IoT managed service providers have connected more than 50 million IoT subscribers globally, according to a new report released by Berg Insight.
In Europe and North America, these players hold a combined market share of 15–20%. Most IoT managed service providers operate as full mobile virtual network operators (MVNOs) using their own core networks and platforms featuring connectivity management controls and other value-added services.
Key factors helping IoT service providers to expand their footprint is their ability to aggregate multiple wireless wide area networks and thus provide superior area coverage, multi-domestic footprints and multi-technology connectivity on a single platform.
Aeris and KORE Wireless have consolidated their positions as leading players in North America, with 14 million and 13 million cellular IoT subscribers respectively at the end of 2019. Sierra Wireless has established a trans-Atlantic subscriber base with 3.6 million IoT connections in both Europe and North America. In Europe, Wireless Logic is the largest IoT managed service provider with about 3.5 million subscribers.
1NCE has grown rapidly to become the runner up in Europe since its launch in 2018, providing cellular IoT connectivity to about 3 million devices at the end of 2019.
Fredrik Stalbrand, a senior analyst at Berg Insight, said: “IoT managed service providers play an increasingly important role in the fast-growing international connectivity segment.”
“Several IoT service providers are leading the commercialisation of advanced SIM solutions, based on eUICCs and multi-IMSI SIMs or a combination of the two. “These solutions offer an alternative to the roaming model, enabling devices to automatically connect to a local cellular network.”