K
Kathleen Martin
Guest
IoT applications are growing in complexity and generating high volumes of data. This creates the need for improved data ingestion and processing capabilities – where new data can be translated into valuable insights. With the help of IoT partners, communication service providers (CSPs) can support their customers to make data-driven business decisions and generate value from the data collected from the IoT ecosystem.
But exactly what role should the CSP play in the IoT ecosystem? What are the data platforms of choice for efficient management of data-driven services?
IoT is an immediate opportunity for CSPs to seize
The adoption of IoT continues to grow in many industries. Based on an Analysys Mason survey of 108 CSPs and IoT service providers worldwide, it’s projected that the total number of IoT connections worldwide will increase from 1.8 billion at the end of 2020 to 6.2 billion in 2030.
When it comes to cellular IoT, based on the Ericsson Mobility Report, the number of IoT devices with cellular connections is expected to reach 5.5 billion in 2027 compared to around 1.9 billion at the end of 2021 (See figure 1).
The questions that always arise in the IoT business revolve around answering how this will bring value to CSPs, and what their role is in managing this data. We’ll endeavor to answer these questions.
In terms of value, in the same survey, the total revenue from the value chain for traditional cellular and low-power wide area (LPWA) networks worldwide is expected to be around USD 247.5 billion by 2030. While this promises a substantial revenue increase in coming years, it indicates that the application layer accounts for two thirds of the total revenue (see figure 2).
Continue reading: https://www.ericsson.com/en/blog/2022/11/the-future-iot-ecosystem-will-fuel-monetization-of-data-driven-use
But exactly what role should the CSP play in the IoT ecosystem? What are the data platforms of choice for efficient management of data-driven services?
IoT is an immediate opportunity for CSPs to seize
The adoption of IoT continues to grow in many industries. Based on an Analysys Mason survey of 108 CSPs and IoT service providers worldwide, it’s projected that the total number of IoT connections worldwide will increase from 1.8 billion at the end of 2020 to 6.2 billion in 2030.
When it comes to cellular IoT, based on the Ericsson Mobility Report, the number of IoT devices with cellular connections is expected to reach 5.5 billion in 2027 compared to around 1.9 billion at the end of 2021 (See figure 1).
The questions that always arise in the IoT business revolve around answering how this will bring value to CSPs, and what their role is in managing this data. We’ll endeavor to answer these questions.
In terms of value, in the same survey, the total revenue from the value chain for traditional cellular and low-power wide area (LPWA) networks worldwide is expected to be around USD 247.5 billion by 2030. While this promises a substantial revenue increase in coming years, it indicates that the application layer accounts for two thirds of the total revenue (see figure 2).
Continue reading: https://www.ericsson.com/en/blog/2022/11/the-future-iot-ecosystem-will-fuel-monetization-of-data-driven-use
