The growing number of opportunities presented by emerging technologies, such as the Internet of Things (IoT), has put us at the forefront of a new revolution—limited perhaps by only our own imaginations. In Africa, in particular, the potential is huge. With applicability to healthcare, energy savings, e-finance, waste management, and fleet management traversing borders, the IoT business use cases are as varied as they are vast.
If IoT's potential can be truly realized and collectively harnessed, however, these opportunities will impact not just telcos and other businesses, but most importantly, people and communities.
On a global scale, industry research firm IDC predicts that by 2025, there will be 55.7 billion connected devices in circulation, 75% of which will be connected to an IoT platform.
The African and Middle East IoT market is second only to Asia-Pacific in its rate of IoT growth, which will unleash a host of economic benefits. According to GlobalData, IoT revenue in the region is set to double by 2023.
What does this all mean?
The enormous number of connected devices will have even more access to networks beyond just their home network. With the next generation of roaming services such as IoT, VoLTE and 5G leading the way, the industry is experiencing a rapidly changing reality right before our very eyes.
As a direct result, telcos are observing new usage patterns and adjusting commercial wholesale models in support of new retail and enterprise rate plans to appropriately monetise this activity accordingly.
That includes you too! So don’t miss out. Join us at MWC Africa where Syniverse experts will host a roundtable discussion about how monetising these next-generation roaming solutions can boost your bottom line.