LoRa and LoRaWAN IoT Market Outlook from 2024 to 2034

The LoRa and LoRaWAN IoT market is projected to be worth US$ 5.7 billion in 2024. The market is likely to reach US$ 119.5 billion by 2034. The Industry is expected to surge at a CAGR of 35.6% from 2024 to 2034.

Attributes Key Insights
LoRa and LoRaWAN IoT Industry Estimated Size in 2024 US$ 5.7 billion
Projected Industry Value in 2034 US$ 119.5 billion
Value-based CAGR from 2024 to 2034 35.6%

A significant catalyst is the accelerating demand for secure and private IoT networks, emphasizing LoRa robust encryption features. The growing use of LoRa for industrial IoT applications, optimizing processes in manufacturing, logistics, and supply chain management, adds a layer of complexity and opportunity.

The surge in demand for low cost, long range connectivity in remote and challenging terrains, where conventional networks may falter, fuels LoRa adoption. The increased emphasis on interoperability and standardization in the IoT ecosystem bolsters LoRa appeal, fostering seamless integration across devices and networks.

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Key Industry Trends and Highlights

  • LoRa and LoRaWAN enable efficient tracking of assets across various industries, enhancing visibility and operational efficiency.
  • LoRa technology facilitates remote monitoring of utility meters, enabling accurate data collection and improved resource management.
  • LoRaWAN networks support real time monitoring of environmental parameters, aiding in pollution control and natural resource conservation.
  • Increasing adoption of smart home devices leveraging LoRa technology for seamless connectivity and automation, enhancing convenience and energy efficiency.
  • LoRa and LoRaWAN enable remote patient monitoring and healthcare asset tracking, improving patient care and operational efficiency in healthcare facilities.

2019 to 2023 Historical Analysis vs. 2024 to 2034 Industry Forecast Projections

Attributes Details
Historical Value in 2023 US$ 4.1 billion
Market Estimated Size in 2024 US$ 5.7 billion
Projected Market Value in 2034 US$ 119.5 billion

From 2019 to 2023, the LoRa and LoRaWAN IoT market witnessed significant growth, driven by increasing adoption across diverse industries and expanding applications. This period saw widespread deployment of LoRaWAN networks, enabling long range, low power connectivity for various IoT use cases, including smart cities, agriculture, industrial automation, and asset tracking.

Looking ahead from 2024 to 2034, industry forecast projections indicate continued momentum and accelerated growth in the LoRa and LoRaWAN IoT market. With the maturation of LoRa technology and the evolution of LoRaWAN standards, the market is poised to witness broader adoption and deeper penetration across verticals.

Key drivers shaping the forecast period include advancements in edge computing, artificial intelligence, and data analytics, driving demand for reliable and scalable IoT connectivity solutions. The emergence of 5G networks complements LoRa technology, enhancing connectivity and enabling new applications requiring high bandwidth and low latency.

The proliferation of smart city initiatives, industrial IoT deployments, and smart agriculture solutions further fuel market expansion. Strategic partnerships, ecosystem collaborations, and standardization efforts contribute to interoperability and drive market growth.

Sudip Saha
Sudip Saha

Principal Consultant

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LoRa and LoRaWAN IoT Market Key Drivers

  • Enhancing data processing capabilities at the network edge, optimizing performance and reducing latency for IoT applications.
  • Advancements in battery life and efficiency prolong device uptime, supporting long term IoT deployments and reducing maintenance costs.
  • Integrating LoRaWAN with other wireless technologies like 5G and Wi Fi, expanding coverage and enabling seamless connectivity across diverse environments.
  • Implementing robust security protocols and encryption standards to safeguard IoT data and devices from cyber threats and unauthorized access.
  • Collaborative efforts between stakeholders to drive standardization, interoperability, and ecosystem development, fostering innovation and accelerating market growth.

