AT&T builds enterprise IoT platform
While AT&T’s (T) IoT (Internet of Things) collaboration with luggage company TUMI is aimed at the consumer market, AT&T is also actively pursuing the billions of revenue dollars in the connected enterprise market.
Working in collaboration with Microsoft (MSFT), AT&T has built an IoT management platform for the enterprise market. The platform, called Operations Center, is based on Microsoft’s Azure cloud and is designed to simplify the way businesses track and monitor IoT assets. AT&T’s enterprise IoT platform will be available for customer testing beginning later this year.
AT&T eyeing bike-sharing market
In another enterprise IoT push, AT&T has partnered with bike-sharing platform Mobike to provide connectivity for its connected bikes. Mobike has mostly operated in China (MCHI) and Europe (EFA), but it is expanding its dockless bike-sharing service into the United States (SPY).
According to research company ReportsnReports, the connected enterprise market will be worth $400.9 billion by 2021, compared with $102.6 billion in 2016, as illustrated in the chart above. This prediction implies a massive revenue potential for enterprise connectivity providers such as AT&T.
Big data, cloud computing, and enterprise mobility are some growth catalysts for the enterprise IoT market. The overall IoT economy is forecast to grow to $1.3 trillion by 2020, according to IDC.
An escape from the slowing core wireless market
IoT is promising to provide a much-needed economic escape for AT&T and peers Verizon (VZ), T-Mobile (TMUS), and Sprint (S), which are struggling for growth in the core wireless market.