The long and winding road to IoT success: lessons from GE and Samsung
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2018 was a year of change in the IoT platform space with new market entrants, M&A and pragmatic – if unorthodox – partnerships formed. GSMA Intelligence forecasts global IoT revenue to reach $1.1 trillion by 2025, primarily driven by the applications, platforms and services segment. This is, however, a highly competitive part of the value chain. In December 2018, announcements from GE and Samsung took the industry by surprise. GE spun off its IoT software platform (Predix) as a standalone company. Samsung closed its ARTIK platform after four years of operation. The moves reflect a previously overlooked challenge: scale alone is not a precursor to success. IoT is as much about customer education as it is technology. Companies across the spectrum of vendors are intensifying their customer development efforts.
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Representing 285 networks and almost 80% of mobile subscribers worldwide, 73 operator groups are now committed to GSMA Open Gateway. This latest research provides an update on the state of the market, recent developments, and examples of GSMA Open Gateway in action. It also offers a deep dive on supply/demand gap analysis.
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