Challenges in the LoRa and LoRaWAN IoT Market

  • Increasing IoT deployments may lead to spectrum congestion, impacting LoRaWAN network performance and reliability.
  • Environmental factors and electromagnetic interference can disrupt LoRa signals, affecting communication range and reliability.
  • Scaling LoRaWAN networks to accommodate a growing number of devices and applications requires careful planning and infrastructure investments.
  • IoT devices connected via LoRaWAN networks may be susceptible to cybersecurity threats, necessitating robust security measures and encryption protocols.
  • Adhering to evolving regulatory requirements and spectrum regulations poses challenges for LoRaWAN deployments, requiring ongoing monitoring and adherence to standards.

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Country-wise Insights

In the LoRa and LoRaWAN IoT Industry, South Korea leads with 37.1%, closely followed by Japan at 36.9%. China and the United Kingdom trail closely behind, each with 35.8% and 36.8%, respectively. The United States maintains a significant presence with a 35.9% market share. These figures reflect global market distribution trends.

Countries Forecast CAGRs from 2024 to 2034
South Korea 37.1%
China 35.8%
Japan 36.9%
United Kingdom 36.8%
United States 35.9%

South Korea Driving the LoRa and LoRaWAN IoT Industry with a 37.1% Projected CAGR until 2034

South Korea emerges as a frontrunner in the LoRa and LoRaWAN IoT market, displaying robust growth with a projected 37.1% CAGR until 2034. South Korea boasts a highly developed technology infrastructure and a culture of innovation, fostering a conducive environment for IoT adoption and expansion.

Government initiatives and strategic investments prioritize IoT development, promoting the integration of LoRa and LoRaWAN technologies across various sectors. Its advanced telecommunications network and widespread connectivity infrastructure further accelerate IoT deployment and adoption.

South Korean companies demonstrate leadership in IoT innovation and solution development, driving market growth through cutting edge products and services. With a focus on smart city initiatives, industrial automation, and connected healthcare, South Korea leverages LoRa and LoRaWAN to address societal challenges and drive economic growth.

China Shaping the LoRa and LoRaWAN IoT Market with a 35.8% Projected CAGR until 2034

China stands at the forefront of the LoRa and LoRaWAN IoT market, forecasted to lead with a robust 35.8% CAGR until 2034. Numerous key drivers fuel its dominance in this space, including its vast market potential and burgeoning IoT ecosystem.

A significant factor is its commitment to fostering technological innovation and digital transformation. Government policies and initiatives encourage investment in IoT infrastructure and support the development of IoT solutions using LoRa and LoRaWAN technologies.

Its leadership in manufacturing and industrial IoT applications drives demand for reliable and scalable connectivity solutions. The integration of LoRa and LoRaWAN enables efficient data collection, remote monitoring, and predictive maintenance in factories and supply chains.

Its emphasis on smart city development and environmental sustainability creates opportunities for LoRa based solutions in areas such as energy management, environmental monitoring, and public services.

Japan Charting the LoRa and LoRaWAN IoT Market with a 36.9% Projected CAGR until 2034

Japan emerges as a significant driver in the LoRa and LoRaWAN IoT market, exhibiting a projected 36.9% CAGR until 2034. A notable opportunity lies in its commitment to smart city initiatives and sustainable urban development.

With increasing urbanization and environmental concerns, Japan seeks innovative solutions to optimize resource management, enhance public services, and improve quality of life. LoRa and LoRaWAN technologies offer scalable, low power connectivity solutions for smart city applications, including energy management, waste management, and traffic optimization.

Its aging population presents opportunities for IoT enabled healthcare solutions leveraging LoRa and LoRaWAN. Remote patient monitoring, telemedicine, and elderly care services can benefit from the reliability and efficiency of LoRa based networks.

Japan leadership in automotive technology and manufacturing creates opportunities for LoRa powered applications in connected vehicles, traffic management, and transportation logistics.

