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IoT Connectivity Markets set to reach $8.9B by 2024
PUBLISHED ON MEDIUM According to recent market research by MarketsandMarkets, IoT Connectivity Markets are set to reach more than $8.9B by the year 2024. Currently valued at an estimated $3.8B in 2019, the company has forecasted an 18.7% compound rate of annual growth (CAGR) with major factors set to increase the demand for connected devices over time. North American markets will take the reins, accounting for a majority of growth through 2024. North America is said to account for the largest market size during the forecasted period of growth. This comes, as the United States continues to be the leader in innovation and digital transformation, placing a high priority on…
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Bell Labs Study Delivers Connectivity and Support Intel for Service Providers
PREVIOUSLY PUBLISHED TO TMCNET’S NEXTGEN VOICE Faced with issues in connectivity, families are competing for signal strength in powering their personal and shared devices through Wi-Fi signals. Bell Labs (News – Alert) recently released a study, informing consumers that simplifying digital home networks will lead to easier connectivity and reduce the need for technical assistance or home service repairs. Now, all fingers are pointing to the service provider, who currently holds all the cards to innovation. In fact, skyrocketing service costs and rising monthly service fees are directly associated with complexity on consumer gateways. Instead, Bell Labs proposes that service providers can reduce operating costs by simply creating virtual gateways within…