The Internet of Things (IoT) is continuing to grow in scope and complexity, with more and newer solutions being fielded every day. One of the most promising spaces in the IoT ecosystem is the LoRa (long range) wireless protocol, based on spread-spectrum modulation techniques derived from chirp spread-spectrum technology.
The core hardware was developed by French company Cycleo (patent 9647718-B2), which was later acquired by Semtech, but the spectrum itself is license-free. In this video, we chat with Wienke Giezeman, Founder and CEO of The Things Industries, about the state of the market and the upcoming event.
The LoRaWAN (wide area network) specification defines the communication protocol and system architecture, an official ITU-T Y.4480 standard of the International Telecommunication Union. The development and management of the LoRaWAN protocol is handled by the open, non-profit LoRa Alliance. LoRa and LoRaWAN target key IoT requirements, such as bidirectional communication and end-to-end security, as well as mobility and localization services.
The Things Conference 2023 serves this community as a leading event about LoRaWAN and low-power IoT solutions, bringing together over 1,500 IoT professionals and more than 70 leading industry players to learn from approximately 100 curated keynotes and over 20 workshops, discovering the latest developments in low-power wireless and learning how to become a LoRaWAN expert. The event’s annual Wall of Fame features products from more than 100 partners, providing an overview of the hundreds of advanced LoRaWAN-enabled devices and gateways now available.
The IoT market has immense growth potential, with an estimated $5.5 trillion to $12.6 trillion in global value by 2030, as stated in a McKinsey report. According to IoT Analytics, DHL and Cisco show that the global market size for LoRaWAN across various industries will significantly expand: Smart city solutions market will increase by 42,1% by 2025; the market for smart agriculture solutions leveraging LoRaWAN was expected to reach $1.3 billion; and smart logistics ramping to $1.9 trillion by 2025.
The McKinsey report indicated that B2B applications are expected to account for 65% of the IoT’s potential by 2030, while B2C applications will grow quickly due to increased home adoption.
Come on down to The Things Conference, being held in Amsterdam from September 21-22, where some of the best and brightest minds in the industry will convene to share, learn, and shape the future of LoRaWAN.