Global IoT Telecom Services Market Overview
The key driver impacting the IoT telecom services market is the rapidly growing access of smart connected devices. For instance, The Federation of American Scientists (FAS) estimations show that the global IoT is anticipated to grow by 37% from 2017 to $1,567B by 2025. The total number of active IoT devices is likely to grow from 9.9 billion in 2019 to 21.5 billion in 2025. As per the State of the Connected World 2020 Edition report by the world economic forum, billions of connected devices instantly translate the physical world into the digital realm by analyzing and capturing data about our surroundings in real-time. There are already more connected devices as compared to people across the globe, and it is predicted that by 2025, over 41.6 billion devices will be capturing data on how a person lives, works, moves through our cities, and maintain and operate the machines on which we depend. Moreover, rising technological advancement in the IoT telecom services industry with growing telco cloud adoption contributes to market growth.
The growing need for smart network bandwidth management and automation in communication operations is estimated to augment IoT telecom services demand in the forecast period. However, regulations for spectrum allocation may hamper the market in the long run. Also, monetization and billing issues between OTT players and telecom operators are negatively impacting the market. The current industry trends, such as the emergence of low-power, high-range NB-IOT technology empowering telecom operators and evolving next-generation wireless networks, are expected to provide market players with new market opportunities.
The IoT telecom services market is vast, with many local and global players. The IoT telecom services market is extensive, with many local and international players. The key leaders follow different strategies to advance their market position, such as extending product portfolio, amalgamation, contracts, product upgrades, and acquisitions, to enlarge their market share across the globe. The significant players studied in the report are AT&T Inc. (U.S.), Ericsson (Sweden), Verizon Communications Inc. (U.S.), Deutsche Telekom AG (Germany), Huawei Technologies Co. Ltd. (China), Sprint Corporation (U.S.) Others
In this research report, the IoT telecom services market is segmented by connectivity technology, network management solutions, service type, application, and region.
Analysis by Connectivity Technology:
By connectivity technology, the report is segmented into Cellular Technologies, LPWAN, NB-IoT, and RF-Based. Cellular technologies dominate the connectivity technology segment with a 25% share in 2020. It is due to its rising demand for extended network coverage. Moreover, the capacity to accommodate many connected devices and the growing adoption of smart technologies and distributed applications contribute to cellular technologies segment growth in the forecast period.
Analysis by Network Management Solution:
By network management solution, the report is segmented into network performance monitoring and optimization, network traffic management, and network security management. The network performance monitoring and optimization dominate the component segment with a 30% share in 2020. It is due to its growing demand as it enhances visibility into application performance, including end-user monitoring and advanced video analytics. Moreover, increased network complexity, converging technologies, and growing implementation of virtualization contribute to network performance monitoring and optimization demand in the forecast period.
Analysis by Services type:
By service, the report is segmented into business consulting services, device and application management services, installation and integration services, IoT billing and subscription management, and m2m billing management. The business consulting services dominate the service segment with a 20% share in 2020. It is due to its broad adoption of business consulting services as the Internet of Things (IoT) consultants help businesses understand IoT technology, provide a roadmap to optimize processes, minimizes company costs, and enhance products & services due to IoT technology. Moreover, the need for operational efficiency, compliance with company regulations, and tech advancements contribute to business consulting services segment growth in the forecast period.
Analysis by Application:
By applications, the report is categorized as capillary networks management, smart building, home automation, capillary networks management, industrial manufacturing and automation, transportation, vehicle telematics, logistics tracking, and energy and utilities, and traffic management. The vehicle telematics segment dominates the technology segment with a 22.5% share in 2020. It is due to the expanding telematics technology due to reducing sensor and connectivity costs. Moreover, the growing government mandate for deploying vehicle tracking in commercial vehicles drives demand for the vehicle telematics application segment in the forecast period.
Analysis by Region:
In the regional outlook of the global IoT telecom services market, the North America region dominates globally with a 30% market share during the forecast period. It is due to the early adopter of the technologies and the presence of prominent key players and well-established telecommunication infrastructure. Moreover, the rising adoption of smart connected devices and technologies and telcos promoting OTT applications contributes to its growth across North America.
Market Segmentation covered in the Report:
By Connectivity Technology
By Network Management Solution
By Service Type
By Application:
By Region
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . IOT TELECOM SERVICES – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Connectivity Technology
3.7.2 Market Attractiveness Analysis By Network Management Solution
3.7.3 Market Attractiveness Analysis By Service Type
3.7.4 Market Attractiveness Analysis By Application
3.7.5 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL IOT TELECOM SERVICES MARKET ANALYSIS BY CONNECTIVITY TECHNOLOGY
5.1 Overview by Connectivity Technology
5.2 Historical and Forecast Data
5.3 Analysis by Connectivity Technology
5.4 Cellular Technologies Historic and Forecast Sales by Regions
5.5 LPWAN Historic and Forecast Sales by Regions
5.6 NB-IoT Historic and Forecast Sales by Regions
5.7 RF-Based Historic and Forecast Sales by Regions
6 . GLOBAL IOT TELECOM SERVICES MARKET ANALYSIS BY NETWORK MANAGEMENT SOLUTION
6.1 Overview by Network Management Solution
6.2 Historical and Forecast Data
6.3 Analysis by Network Management Solution
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