Global public LoRaWAN grows 66% over the past three years
Historically, public LPWAN deployments have been driven by mobile network operators (MNOS); however, most of the recent growth has been driven by non-MNOs who are building critical dedicated infrastructure to support the growing growth of LPWAN IoT need. Including public, community, satellite and private as well as hybrid networks, is the competitive differentiation of LoRaWAN.
Donna Moore, CEO and Chair of the LoRa Alliance, said: "LoRaWAN network operators are building new types of infrastructure to meet future IoT network requirements. The expected evolution of networks and network providers is also a sign of a healthy and vibrant market. .These new networks are agile and able to go beyond the constraints of pre-existing network infrastructure. They have successfully built profitable business models to maximize the value of their networks and meet the evolving nature of LPWAN IoT deployments demand. LoRaWAN is the only LPWAN technology that caters for optional network types, as well as interoperability and roaming between networks, which will continue to drive strong growth in LoRaWAN network capacity.”
Today's agile network operators benefit from the market's evolving coverage, accessibility and accessibility requirements across the globe. The Lorawan infrastructure is low-cost, easy to deploy, and offers flexibility, which has fueled the technology's strong growth. The market is shifting to the choice of infrastructure solutions, enabling enterprises to take advantage of the huge LPWAN market opportunity. This supports the continued growth of the emerging IoT market.
Steve Hoffenberg of VDC Research, a market research firm, said: "By 2025, LPWAN devices will exceed 2 billion installations. With LoRaWAN's low cost, adaptability to public and private networks, and satellite communications capabilities, it is unique The value of LPWAN can help drive market growth for LPWAN by bringing connectivity to the widest range of devices and locations."
Moore continued: "Evolving markets are driving innovation in the ecosystem. The diversity of IoT use cases requires the flexibility and choice that LoRa can provide. We have hundreds of members spanning many verticals, developing countless solutions to Improving the lives of the planet and its citizens, while also improving business performance and profits. With the innovation of our open global ecosystem and the flexibility to adapt to a variety of business models, LoRaWAN will continue to be the market leader in LPWAN."