Global IoT connectivity is transforming the way we live our lives. From appliances that communicate with each other, to connected cars which promise to revolutionize the way we get around, there is almost no aspect of life that would not be touched by the IoT. The growth of IoT connectivity management is stunning. At the end of 2023[AS1] , there were about 500 million IoT devices with cellular connections. By 2026, that number is expected to grow to 1.8 billion. In total, there is research that predicts that by the end of 2026 there will be 20 billion IoT device management connections across the globe, a growth rate of almost 20% per year. [AS2] This means that businesses will be just as profoundly affected by the IoT platform as consumers. It is especially true for telecom service providers who are connecting growing numbers of IoT connectivity platforms, the fundamental building block of it all. Not only will they be focused on enhancing network infrastructure with IoT-friendly technology—on the road to 5G, but they will also be forced to consider how to transform their business as the IoT connectivity management platform market matures.
To take advantage of potential revenue streams the IoT will make possible, telecom service providers are already exploring moving from simply connecting devices to services like platforms & even applications.
Why IoT connectivity management platform by AIRLINQ is essential?
An IoT connectivity management platform connects & streamlines the management of IoT solutions, such as M2M (machine-to-machine) SIM cards. Occasionally referred to as the ‘connected devices platform’, the software promotes scalability of IoT device controls & reduces time-consuming onboarding procedures. The software allows businesses to reduce downtime from device repairs by proactively checking for errors & predicting failures before they happen. It also streamlines the connectivity management activities, reducing the time spent monitoring, and bolstering productivity. To stay viable with the growing device ecosystem & its capabilities, businesses need a comprehensive IoT connectivity management platform to effectively organize & monitor device performance & security. An effective IoT platform by AIRLINQ provides companies with –
- Reduced operational costs & maintenance
- Fast & secure batch activations
- Actionable insights from the collected data
- Real-time problem detection
- Enhanced connectivity, functionality, & convenience
IoT’s Promise to This Challenging World
Most of the experts concur that IoT has a huge potential to provide tangible & intangible benefits across numerous segments & sectors. IoT connectivity is the cornerstone of technologies that can enable digital transformation all across multiple industries. For instance, IoT connectivity can create a huge array of safety & efficiency benefits for industries, businesses, government agencies, & consumers. IoT connectivity management platform can improve information access & Data-driven Decision Making among global businesses & their supply-chains, enable energy effectiveness in smart homes & efficient delivery of public services. IoT connectivity also has various potential benefits for security & safety. The customer experience benefits it can bring across numerous industries, including smart cities and healthcare, where a wealth of data generated from IoT-connected devices can feed into improved Customer Experience Management.
No sector will be untouched by IoT connectivity management, while a few will be majorly impacted, including home & building construction and use, consumer electronics, education, security, manufacturing, agriculture, retail, & healthcare. The utilities & transportation sectors have recently seen the largest share of announced global IoT contracts and are expected to reap the maximum short-term benefits from IoT connectivity.
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