Will LoRa win 50% of the LPWAN market?

Not long ago, the LoRa Alliance, which supports the IoT Low Power Wide Area Network (LPWAN) LoRaWAN open standard, announced that Recommendation ITU-T Y.4480 ”Low power protocol for wide area wireless networks”, under the responsibility of Study Group 20 of the ITU Telecommunication Standardization Sector (ITU-T), was passed, and LoRaWAN was officially approved by the ITU as a global standard.

This means that LoRaWAN, a wellknown de facto standard in the global Internet of Things field, has been officially recognized as a global Internet of Things standard after years of development. It is an important milestone in LoRa's development process.

On the one hand, LoRaWAN has become an international standard, which will speed up the process of digital transformation of countries around the world, and enrich the means of digital transformation of countries from the standard level. On the other hand, the globalization of LoRa has been further benefited, which ensures the development of the LoRa ecological enterprise selected before, which has a boosting effect on the further development of the LoRa ecology.

So far, LoRa/LoRaWAN systems have been deployed in more than 171 countries/regions around the world, with a total of more than 2.2 million LoRa gateways and more than 280 million LoRa terminal nodes. More than a year ago, there were still 157 countries and regions deploying LoRa/LoRaWAN systems in the world, only more than 800,000 LoRa-based gateways were deployed, and only 145 million LoRa-based terminal node data.

In addition, according to the forecast of research institutions, by 2023, 43% of LPWAN IoT solutions will be based on LoRa, and by 2026, 50% of LPWAN IoT solutions will use LoRa technology.