The LoRa Alliance has expanded the LoRaWAN standard to facilitate IoT applications by introducing a new codec API, which simplifies the integration and deployment of devices, thus reducing complexity and time-to-market. LoRaWAN has been officially recognized as a global IoT standard by the ITU, marking a significant milestone that promotes the adoption of the technology globally. The market for LoRa technology is experiencing rapid growth, particularly in China, which leads the adoption of LPWAN technology as a part of its digitization efforts.
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