"The most important distinction between different LPWA formats is not the technology. The business model has emerged as the most important way to segment the market," says Principal Analyst Joe Madden.
"RF performance aside, some enterprises insist on control over their own networks. This is extremely beneficial to LoRa, along with a few other unlicensed technologies. LTE-M and NB-IoT benefit from basic choice to use an operator-based network. For customers that are willing to use a widespread network, the superior link budget of NB-IoT comes into play."
Further, the report also provides a view of how 5G IoT will come into play with LPWA applications, and forecasts the prospects for 5G IoT devices to add value where NB-IoT and LoRa devices are already entrenched.
"A few years ago, people began latching on to the idea of an interconnected society, referring to it as the 'Internet of Everything' in which a single network allows very diverse sensors and devices to interact with each other. In fact, we don't see that happening. Many smart applications have emerged, but they are using different networks, because customers are making independent decisions on network technology and devices — meaning the markets are growing more vertically instead of horizontally," says Madden .