European Telco IoT Offerings and Market Outlook, 2019-2023 - Government, Utilities, and Manufacturing Verticals Will Grow at a CAGR of 19%

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Dublin, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. thoroughly examines the IoT landscape, telcos' IoT value chain, and IoT business models that the telcos are applying to profit from the IoT opportunity in the region.The IoT value chain consists of five key layers: connectivity; security and M2M network management; platform; IoT applications; and operations.Telcos traditionally have a strong presence in the connectivity layer though the strength of their offerings declines when moving up the IoT value chain. This shift in positioning in the IoT value chain is happening as telcos are addressing three major market dynamics driving the adoption of IoT: optimizing the utilization of physical and financial assets, the transformation of customer engagement, and differentiation of product and services.Telcos have already perceived the need to expand their portfolio beyond connectivity to monetize the growing IoT market opportunity. To develop IoT-focused portfolio telcos are engaging in partnerships, joint ventures, mergers and acquisitions of different stakeholders that are part of the IoT ecosystem, including network vendors, technology providers, application developers, and start-ups.With the development of new applications and solutions and the focus of stakeholders to position the connectivity component as an embedded and invisible component within IoT solutions, connectivity revenue share of the total IoT market is relatively small and is expected to marginally increase in Europe.The IoT ecosystems can also be quite complex and often telcos do not have all the in-house technical capabilities required to provide end-to-end IoT solutions and services to their clients. Many telcos are focusing on leveraging their capabilities to develop cross-vertical solutions that can be applied across different IoT projects or partner with vendors to deliver solutions on a wider scale.

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Globe Newswire: 10:33 GMT Tuesday 3rd December 2019

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