Demand for decentralized connectivity solutions will propel DePIN to be the next $1 trillion company, measuring Amazon’s AWS in size.
Decentralized physical infrastructure network (DePIN) is a sector anticipated to produce the next $1 trillion company.
According to Carlos Lei Santos, co-founder and CEO of Uplink, the urgent need for increased wireless hardware connectivity could give rise to a new trillion-dollar behemoth. Exclusively to Cointelegraph, Lei stated:
“I truly believe that the next trillion-dollar company will be independent and most likely would be in wireless connectivity. It’s the part where the market is growing.”
According to the CEO of Uplink, this next trillion-dollar behemoth will be built upon decentralized connectivity infrastructure, the segment’s logical progression. Explained by Lei below.
Plunk is among the organizations utilizing its decentralized wireless network to increase connectivity between new and existing wireless infrastructure.
The next trillion-dollar giant will be the “AWS” of connectivity
The next $1 trillion DePIN firm will likely emerge as a decentralized “orchestrator,” connecting disparate infrastructures instead of a centralized organization.
Preferably, this orchestrator will resemble the present-day Amazon Web Services (AWS), the preeminent cloud computing platform globally. As stated by Lei:
“They’ll allow to orchestrate between different infrastructures regardless of who’s running this so it’s the same way Amazon did with AWS. This next one trillion dollar company is gonna be the AWS of connectivity.”
Intricately, it is estimated that as of 2022, more than 1.45 million organizations will be utilizing Amazon Web Services (AWS), the preeminent cloud provider worldwide.
Messari predicts the DePIN market will hit $3.5 trillion by 2028.
DePIN industry to reach $3.5 trillion by 2028: Messari
The DePIN market is anticipated to surpass $3.5 trillion by 2028, representing an increase of more than $1.3 trillion, according to a January 2023 report by Messari.
According to the CEO of Uplink, Messari’s “100%” growth forecast will materialize due to the increasing demand for decentralized connectivity solutions that can scale beyond the inefficiencies of existing interconnectivity solutions.
As explained by Lei of Uplink:
“So every single day there’s more devices with connectivity needs. There’s more demand on this and the reality is the way that connectivity infrastructure has been deployed so far is no longer sustainable.”
