It has become clear that as 4G and 5G will target low latency and high throughput applications in the near future, LoRa and LoRaWAN-based applications will make up a larger portion of the massive IoT space, led by mobile operators, unlicensed spectrum operators and enterprises across private rollouts. The market is heading toward a Multi-Radio Access Network (Multi-RAN) strategy leveraging complementary standards, including 4G, 5G, LoRaWAN, and others such as Wi-Fi 6.
LoRaWAN: the Ideal Complement for Massive IoT Networking
LoRaWAN networks are a leading choice to support massive IoT use cases, and have become a de facto standard with analysts expecting LoRaWAN and Cellular IoT to account for more than 80 percent of the global low power wide area network (LPWAN) market by 2023.
There are many advantages in using LoRa-based applications to remotely monitor everything from assets in transit, temperatures of refrigerators or even water leaks in the home. LoRa-based use cases are expected to continue to grow and solve many specific problems that are unable to be addressed with broadband 5G. The biggest factors driving the use of the LoRaWAN protocol are its ultra-low power capabilities, the cost effective network architecture and last mile expansion, with no need to own a licensed spectrum. As a result, enterprises and operators can deploy LoRaWAN networks in any country with any business model (public, private or hybrid).