The Internet of Things will offer a $1.8 trillion revenue opportunity for mobile operators by 2026, according to new figures from the GSMA.

The report, by analyst firm Machina Research, has predicted the connected home would be the most lucrative segment for operators, offering revenues of $441 billion per year.

This is followed by the consumer electronics market, which is predicted to hit $376 billion.

Connected cars are expected to be worth $273 billion, connected energy $128 billion and connected cities $78 billion.

Around $534 billion, or a third of total revenue, is expected to come from the Americas region.

The GSMA called on mobile operators to take advantage of these benefits by upgrading their cellular networks to support low-power wide area network technologies such as NB-IoT and LTE-M.

Alex Sinclair, Chief Technology Officer, GSMA, said: “There is a real sense of momentum behind mobile IoT networks in licensed spectrum, with multiple commercial launches around the world, as well as the availability of hundreds of different applications and solutions, but there is still much to be done.

“Many operators are already reaping the benefits of deploying mobile IoT and we encourage others to act now to capitalise on this clear market opportunity and further accelerate the development of the Internet of Things.”

Operators across Europe have been activating Internet of Things networks throughout 2017. Last week, Vodafone launched Ireland’s first NB-IoT network.

Turkcell also used the technology to launch new services in August.

More News

BT, Huawei go back to university with £25 million Cambridge partnership BT, Huawei go back to university with £25 million Cambridge partnership BT and Huawei are establishing a new research group at the UK’s University of Cambridge. More detail
Telia hopes for divine investment after serving Uzbek penance Telia hopes for divine investment after serving Uzbek penance Telia has said it is hopeful The Church of Sweden will once again become an investor after the operator fell foul of its asset management guidelines. More detail
Iliad reports Q3 revenue rise, keeps quiet about Italian launch Iliad reports Q3 revenue rise, keeps quiet about Italian launch France’s Iliad registered a rise in revenues in the three months to 30 September but kept the market guessing about an upcoming launch in Italy. More detail
Bouygues becomes latest operator to up profitability guidance Bouygues becomes latest operator to up profitability guidance Bouygues Telecom has upped its EBITDA margin target for the year as it registered revenue and profit growth in its latest financials. More detail
TalkTalk registers loss as it preps new mobile offer TalkTalk registers loss as it preps new mobile offer TalkTalk made a net loss in its latest financial results as it prepares to launch a new mobile proposition. More detail
    

@eurocomms