In 2015, there were more than 60 million cellular machine-to-machine (M2M) connections in North America alone, and by 2020, that number will reach 175 million, according to a new study from the GSMA. Forecasts vary on the global internet of things (IoT) market, but several put it at more than a trillion dollars in the next few years. Scalar Market Research estimates that the IoT market will be worth $1.47 trillion this year, and reach nearly $3 trillion by 2022. The global telcos sit in the middle of this – they interconnect all of these devices (along with everything else we use in modern communications today) by hosting “edge” locations in every city and town worldwide. Because of this, telcos are perfectly positioned to support the IoT market by bringing intelligence to the edge in the form of mobile edge computing (MEC).
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