“There is a real sense of momentum behind mobile IoT networks in licensed spectrum, with multiple commercial launches around the world – as well as the availability of hundreds of different applications and solutions – but there is still much to be done,” said Alex Sinclair, chief technology officer at GSMA.
“Many operators are already reaping the benefits of deploying Mobile IoT and we encourage others to act now to capitalise on this clear market opportunity and further accelerate its development.”
Particularly lucrative opportunities lie ahead around connected homes and cars, as well as consumer electronics, which could altogether be worth $1tn.
Other areas, such as connected energy and connected and smart cities, would likely account for more modest sums, but still be collectively worth at least $205bn over the same timescale.
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