Evolution of mobile networks for the Internet of Things
The emergence of IoT will bring radical innovations and entirely new ways of delivering services across businesses and industries. Over the past few years, an exponential growth in smartphones led by ubiquitous mobile broadband coverage transformed telecom networks to being data centric networks. The evolution to the IoT will see mobility, broadband, and cloud as disruptive forces driving innovation in service delivery, network efficiency, and process agility to support the commercial models emerging from the Internet of things (IoT)
Unlike mobile broadband where the prime use case was smartphones, the evolution to IoT will necessitate a wide variety of use cases with varying degree of complexity to support varying demands of industries. To address these challenges, networks need to bring efficiency, agility, and automation to a level where they can offer viable commercial models addressing a wide spectrum of use cases encompassing many industries with their unique requirements and cost points.
IoT is a rapid-growing segment and forecasts point towards 30 Billion connected devices by 2020. Gartner predicts the IoT will provide a value add of USD 1.9 Trillion across all industries; making it one of the largest industries in 2020. An ecosystem of this magnitude means plenty of opportunities to explore new business models and revenue opportunities; however it is imperative for service providers to define their role today in this growing eco-system.