A Connectivity Marketplace is a hub where various stakeholders can purchase, manage and integrate connectivity for a diverse array of devices. It operates in symbiosis with 5G’s speed, low latency and expanded capacity, facilitating a proliferation of opportunities for businesses to capitalize on the Internet of Things (IoT) and other cutting-edge technologies.
With bold and progressive thinking, providing and monetizing network APIs could be a major growth catalyst for telcos. The revenue opportunity has been forecast at $20 billion by 2028, making this is an opportunity that cannot be ignored.
If CSPs are to capitalize on the overall edge opportunity, they must pivot from the “network-out” model of service delivery that has served them for the last 20+ years to a customer-focused, “value-in” model. New edge services are driven by a new monetization model.
Olivier Smith, Technology Lead from the Office of the CTO at MATRIXX, Geoff Coleman, Chief Product Officer at Gotransverse, and Natasha Sachdeva VP Solutions Engineering at Mirakl, discuss how telecommunications companies are evolving, what we can expect from 5G, and how marketplaces can become more sticky.
