LoRa Alliance issues 2023 annual report highlighting LoRaWAN maturity, robust adoption, and diversity of End-to-End solutions
The LoRa Alliance, the global association of companies backing the open LoRaWAN standard for the internet of things (IoT) low-power wide-area networks (LPWANs), has issued its 2023 End of Year Report. It highlights the LoRa Alliance’s achievements throughout the year, in addition to providing updates on LoRaWAN deployments, technology and certification advancements.
Trends highlighted in this year’s report include:
LoRaWAN is seeing strong global deployment growth across several vertical markets, including smart buildings, utilities, cities, agriculture and industry.
There is continued diversification of the Alliance’s collaborative ecosystem, which drove end-to-end IoT solutions.
Deployments are delivering strong ROI, which in turn is accelerating the decision-making process for new users and projects.
Smart cities are increasingly requiring LoRaWAN certified end-devices in their RFPs.
LoRaWAN took a leadership position in Industry 5.0 as it meets the sustainability, efficiency and quality-of-life requirements.
The benefits and ROI of LoRaWAN deployments are exponential when end users collaborate with system integrators and solution providers.
LoRaWAN is the leader in the emerging satellite-based LPWAN communications market, with multiple member companies delivering networking via satellite and rapidly growing deployments in the sector.
The Alliance is meeting the emerging workforce needs of the IoT with its LoRaWAN Accredited Professional program, giving end users confidence in the vendors they select.
“In 2023, key end markets such as cities, buildings and utilities widely embraced LoRaWAN and the ROI it provides, leading to large-scale deployments that sparked further innovation in use cases,” stated Donna Moore, CEO and Chairwoman of the LoRa Alliance. “The demand for certified LoRaWAN devices within these essential sectors continues to grow as it is critical for massive device rollouts. Confidence in LoRaWAN was further reinforced through our Accredited Professional program, which addresses end users’ desire for a way to evaluate vendors’ knowledge of the development and implementation of LoRaWAN. As the leader in global LPWAN deployments, we anticipate an even stronger year in 2024.”
“We continued to see strong growth globally in IoT deployments in 2023, with LoRaWAN clearly established as the market leader in LPWANs,” said Robin Duke-Woolley, CEO and Chief Analyst, Beecham Research. “With its established and active ecosystem, considerable involvement of system integrators and solution providers, and expansive features, including connectivity via satellite, we expect LoRaWAN will see strong growth again in 2024 as the IoT continues to mature.”
