Published Date : May 28, 2018
Albany, New York, May 28, 2018: MarketResearchReports.biz announced the addition of a new research report to its online repository. The research report, titled “Telcos Approaches to IoT Monetization: Ecosystems and Business Models to Go Beyond Connectivity”, is a detailed explanation of the collaborating words of IoT industry and telecom industry. Analysts have used the best research methodologies to scrutinize the changing landscapes of these industries and their interdependence. The report includes an assessment of the efforts being made by the telecom companies modernize their offerings in order to profit from the IoT monetization.
Telecom companies have been extremely brave with reinventing themselves with changing times and consumer needs. In an extremely competitive market, telecom companies have survived through innovative offerings and consumer-centric services. In tandem with these efforts, the future is likely to witness a natural acceptance of IoT in the world of telecommunication. Several operators are already taking an active part in connecting everything with IoT sensors, network connectivity, and devices. Thus, adoption and application of IoT solutions in collaboration with telecom services is likely to be a natural extension of effort made by telecom vendors to connect people.
The rise of APIs, developers, and ecosystem participants have remarkably encouraged the IoT applications. Over the years, there has been an exponential rise in the number of connected devices that range from television to watches to sophisticated industrial equipment. This trend is expected to open up many lucrative opportunities for telecom companies as their will partner with businesses to be a part of the IoT ecosystem for lifecycle management of these connected devices.
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The increasing connectivity between devices is expected to generate huge amounts of data in the coming years. The data produced and transferred is anticipated to generate a demand for analytics, which will offer a brilliant opportunity to telecom companies for IoT monetization. Organization, storing, and understanding the huge amount of data is expected create a whole new avenue for understanding business in the coming years. IoT will be a welcome change for the telcos as towards to connected future that is aimed at making communication simpler, convenient, and easier for end users.
The key players showing keen inclination toward IoT monetization are TATA Communications, Verizon, Deutsche Telekom, Orange, Softbank, AT&T, Zain, and TIM. The research report makes a detailed evaluation of the steps taken by these companies to ride the wave of IoT monetization. It explains the IoT landscape and the business models being developed by these companies to benefit from it. The research reports offers a look at the financial outlook of these companies, their product and services portfolio, and their expansion plans for the near future. The publication also includes an assessment of the emerging trends in the market, which have been authenticated by comments and suggestions by market experts.
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