Vodafone UK taps portfolio partner for IoT push

To develop the new pitch, the UK operator’s business division has teamed up with IoT.nxt, a South African company that is 51% owned by Vodacom, which is also part of the international Vodafone Group.

“The opportunity is in the billions, because the SMEs will grow CAGR of 12% over the next five years. I think the estimated opportunity in spend in total in the UK market is probably just shy of about £3 billion for IoT. The success of IoT.nxt will predict what share Vodafone can get all of that, but the opportunity in the market is huge – data is at the centre of everything, how you track and trace data, how you use it to run your business, that is a massive opportunity.”

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