LoRa and LoRaWAN IOT Market Size

LoRa and LoRaWAN IOT Market size was valued at USD 8.66 billion in 2024 and is poised to reach USD 370.49 billion by the end of 2037, expanding at around 33.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of LoRa and LoRaWAN IOT is assessed at USD 10.98 billion.. LoRaWan technology is standardized across the world and accepted by people worldwide due to which hardware and network providers have grown and formed a strong ecosystem. According to a recent report published in 2022, Public LoRaWAN networks have shown a growth of 66% from the last three years.

LoRa and LoRaWAN IOT provide safe and secure communication which makes it best for businesses where data integrity and privacy are deprecatory concerns. Security is a basic requirement in various IoT applications.