IoT Telecom Services Market Key Highlights:
- Market Size (2024): USD 16.92 Billion
- Projected Market Size (2034): USD 73.38 Billion
- CAGR (2023-2034): 15.8%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT Telecom Services Market Definition
The IoT telecom services market deals in providing internet-based services across the globe. The main services provided by this industry include business consulting services, installation and integration services, devices and application management solutions, IoT billing and subscription management, and M2M billing management. Several modes of connectivity used by this industry, generally including cellular technology, LPWAN, NB-IoT, and RF-based.
The rising security concerns in the telecom sector and the increased adoption of network management solutions have boosted the market growth. Also, the growing demand for these services from the smart healthcare sector and the increased use of these services in the energy and utilities industry, are significantly driving the market growth. Moreover, the growing application of IoT telecom services in several sectors, such as smart buildings, automation, capillary network management, vehicle telematics, and others, is expected to propel the growth of the IoT telecom services market.
The advancements in 5G technologies, along with the increased adoption of IoT connectivity solutions in the residential sector, are expected to create ample opportunities for the market players in the future. In October 2022, Airtel launched “Always On”. “Always On” is an IoT-based solution comprising a dual profile M2M eSim that allows an IOT device to stay connected with another mobile network from a different telecom provider.
IoT Telecom Services Market Segmentation:
By Type
- Cellular
- LPWAN
- NB-IoT
- RF-Based
By Application
- Industrial Production, Automation
- Vehicle On-Board Information System
- Transportation, Logistics Tracking, And Traffic Management
- Energy, Utilities
- Intelligent Medical Care
- Other
IoT Telecom Services Market Companies:
- AT&T
- DEUTSCHE TELEKOM
- HUAWEI TECHNOLOGIES
- ERICSSON
- VERIZON COMMUNICATIONS
- AERIS
- CHINA MOBILE
- VODAFONE GROUP
- T-MOBILE USA
- SPRINT
- SWISSCOM.
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