It also reflects the new development phase which the ICT sector has now entered, one in which public and private stakeholders in the ICT sector are laying the foundations for smart societies. The impact of the ICT sector on economic and societal development continues to expand as companies from adjacent sectors and industries (including the automotive, healthcare, insurance, banking and public sectors) develop products and services that rely on loT infrastructure - leaving virtually no areas of our economies and societies untouched. Industry analysts estimate that loT revenues will generate USD 1.1 trillion in revenues globally by 2025, compared to USD 166 billion in 2016 (GSMA, 2018d). This revenue opportunity is expected to be fuelled over the next three years by investments of around USD 15 billion in IT consulting and systems integration services to build and implement loT solutions (IDC, 2018).