Vodafone and Inmarsat Enter into a Deal to Boost Internet of Things Connectivity

United Kingdom: Vodafone and Inmarsat agreed upon a business pact to support internet connectivity to the different remote parts of the world, which support satellite communication only. Further, the deal focuses on the rapid development of the various end user segments such as transport, agriculture and energy by the provision of connectivity. In addition, it is happening for the first time that Inmarsat, a provider of the mobile phone network has signed up for the provision of the global satellite broadband network.

The partnership encourages a low-cost, reliable network, driverless car, smart farms, smart cities, IoT and M2M uses. Moreover, with the rising need for high speed bandwidth, 4G rollout, along with efforts pertaining to the launch of 5G services is driving the overall communications and connectivity among the different entities. By adding the satellite communication from Inmarsat to Vodafone’s portfolio will aid in the acceleration of delivering strategies and plans pertaining to the IoT services.

TechSci Research depicts that with the growing number of connected devices, the proliferation of the various internet enabled devices, rising need to enhance communication has led to the growth of the overall IoT services market. Through this partnership, Vodafone would enable to strengthen their market presence in IoT services market globally. 

According to the recent report published by TechSci Research, “Global Internet of Things (IoT) Services Market By Type (Professional and Managed Services), By Application (Manufacturing, Healthcare, Smart Homes and Buildings, Smart Cities, etc.), By Region, Competition Forecast and Opportunities, 2011 – 2021” global IoT services market is projected to exhibit a CAGR of over 24% during 2016-2021, owing to rising internet and smartphone penetration, growing Industrial IoT (IIoT) adoption, coupled with increasing number of smart city projects across various countries. Managed services dominated global IoT services market in 2015 and the trend is anticipated to continue during the forecast period as well, owing to increasing number of government initiatives towards digitization and increasing IT spending on security services. Although, high demand for IoT services across the globe is emanating from healthcare, smart homes & buildings, smart cities, etc., manufacturing segment dominated global IoT services market in 2015, on account of rising need to reduce costs and increasing demand for data analytics.