United Kingdom Driving the LoRa and LoRaWAN IoT Market with a 36.8% Projected CAGR until 2034

The United Kingdom leadership in the LoRa and LoRaWAN IoT market with a projected 36.8% CAGR until 2034. A trend is the increasing adoption of smart agriculture solutions leveraging LoRa and LoRaWAN technologies.

With its focus on sustainable agriculture and precision farming, IoT enabled solutions enable farmers to monitor soil conditions, crop health, and irrigation systems remotely, optimizing resource usage and improving yields.

Its commitment to environmental sustainability and smart city initiatives presents opportunities for LoRa powered applications in energy management, waste reduction, and urban infrastructure optimization. LoRaWAN networks facilitate efficient data collection and monitoring, enabling cities to become more resilient and environmentally friendly.

Its leadership in IoT innovation and regulatory support for IoT deployments foster a conducive environment for market growth. Collaborations between government agencies, industry stakeholders, and research institutions drive innovation and propel the United Kingdom to the forefront of the global IoT landscape.

Innovative Forces Driving United States LoRa and LoRaWAN IoT Market Leadership with 35.9% Projected CAGR until 2034

The United States stands at the forefront of the LoRa and LoRaWAN IoT market, which is projected to maintain a sturdy 35.9% CAGR until 2034. An emerging trend is the increasing adoption of LoRaWAN technology in smart grid applications.

As the United States transitions to cleaner and more efficient energy sources, utilities leverage LoRaWAN networks to monitor and manage electricity grids in real time. This allows for better load balancing, outage detection, and integration of renewable energy sources.

The rise of smart home and consumer IoT devices is driving demand for low power, long range connectivity solutions. LoRa technology enables seamless integration of diverse IoT devices, enhancing convenience and efficiency for consumers. Its leadership in industrial IoT and manufacturing drives adoption of LoRaWAN for asset tracking, predictive maintenance, and supply chain optimization.

The United States government focus on fostering innovation and digital transformation creates a conducive environment for IoT investments and deployments, further fueling market growth and cementing its leadership in the LoRa and LoRaWAN IoT landscape.

Category-wise Insights

In the LoRa and LoRaWAN IoT landscape, hardware is set to surge at an impressive CAGR of 35.4% until 2034. FMI forecasts robust growth for the Industrial IoT segment, with a CAGR of 35.2% until 2034, reflecting the growing importance and adoption of LoRa technology.

Category CAGR from 2024 to 2034
Hardware 35.4%
Industrial IoT 35.2%

Hardware Dominance Fuelling the LoRa and LoRaWAN IoT Revolution with 35.4% Market Share by 2034

In the LoRa and LoRaWAN IoT market, hardware emerges as the highly sought after component segment, commanding a substantial 35.4% market share by 2034.

This demand stems from the pivotal role hardware plays in enabling IoT deployments, including sensors, gateways, and devices crucial for data collection, transmission, and network connectivity, driving innovation and scalability across industries.

As IoT applications continue to expand, the reliance on hardware components persists, underlining their significance in shaping the IoT landscape and fueling the growth trajectory of the LoRa and LoRaWAN ecosystem for years to come.

Industrial IoT to Soar with 35.2% CAGR until 2034

FMI anticipates robust growth for the Industrial IoT segment, projecting a compelling CAGR of 35.2% until 2034. This surge is propelled by the increasing integration of IoT solutions in industrial settings, enhancing efficiency, productivity, and predictive maintenance capabilities. Industries prioritize IoT adoption to optimize operations, monitor equipment health, and drive cost savings.

As technology evolves and connectivity becomes more pervasive, the Industrial IoT segment stands poised for substantial expansion, revolutionizing manufacturing processes, supply chain management, and industrial automation, while fostering innovation and competitiveness in the global marketplace.

Competitive Landscape

In the competitive landscape of the LoRa and LoRaWAN IoT market, key players vie for prominence, offering diverse solutions and services. Companies like Semtech Corporation, Senet, Inc., and Actility lead innovation with robust networks and scalable platforms.

