Nokia has warned that a lack of IOT and interoperability standards will hold back the IOT market.

The company said standards in cellular based wide area IOT connectivity and interoperatbility in applications enablement, analytics, security, location mapping and smart sensors.

It called on operators, research organisations, communications vendors and other key industry players to collaborate and ignite the development of comprehensive standards for the IoT.

The move from IoT silo solutions to system-of-systems interoperability based on common standards and open interfaces will be as crucial, just as it was to trigger the worldwide success of mobile broadband, it said.

A statement from the firm said: "Nokia Networks said it wants the industry to explore business models, identify technology requirements and recommend a framework for standards for the end-to-end deployment of IoT in areas including connected mobility, smart city or public safety."

It said that standards are needed to design open interfaces that help stakeholders benefit from the full business potential of the IoT opportunity.

Brian Partridge, VP at 451 Research Mobility team, said: "Breaking the cycle of building proprietary IoT application silos in market after market will require more adoption of common standards and frameworks with open interfaces to achieve seamless interoperability."