UK based a data analytics and consulting company GlobalData is forecasting that, IoT products sales growth will be at CAGR of 22.4 per cent between 2018 and 2023 with an expected revenue beyond $96 billion in the Asia Pacific (APAC) region. As 5G network rollout is nearing its final stage, it will drastically increase the launch of more cellular based IoT networks along with software and services for connectivity.
IoT products sales growth will be at CAGR of 22.4% between 2018 and 2023 with an expected revenue beyond $96 billion in the Asia Pacific (APAC) region.
Telecom players, needs to enhance their service portfolio to stay relevant in IoT marketplace.
This increased potential of the IoT industry will create some new challenges for the telecom sector as they need to enhanced service portfolios to be relevant in the IoT marketplace. As the recent development in IoT connectivity, I noticed few companies, like
http://fossa.systems, https://www.lacuna.space and https://www.utias-sfl.net/?page_id=2312 etc. are launching proprietary or open source LoRa Satellites for IoT devices to be connected in the far most and remote areas of the planet by using LoRaWAN protocol.
Major player in India’s telecom sector are aware about this opportunity and must be working on their strategies to provide services beyond connectivity which may include scalable IoT platforms, device integrations with top-notch security protocols and device operations dashboard/management.
