Worldwide Telco-IoT Prominence: Key Benchmarks, Portfolios & Practices 2018-2025 - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Worldwide Telco - IoT Prominence: Key Benchmarks, Portfolios & Practices 2018 to 2025" report has been added to ResearchAndMarkets.com's offering.
This report projects that the number of IoT connections will rise from about 9.8 billion in 2018 to 15 billion by 2020 and 45 billion by 2025. Over that same period, operators' IoT revenues will rise from US$12 billion in 2018 to US$55 billion in 2020 and as much US$600 billion in 2025. As a proportion of total revenue of Telcos, IoT revenue will inevitably grow from 0.7% in 2018 to 30% by 2025.
The Internet of Things (IoT) market is expected to grow strongly in the coming years, as new services are deployed on top of old technologies, making the transition for consumers easier and cheaper. The emergence of IoT is bringing fresh opportunities for Telcos. Moreover, these opportunities will not only drive both the bottom line and top line of Telcos, but it will also help in achieving more operational efficiency as well as additional revenue streams.
Despite the upbeat outlook that has long surrounded it, IoT continues to underwhelm, as far as most Telcos are concerned. IoT still accounts for only a small part of Telcos' business. It is also observed that Telcos are mainly interested in providing connectivity solutions.
Telcos must focus on offering more than just connectivity solutions. Telcos have a great opportunity to enter into IoT services, and business intelligence based on data mining. Telcos can also collaborate with other players in the IoT ecosystem such as hardware providers, and create multiple solutions for different industry verticals. Apart from that, a vast amount of data is being generated at Telcos' end, a goldmine they must start exploring right away!.
Glimpse of FindingsTelcos can make their IoT business profitable by just acquiring right IoT businesses. 90% IoT players are targeting 50% industry segments. Telcos must target rest of the 50% industries which are under-penetrated and hold immense potential for growth. Highly successful IoT players invested 50% less than failed or mediocre IoT players in the last 5 years. Therefore, a well targeted vision and right approach is more important than anything else to be successful in IoT market. Industries that aren't technology-based today will constitute 90% of total IoT market in the next 10 years. 75% of the organisations will increase their IoT spending in the next 2-5 years by up to 200%.
Companies FeaturedAT&T Vodafone Telefonica Huawei ZTE Airtel Etisalat Telenor Reliance Jio Radisys Softbank Singtel
Key Topics Covered
2 Executive Summary
3 Telco-IoT Market Structure, Ecosystem, and Value Chain Analysis
4 Telco-IoT Regional Benchmarking: IoT Players' Offerings, Business Models, and Future Strategies
5 Telco-IoT Opportunity Analysis & Forecast 2018-2025
6 Conclusions, Recommendations, and Strategic Analysis
For more information about this report visit https://www.researchandmarkets.com/research/v6f3pt/worldwide?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005077/en/
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Related Topics:Telecommunications and Networks,Internet of Things and M2M
INDUSTRY KEYWORD: TECHNOLOGY TELECOMMUNICATIONS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 08/31/2018 05:06 AM/DISC: 08/31/2018 05:06 AM