Partnerships and alliances drive ecosystem expansion, while technological advancements propel market growth, fostering competition and fostering innovation.

As demand for IoT connectivity grows across industries, the competitive landscape evolves, with companies continuously striving to enhance interoperability, security, and performance, ensuring they remain at the forefront of the dynamic LoRa and LoRaWAN IoT ecosystem.

Product Portfolio

  • Advantech offers comprehensive IoT solutions, specializing in industrial automation and embedded computing. With a focus on innovation, reliability, and scalability, their products empower businesses to transform operations, optimize efficiency, and drive digital transformation across diverse industries.
  • NEC Corporation pioneers cutting edge technologies, including IoT platforms, AI, and biometrics. With a commitment to innovation and reliability, NEC delivers scalable solutions for smart cities, cybersecurity, and digital transformation, enhancing connectivity and efficiency in an ever evolving digital landscape.
  • Tata Communications, a subsidiary of Tata Group, offers a wide range of digital solutions, including IoT connectivity, cloud computing, and network services. With a global presence and extensive expertise, Tata Communications enables businesses to thrive in a connected world, driving innovation and transformation across industries.

Report Scope

Attribute Details
Estimated Industry Size in 2024 US$ 5.7 billion
Projected Industry Valuation in 2034 US$ 119.5 billion
Value-based CAGR 2024 to 2034 35.6%
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Industry Analysis Value in US$ billion
Key Regions Covered
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa
Key Industry Segments Covered
  • Component
  • Application
  • End User
  • Region
Key Countries Profiled
  • The United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • The United Kingdom
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Czech Republic
  • Romania
  • India
  • Bangladesh
  • Australia
  • New Zealand
  • China
  • Japan
  • South Korea
  • GCC countries
  • South Africa
  • Israel
Key Companies Profiled
  • Advantech Co. Ltd.
  • NEC Corporation
  • Tata communications limited (Tata Group)
  • Nwave Technologies, Inc.
  • Semtech Corporation
  • Orange S.A.
  • Bosch Sensortec GmbH (Robert Bosch GmbH)
  • Amazon Web Services Inc.
  • Datacake GmbH
  • RAKwireless Technology Limited

Segmentation Analysis of the LoRa and LoRaWAN IoT Industry

By Component:

  • Hardware
  • Platform
  • Services

By Application:

  • Industrial IoT
  • Smart Agriculture & Livestock Management
  • Smart Buildings
  • Smart Cities
  • Smart Healthcare
  • Asset Tracking
  • Others

By End User:

  • Manufacturing
  • Retail
  • Transportation & Logistics
  • Energy & Utilities
  • Government & Public Safety
  • Enterprise
  • Healthcare
  • Agriculture
  • Residential
  • Travel & Hospitality
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa

Frequently Asked Questions

What is the anticipated value of the LoRa and LoRaWAN IoT Market in 2024?

The LoRa and LoRaWAN IoT market is projected to hit at US$ 5.7 billion by 2024.

What is the expected growth trajectory of the LoRa and LoRaWAN IoT Market until 2034?

The LoRa and LoRaWAN IoT market is slated for a 35.6% CAGR expansion by 2034.

What is the growth potential projected for the LoRa and LoRaWAN IoT Market by 2034?

The LoRa and LoRaWAN IoT market is estimated to US$ 119.5 billion by 2034.

Which country is expected to lead the LoRa and LoRaWAN IoT Market?

South Korea is poised to lead the market, experiencing a 37.1% CAGR through 2034.

What Component segment dominates the LoRa and LoRaWAN IoT domain?

