LoRaWAN IoT Opportunities for Service Providers
Right Time, Right Place, Right Partners
The market opportunity for Communication Service Providers (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.