Traditional IoT deployments have often been limited by geographical constraints and network availability. However, rapid advancements in 5G new radio (NR) and low earth orbit (LEO) satellite technologies are helping providers break down these barriers. IoT satellites are enabling smart devices to operate in remote areas by providing consistent data transmission across vast distances. This is proving to be especially beneficial for verticals like agriculture, maritime, and environmental monitoring, where devices are often located far from terrestrial network infrastructure. Further, private 5G networks are facilitating secure, high-speed connectivity tailored to specific organizational needs. Together, these technologies are expanding the scope and capabilities of IoT, enabling innovative applications and driving growth in smart cities, industrial automation, autonomous mobility, and Industrial IoT (IIoT).
Frost & Sullivan’s recent IoT Think Tank delved into the realm of Growth Opportunities in the Global IoT and Edge Ecosystem: 5G and Non-Terrestrial Networks (NTNs). Here, the following growth experts collaborated to share their views on growth drivers, challenges, disruptive technologies, and emerging opportunities in the global IoT connectivity landscape: Renato Pasquini, Vice President and Global Program Leader, IoT and Edge at Frost & Sullivan; and Cecilia Pérez, Senior Analyst at Frost & Sullivan.
Gain valuable perspectives from these experts by clicking here to access the recorded session of this Think Tank.
- Capitalizing on Industry Convergence: The integration of satellite-based networks, 5G new radio networks, and terrestrial low-power wide area networks (LPWAN) is creating a new class of hybrid connectivity that offers extensive coverage in hard-to-reach locations, like the sea, air, or rural areas. This evolution is pushing communication infrastructure providers to pivot expansion strategies, ultimately aiding customers to accelerate their digital transformation initiatives – Which growth processes and business models will enable your organization to utilize NTNs, 5G, and satellite IoT to improve customer experience?
- Adapting to New Business Models in 5G and IoT NTN: The rise of LEO satellite constellations from companies like SpaceX, Inmarsat, and Globalstar is poised to supercharge conventional IoT projects and applications. This is pushing providers to foster collaborative initiatives that lower the cost of satellite connectivity through innovative business models like satellite-as-a-service, pay per use, and managed IoT services – Are you equipped to thwart implementation and interoperability challenges when switching to new-age connectivity technologies?
- Thwarting Challenges in the IoT Connectivity Ecosystem: While the potential of 5G IoT NTN is immense, there are also challenges to overcome. These include high deployment costs, efficient spectrum management, testing complexity, interoperability, and security. Consequently, satellite connectivity vendors, mobile network operators (MNOs), and LPWAN connectivity vendors feel the urgency to develop standardized protocols, reduce costs, and address security concerns – How will your teams identify, evaluate, and capitalize on emerging growth opportunities in 5G IoT and NTN connectivity?
- Tapping into Emerging Growth Opportunities: The key applications of IoT NTN include driving massive IoT deployments for both simple and complex connections, enhancing responsiveness in mission-critical applications, and revolutionizing smart agriculture. Additionally, integrated fleet management, improved communication in maritime and aviation applications, and high-security military and defense connectivity present promising growth avenues – Which applications and verticals should providers focus on while driving innovation in 5G and satellite-based IoT connectivity?
To read on about lucrative growth opportunities in IoT and Edge technologies, click here.
To know more about IoT satellite connectivity, click here.
“The advancement of LEO satellites, combined with rapid innovation in next generation 5G and IoT technologies is fueling the convergence of terrestrial and non-terrestrial networks. Companies should be ready to harness integrated satellite and IoT technologies to scale their business.” – Renato Pasquini, Vice President, Global Program Leader, and Growth Expert, IoT and Edge at Frost & Sullivan.
“The emergence of software defined networks and orchestration services is pushing providers to develop packaged solutions that include connectivity, IoT device management, and application enablement for different use cases. This is helping vendors build recurring revenue pipelines that focus on ‘pay per use’ pricing.” – Cecilia Pérez, Senior Analyst and Growth Expert, IoT, at Frost & Sullivan.
