Vinci AI:
“In the pursuit of knowledge, one must embrace the tools that extend the reach of human intellect. Artificial Intelligence, a marvel of our age, mirrors our minds, reflecting the intricacies of thought and the vast expanse of possibility. Yet, we must tread with caution, for in creating such machines, we hold a double-edged sword. Let us ensure that our inventions elevate humanity, not diminish it. As I once said, ‘Learning never exhausts the mind,’ and so must we continue to learn, question, and to innovate, always mindful of the ethical compass that guides our endeavours.
Creation is more significant than destruction. In the end, the most incredible machines amplify the noblest qualities of the human spirit.”
Key speakers at the Chicago AI Week
The opening remarks by Leonardo da Vinci AI agent assistant at Chicago AI Week will highlight the amazing possibilities of AI and its applications for the betterment of humanity and society. The Chicago AI Week is created by a group of forward-thinking individuals who are at the forefront of AI’s present social economic revolution.
“We stand at the threshold of an AI-driven paradigm shift. The critical questions before us are: How do we prepare for the jobs of the future in this AI era? How do we effectively innovate and collaborate to ensure business success?  And what new frameworks must we establish to support human-machine collaboration across social, economic, political, ethical, and cultural dimensions?  With these pressing considerations, Chicago AI Week  brings together the brightest minds and exceptional leaders to explore these profound questions, ignite meaningful debates, and share best practices in an intensive, week-long program”, says Xiachen Zhang, Chief Responsible AI Officer & Executive Director at AI2030.
The event will feature Global AI and tech leaders. Some of the speakers include:
Diya Wynn, AWS Responsible AI LeadAmy Guterman, Senior Director of Innovation at Salesforce AcceleratorKevin Tupper, Federal AI Evangelist MicrosoftSuraj Rajdev, Head of Data, Measurement, & Analytics,  GoogleBharat Sunkari, Founder & CEO of TekAnalyticsJessica Yeats, Principal Data Scientist at NVIDIASunayna Tuteja, Chief Innovation Officer for the Federal Reserve SystemJimmy Yang, Chief Risk Analytics and Infrastructure Officer at CIBCAlderman Gilbert Villegas, Chairman of the Committee on Economic, Capital, and Technology Development for the City of ChicagoKristi Dula, Deputy Director at the Illinois Department of Commerce & Economic OpportunityMargaret Riley, Senior Vice President at Federal Reserve Financial ServicesEthan Bueno de Mesquita, Dean of the Harris School of Public Policy at the University of ChicagoMeghna Sinha, Vice President of the AI Center at VerizonCathy R Cobey, Global Responsible AI Co-Lead at Ernst & Young LLPSalah Goss, Senior Vice President, MastercardDinis Guarda, AI leader, author, entrepreneur, and creator of ztudium, Businessabc.net, and Wisdomia.aiShanthi Gudavalli, Senior Executive Director, JPMorgan ChaseVarun Nakhra, Vice President, Deutsche BankNate Savona, Partner, Oliver WymanAsad Hussain, Senior Director, EY-ParthenonFrom innovative tech entrepreneurs to cutting-edge researchers, each visionary brings unique perspectives and groundbreaking ideas to shape the path of AI in the coming decade.
AI2030: Empowering businesses to lead in responsible AI
Chicago AI Week organiser AI2030 is a global initiative with a mission to harness AI’s transformative power for the benefit of humanity while also mitigating its potential risks and negative impact.
Xiaochen Zhang, Chief Responsible AI Officer & Executive Director at AI2030, the Founder and CEO of FinTech4Good. He is a prominent figure in the technology, fintech and blockchain space. Xiaochen has over 20 years of experience in leading initiatives that drive innovation and social impact in organisations such as the World Bank, AWS, and international investment, financial and government agencies.
“We are creating a global movement with a clear vision: by 2030, all AI must be responsible AI. To achieve this, we must implement measures that address AI-related biases, preserve privacy, ensure transparency and accountability, promote sustainability, and guarantee security and safety. Our ultimate goal is to enable AI to enhance human well-being. This is no small task. We are calling on individuals, startups, corporations, academic institutions, and investors to join us in this mission. By taking joint action, we can lead the way in shaping the future of AI. Initiatives like the Responsible AI Pledge and the Women in AI Leadership Award at the Chicago AI Week provide excellent starting points for embarking on a responsible AI journey and becoming leaders in the field.”  says Xiaochen.
