Verizon Business, the business-to-business arm of Verizon Communications Inc, has been recognized as a 2024 Gartner Peer Insights Customers’ Choice for Managed IoT Connectivity Services worldwide. This esteemed distinction reflects the positive ratings and feedback received from customers and end-users of IoT services. The recognition is a testament to Verizon Business’ commitment to delivering exceptional IoT solutions and efficient connectivity services.
Gartner Peer Insights is a platform that allows technology users to share their experiences and insights regarding various products and services. The Customer’s Choice designation is awarded to vendors who consistently meet or exceed both the market average Overall Experience and User Interest and Adoption.
Verizon Communications Inc, the parent company of Verizon Business, recently experienced a slight decline in its stock performance over the past five trading days, with a decrease of -1.83%. However, the company has laid a strong foundation for growth in the IoT space.
In its first quarter of 2024, Verizon Communications Inc reported a return on average invested assets (ROI) of 4.78%. While this falls below the company’s average ROI of 7.11%, which illustrates room for improvement, it is important to note that the Managed IoT Connectivity Services business of Verizon Business has emerged as a sector leader.
Verizon Business’ recognition as a Gartner Peer Insights Customers’ Choice highlights their commitment to delivering superior IoT connectivity services and customer satisfaction. The acknowledgment underscores Verizon Business’ ability to exceed market expectations and effectively engage customers and end-users in the rapidly evolving IoT landscape.
As the IoT market continues to grow, businesses require reliable and efficient connectivity services to leverage the full potential of connected devices and data. Verizon Business’ achievement demonstrates their position as a trusted partner for companies seeking cutting-edge IoT solutions that drive innovation and business growth.
Overall, Verizon Business’ recognition as a Gartner Peer Insights Customers’ Choice for Managed IoT Connectivity Services reinforces their industry-leading capabilities and commitment to customer-centric services. Their expertise in delivering comprehensive IoT solutions positions them as a key player in the global IoT connectivity market.
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