Comparing the current results to its competitors, Kore Group Holdings Inc reported Revenue decrease in the 1 quarter 2026 year on year by -8.76 %, despite the revenue increase by the most of its competitors of 39.38 %, recorded in the same quarter.
Kore Group Holdings Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 44.64 %
Kore Group Holdings Inc 's Comment on Competition and Industry Peers
KORE operates in the Internet of Things (IoT) market, providing end-to-end IoT enablement at scale. In the IoT connectivity sector, KORE's main competitors include telecom carriers such as T-Mobile, AT&T, Vodafone, Telefónica, and Verizon, as well as IoT-focused mobile virtual network operators and connectivity aggregators like Aeris, Wireless Logic, and Hologram, along with other regional providers. KORE's competitive advantages include its global carrier integrations, roaming footprint, the KORE One® platform, advanced connectivity services, and proprietary technology supporting multiple eSIM standards. In the IoT solutions market, competition is fragmented and consists of value-added resellers, systems integrators, device distributors, and vertical- and use-case-specific solution providers, varying by industry and geography. These competitors focus on areas such as fleet management, asset tracking, industrial IoT, and regulated industry deployments. KORE differentiates itself by integrating devices, connectivity, and lifecycle services into a unified offering and leveraging industry-specific expertise, particularly in regulated sectors like Connected Health.
Bandwidth Inc is a telecommunications company that offers a business model focusing on providing cloud-based communications services to enterprises, including phone numbers, voice calling, and messaging through their own software platform, enabling businesses to easily integrate and manage their communications needs.
8x8 Inc operates under a cloud-based communication and collaboration software business model, offering a range of services including voice, video, chat, and contact center solutions.
Ringcentral Inc is a cloud-based communications and collaboration solutions provider that offers a unified communication platform to businesses, allowing them to streamline and modernize their communications processes. The company generates revenue by offering subscription-based services, including voice, video, messaging, and collaboration tools, to businesses of all sizes.
Twilio Inc is a cloud communications platform that provides developers with APIs to embed voice, messaging, and video capabilities into their applications. They generate revenue by charging customers per usage of their services, offering various pricing plans based on the volume of usage. The company focuses on attracting developers as their customer base and aims to empower them to communicate effectively through their applications.
Vonage Holdings Corp is a telecommunications company that provides voice-over-Internet Protocol (VoIP) services to both residential and business customers. They generate revenue by offering various communication packages tailored to the needs of their customers, including voice calling, messaging, and video conferencing. Additionally, they offer different pricing plans and value-added services to retain and attract customers in a competitive market.
Sources:
Kore Group Holdings Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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