Several factors hinder profitability for connectivity providers in IoT. Firstly, the sheer diversity of connected devices necessitates complex infrastructure and management systems, driving up operational costs. Moreover, the low data consumption per device limits revenue potential. Intense competition in the IoT market further compresses profit margins, leading to pricing pressures. Additionally, substantial initial investments in network infrastructure and ongoing maintenance expenses add to the financial burden.
Security concerns also demand significant resources, increasing operational overheads. These combined challenges make achieving profitability a daunting task for connectivity providers in the rapidly evolving landscape of IoT.
Learn more by downloading the eBook “Finding Revenue in Zero-Profit IoT: Tips and Tools for Connectivity Providers” to learn:
- How to expand a geographically limited footprint
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- Why legacy, consumer-focused CMPs aren’t well positioned to accommodate IoT
- How owning a core network can create a reliable revenue stream in IoT