IoT Business News: Digitalisation, Monetisation & Rapid Growth: The Emerging IoT Opportunity for MNOs

By Feraz Ahmed, CEO at Hayo

In this article, Feraz Ahmed, CEO of Hayo, explores the opportunities and challenges for Mobile Network Operators (MNOs) in leveraging IoT to drive digital transformation and revenue growth in emerging markets.

Emerging markets across the globe are seeing rapid growth in network infrastructure, mobile networks and technology such as AI and 5G. This growth presents Mobile Network Operators (MNOs) with a huge opportunity to expand their reach and build additional revenue streams through IoT. With the right approach, they can play a key role in transforming the digital landscape of key emerging markets, while monetising the opportunity.

One area that is home to many emerging markets is sub-Saharan Africa. Licensed cellular IoT connections in this region are set to almost double between 2023 and 2030, from 27 million to 51 million, according to the GSMA, with South Africa contributing over 50% of this total. The economic impact of mobile is expected to grow from $140 billion to $170 billion in sub-Saharan Africa at the same time. It’s a huge opportunity at a crucial time.

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