Friday, September 27, 2019

Majority of IoT Connection Revenue to Come from Enterprise

Ultimately, about half of IoT connections supplied by mobile operators will come from enterprise customers, while half comes from consumer use cases, Mobile Experts aregues. But revenue will come disproportionately from enterprise use cases, as historically has been the case for telecom operator revenue sources. 

Analysts at ABI Research also agree that enterprise applications will drive much of the profit upside. 


Applications for industrial markets will drive much higher revenue than simple consumer devices, for example. According to Mobile Experts, Edge Computing platforms and Cloud platforms for non-real-time applications are now the critical part of developing the IoT market.


"Many people assumed that massive growth in IoT was going to happen quickly and easily. Three years ago, we disagreed, and predicted a slower rise of IoT adoption,” said Madden. “We expect the installed base of IoT devices to achieve some healthy growth from three billion in 2019 to 8.5 billion in 2024." 

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