LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent IoT market in the Nordic region report. This research report also lists 15 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The IoT market in the Nordic region is growing rapidly due to the high rate of acceptance of advanced technological solutions. Key vendors like TeliaSonera, Telenor, and Ericsson dominate the market. As the market has strong growth potential, the competition among the vendors will likely intensify further with the entry of new providers, innovations in technology, and increased partnerships. At present, no vendor in the market is capable of offering end-to-end industrial IoT solutions independently.
“Major vendors and new entrants are focusing on improving IoT services in different sectors due to the high adoption of POS terminals, ATMs, vending machines, and smart meters by government agencies, retailers, financial institutions, and enterprises,” says Rakesh Kumar Panda, a lead analyst at Technavio for M2M and connected devices research.
The report further adds that even online retailers have been using IoT technology for e-commerce product and price monitoring, pricing and re-pricing intelligence, and product intelligence in real time with the support of big data analytics to boost sales and add value to business and marketing strategies.
IoT solutions are used in industries such as healthcare, automotive, transportation, retail, manufacturing, and energy. Many MVNOs and MVNEs provide wireless M2M connectivity services and solutions. The market for IoT platforms is highly competitive because of the presence of small and large vendors.
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Top five IoT market vendors in the Nordic region
Ericsson was founded in 1876 and is headquartered in Stockholm, Sweden. The company provides telecommunications equipment and services to mobile and fixed network operators worldwide.
The company provides a new suite of software updates that accelerate the growth of IoT. Its software offering Network Software 16B enables cost reduction of devices, extends battery life, and provides better coverage. This software also allows IoT service prioritization to optimize network resources and creates diversity in terms of IoT use cases.
Tele2 was founded in 1993 and is headquartered in Stockholm, Sweden. The company provides Internet access, fixed broadband and telephony, data network and content services, and mobile telecommunications services to individuals and businesses around the world.
In April 2016, Tele2 announced that it had strengthened its presence in France in terms of IoT implementations. The company has been offering a single IoT interface capable of integrating solutions from companies, including Microsoft, Telit, and ThingWorx. Its M2M management platform offers unprecedented flexibility and control over the management of IoT devices to reach optimal business results.
The Telenor Group was founded in 1855 and is headquartered in Fornebu, Norway. The company provides telecommunications services to millions of people and businesses around the world with operations in Scandinavia, Asia, and Eastern Europe.
The company provides connected business solutions under the brand Telenor Connexion. It provides smart, cost-effective, and innovative solutions to clients, including Volvo, Scania, Hitachi, Securitas Direct, and Telcare.
TeliaSonera was founded in 1853 and is headquartered in Stockholm, Sweden. The company provides Internet access and telecommunications services to individuals and businesses around the world. It has the majority of its telecommunications operations in the Nordic region.
The company aims at providing reliable and robust mobile networks for IoT applications with wide indoor and outdoor coverage in both urban and rural areas. It provides IoT services across cross-vertical sectors to create value with a broad network of industry and operator partnerships.
Tieto was founded in 1999 and is headquartered in Helsinki, Finland. The company provides IT and product engineering services in the Nordic region. It has 13,000 experts in 20 countries.
The Tieto IoT Solution Center provides services through product development and lifecycle management. This center offers extensive embedded and wireless product development services based on a range of IoT-related technologies.
In 2014, Tieto collaborated with Cisco to develop new IoT services for several industries. In the same year, it partnered with Capricode to provide faster time-to-market and cyber secure IoT systems for the entire life cycle of devices.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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