IoT Telecom Services Market was valued at US$ 12.85 Bn. in 2021. Global IoT Telecom Services Market size is estimated to grow at a CAGR of 36.64 % over the forecast period.
IoT Telecom Services Market Overview:
The purpose of this report is to provide a thorough examination of the IoT Telecom Services Market by segments and geographics. The study goes into great detail on the primary factors influencing the IoT Telecom Services market's growth. The study also offers a comprehensive analysis of the market's value chain.
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Market Scope:
The "Global IoT Telecom Services Market Analysis" is a detailed investigation of the IoT Telecom Services market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the IoT Telecom Services market as well as detailed market segmentation by application, end-use, and geography. The IoT Telecom Services market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading IoT Telecom Services players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the IoT Telecom Services market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the IoT Telecom Services market was calculated using the revenue of significant enterprises.
Segmentation:
Based on Network Management Solution, the category for Network Security Management is currently dominating the market with a CAGR of 18.52%. They secure data and resources in a network using firewalls and other IoT-enabled security solutions for effective network management. A network administrator can control physical and virtual firewalls on a single network from a single location by using network security management.NB-IoT category is leading the market in terms of connectivity technology, with a CAGR of 26.82% expected during the forecast period. NB-IoT (Narrowband-IoT) is a narrowband radio technology for M2M and Internet of Things (IoT) devices and applications that require wireless communication over a longer range at a low cost and with little power consumption for long battery life.
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Key Players:
The major players covered in the IoT Telecom Services market report are
• AT&T, Inc.
• Ericsson
• Verizon Communications, Inc.
• Deutsche Telekom AG
• Huawei Technologies Co., Ltd.
• Sprint Corporation (U.S.)
• Entrust Datacard Corp.
• HARMAN International Industries, Inc.
• IBM Corp.
• Modius, Inc.
• Nippon Telegraph & Telephone Corp.
• Panorama Software
• SAP SE
• Singapore Telecommunications, Ltd.
• Softbank Group Corp.
• Telefonica SA
• T-Mobile USA, Inc.
• Vodafone Group PLC
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on IoT Telecom Services Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the IoT Telecom Services market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the IoT Telecom Services industry,
Key Questions Answered in the IoT Telecom Services Market Report are:
- Which segment grabbed the largest share in the IoT Telecom Services market?
- What was the competitive scenario of the IoT Telecom Services market in 2021?
- Which are the key factors responsible for the IoT Telecom Services market growth?
- Which region held the maximum share in the IoT Telecom Services market in 2021?
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According to a new market research report "IoT Telecom Services Market by Component, Connectivity Technology (Cellular, LPWAN, NB-IoT, and RF-Based), Network Management Solutions, Service (IoT Billing & Subscription and M2m Billing Management), and Application - Global Forecast to 2021", published by MarketsandMarkets™, the IoT telecom services market size estimated to grow from USD 2.90 Billion in 2016 to USD 17.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 43.6%.Browse 68 market data Tables and 58 Figures spread through 162 Pages and in-depth TOC on "IoT Telecom Services Market"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104459962The major forces driving this market are the growing need for enhanced connectivity solution to connect smart devices, critical need for smart network bandwidth management and automation in backend communication operations which is an essential pre-requisite for streamlining business processes, and the significant increase in adoption of BYOD among enterprises.
Telcos are promoting OTT applications that helps to boost the adoption of IoT telecom services.Transportation, connected logistics, and traffic management application is expected to grow at the highest CAGR in the IoT telecom services market during the forecast periodApplication of IoT with regards to connected logistics allows the clients and logistics providers to make quick adjustments, in case there is any delay in the shipment.
IoT services strengthen the supply chain management by offering them transparency so that they can take effective decisions in real-time.
Telcos offer connectivity solutions to IoT-enabled smart vehicles and trucks for location and tracking of assets, and real-time management of logistics services and control systems and smart devices to control and manage basic home functions automatically over the internet and network connectivity provided by telecom service providers.Machine to Machine (M2M) billing management services segment is expected to hold the largest market share in the IoT telecom services market and the current trend is expected to continue during the forecast periodM2M billing management services play a vital role in IoT telecom services, as they track the usage of services subscribed by users of M2M connected devices and manages the billing and rating of network-as-a service subscription offered by various telcos in the IoT space.
This empowers great revenue opportunity for telecom service providers, by providing a wide range of features including remote monitoring, ubiquitous connectivity, automatic exchange of data, real-time notification, and many others which helps in better management of M2M billing of its associated services.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=104459962North America is expected to contribute the largest market share; Asia-Pacific (APAC) to grow at the fastest rateNorth America is expected to hold the largest market share and would dominate the IoT telecom services market from 2016 to 2021, due to the presence of a large number of IoT telecom service providers offering tailored solutions to multiple application areas.
APAC offers potential growth opportunities for the IoT telecom services market to grow, as countries in the region are investing heavily in the development of IoT telecom services owing to major instances of rising adoption of smart devices and smart technologies.The major vendors in the IoT telecom services market include AT, Inc. (U.S.), Ericsson (Sweden), Verizon Communications, Inc. (U.S.), Deutsche Telekom AG (Germany), and Huawei Technologies Co., Ltd. (China), among others.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
