The LoRa Alliance says that its members have surpassed 125 million global deployments of LoRaWAN end devices. This marks a significant milestone, underscoring the rapid and sustained adoption of the leading LPWAN standard.
With a 25% compound annual growth rate (CAGR) across its ecosystem, LoRaWAN has proven its maturity and scalability as it enters this exponential growth phase. Additionally, the Alliance noted that when factoring in the largest networks with multi-million-device deployments, some vendors are achieving CAGRs as high as 50%.
“125 million deployed devices is a huge milestone and the LoRa Alliance is playing a key role in the acceleration of IoT rollouts,” said LoRa Alliance CEO Alper Yegin. “It tells us several things. First, the LoRaWAN standard is mature. Second, when the technology meets mature implementation, productization, marketing and sales activities, then the growth rate exceeds 25% CAGR —and will continue to rise. Third, LoRaWAN enables Massive IoT and plays a key role in bringing AI into the physical world.”
“Passing the milestone of 125 million devices and the continuing strong growth reflects LoRaWAN’s great capabilities in addressing a diverse array of IoT use cases, and its vibrant ecosystem. It remains one of the key technologies driving the growth of IoT,” said Matt Hatton, founding partner, Transforma Insights.