The LoRa Alliance has reported that its members have surpassed 125 million global deployments of LoRaWAN end devices.
The milestone shows the sustained adoption of the LPWAN standard with a 25% compound annual growth rate (CAGR) across the ecosystem, the LoRa Alliance said. When factoring in the largest networks with multi-million-device deployments, some vendors will achieve 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 Alper Yegin, CEO of LoRa Alliance. “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.”
Surging IoT adoption
While the internet of things (IoT) has been around for decades, the surge is due to a variety of factors some of which include what Yegin said such as LoRaWAN driving massive IoT adoption. Also, the emergence of more smart applications, smart metering and the implementation of smart cities is one of the major sources of adoption of LPWAN connectivity and specifically LoRaWAN.
Some of the leading LoRaWAN deployments include:
- Zenner with 10 million devices
- Actility with 4.6 million devices
- The Things Industries with 3.8 million devices
- Birdz with 3.6 million meters
- Netmore with 3.4 million devices
“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,” said Matt Hatton, founding partner, Transforma Insights. “It remains one of the key technologies driving the growth of IoT.”
