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06 September 2017
| Natalie Bannerman
The GSMA has found that network operators are set to benefit from a $1.8 trillion revenue opportunity by 2026.
Figures from Machina Research, a London based analyst house,
show that this revenue opportunity is bolstered by early
deployment of commercial Low Power Wide Area Networks (LPWAN)
in licensed spectrum. The research also forecasts that the
Americas will account for an estimated $534 billion or
approximately a third of the total revenue.
According to the report, in their report IoT
Forecast Database Research, consumer demand for
connected homes at $441 billion, consumer electronics for $376
billion and connected car technologies at $273 billion
represent the biggest revenue opportunities for IoT. Connected
energy it is set to reach roughly $128 billion by 2026, driven
by local governments and consumers looking for smarter ways to
manage utilities. Similarly, connected cities are set to reach
$78 billion by the same year.
The findings highlight the growth opportunities for mobile
operators through new mobile IoT applications and services. To
date, 12 mobile operators have launched 15 commercial mobile
IoT services, including AT&T, Telstra and Verizon, as well
as China Mobile, China Telecom, China Unicom, Deutsche Telekom,
KT, LG Uplus, M1, Turkcell and Vodafone.
Alex Sinclair, chief technology officer at GSMA, said:
"There is a real sense of momentum behind mobile IoT networks
in licensed spectrum, with multiple commercial launches around
the world, as well as the availability of hundreds of different
applications and solutions, but there is still much to be done.
Many operators are already reaping the benefits of deploying
Mobile IoT and we encourage others to act now to capitalise on
this clear market opportunity and further accelerate the
development of the Internet of Things."
Through the use of NB-IoT and LTE-M technologies which
utilise globally agreed 3GPP standards to scale the IoT, mobile
operators are enhancing their networks. Mobile IoT networks are
expected to have approximately 862 million active connections
or 56 per cent of all LPWA connections by the year 2022. These
new mobile IoT networks are designed to support mass-market IoT
applications across a wide variety of platforms and users, such
as: industrial asset tracking, safety monitoring, water and gas
metering, smart grids, city parking, vending machines and city
lighting, all requiring solutions that are low cost, use low
data rates, require long battery lives and can operate in