Any companies in the segment who aren’t yet ready to take the next step and invest in optimized IoT solutions should remember what is at stake. As governments and individuals increasingly realize that switching to EVs is a cost-effective and reliable way to address the worsening climate crisis, the need for EV charging solutions around the world will continue to grow. This presents players in the area with an immense opportunity to expand their businesses and increase revenues significantly in the near future.

However, this is contingent on the technology these companies use. If it fails to provide them with the necessary security, service quality, and customer support, they will remain unable to capitalize on the highly profitable opportunities that current conditions will generate. On the other hand, should they partner with an advanced IoT solution partner, they will reap the benefits for many years to come.