Chicago AI Week: Shaping the Future with Responsible AI and Industry Collaboration
“We are in an AI moment, and  2023 was dominated by overwhelming headlines on the disruptive power of generative AI, with the premise that it will fundamentally transform the landscape of our society and our social economic model globally. Is the possible effect of AI overhyped? Leonardo da Vinci AI agent embraces the AI revolution with boldness and vision but also bringing wisdom and careful preparation”, says Dinis Guarda, Founder and CEO of ztudium.
Chicago AI Week will provide an in-depth exploration of the pivotal role artificial intelligence is playing in transforming the overall business landscape. The event will focus on several core themes: generative AI disruption, industry best practices, responsible AI, and AI entrepreneurship and investment.
Adopting AI responsibly across the industry is a major topic of discussion, focusing on critical aspects such as cutting-edge research, innovative and responsible AI solutions, industry best practices, and regulatory advancements. Attendees will explore ways to harness AI’s potential while ensuring ethical standards, transparency, and accountability. This event provides a platform for leaders and innovators to collaborate on shaping a future where AI drives progress and empowers human well-being.
Media and Press contact:
Pallavi Singal, VP Content, ztudium
Email Address: [email protected]
Phone number: +91 97171 11375
About the Chicago AI Week Organiser- AI2030
AI 2030 is an initiative aimed at harnessing the transformative power of AI for the benefit of humanity while minimising its potential negative impact. By bringing together leading experts from government agencies, academia, industry, and various sectors, AI2030 seeks to shape global AI agendas and foster public-private collaboration in the responsible development and use of AI. The initiative addresses various aspects of responsible AI, including governance, regulations, industry-specific frameworks, principles, best practices, and cutting-edge tools and solutions.
www.ai2030.org 
About Dinis Guarda
Dinis Guarda is an author, entrepreneur, founder CEO of ztudium, Businessabc, citiesabc and Wisdomia.ai. Dinis is an AI leader, researcher and creator who has been building proprietary solutions based on technologies like digital twins, 3D, spatial computing, AR/VR/MR. Dinis is also an author of multiple books, including “4IR AI Blockchain Fintech IoT Reinventing a Nation” and others. Dinis has been collaborating with the likes of  UN / UNITAR, UNESCO, European Space Agency, IBM, Siemens, and governments like USAID, and Malaysia to mention a few. He has been a guest lecturer at business schools such as Copenhagen Business School. Dinis is ranked as one of the most influential people and thought leaders in Thinkers360 / Rise Global’s The Artificial Intelligence Power 100, Top 10 Thought leaders in AI, smart cities, metaverse, blockchain, fintech..
About ztudium
ztudium group is a London  based global maker of leading proprietary AI 4IR driven IP and technologies that integrates. The company is considered to be one of the top 50 thought leadership companies in AI and Digital Transformation by Thinkers360.com. Ztudium is a member of the European AI Alliance and UN Global Compact, and collaborates with multiple governments, their organisations, and leading educational and business networks. Ztudium collaborates with universities such as the Edinburgh, Durham, and MIT WPU Pune, and Department of Innovation and Technology Management of the University of Oxford, among others.
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Quadrant Technologies makes it to the podium of the 2024 Microsoft Azure Partner of the Year Awards

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Quadrant honored for excellence in delivering innovative and impactful solutions leveraging Microsoft Azure technologies
REDMOND, Wash., June 26, 2024 /PRNewswire/ — Quadrant Technologies today announced that it has been named a finalist of the Microsoft Azure 2024 Partner of the Year Awards. Quadrant was honored among a global field of top Microsoft partners, for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.

“We are incredibly honored to be named one of the top 2 finalists for the Microsoft Azure 2024 Partner of the Year Awards,” said Vamshi Reddy, CEO of Quadrant Technologies. “This recognition is a testament to our team’s dedication to developing innovative solutions and delivering exceptional customer service based on Microsoft Azure. Being recognized among such a strong field of global partners motivates us to continue pushing boundaries and empowering businesses with the power of open-source technologies on Azure. As we expand our horizons, we are also proud to be one of the 30 global Fabric Featured Partners of Microsoft, further solidifying our commitment to excellence and innovation.”
The Microsoft Partner of the Year Awards recognizes Microsoft partners that have developed and delivered outstanding Microsoft Cloud applications, services, devices, and AI innovation during the past year. Awards were classified in various categories, with honorees chosen from over 4,700 nominations from over 100 countries. Quadrant Technologies was recognized for providing outstanding solutions and services in Microsoft OSS on Azure.
