IoT Telecom Services Market Worth to Reach USD 53747.7 million By 2027

Posted On September 13, 2021     

The Global IoT Telecom Services Market report evaluates the market revenue to reach USD 53747.7 million mark in 2027. The CAGR is expected to be close to 20% from 2021 till the end of 2027 according to the newly published report by Value Market Research. Because of technological improvement and expanding innovation, the demand for improved connectivity has climbed dramatically over time. This is likely to drive IoT usage in the telecom sector, consequently encouraging market growth. Furthermore, as the amount of data linked with telecommunications grows, the demand for technology that can help with data management will increase. The emergence of new technologies such as NB-IoT and RF is generating significant potential in smart cities and smart home applications and are driving the demand for loT telecom services thereby, promoting the market's growth. However, one of the prime concerns that may harm market growth is the risk associated with data privacy.

The Internet of Things (IoT) is employed in the telecom industry to improve the performance of network services by combining IT tools. Traditional IT has shown to be an efficient instrument for managing telecom services. It is paving the way in the shifting telecom landscape worldwide as one of the most effective techniques for lowering network equipment operating costs. In recent years, the technologies used in loT telecom services have evolved significantly, from traditional cellular technology to advanced narrowband-IoT (NB-IoT) connectivity. IoT is utilized for various purposes in the telecom industry, including product monitoring, facility monitoring, and supply chain monitoring. Furthermore, most telecom businesses use IoT technologies in multiple ways that involve smartphones, tablet computers, and other digital gadgets. Additionally, digital sensors are being employed to record equipment performance, hence boosting equipment and process monitoring capabilities.

The market dynamics covered in the report "Global IoT Telecom Services Market Report By Connectivity Technology (Cellular Technologies, LPWAN, NB-IoT, RF-Based), By Network Management Solution (Network Performance Monitoring And Optimization, Network Traffic Management, Network Security Management), By Service Type (Business Consulting Services, Device And Application Management Services, Installation And Integration Services, IoT Billing And Subscription Management, M2M Billing Management) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" gives a holistic scope of the market along with the market forecasts.

On the basis of connectivity technology the market is segmented into Cellular Technologies, LPWAN, NB-IoT, RF-Based. By network management solution the telecom services market is categorised as Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management. By service type the telecom services market is categorised as Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, M2M Billing Management. Based on application the telecom services market is segmented as Smart Building and Home Automation, Capillary Networks Management, Industrial Manufacturing and Automation, Vehicle Telematics, Transportation, Logistics Tracking, and Traffic Management, Energy and Utilities.Geographically the research study provides data on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions. Each region is segregated into North America (North America, United State and Rest of North America), Europe (United Kingdom, France, Germany, and Rest of Europe), Asia Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America) and Middle East & Africa. This section provides the estimates of market by segment. This section provides the estimates of market by segment thus, providing valuable data to take strategic decisions.

The Report Segments Global IoT Telecom Services Market -
By Connectivity Technology

  • Cellular Technologies
  • NB-IoT
  • RF-Based

By Network Management Solution

  • Network Performance Monitoring and Optimization
  • Network Traffic Management
  • Network Security Management

By Service Type

  • Business Consulting Services
  • Device and Application Management Services
  • Installation and Integration Services
  • IoT Billing and Subscription Management
  • M2M Billing Management

By Application

  • Smart Building and Home Automation
  • Capillary Networks Management
  • Industrial Manufacturing and Automation
  • Vehicle Telematics
  • Transportation, Logistics Tracking, and Traffic Management
  • Energy and Utilities

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Players Profiled In the Report:
BT Group PLC, Aeris Communications, Inc., AT&T, Inc., Centurylink, Inc., Deutsche Telekom AG, IBM Corp, and Huawei Technologies Co., Ltd.

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