GSMA Forecasts $1.8 Trillion in Total IoT Market Application Service Revenue Opportunity by 2026

GSMA Forecasts $1.8 Trillion in Total IoT Market Application Service Revenue Opportunity by 2026

The GSMA’s Internet of Things Programme is an industry initiative designed to help mobile operators accelerate the delivery of compelling and secure I

Last updated on May 16th, 2018 at 11:13 am

The GSMA’s Internet of Things Programme is an industry initiative designed to help mobile operators accelerate the delivery of compelling and secure IoT solutions that harness big data to deliver value to individuals and enterprises alike. By developing key enablers, facilitating industry collaboration and supporting network optimization, the Internet of Things Programme is enabling consumers and businesses to harness a host of rich new services, connected by intelligent and secure mobile networks.

In its 9 page document titling: Guide to the Internet of Things (2017), GSMA forcasts that over $1.8 Trillion in total IoT market application service revenue opportunities will exist globally by year 2026. A regional breakdown and implications of these opportunities are explored in this article.

North America: $419bn
Latin America: $115bn
Europe: $453bn
Middle East/Africa: $86bn
Asia-Pacific: $707bn

 






The guide explains how the GSMA’s Internet of Things Programme is helping mobile operators and the wider IoT industry accelerate the delivery of compelling and secure IoT solutions that harness big data to deliver value to individuals and enterprises alike. The GSMA Internet of Things Programme includes:
– Mobile IoT (Low Power Wide Area)
– IoT Big Data
– IoT Security
– IoT Policy & Regulation
– Connected Vehicles
– Smart Cities
– Drones

The Internet of Things is generating a huge amount of data that is currently retained in vertical silos. However, a common, global approach to big data that utilities rich data sets from operators and relevant industry sources will accelerate the development of new IoT solutions. What do you think of these global initiatives?

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