IoT Benefits and Growth Opportunities for the Telecom Industry

This critical and forward-looking book features:

• An assessment of the impact of Internet of Things (IoT) on the telecom industry’s revenue streams
• IoT-based business models in the telecom industry
• A  PESTLE (political, economic, socio-cultural, technological, legal, and  environmental) analysis of the industry in relation to IoT
• Key technological drivers. 

It  also features a case study of Bell Canada Enterprises (BCE) Inc., which  highlights IoT-based business models in the industry. The study reveals  that telecom operators have started implementing IoT projects, however,  true revenue streams are yet to materialize. Ten IoT-based business  models have been identified at BCE Inc. The book points out that  operators do leverage existing infrastructure in terms of broadband  fiber and mobile connectivity in part and resort to partnerships and  acquisitions to acquire much-needed knowledge, technology, and smart  devices. Concerning the effect of IoT on the telecoms’ revenue streams,  it was revealed that new entrants, who are not necessarily in the  telecom industry, have impacted the old players’ revenue streams. OTT  services like YouTube, WhatsApp, IPTV, Netflix, are the biggest  culprits. Seven key technological drivers for IoT have been identified  and include widespread wireless connectivity, the availability and  affordability of microcontrollers, sensors and actuators, the decreasing  cost of bandwidth, the recent implementation of IPv6, and the ongoing  development of 5G network, as well as the use of cloud computing and  analytics. 

Finally, the PESTLE analysis of the  industry shows that the lack of a comprehensive political and regulatory  framework still slows down IoT deployment. Interoperability, security,  and privacy concerns are other constraints. Conversely, general economic  conditions in most developed and developing economies are favorable to  the advancement of IoT technology. Governments are willing to subsidize  R&D and have partnered with the private sector to speed up the  roll-out process.