Trends
NB-IoT and LoRa dominate the LPWAN IoT market
OUR TAKE NB-IoT and LoRa, as the two leaders in the LPWAN market, will continue to lead the development direction of IoT connectivity technology, providing stable, efficient and affordable solutions for IoT applications around the world. Their success not only drives technological progress, but also…
Headline
OUR TAKE NB-IoT and LoRa, as the two leaders in the LPWAN market, will continue to lead the development direction of IoT connectivity technology, providing stable, efficient and affordable solutions for IoT applications around the world. Their success not only drives…
Context
OUR TAKE NB-IoT and LoRa, as the two leaders in the LPWAN market, will continue to lead the development direction of IoT connectivity technology, providing stable, efficient and affordable solutions for IoT applications around the world. Their success not only drives technological progress, but also brings a broader space for innovation and application possibilities for enterprises and consumers. –Revel Cheng, BTW reporter Research from Omdia finds the Low Power Wide Area Network (LPWAN) IoT connections landscape is overwhelmingly dominated by NB-IoT and LoRa , which together accounted for 87% of total connections in 2023. This dominance is projected to continue, with these two technologies maintaining 86% of all LPWAN connections by 2030.
Evidence
Pending intelligence enrichment.
Analysis
NB-IoT’s significant growth is primarily driven by its popularity in China, while LoRaWAN leads in most other regions. Both technologies are ideally suited for the mid-range IoT applications currently in demand, ensuring their sustained leadership in the LPWAN market. LoRa is expected to remain the preferred choice for private IoT connections, while NB-IoT will expand through cost-effective implementations. Both technologies are set for continued success through 2030. Shobhit Srivastava, Senior Principal Analyst at Omdia, said: “Although NB-IoT is the leading LPWAN technology, over 90% of its connections are in China. Outside China, LoRaWAN remains the leading LPWAN connectivity technology due to years of unchallenged growth and momentum.” Also read: IoT devices and the cloud: 5 steps to connect
Key Points
- The vast majority of low-power wide-area network (LPWAN) IoT connectivity is dominated by NB-IoT and LoRa.
- NB-IoT’s expansion beyond China, particularly in Europe, is set to reshape the landscape. LoRa’s established ecosystem and versatility in private networks.
Actions
Pending intelligence enrichment.