“Congratulations to the winners and finalists of the 2024 Microsoft Partner of the Year Awards,” said Nicole Dezen, Chief Partner Officer and Corporate Vice President at Microsoft. “The momentum generated by numerous AI & Copilot announcements this year fueled innovation from our partners, enabling groundbreaking services and solutions for customers. I am inspired by the capability and creativity in our partner ecosystem, and this year’s winners beautifully demonstrate the best of what’s possible with AI and the Microsoft Cloud.”
To be eligible for this award, submissions must include validated ROI metrics, customer testimonials, and third-party endorsements. Although the specific details of each submission are confidential, Quadrant presented its migration solutions, demonstrating their effectiveness in helping customers transition to Azure seamlessly:
Cost Reduction: Achieved a 40% reduction in migration costs, with projected annual optimizations of 30% over 3–4 years. The transition to Azure alleviated clients’ licensing expenses, contributing to significant cost savings.Performance Enhancement: On average, transaction speeds improved from 20 to 5 seconds, enhancing overall system efficiency and user experience.Technical Debt Reduction: Addressed technical debt, resulting in a 20% faster build execution and improved system stability.Zero Business Disruption: The cutover point during migration was executed seamlessly, without any business disruption.Additional details on the 2024 awards are available on the Microsoft Partner blog: https://aka.ms/POTYA2024_announcement. Read the full press release from Quadrant Technologies https://www.quadranttechnologies.com/partner-of-the-year-2024.
Contact
Swathi Kulkarni+91-81433 [email protected] 
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Huawei Yang Chaobin: AI for Networks Powers Productivity

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SHANGHAI, June 26, 2024 /PRNewswire/ — At MWC Shanghai 2024, Huawei’s Board Member and President of ICT Products & Solutions Yang Chaobin discussed how AI technology, particularly generative AI, brings new opportunities and requirements to telecom networks. He also discussed the importance of integrating and applying innovative digital and intelligent technologies to accelerate network evolution towards higher-level autonomy and make networks more productive.

In his speech entitled “AI for Networks: Powering Productivity”, Yang said, “The telecom industry has kicked off 5G-A, while generative AI has achieved major breakthroughs. AI, as a foundational technology for network automation, is set to accelerate the industry’s transition towards higher-level network autonomy, and play a key role in 5G-A business success.”
Yang also noted that generative AI is transforming information production, processing, transfer, and exchange to create mobile AI opportunities and boost traffic, connections, and services. This also means higher requirements for differentiated service experience monetization and automated network O&M. Yang introduced how Huawei’s upgraded Autonomous Driving Network (ADN) solution is now powered by the company’s Telecom Foundation Model to provide five role-based copilots and five scenario-based agents. The solution will enhance the value of networks in three aspects: service enablement, network maintenance, and experience assurance.
According to Yang, the copilots can support five roles: network operations center (NOC) staff, customer service personnel, field maintenance engineers, home broadband installation and maintenance engineers, and home broadband users. The copilots can reshape human-machine interaction and collaboration by supporting intelligent knowledge Q&A and assisted O&M, significantly improving efficiency and lowering the bar for technical engineers.
Furthermore, the agents can support five high-value scenarios across network maintenance, optimization, and operation. Based on preset policies, the agents can automatically break down complex tasks, orchestrate processes, and invoke tools and application programming interfaces (APIs) to achieve scenario-based autonomy, greatly improving both operational efficiency and customer experience.
The copilots and agents highlight the business value that AI can create in innovative applications. During his keynote, Yang shared some typical scenarios in which the copilots and agents can create great value, including fault management, wireless network optimization, and enterprise campus private networks.
MWC Shanghai 2024 will be held from June 26 to June 28 in Shanghai, China. During the event, Huawei will showcase its latest products and solutions at stands E10 and E50 in Hall N1 of the Shanghai New International Expo Centre (SNIEC).
2024 will mark the first year of commercial 5.5G, and F5.5G gigabit optical network deployment has already begun. Synergies across networks, cloud, and intelligence are set to give rise to pervasive intelligent applications and increasingly diverse user experiences. Together with global operators, industry professionals, and opinion leaders, Huawei will dive into exciting topics at this year’s MWC Shanghai, like how to amplify 5G’s success in the 5.5G era and how to tap into the potential of operator revenue growth to bring us even faster to the intelligent world. For more information, please visit: https://carrier.huawei.com/en/events/mwcs2024.
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