Security News > 2020 > September > ADTRAN helps service providers grow IoT applications, services and revenue

ADTRAN will offer cost-effective solutions that enable service providers, cloud providers and IoT sensor providers to better support the millions of IoT sensors connecting to the access network, diversify their customer base and generate new revenue opportunities.

According to the Mordor Intelligence IoT Market Forecast, the global IoT market is expected to reach a value of $1.2561 trillion by 2025 at a CAGR of 10.53% during the period of 2020-2025.

By expanding into the IoT market, ADTRAN is better supporting its current customers' existing IoT initiatives, as well as offering new pathways for these service providers to expand their portfolio of service offerings and IoT applications.

ADTRAN's first portfolio of IoT solutions will feature indoor and outdoor gateways with support for LoRaWAN® specifications for Low Power Wide Area Networks.

"ADTRAN has a proven history and expertise in providing broadband access to millions of business and residential customers, and we've participated in the IoT market through our Wi-Fi access points and home Wi-Fi management solutions," said Keith Atwell, Head of Global Business Development at ADTRAN. "Now, we're sharpening our focus on developing specific technology to help service providers better manage the massive IoT deployments that have already begun to strain the network and spin up new opportunities to win new customers."

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