By 2021, more than 50 billion devices will be connected via the Internet. The Internet of Things (IoT) is a state-of-the-art technology that connects physical objects such as vehicles, tools, street lights, portable devices, wind turbines and other devices to enable communication, data exchange and intelligent decision making. Combined with the rapid growth of the IoT market, Low Power Wide Area Networks (LPWANs) have become a popular long-range wireless communication technology.