Omdia’s latest research reveals that NB-IoT and LoRa will account for 87% of all LPWAN connections in 2028, strengthening their position in the LPWAN market with over 85% of the connections worldwide. Both technologies are in the sweet spot for mid-range IoT applications that are popular now. With sufficient differentiation between the two technologies, both are on track for success through the end of Omdia’s forecast in 2028.

The Internet of Things (IoT) MVNO market is comprised of a broad range of companies, from disruptive startups to established players, with firms of varying sizes and geographic scopes. Global technology intelligence firm ABI Research predicts that growth in the IoT MVNO market will see participants’ total revenues exceed US$2.5 billion annually by 2026, representing a five-year CAGR of 18.5% since 2021.

Over these next few months, the post-pandemic landscape will begin to take shape. Technologies like 5G, Artificial Intelligence (AI), Augmented Reality (AR), IoT, and those enabling smart cities and the smart home will play pivotal roles in reshaping businesses, verticals, and economies around the world.

According to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report.