LoRa and LoRaWAN IoT Market Size, Share, and Industry Analysis By Component (Solution and Services), By Network Deployment (Public, Private, and Hybrid), By Application (Asset Tracking, Industrial IoT, Smart Buildings, Smart Agriculture & Livestock Management, Smart Cities, Smart Healthcare, and Others), By End-user (Manufacturing, Energy & Utilities, Agriculture, Retail, Healthcare, Transportation & Logistics, and Others), and Regional Forecast 2026-2034

The global LoRa and LoRaWAN IoT market size was valued at USD 10.88 billion in 2025. The market is projected to grow from USD 14.5 billion in 2026 to USD 144.71 billion by 2034, exhibiting a CAGR of 33.32% during the forecast period.

The global LoRa and LoRaWAN IoT market grows rapidly because users need low-power networks that connect over wide distances. LoRa sends information long distances using low power while following LoRaWAN's IoT standards through spread spectrum modulation.

The business develops due to rising IoT application use in numerous industrial settings. Customers use LoRaWAN in many different fields, such as logistic asset tracking, city environmental monitoring, better agricultural resource allocation, and healthcare systems that monitor patients remotely.

LoRa and LoRaWAN IoT Market Driver

IoT to Expand the Market

The LoRa and LoRaWAN market receives strong support because businesses and industries want low-power wide-area networks. The Internet of Things framework generates a high demand for LoRa and LoRaWAN technology because its numerous devices need extended wireless coverage plus small battery consumption.

Smart Citiesto Advance the Market

LoRa and LoRaWAN get new markets from the worldwide smart city project expansion. Smart cities use technology systems to improve how people live in cities while making urban operations more efficient and protecting the environment. The realisation of this initiative demands placing numerous connected sensors and monitoring devices at different urban infrastructure sites and service facilities.

LoRa and LoRaWAN IoT Market Restraint

Private Data Security toPose Potential Impediments on this Market

Widespread adoption of LoRa and LoRaWAN technologies remains limited because users and organisations keep worrying about their private data security. Since LoRaWAN sends extensive IoT device data that contains personal and industrial information, maintaining secure access to it at all times remains its top priority.

LoRa and LoRaWAN IoT Market Opportunity

Smart City Projects to Create Opportunity in this Market

The LoRaWAN market has excellent growth potential since world cities keep launching smart city projects. Urban centres develop smart systems because they need effective sensors to benefit their people and run operations better while saving resources. LoRaWAN technology stands out from other solutions due to its potential exploitation of this trend.

Segmentation

Key Insights

The report covers the following key insights:

• Market drivers, restraints and opportunities
• Influence of key industrial players and key developments
• Low-power, long-range wide-area network connectivity
• IoT applications

Analysis by Component

By Component, the LoRa and LoRaWAN IoT market is divided into Solution & Services

The LoRa and LoRaWAN solution market consists of both hardware and software that helps create complete IoT solutions. The rising number of specialised LoRa tools assists with market growth because they fulfil many distinct applications.

The LoRa and LoRaWAN market service section enables companies to deploy LoRaWAN technology successfully. Businesses require the services segment to grow since it helps them solve real problems in implementing and controlling IoT networks.

Analysis by Network Deployment

Based on Network Deployment, the market is divided into Public, Private & Hybrid

Public network deployment serves as the main segment of LoRa and LoRaWAN technology where telecommunications operators or IoT service providers establish extensive networks to let multiple users and applications access communication services through paid subscriptions. More organisations get involved with IoT when the module replaces expensive and complex installation requirements for potential users.

Private LoRaWAN network deployment happens when organisations build their own connectivity solution within a choice location, like factories and campuses, for their particular use cases. Grow in private network business because users want better network control plus security enhancements plus custom network settings.

Analysis by Application

Based on Application, the market is divided into Asset Tracking, Industrial IoT, Smart Buildings, Smart Agriculture & Livestock Management, Smart Cities, Smart Healthcare & Others

Most industries use LoRa and LoRaWAN asset tracking systems to manage and monitor their valuable assets because the technology segment is growing fast. LoRaWAN offers excellent distance and battery efficiency to track assets across extensive regions without regular battery replacement.

