Collaboration combines Nokias IMPACT IoT Platform with Optus services expertise and market reach
Australia’s IoT market estimated to grow to USD 25 billion by 2024
Optus has selected Nokias IMPACT Internet of Things (IoT) platform to provide device management and data collection capabilities to their customers. Both companies have agreed on a joint go-to-market strategy to bring IoT solutions to Optus customers across multiple industry segments in Australia.
Nokias industry leading IoT Device Management Platform (DMP) will enable Optus to provide its customers with simple access to Narrow Band-IoT device data, from low power devices, and remote device management at scale. This can be done regardless of device type. Nokia and Optus will work together to help create smart cities and support enterprise customers across industries, including mining, utilities and transportation.
Anticipated industry applications include cost effective waste management, supply chain optimization, logistics management and scene analytics for improved safety and security.
Australia’s IoT market is estimated to grow to USD 25 billion by 20241, up from USD 7.9 billion in 2018, indicating the potential opportunity for Optus and Nokia.
The alliance builds on Nokias longstanding relationship with Optus. Nokia is working collaboratively with the operator to manage and maintain its network infrastructure. The two companies launched Australias first 5G commercial services in early 2019, making Optus the first operator globally to deploy Nokias FastMile 5G indoor gateway in a live network. Nokia and Optus also successfully launched a 5G Fixed Wireless Access service using the 5G New Radio standard.
Deon Liebenberg, Vice President of Product Innovation, Optus Business, said: Our strategic alliance with Nokia will standardize and streamline IoT devices under one platform and unlock powerful productivity capabilities to fuel Australias digital transformation and its smart cities and smart spaces of the future. By collaborating with global technology leaders like Nokia, were able to offer Optus customers more value and choice on how they manage their devices and networks. The combined power of Optus premium IoT network with Nokias state-of-the-art IoT platform, will deliver customers the flexibility to consume this innovative, carrier-agnostic solution as software as a service, platform as a service, or connectivity as a service.
Anna Wills, Head of Oceania at Nokia, said: By working with Optus, Nokia can bring to bear its pan-industry experience across these asset-intensive industries. We will enable Optus to expand its offering in these markets, helping its customers to leverage the efficiency and productivity potential of IoT. We believe this agreement with Optus will help more companies build greater resilience into their operations.