2020 has been a big year for IoT adoption. The coronavirus pandemic has brought about new use cases in areas like social distancing and contact tracing, and has accelerated IoT adoption in healthcare and remote workforce solutions. Because connectivity powers the Internet of Things, this surge of adoption is contributing to the rapid growth of the IoT connectivity market.
Markets and Markets predicted the IoT connectivity market would grow at a compound annual growth rate (CAGR) of 18.7% between 2019 and 2024, reaching $8.9 billion. This market growth has resulted in a proliferation of choices in IoT connectivity management platforms, so it’s important that businesses know what key features to look for.
A robust IoT connectivity management platform should include real-time provisioning with a single click. This should enable provisioning to many SIM lifecycle states including prebilling, active, suspended, inactive, and terminated SIMs states.
The best IoT connectivity management platform should enable customizable dashboards that can be filtered, configured, and downloaded. Dashboards to look for are usage cycle-to-date, monthly total usage, overage violations, inventory status, top usage subscriptions, and more.
Usage monitoring is a critical part of any IoT connectivity management platform. This real-time monitoring should be enabled for both individual and pooled usage with rules-based actions like suspending, reactivatings, and changing subscription rate plans.
Businesses deploying IoT solutions need access to the real-time status of individual subscriptions, as well as a history of events with several reset options. This should allow users to complete tasks like de-registering a SIM or issuing device reset commands.
The ability to integrate the IoT connectivity management platform functionality directly into applications should not be overlooked. This includes both primary IoT applications and back-office systems.
Account hierarchies increase efficiency, and IoT connectivity management platforms should leverage that account management structure with multiple billing models and rate plan management. Supported configurations models should include cost center, wholesale, and agent models.
A key feature of any IoT connectivity management platform should be network traffic monitoring. This enables monitoring and security functionality for cost containment and fraud protection. A platform should offer live traffic views as well as monitoring of specific IP protocol types, ports, IMEI changes, and communication pattern anomalies.
The IoT connectivity management platform is an integral part of any successful deployment. The right platform should help businesses simplify their operations and accelerate their deployments with complete visibility in a single, unified platform.
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