In recent years, the Internet of Things (IoT) has evolved from a concept to a widely used solution in households and businesses. According to predictions, 25.4 billion IoT devices will be on the market by 2030, up from 10 billion in 2021. IoT devices can connect to more extensive networks, which gives them a wide range of possibilities. Some sectors utilizing IoT technologies are utilities, retail, and agriculture.
The telecoms sector, though, stands to gain the most because IoT is so dependent on telecommunications providers. New mobile IoT apps and services provide excellent development potential for mobile operators. IoT is expected to bring approximately $1.8 trillion in revenue for mobile network operators by 2026. This will be a significant boost because telecom billing software income has been increasing recently.
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