IDC argues huge opportunities afoot for the global IoT services market
Internet of Things (IoT) opportunities exist for service providers of all types across every global region, according to the latest analysis from research firm IDC.
In its latest market report, titled “Worldwide Internet of Things Services Forecast, 2017-2021”, IDC argues the Americas, EMEA and APAC regions represented 52.2%, 34.4% and 13.4% of the worldwide IoT services market opportunity in 2016. It states that project-based services represented the highest percentage of market opportunity in the year, and will gain nearly one point of market share to 56.7% by 2021, amounting to $ 30.8 billion.
Rebecca Segal, group vice president, worldwide services at IDC, said: “Service providers have a real opportunity in the IoT services market to show significant value to their customers by helping plan, implement, support, and operate IoT initiatives.”
Another report on similar lines from GSMA, as reported by this publication, argues that early deployment of commercial low power wide area networks (LPWAN) in licenced spectrum is said to boost IoT revenue to an estimated $ 1.8 trillion (£1.36tn).
According to the report, 12 mobile operators have launched 15 such commercial services, which includes AT&T, Telstra and Verizon (LTE-M), as well as China Mobile, China Telecom, China Unicom, Deutsche Telekom, KT, LG Uplus, M1, Turkcell and Vodafone (NB-IoT). The Americas region is expected to see an estimated $ 534 billion, or approximately a third of the total revenue.