A new report by PriceWaterhouseCoopers (PwC) has found that mobile will play a decisive role in the growth of the Internet of Things (IoT), which in itself will generate significant socioeconomic benefits in both emerging markets and developed countries.
The report, Realising the benefits of mobile-enabled IoT solutions, concludes that mobile network operators will facilitate rapid growth of the wider IoT ecosystem by virtue of being relied upon to provide connectivity for a host of businesses and services. The report also reviews an array of existing mobile-enabled solutions and determines how they are fundamentally changing business models, creating more opportunities and conserving resources.
The Machine-to-Machine (M2M) market is already demonstrating how operators are providing long range connectivity across of range of different verticals, leading to greater cross-industry cooperation and new revenue opportunities. The knowledge and expertise that operators will develop through working in a multiplicity of markets and industries will consolidate their position in the IoT ecosystem and enable them to further shape the growth of the IoT. The massive impact of the IoT on the global economy in the coming years will enable mobile operators to sustain and accelerate growth beyond consumer voice and data.
Download the report