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Operators Must Look Beyond Connectivity To Monetize IoT

June 14, 2019 / ceoworld

The Internet of Things (IoT) is growing at a phenomenal pace. IDC predicts investment in IoT technology will reach $745 billion this year, while cellular IoT connections are expected to grow at an annual rate of 30 percent until 2023, driven in large part by enabling technology, such as 5G and edge computing. At this level of growth, as many as 1.3 billion connections are expected in 2019.