The impact of the Internet of Things(IOT) technology has been major in all sectors. The word industry 4.0 to crony digital transformation all is wooed by IoT. None the less is the telecom sector, with the augmentation of 5G and MIMO architectures, the telecom sector is quite relying on IoT-Based technologies.
The IoT and machine to machine technologies, along with the digital revolution, have become increasingly crucial in the telecommunication sector.
To the unknown, the telecom sector has been one of the early sectors to adopt IoT and innovate and tailor offerings around this sphere.
Research suggests that IoT can generate $1.8 trillion in revenue for mobile network operators. To benefit from these emerging revenue opportunities, telecom companies must develop innovative methods and applications to monetize IoT solutions.
The introduction of IoT in telecom is set to transform the role of telecom service providers in enabling communication between people and devices.
IoT in Telecom is being continuously refined and enhanced.
Various Telecom operators are now increasingly utilizing digital platforms that combine connectivity, mobile, analysis, security, and cloud in order to support business, which in turn facilitates better revenue opportunities for them. Some of the key applications, such as vehicle telematics, logistics tracking, industrial automation, traffic management, and others are supporting the growth of the Telecom IoT market.
The major factors that are boosting the growth of the telecom IoT market are the increasing adoption of Telco could, rising penetration of smart connected devices, and need for network bandwidth management and automation in communication operations. In addition, the evolving next-generation wireless networks and rising usage of smart technology & distributed applications are anticipated to provide significant growth opportunities for the telecom IoT market growth in the coming years.
Telecom IoT Protocols
There are two protocol technologies telecoms use to connect IoT devices to their networks, LTE-M and narrowband IoT (NB-IoT).
AT&T, Orange, Vodafone, and Verizon all say they have roaming capabilities for their IoT devices because of the SIM cards capabilities in the devices.
Few reports have been taken from Premium Market Insights