ALTON demands overhaul of telecom investment tracking - ITREALMS

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The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has called for an urgent collaboration between key federal agencies to overhaul how investments in the telecommunications sector are tracked and reported, warning that current metrics distort the industry’s true financial health, reports ITREALMS.

In a press statement obtained by ITREALMS, signed by ALTON Chairman, Engr. Gbenga Adebayo, and Publicity Secretary, Sir Damian Udeh, the telecom body proposed a tripartite engagement involving the Nigerian Communications Commission (NCC), the National Bureau of Statistics (NBS), and the Central Bank of Nigeria (CBN).

Tracking solutions: 12.5m devices used in 2022 - ITREALMS

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According to a new research report from the IoT analyst firm Berg Insight, the number of active consumer asset tracking devices in Europe and North America reached 12.5 million at the end of 2022. Growing at a CAGR of 18.4 percent the number of units in active use is estimated to reach 29.2 million units by the end of 2027. 

The market value is during the same period forecasted to grow from € 1.6 billion in 2022 to € 3.8 billion in 2027. Consumer asset tracking solutions utilizing wireless wide area networks such as cellular, satellite, LoRa or Sigfox can be divided into four main categories based on asset type – family and child tracking, pet tracking, vehicle tracking and general asset tracking. The vehicle category can be further divided into cars; motorcycles and mopeds; bicycles; caravans and motor caravans; leisure boats; and other consumer vehicles including ATVs and snowmobiles. The general asset tracking segment includes any type of asset, such as bags and luggage, keys, wallets, clothes, electronics, tools and sports equipment.