Hardware is expected to experience significant growth at a CAGR of 35.4% until the year 2034.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Investment Feasibility Matrix
    3.5. PESTLE and Porter’s Analysis
    3.6. Regulatory Landscape
        3.6.1. By Key Regions
        3.6.2. By Key Countries
    3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
    4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
    4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023
    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034
        5.3.1. Hardware
        5.3.2. Platform
        5.3.3. Services
    5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023
    5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
        6.3.1. Industrial IoT
        6.3.2. Smart Agriculture & Livestock Management
        6.3.3. Smart Buildings
        6.3.4. Smart Cities
        6.3.5. Smart Healthcare
        6.3.6. Asset Tracking
        6.3.7. Others
    6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
    6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-user
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) Analysis By End-user, 2019 to 2023
    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-user, 2024 to 2034
        7.3.1. Manufacturing
        7.3.2. Retail
        7.3.3. Transportation & Logistics
        7.3.4. Energy & Utilities
        7.3.5. Government & Public Safety
        7.3.6. Enterprise
        7.3.7. Healthcare
        7.3.8. Agriculture
        7.3.9. Residential
        7.3.10. Travel & Hospitality
        7.3.11. Others
    7.4. Y-o-Y Growth Trend Analysis By End-user, 2019 to 2023
    7.5. Absolute $ Opportunity Analysis By End-user, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Western Europe
        8.3.4. Eastern Europe
        8.3.5. South Asia and Pacific
        8.3.6. East Asia
        8.3.7. Middle East and Africa
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        9.2.1. By Country
            9.2.1.1. USA
            9.2.1.2. Canada
        9.2.2. By Component
        9.2.3. By Application
        9.2.4. By End-user
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Component
        9.3.3. By Application
        9.3.4. By End-user
    9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Rest of Latin America
        10.2.2. By Component
        10.2.3. By Application
        10.2.4. By End-user
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Component
        10.3.3. By Application
        10.3.4. By End-user
    10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. UK
            11.2.1.3. France
            11.2.1.4. Spain
            11.2.1.5. Italy
            11.2.1.6. Rest of Western Europe
        11.2.2. By Component
        11.2.3. By Application
        11.2.4. By End-user
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Component
        11.3.3. By Application
        11.3.4. By End-user
    11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        12.2.1. By Country
            12.2.1.1. Poland
            12.2.1.2. Russia
            12.2.1.3. Czech Republic
            12.2.1.4. Romania
            12.2.1.5. Rest of Eastern Europe
        12.2.2. By Component
        12.2.3. By Application
        12.2.4. By End-user
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Component
        12.3.3. By Application
        12.3.4. By End-user
    12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Bangladesh
            13.2.1.3. Australia
            13.2.1.4. New Zealand
            13.2.1.5. Rest of South Asia and Pacific
        13.2.2. By Component
        13.2.3. By Application
        13.2.4. By End-user
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Component
        13.3.3. By Application
        13.3.4. By End-user
    13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        14.2.1. By Country
            14.2.1.1. China
            14.2.1.2. Japan
            14.2.1.3. South Korea
        14.2.2. By Component
        14.2.3. By Application
        14.2.4. By End-user
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Component
        14.3.3. By Application
        14.3.4. By End-user
    14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
