The Internet of Things is weaving a new worldwide web of interconnected objects. As of Q1-2020, about 1.9 billion devices were connected to wide area networks based on cellular or LPWA technologies. The market is highly diverse and divided into multiple ecosystems. Berg Insight forecasts that annual shipments of cellular and non-3GPP LPWA IoT modules will grow at a compound annual growth rate (CAGR) of 19.5 percent from 344 million units in 2019 to 839 million units in 2024.