The IoT market is proliferating with the development of wireless networking technologies, the advent of advanced data analytics and data processing, increase in cloud platform adoption, and reduction in the cost of the connected device. Every business wants to establish their feet in the IoT market. Recently, Season Group, a Hong-Kong based electronics manufacturer launched SG wireless and thus entered into the IoT market. A full stack IoT provider, SG Wireless is created to assist customers in taking their IoT concepts to a finished product.
The rate at which IoT is growing has an intense effect on everyday life. As per the report by Gartner, by 2020 the IoT market will increase with the rollout of 5G connecting over 20 billion devices. Different firms are trying to bring new platforms to improve connectivity and adoption of IoT across the industries. The example of such platform is iCE.X launched by HCL which is an intelligent, scalable and secure IoT device management platform for small cells, consumer premises equipment (CPE), gateways, sensors, and various IoT devices. It provides smooth connectivity, zero-touch secure onboarding of devices and support for multiple protocols to accelerate the adoption of IoT use-cases across industries. IoT provides an opportunity to telecom and media services providers to monetize the billions of connections and petabytes of data.
To cut down the cost of connectivity by almost 50 percent, Vodafone and Arm have collaborated to simplify the deployment of IoT. Using integrated SIM (iSIM) technology, they will provide the same connectivity that a SIM card provides but built straight onto the processor's silicon which will eventually reduce the costs as there will be no need for a physical connectivity card. Reports indicate that eight percent of enterprise customers are now reliant on IoT for their businesses. Hence Vodafone is focusing on IoTs scrapping the legacy technology, shifting to new digital processes from legacy tech results in a faster return on investment (ROI).
Vodafone is setting up private networks for areas such as oil rigs and mines where there is a lack of connectivity. 5G networks are coming to places that need a fast connection such as in factories can move from mixed technologies to a more unified 5G network, where workers are using deck phones and two wave radios. In the future, unified platforms will significantly reduce the costs and challenges of managing diverse IoT ecosystems.