        15.2.1. By Country
            15.2.1.1. GCC Countries
            15.2.1.2. South Africa
            15.2.1.3. Israel
            15.2.1.4. Rest of MEA
        15.2.2. By Component
        15.2.3. By Application
        15.2.4. By End-user
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Component
        15.3.3. By Application
        15.3.4. By End-user
    15.4. Key Takeaways
16. Key Countries Market Analysis
    16.1. USA
        16.1.1. Pricing Analysis
        16.1.2. Market Share Analysis, 2023
            16.1.2.1. By Component
            16.1.2.2. By Application
            16.1.2.3. By End-user
    16.2. Canada
        16.2.1. Pricing Analysis
        16.2.2. Market Share Analysis, 2023
            16.2.2.1. By Component
            16.2.2.2. By Application
            16.2.2.3. By End-user
    16.3. Brazil
        16.3.1. Pricing Analysis
        16.3.2. Market Share Analysis, 2023
            16.3.2.1. By Component
            16.3.2.2. By Application
            16.3.2.3. By End-user
    16.4. Mexico
        16.4.1. Pricing Analysis
        16.4.2. Market Share Analysis, 2023
            16.4.2.1. By Component
            16.4.2.2. By Application
            16.4.2.3. By End-user
    16.5. Germany
        16.5.1. Pricing Analysis
        16.5.2. Market Share Analysis, 2023
            16.5.2.1. By Component
            16.5.2.2. By Application
            16.5.2.3. By End-user
    16.6. UK
        16.6.1. Pricing Analysis
        16.6.2. Market Share Analysis, 2023
            16.6.2.1. By Component
            16.6.2.2. By Application
            16.6.2.3. By End-user
    16.7. France
        16.7.1. Pricing Analysis
        16.7.2. Market Share Analysis, 2023
            16.7.2.1. By Component
            16.7.2.2. By Application
            16.7.2.3. By End-user
    16.8. Spain
        16.8.1. Pricing Analysis
        16.8.2. Market Share Analysis, 2023
            16.8.2.1. By Component
            16.8.2.2. By Application
            16.8.2.3. By End-user
    16.9. Italy
        16.9.1. Pricing Analysis
        16.9.2. Market Share Analysis, 2023
            16.9.2.1. By Component
            16.9.2.2. By Application
            16.9.2.3. By End-user
    16.10. Poland
        16.10.1. Pricing Analysis
        16.10.2. Market Share Analysis, 2023
            16.10.2.1. By Component
            16.10.2.2. By Application
            16.10.2.3. By End-user
    16.11. Russia
        16.11.1. Pricing Analysis
        16.11.2. Market Share Analysis, 2023
            16.11.2.1. By Component
            16.11.2.2. By Application
            16.11.2.3. By End-user
    16.12. Czech Republic
        16.12.1. Pricing Analysis
        16.12.2. Market Share Analysis, 2023
            16.12.2.1. By Component
            16.12.2.2. By Application
            16.12.2.3. By End-user
    16.13. Romania
        16.13.1. Pricing Analysis
        16.13.2. Market Share Analysis, 2023
            16.13.2.1. By Component
            16.13.2.2. By Application
            16.13.2.3. By End-user
    16.14. India
        16.14.1. Pricing Analysis
        16.14.2. Market Share Analysis, 2023
            16.14.2.1. By Component
            16.14.2.2. By Application
            16.14.2.3. By End-user
    16.15. Bangladesh
        16.15.1. Pricing Analysis
        16.15.2. Market Share Analysis, 2023
            16.15.2.1. By Component
            16.15.2.2. By Application
            16.15.2.3. By End-user
    16.16. Australia
        16.16.1. Pricing Analysis
        16.16.2. Market Share Analysis, 2023
            16.16.2.1. By Component
            16.16.2.2. By Application
            16.16.2.3. By End-user
    16.17. New Zealand
        16.17.1. Pricing Analysis
        16.17.2. Market Share Analysis, 2023
            16.17.2.1. By Component
            16.17.2.2. By Application
            16.17.2.3. By End-user
    16.18. China
        16.18.1. Pricing Analysis
        16.18.2. Market Share Analysis, 2023
            16.18.2.1. By Component
            16.18.2.2. By Application
            16.18.2.3. By End-user
    16.19. Japan
        16.19.1. Pricing Analysis
        16.19.2. Market Share Analysis, 2023
            16.19.2.1. By Component
