The platform has been designed to give customers the ability to directly control their M2M sim estate. The portal will also provide data analytics, application management and near real time billing statistics. Research is indicating that there will be 50 billion M2M devices connected by 2020. However, over 75% of revenues will be generated from management services rather than sim rental.
GridTEQ is establishing itself at the forefront of this emerging market. Karl McCaffrey, GridTEQ CEO, says, 'This is a great opportunity for the channel to explore new revenue streams within this fast growing area of data communications. This is not just about voice and data connectivity. This is using sim based devices to interrogate products and services and feedback information quickly and efficiently. We have seen how the sim card has revolutionised voice over 20 years or so, but using the sim card to communicate with your business products will prove vital in the future. Our relationship with Vodafone is key to our philosophy here at GridTEQ.'