FREMONT, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — The LoRa Alliance®, the global association of companies backing the open LoRaWAN® standard for the internet of things (IoT) low-power wide-area networks (LPWANs), today issued its 2023 End of Year Report. It highlights the LoRa Alliance’s incredible achievements throughout the year, in addition to providing updates on LoRaWAN deployments, technology and certification advancements.
Trends highlighted in this year’s report include:
- LoRaWAN is seeing strong global deployment growth across several vertical markets, including smart buildings, utilities, cities, agriculture and industry.
- There is continued diversification of the Alliance’s collaborative ecosystem, which drove end-to-end IoT solutions.
- Deployments are delivering strong ROI, which in turn is accelerating the decision-making process for new users and projects.
- Smart cities are increasingly requiring LoRaWAN certified end-devices in their RFPs.
- LoRaWAN took a leadership position in Industry 5.0 as it meets the sustainability, efficiency and quality-of-life requirements.
- The benefits and ROI of LoRaWAN deployments are exponential when end users collaborate with system integrators and solution providers.
- LoRaWAN is the leader in the emerging satellite-based LPWAN communications market, with multiple member companies delivering networking via satellite and rapidly growing deployments in the sector.
- The Alliance is meeting the emerging workforce needs of the IoT with its LoRaWAN Accredited Professional program, giving end users confidence in the vendors they select.
“In 2023, key end markets such as cities, buildings and utilities widely embraced LoRaWAN and the ROI it provides, leading to large-scale deployments that sparked further innovation in use cases,” stated Donna Moore, CEO and Chairwoman of the LoRa Alliance. “The demand for certified LoRaWAN devices within these essential sectors continues to grow as it is critical for massive device rollouts. Confidence in LoRaWAN was further reinforced through our Accredited Professional program, which addresses end users’ desire for a way to evaluate vendors’ knowledge of development and implementation of LoRaWAN. As the leader in global LPWAN deployments, we anticipate an even stronger year in 2024.”
“We continued to see strong growth globally in IoT deployments in 2023, with LoRaWAN clearly established as the market leader in LPWANs,” said Robin Duke-Woolley, CEO and Chief Analyst, Beecham Research. “With its established and active ecosystem, considerable involvement of system integrators and solution providers, and expansive features, including connectivity via satellite, we expect LoRaWAN will see strong growth again in 2024 as the IoT continues to mature.”
Other highlights from the 2023 report:
- IEC and CEN standards validated LoRaWAN for smart metering, building on earlier OMS Group and DLMS-UA adoptions and further strengthening LoRaWAN’s ability to meet this market’s specialized requirements.
- Two Technical Recommendations were released improving and augmenting LoRaWAN functionality, including using Carrier Sense Multiple Access (CSMA) to increase network capacity and Multicast D2D communication for direct over-the-air communication between devices.
- Several FAQ documents were issued to strengthen users’ understanding of recent enhancements to the LoRaWAN specification, including payload codec API, relay, IPv6 adaptation layer and security.
- Pre-testing of firmware updates over the air (FUOTA) and relay specifications using the LoRaWAN Certification Test Tool (LCTT) were enabled, along with new reporting features.
- The Interoperability Work Group developed tools and procedures to test and certify interoperability between LoRaWAN network elements and built an interoperability testbed architecture.
- Beecham Research conducted an extensive study focusing on networking technologies for smart cities, buildings and utilities, releasing two reports offering valuable insights into the evolving landscape of IoT in these markets:
About LoRa Alliance®
The LoRa Alliance® is an open, nonprofit association that has become one of the largest and fastest-growing alliances in the technology sector since its inception in 2015. Its members closely collaborate and share expertise to develop and promote the LoRaWAN® standard, which is the de facto global standard for secure, carrier-grade IoT LPWAN connectivity. LoRaWAN has the technical flexibility to address a broad range of IoT applications, both fixed and mobile, and a robust LoRaWAN Certification program to guarantee that devices perform as specified. The LoRaWAN standard has been deployed by more than 170 major mobile network operators globally, with connectivity available worldwide. More information: lora-alliance.org
LoRa Alliance®, LoRaWAN® and LoRaWAN CertifiedCM are licensed marks.
MEDIA CONTACT:
Kiterocket
Stephanie Quinn, LoRa Alliance PR, +1 480 316 8370, [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa7d49ad-d7c5-4d2b-b26b-a3c001078b8e
