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The Internet of Things (IoT) is undergoing a major transformation. Not only is the market growing to an incredible extent, with some analysts even predicting a total value of $1.4 trillion by 2027, but its composition is also changing. For now, the vast majority of these devices are not really roaming, or even using mobile connections, but are instead reliant on other forms of connectivity, like Wi-Fi and Bluetooth.   However, this will not be the case for long. Low power wide-area networks (LPWAN) are growing rapidly to address the massive IoT market applications that are now being demanded, set to rise to 41% of module sales by 2025. As enterprises continue to focus on digitalisation in the wake of the coronavirus pandemic, the motivation for growth is clear to see. On the other hand, telco IoT monetisation strategies are being slow to adapt to this evolving environment, still being overly reliant on traditional revenue streams…

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