LoRaWAN IoT Opportunities for Service Providers
Communications Service Providers (CSPs) have for years been conservative and even skeptical about their ability to participate profitably in the Internet of Things (IoT). This is due, in large part, to their dependence on traditional connectivity service business models and the prohibitive cost of replacing critical elements of the network infrastructure.
The market opportunity for CSPs has quadrupled from $2 trillion in traditional service delivery today to an estimated $8 trillion over the next few years by extending beyond consumer smart phones to include IoT services (source: Bearing Point). The question of whether a CSP should transform to support IoT and the new digital telecommunications landscape is now moot; those that don’t do so won’t survive.
In this white paper, we will explore the opportunity for CSPs to capture more available service revenue by layering IoT services onto their existing offerings and bringing enterprise and industrial IoT applications to their customer base. We will also cover the differences between cellular data connectivity, options like Narrow Band IoT (NB-IoT), and the benefits of using LoRaWAN to support a broad range of IoT applications.
This paper will explain the economics associated with adopting proven LoRaWAN technologies, and the surprisingly short time to commercialization which is achieved in days and weeks, not months or years