ADTRAN Enables IoT Market to Scale for Network Operators
September 02 2020 - 8:00AM
Business Wire
Innovative IoT gateways will help service
providers grow IoT applications, services and revenue
ADTRAN®, Inc., (NASDAQ:ADTN), a leading provider of innovative
business and residential connectivity solutions, today announced at
its 2020 Virtual CONNECT Press & Analyst Event that it is
leveraging its expertise in carrier-grade broadband access network
reliability to address specific Internet of Things (IoT) scale
challenges. 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. IoT
technology is growing in adoption, primarily because it can address
a large variety of vertical applications, from smart cities, homes,
buildings and manufacturing to more intelligent monitoring in
agriculture, energy and healthcare. 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 (LPWANs). LoRaWAN® is standardized by
the LoRa Alliance® and provides a reliable, widely adopted radio
frequency technology and a growing ecosystem of diverse sensors and
smart devices.
“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.”
About ADTRAN ADTRAN, Inc. is a leading global provider of
open, disaggregated networking and communications solutions that
enable voice, data, video and internet communications across any
network infrastructure. From the cloud edge to the subscriber edge,
ADTRAN empowers communications service providers around the world
to manage and scale services that connect people, places and
things. ADTRAN solutions are currently in use by service providers,
private enterprises, government organizations and millions of
individual users worldwide. Find more at ADTRAN, LinkedIn and
Twitter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200902005166/en/
Ashley Schulte 919-435-9112 ashley.schulte@adtran.com
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