Carriers To Continue To Invest In the Internet Of Things

Service providers jumped into the Internet of Things (IoT) space in 2016 as a way to offer more strategic services and offset the declining demand for legacy connectivity and voice services. Carriers will continue to build out their IoT strategies into the next year as they look to grow this revenue stream.

2016 saw carriers such as AT&T and Verizon make aggressive telematics and smart city-related technology acquisitions. In 2017, industry analysts believe that more carriers will follow suit and make acquisitions that target the IoT space. At the same time, Verizon and AT&T are showing no signs of stopping their IoT technology buying sprees.