IoT News – Semtech Releases Reference Kit to Simplify Adoption of LoRa®-based Asset Tracking Solutions – IoT Business News
According to IHS Markit LPWAN market report 2019, worldwide connections in asset management have grown from 15 million in 2017 to more than 50 million in 2019, and are expected to reach almost 500 million in 2023. Despite the continued growth of IoT for asset tracking, the highly technical nature of IoT serves as a barrier to entry for many potential businesses. As preferred IoT solutions, LoRa devices offer a proven feature set for enabling a wide range of asset tracking solutions that meet customer needs and deliver real return on investment. Asset tracking often requires sensors to be installed in industrial environments minimizing the impact on the production. LoRa devices’ unique ability to provide cost-effective infrastructure for both indoor and outdoor coverage with geolocation combined with multiple year battery life make the platform the preferred technology for asset tracking projects.