Telco IoT Offerings and Market Opportunity Assessment in Americas
Telco IoT Offerings and Market Opportunity Assessment in Americas
Summary
Pan regional and Tier I Telecom operators are developing Narrowband Internet of Things (NB-IoT) and LTE-M networks to meet the growing needs of business customers for a wide range of IoT solutions. NB-IoT and LTE-M offer longer battery life, coverage extension, and lower costs than traditional cellular 3G and 4G/LTE connectivity.
The government IoT segment is forecasted to grow to $22bn by 2023 in the Americas (North America and Latin America), while the manufacturing segment will grow to $16.9bn by 2023. These two verticals will account for 36.1% of total IoT revenues for the Americas in 2023. Additionally, these verticals are also closely associated with two of the most prevalent of IoT use cases, namely smart cities and Smart Industry 4.0
Software developed for a specific IoT application usually provides the greater value added to the solutions. Additionally, the analytics layer is critical to enabling an IoT implementation to drive true business value for customers. Services are crucial to help enterprises develop their IoT solutions through to the deployment, implementation and operation of the application. The software and services category will account for 79.8% of all IoT market revenue in the Americas region.
Telcos are focused on finding ways to increase their role within the IoT ecosystem space, by climbing up the IoT value chain to capture a large proportion of the revenue potential associated with IoT deployments.
Telco IoT Offerings and Market Opportunity Assessment in Americas, a new Insider report, provides an executive-level overview with qualitative insights and analysis of the IoT market trends and telco strategies.
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