Network Grid as a Service Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Albany, NY -- (SBWIRE) -- 04/10/2019 -- The global industrial use of IoT sensors and devices boosts the efficiency and productivity across many industrial verticals, and is driving industrial revolution, or Industry 4.0. Through the connection of IoT-enabled intelligent sensors and other devices, along with the monitoring, tracking, sophisticated back-end data analytics technologies, it is possible to drive user applications and create a new revenue stream though additional business model. There is likely to be an increased inter-communications and flow of data through machine to machine (M2M) communication between enterprise assets such as equipment, vehicles, physical infrastructure, or smart grids, and enterprise operations. This is expected to enable developments of new vertical applications portfolio and enhanced data based decision processes.
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Deployment of IoT network grids, which provide connectivity services across multiple geographical locations, under one platform, enable service providers and enterprises to handle different technologies and services through a unified command center. IoT connectivity as a managed service helps enterprises having multiple connected deployments under multinational locations on land, air, and sea. Managed IoT network services reduce complexity for enterprises, providing a single unified interface across multiple technology providers. A global IoT connectivity network grid would include operations management, security, provisioning, and other services from operations command centers to end-user industries. Management of configurations, devices, subscription, and analytics of IoT device sensors would be unified through collaboration across geographical borders and different networks.
The managed service helps Communication Service Providers (CSPs) and enterprise customers to reduce their time, reduce total cost of operations (TCO), and further grow their offerings. Through pre-integrated IoT infrastructure, IoT network grid as a service allows enterprises to readily adapt their IoT applications to leverage the worldwide IoT infrastructure and deploy vertical IoT solutions quickly.
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Further, the service also enables regulatory compliance and can integrate with existing infrastructure of communication service providers, providing a unified management of expandable infrastructure. The reduction of business and technology complexity allows enterprises to rapidly develop new solutions catering to different markets.
Telecommunications technology such as 5G communication is expected to drive the network grid as a service market in the near future. 5G technology is likely to enable a greater density of IoT devices, and facilitate secure machine to machine communications between the sensors and devices, providing more capabilities such as high reliance and low latency real time transmissions. Provision of dynamic connectivity through mobile cellular technologies such as 2G, 3G, 4G, low power, wide area networks, as well as satellite communications for a connected IoT network grid, is likely to allow for the tailoring of connectivity requirements through intelligent switching as per each application and enterprise.