The world is adding Internet of Things devices at an astonishing rate. According to McKinsey, the number of businesses that use IoT technologies increased from 13 percent in 2014 to about 25 percent last year. And the worldwide number of IoT-connected devices is projected to increase to 43 billion by 2023, an almost threefold increase from 2018.
This has opened up a wide range of opportunities for the companies that manage the IoT infrastructure. Managed IoT services providers assume control over connected device infrastructures and handle some or all of the related tasks, such as data collection and IoT monitoring. To date, IoT managed service providers have connected more than 50 million IoT subscribers across the globe, according to a new research report by Berg Insight.
Increasingly, managed IoT services providers are expanding their reach by aggregating multiple wireless wide area networks (WANs) to provide superior area coverage, multi-domestic footprints and multi-technology connectivity on a single platform. In Europe and North America, managed IoT services providers currently hold a combined market share of 15 to 20 percent. Most IoT managed service providers operate as full mobile virtual network operators (MVNOs) using their own core networks and platforms featuring connectivity management controls and other value-added services, according to the report.
“IoT managed service providers play an increasingly important role in the fast-growing international connectivity segment,” said Fredrik Stalbrand, a senior analyst at Berg Insight, in a statement. “Several IoT service providers are leading the commercialization of advanced SIM solutions, based on eUICCs and multi-IMSI SIMs or a combination of the two. These solutions offer an alternative to the roaming model, enabling devices to automatically connect to a local cellular network.”
Aeris and KORE Wireless have emerged as two of the largest players in North America, with 14 million and 13 million cellular IoT subscribers respectively at the end of 2019, according to Berg Insight.
To learn more about how managed service providers (MSPs) can bolster your company’s IoT efforts, make plans to attend MSPEXPO, part of the #TECHSUPERSHOW series. MSPEXPO has been designed to help service providers understand how they can drive more recurring revenue, increase the valuation of their companies, grow their networks and deliver better customer service. It will also help companies looking for MSP partners to understand how MSPs can help them grow. The show will take place from February 9th to 12th, 2021, in Miami Beach, Florida. For more information or to register, visit the show website.
In addition, plan on attending the IoT Evolution show at IT EXPO. The show, which will take place from June 22 to 25, 2021 in Miami, Florida, will examine the intelligent technologies, platform options and devices that will power IoT Solutions, and connect attendees to managed IoT service providers. Attendees will be able to participate in over 120 business and technology IoT conference sessions, workshops and keynotes, and meet with hundreds of key suppliers and managed IoT services partners on the IoT trade show floor.
Edited by
Maurice Nagle
