Service Providers need to include monetization tools as part of their overall IoT solution to enterprises. We are in the midst of a digital transformation and the Internet of things is leading the revolution, with 40 Billion connected devices expected by 2025.
The enterprise ecosystem of connected things is poised for explosive growth with 40 billion connected devices coming online by 2025. As the service provider marketplace grows more convoluted every day and marches towards service provider consolidation and network convergence, further pressure is going to be placed on a higher degree of granularity and flexibility to offer any combination of service, at any price point, to any customer.
By all accounts, the Internet of Things (IoT) is still in its early days. It is predicted that 40 billion devices will be connected by 2025 This is happening both on the consumer side of IoT, as new devices such as refrigerators and home security systems come online, and in the traditional machine-to-machine (M2M) communications space, which can be referred to as the B2B IoT.
Communications Service Providers (CSPs) have long been wanting to move past being a dumb pipe into a customer’s home. They’ve taken a hit from VoIP and mobile providers, who have cut into their voice revenues; over the top (OTT) players, who are trying to wrestle away their video and television revenue, and alternative internet providers, who have cut in on their broadband revenues.