Internet of things already is a potentially-significant revenue driver for connectivity providers, as the number of machine-to-machine devices continues to grow. Not all IoT device connections will require direct mobile or fixed network connectivity. Many devices will use some unlicensed local access technology, with backhaul to the internet provided by a mobile or fixed connection.
Still, mobile IoT connections are a material driver of subscriptions in many markets. “Overall, M2M/embedded mobile cellular subscriptions grew by over 30 percent in one year (the Q2 2018-Q2 2019 period) in countries where data were available,” says OECD researchers.
IoT connectivity revenues already are a material revenue source for many service providers, though estimates might vary.
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