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Helium Is Rapidly Deploying a Global LPWAN Network, Attracting Investment from European Telecom Players

Publisher IDC
Published Apr 22, 2022
Length 5 Pages
SKU # IDC17122499

Description

Helium Is Rapidly Deploying a Global LPWAN Network, Attracting Investment from European Telecom Players

This IDC market note discusses the recent announcement by Nova Labs, the company behind the Helium Network, that it had closed a new round of funding that valued the company at $1.2 billion and included notable European telecom-industry players Deutsche Telekom, Nokia and Liberty Global. The Helium Network is a global LoRaWAN network currently comprising more than 700,000 access points that uses cryptocurrency rewards to incentivize individuals to deploy network coverage.

Please Note: Extended description available upon request.

Table of Contents

5 Pages
Executive Snapshot
In This Market Note
IDC's Point of View
The Success of an Innovative Approach
The Telecom Industry Left an Opening for Alternatives
The Telecom Industry's LPWAN Approach
LoRaWAN Persists
Helium and LoRaWAN Roaming
Helium Versus Telcos
Similarities to Consumer IoT Connectivity Offers from Apple and Amazon
Telcos Are Hedging Their Bets
Advice for Telecom Players
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Synopsis

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