Built on the 3GPP standard, NB-IoT is an LTE-Advanced technology. NB-IoT provides a pathway to 5G IoT and offers many comparable benefits like low power usage, long battery life and support for more connections per cell site.
The Working Group is tasked with developing industry standard benchmarks for both hardware and software platforms associated with the Internet of Things.
The follow-on investment is to help it prepare for the next stage of growth.
The report published by MarketsandMarkets said Africa was the leading region in the overall IoT in transportation market, followed by Asia-Pacific (APAC) and the Middle East.
The ‘Powerful Answers Award’ is positioned as a multi-million dollar challenge for entrepreneurs, companies and innovators worldwide to provide innovative solutions in three categories including IoT.
The venture capital fund, PVCII, of US $50 million is for early-stage investments in India, especially those in the Internet of Things (IoT) and mobile space.