Telcos to get $1.8trn IoT revenue by 2026- GSMA
Telecom operators will benefit from an estimated $1.8 trillion Internet of Things (IoT) revenue opportunity by 2026, the Global System for Mobile Communications Association (GSMA) has announced.
Citing fresh figures published by Machina Research in its IoT Forecast Database Research, the association said in a statement that commercial launches of mobile IoT services in licensed spectrum by a dozen operators globally highlights growing momentum around the technology.
Alex Sinclair, GSMA Chief Technical Officer, said: “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 the development of the Internet of Things.”
Machina Research’s figures show the Americas will be the top region in terms of revenue generation by 2026, accounting for $534 billion, or around a third, of the total.
In terms of individual applications, the study showed consumer demand for connected home ($441 billion), consumer electronics ($376 billion) and connected car technologies ($273 billion) represent the biggest revenue opportunities.