The LoRa and LoRaWAN market growth depends heavily on the expansion of its IIoT applications. Companies worldwide will continue to buy LoRaWAN for industrial IoT applications as they adopt digital transformation and data-based performance improvement. This growing demand will make the LoRa and LoRaWAN market grow bigger and evolve further.

Analysis by End-user

Based on End-user, the market is divided into Manufacturing, Energy & Utilities, Agriculture, Retail, Healthcare, Transportation & Logistics & Others

The manufacturing market develops LoRa and LoRaWAN developments at a fast rate. Manufacturing facilities dedicated to Industry 4.0 will broaden their use of LoRaWAN solutions, which will fuel market expansion across all segments.

The LoRa and LoRaWAN market will grow extensively because of rising demand from energy and utilities users. As the energy sector upgrades its systems and adopts smart grid technology, LoRaWAN continues to deliver reliable and affordable communication solutions which boost this end-user segment growth and expand the entire market.

Regional Analysis

Based on region, the LoRa and LoRaWAN IoT market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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North America stood as the main market player in 2023 because of its massive investment in smart infrastructure plus rapid adoption of IoT technology in many business fields. The LoRa market in North America grows because the government supports new agribusiness practices and major LoRa network companies run their business there. The North American region uses LoRaWAN technology widely for smart city functions and industrial IoT networks, as well as tracking assets in oil and gas industries plus logistics operations. The LoRaWAN market leader position of North America results from its high investment in advanced technology and its mature network provider system.

• According to NTIA, there were 52 US cities with public LoRaWAN infrastructure in 2023.
• According to the U.S. Department of Energy, there were 14 LoRaWAN-enabled smart grid pilots funded by US DOE in 2023.

Europe started utilising IoT technologies first by making smart city upgrades while also enhancing its factory operations and farms. The area has favourable rules that support IoT and wireless solutions which perfectly match LoRaWAN's low-power connected technology. A strong ecosystem of technology providers, network operators, and device manufacturers fosters innovation. Businesses and governments collaborate across Europe to set up LoRaWAN networks for many uses, while a focus on energy savings through LoRaWAN products positions this region as the global leader in this market sector.

This part of the globe is expected to develop the fastest due to urbanisation speedups and rising smart city implementations, mainly in China, Japan, and India. Promoting smart city projects and industrial IoT programmes enhances LoRaWAN market expansion. More organisations adopt LoRaWAN technology for linked factories and smart cities while reducing energy costs, which boosts market demand. Asia Pacific becomes a main driver for LoRa and LoRaWAN IoT growth since manufacturers and utilities across different sectors apply these networks in factory automation and beyond.

Key Players Covered

The report includes the profiles of the following key players:

• The Bosch Group (Germany)
• Cisco Systems, Inc. (U.S.)
• OrangeSA (France)
• Comcast Corporation (U.S.)
• Semtech Corporation (U.S.)
• NEC Corporation (Japan)
• Tata Communications (India)
• AWS (U.S.)
• Advantech (Taiwan)
• SK Telecom (South Korea)
• Murata Manufacturing Co., Ltd. (Japan)
• Netmore Group (Sweden)
• Digi International (U.S.)
• Multitech (U.S.)
• Ezurio (U.S.)
• Kerlink (France)
• Actility (France)

Key Industry Developments

• In January 2024, LORIOT formed a partnership with SYSCOM, which is the largest telecommunications and security hardware distributor in Latin America. These companies joined forces to build out LoRaWAN networks and bring their IoT products further into Latin America to serve customers who want this technology.
• In July 2023, MachineQ from Comcast began offering expanded tracking capabilities for their 2022 Indoor Asset Tracking system. New RFID tracking tags in Nano RT LP Dura ET PT and Dura AC sizes come out to meet different customer requirements for monitoring various items in challenging environments.