            16.19.2.2. By Application
            16.19.2.3. By End-user
    16.20. South Korea
        16.20.1. Pricing Analysis
        16.20.2. Market Share Analysis, 2023
            16.20.2.1. By Component
            16.20.2.2. By Application
            16.20.2.3. By End-user
    16.21. GCC Countries
        16.21.1. Pricing Analysis
        16.21.2. Market Share Analysis, 2023
            16.21.2.1. By Component
            16.21.2.2. By Application
            16.21.2.3. By End-user
    16.22. South Africa
        16.22.1. Pricing Analysis
        16.22.2. Market Share Analysis, 2023
            16.22.2.1. By Component
            16.22.2.2. By Application
            16.22.2.3. By End-user
    16.23. Israel
        16.23.1. Pricing Analysis
        16.23.2. Market Share Analysis, 2023
            16.23.2.1. By Component
            16.23.2.2. By Application
            16.23.2.3. By End-user
17. Market Structure Analysis
    17.1. Competition Dashboard
    17.2. Competition Benchmarking
    17.3. Market Share Analysis of Top Players
        17.3.1. By Regional
        17.3.2. By Component
        17.3.3. By Application
        17.3.4. By End-user
18. Competition Analysis
    18.1. Competition Deep Dive
        18.1.1. Advantech Co., Ltd.
            18.1.1.1. Overview
            18.1.1.2. Product Portfolio
            18.1.1.3. Profitability by Market Segments
            18.1.1.4. Sales Footprint
            18.1.1.5. Strategy Overview
                18.1.1.5.1. Marketing Strategy
        18.1.2. NEC Corporation
            18.1.2.1. Overview
            18.1.2.2. Product Portfolio
            18.1.2.3. Profitability by Market Segments
            18.1.2.4. Sales Footprint
            18.1.2.5. Strategy Overview
                18.1.2.5.1. Marketing Strategy
        18.1.3. Tata communications limited (Tata Group)
            18.1.3.1. Overview
            18.1.3.2. Product Portfolio
            18.1.3.3. Profitability by Market Segments
            18.1.3.4. Sales Footprint
            18.1.3.5. Strategy Overview
                18.1.3.5.1. Marketing Strategy
        18.1.4. Nwave Technologies, Inc.
            18.1.4.1. Overview
            18.1.4.2. Product Portfolio
            18.1.4.3. Profitability by Market Segments
            18.1.4.4. Sales Footprint
            18.1.4.5. Strategy Overview
                18.1.4.5.1. Marketing Strategy
        18.1.5. Semtech Corporation
            18.1.5.1. Overview
            18.1.5.2. Product Portfolio
            18.1.5.3. Profitability by Market Segments
            18.1.5.4. Sales Footprint
            18.1.5.5. Strategy Overview
                18.1.5.5.1. Marketing Strategy
        18.1.6. Orange S.A.
            18.1.6.1. Overview
            18.1.6.2. Product Portfolio
            18.1.6.3. Profitability by Market Segments
            18.1.6.4. Sales Footprint
            18.1.6.5. Strategy Overview
                18.1.6.5.1. Marketing Strategy
        18.1.7. Bosch Sensortec GmbH (Robert Bosch GmbH)
            18.1.7.1. Overview
            18.1.7.2. Product Portfolio
            18.1.7.3. Profitability by Market Segments
            18.1.7.4. Sales Footprint
            18.1.7.5. Strategy Overview
                18.1.7.5.1. Marketing Strategy
        18.1.8. Amazon Web Services, Inc. (Amazon.com, Inc.)
            18.1.8.1. Overview
            18.1.8.2. Product Portfolio
            18.1.8.3. Profitability by Market Segments
            18.1.8.4. Sales Footprint
            18.1.8.5. Strategy Overview
                18.1.8.5.1. Marketing Strategy
        18.1.9. Datacake GmbH
            18.1.9.1. Overview
            18.1.9.2. Product Portfolio
            18.1.9.3. Profitability by Market Segments
            18.1.9.4. Sales Footprint
            18.1.9.5. Strategy Overview
                18.1.9.5.1. Marketing Strategy
        18.1.10. RAKwireless Technology Limited
            18.1.10.1. Overview
            18.1.10.2. Product Portfolio
            18.1.10.3. Profitability by Market Segments
            18.1.10.4. Sales Footprint
            18.1.10.5. Strategy Overview
                18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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