An upcoming report by PriceWaterhouseCoopers (PwC) has concluded that mobile will play a decisive role in the Internet of Things (IoT) ecosystem. According to the report, Realising the benefits of mobile-enabled IoT solutions, mobile network operators will be key to the rapid growth of the IoT by virtue of being relied upon to provide connectivity for a host of businesses and services.
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 further consolidate their position in the IoT ecosystem and enable them to further shape the future direction of the IoT.
The report also predicts that the IoT will have a $4.5tn impact on the global economy by the year 2020 and thus presents mobile operators with a key opportunity to sustain and accelerate growth beyond consumer voice and data.
The full report will be available on the Connected Living website in the next few weeks.
Summary of findings
Full report