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20
END
OF
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REPORT
2024
Approved
for
distribution
outside
of
the
LoRa
Alliance
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®
Beecham Research's 2024 reports position LoRaWAN
®
as the preeminent LPWAN technology, delivering cost-effective, scalable,
and sustainable solutions across smart cities, smart buildings, and asset tracking. These reports highlight the transformative impact of
LoRaWAN in addressing global IoT connectivity needs with its low-cost deployment, energy efficiency, and secure communications.
In smart cities, LoRaWAN is driving innovation across diverse
applications, including smart parking, traffic management,
environmental sensing, adaptive lighting, and public safety.
LoRaWAN networks facilitate the integration of multiple use
cases on a single network, enabling cities to optimize resource
use and enhance urban living standards. The global IoT smart
city market, valued at $73.5 billion in 2023, is projected to grow
at an annual rate of 18.3%, reaching $238 billion by 2030.
LoRaWAN's co-existence and integration with other technolo-
gies like cellular and Wi-Fi ensures flexibility and adaptability,
while its low-power sensors offer up to 10 years of battery life,
making it an essential tool for sustainable urban development.
In smart buildings, LoRaWAN is reshaping building manage-
ment with applications in energy monitoring, HVAC optimiza-
tion, predictive maintenance, leak detection, and occupancy
tracking. LoRaWAN solutions address post-pandemic priorities
such as energy efficiency, air quality, and operational cost re-
duction. Its ability to integrate seamlessly with legacy systems
and support thousands of devices on a single network reduc-
es infrastructure costs and enhances scalability. With annual
growth of 16% expected through 2028, LoRaWAN is increas-
ingly recognized as a critical enabler of smarter, healthier,
and more efficient building environments.
INSIGHTS FROM BEECHAM RESEARCH:
LoRaWAN
®
DRIVING INNOVATION IN SMART CITIES,
BUILDINGS, AND ASSET TRACKING
READ THE SMART CITIES REPORT
READ THE SMART BUILDINGS REPORT
LoRaWAN® Sector Reports Series
Smart Buildings with LoRaWAN®
Use of the LoRa Alliance® and LoRaWAN® marks is pursuant to license from the LoRa Alliance®.
Leveraging LoRaWAN® for Smart Cities:
Cost-Effective, Scalable, Sustainable Connectivity
LoRaWAN® Sector Reports Series
Use of the LoRa Alliance® and LoRaWAN® marks is pursuant to license from the LoRa Alliance®.
