Operators’ spending on vendor IoT device management platforms will reach USD263 million by 2026

Operators want to offer IoT device management platform capabilities, but most lack the credibility and resources to build their own platforms and compete in the market. Most operators therefore rely on vendor platforms to complement their IoT offerings. We expect that operator spend on vendor platforms will grow from USD44 million in 2017 to USD263 million in 2026. Most operators are not well-equipped to compete in the IoT device management market and prefer to rely on vendor partners Many operators want to expand and support their IoT businesses beyond connectivity by offering IoT platform services such as device management. However, they have limited skills and experience in building and providing such platforms. Most operators are also reluctant to commit to developing such technologies and wish to avoid competing directly with web-scale players such as AWS and Microsoft Azure which are known to respond faster to platform technology and market development.