Mobile Network Operators can expect to see revenues of $1.8 trillion by 2026 from Low Power Wide Area (LWPA) Network-supported Internet of Things products and services. The prediction comes by way of the GSMA, citing a new market forecast from Machina Research.
The Americas region alone is expected to account for about $534 billion during the forecast period. As for IoT sectors, the biggest opportunities will be found in the smart home ($441 billion), consumer devices ($376 billion), and smart cars ($273 billion). Mobile IoT networks will have 862 million active subscriptions by 2022, representing a little over half of all LWPA connections, the GSMA says.
Accordingly, the GSMA is working on numerous initiatives to help realize all this potential. Its GSMA Mobile IoT Initiative already has 74 participating global MNOs, and its GSMA Mobile IoT Innovators program, which is specifically aimed at fostering the development of LPWA solutions, has more than 650 participants.
The organization will tackle these efforts further at the first ever Mobile World Congress Americas event, scheduled for next month. Its 5th GSMA Global Mobile IoT Summit will take place on September 11th from 2pm to 5pm, and throughout MWC Americas 2017 the GSMA will host its GSMA Mobile IoT Innovators Showcase at 4YFN.
MWC Americas 2017 will run from September 11th to 14th in San Francisco’s Moscone Center.