The IoT MVNO market grew to 290 million managed connections in 2025, having grown from 45 million in 2017. By 2031, Kaleido expects the total IoT MVNO market to reach 600 million connections.

Kaleido’s latest Vertical Connectivity report offers insight into the role cellular connectivity is playing in the modern manufacturing industry. The report examines several cellular technologies, their use cases and points of integration into the manufacturing value chain.