IoT is the next development of how the Internet is applied to the world. TAM for M2M/IoT is estimated at $19 trillion. The IoT device count is in the billions but will not traverse the service providers’ networks. Service providers and vendors are struggling to understand how to map the TAM dollars to real use cases, optimal technology approaches, and profitable business models.
In his session at @ThingsExpo, Dennis Ward, IoT analyst, strategist at DWE, focused on the SP transformations that will occur. In Phase I SP infrastructure virtualization. In Phase II SPs will focus on monetization. The key is IoT Cloud-based Service Centric Use cases.