How Pareteum Can Help MVNOs Access the IoT Market
This week, we’re covering the increasing convergence of two of our favorite topics — the Internet of Things (IoT) and Mobile Virtual Network Operators (MVNOs). Two industries, both alike in opportunity, we discuss:
Why is IoT Important?
Let’s begin with the Internet of Things. IoT devices have been around for quite some time. Indeed, at a 1990 exhibition, a gentleman by the name of John Romkey introduced a toaster that he had connected to the Internet via the TCP/IP protocol, making it the first ever IoT device in existence.
Humble beginnings aside, the IoT market has advanced substantially over the last 30 years. With the advent of smart thermostats, smart watches, and yes, even smart toasters, the staying power of IoT has been extraordinary, and every innovation in connectivity (Wi-Fi 6, 5G, etc.) has breathed new life into the industry. Today, IoT offerings span every sector, from healthcare to transportation, facilitating cost savings, data sharing, logistics, operations, and more.
According to a white paper published by Tata Communications in November 2019, the IoT market is predicted to grow to USD $520 billion by 2021, with the number of connected devices surpassing 27 billion in the same year. Over at Statista, they predict that end-user spending on IoT solutions will reach USD $418 billion by 2021 and surpass USD $1.5 trillion by 2025.
While the general calamity of 2020 requires that we take any predictions with a generously proportioned grain of salt, it’s quite clear that the future of IoT is bright. And there’s a pretty penny to be made in the IoT industry by those that endeavor to do so.
How are MVNOs approaching IoT?
This takes us to Mobile Virtual Network Operators (MVNOs). Without connectivity, smart devices and IoT deployments lose their luster. So, for MVNOs, the most obvious IoT opportunity is this. Offer cellular and Wi-Fi network access to keep devices connected and communicating.
There are two paths forward here. First, MVNOs can facilitate connectivity for new IoT devices and offerings. And, because MVNOs tend to have more flexibility, scalability, and control over their services than global carriers, they can offer IoT companies a more convenient, affordable way to power their deployments.
Second, MVNOs can offer their networks to supplement existing IoT deployments. For example, if a carrier is facilitating shipment tracking for a transportation company and would like to improve the range, quality, or precision of their service, they can work with MVNOs to do so, without investing in new physical networks.
Beyond connectivity, MVNOs have also been building comprehensive IoT platforms to help their customers manage deployments. Indeed, the folks over at IoT For All forecast that by 2025, there will be more than 40 billion IoT devices worldwide — spanning healthcare, logistics, automotive, aviation, construction, energy, public utilities, and more. And, since these deployments will only grow and become more sophisticated, the ability to manage and automate them from a centralized platform will become essential to ensuring they realize their full potential.
How the Pareteum Experience Cloud can help MVNOs access the IoT market
Whichever route you choose, Pareteum Experience Cloud has you covered. A single-source cloud communication platform, it provides limitless scale and control for the creation and management of mobile experiences and IoT market offerings.
This includes access to the Pareteum Smart Network, which is the world’s largest unified global network with integrated cellular and Wi-Fi connectivity in 200+ countries and territories. It gives MVNOs the ability to accommodate a wide variety of bespoke IoT deployments, with the scalability and adaptability necessary to offer the best possible service at the best possible price.
Moreover, because Pareteum SmartConnect facilitates intelligent network selection, MVNOs will be better positioned to offset the data costs incurred by these IoT deployments by offloading to Wi-Fi. And, of course, by handing off between Wi-Fi and cellular networks based on quality and availability, Pareteum SmartConnect ensures an always-best-connected experience.
If you’re interested in learning more about how the Pareteum Experience Cloud can help you build cutting edge IoT offerings, feel free to set up a meeting! In the meantime, feel free to peruse the product pages on our site.