Launch of the Enterprise IoT Network with a revenue target of £2m
Talk to Capacity At Conexa’s launch, Paul Bullock, Group Head of MVNO, said further growth is expected to exceed the industry’s compound annual growth rate.
“This network was designed for enterprises and those looking to deploy a global IoT deployment. Wireless Logic’s first year revenue target is £2 million with rapid growth thereafter ahead of industry CAGR.
Conexa is an enterprise mobile network purpose-built for the Internet of Things, with a single SIM card for global deployments. Wireless Logic said it is designed to provide secure, resilient and flexible connectivity to enterprises deploying IoT devices and applications around the world.
Bullock said: “Wireless Logic has seven major MNO providers that provide the backbone to Conexa as well as its own direct roaming footprint. If necessary, it can call on its 41 network partners to develop Conexa solutions. In each case, Conexa integrates with these carriers at the signaling level and uses both IMSI donation and eSIM profile donation. These methods provide the Conexa platform with the highest possible degree of end-to-end control and diagnostics. »
Conexa offers several connectivity solutions, network monitoring and security services for global, national and regional deployments. It provides single or multi-network options and business models suitable for both low and high data usage depending on the type of application.
Bullock continued: “As Conexa is now our core network, we will be able to offer network access for global and global deployments much more efficiently. A single global SIM card makes it possible to deploy and activate solutions anywhere in the world. It is much more portable and dynamically scalable.
Oliver Tucker, co-founder and CEO of Wireless Logic, said in a statement: “Mobile networks and the infrastructure around them were largely developed before the existence of the IoT, at a time when only the needs of people’s voice and data had to be satisfied. .
“The IoT has special requirements and for it to continue to grow, innovate and thrive, businesses need an easy way to deploy and manage their solutions. This requires specific IoT services on SIM, on the device and on the core network, which is why Conexa is built for the IoT and brings together the best 4G, 5G and LPWAN radio networks in the world,” continued Tucker.
Conexa aims to address the sourcing, manufacturing and logistics challenges faced by IoT companies by providing flexible and scalable implementation, integration and day-to-day operation.
On enterprise IoT deployments through mid-decade, Bullock added, “The IoT cellular connectivity market is expected to maintain its SIM CAGR at 13-18%. We expect large enterprise projects to accelerate as cellular IoT has become a major part of supply chain harmonization and project ROI continues to improve.