This market research study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the next four years. The increasing adoption of IoT products and services by several enterprises in countries such as the US to improve business efficiency and investments from the US government towards the development of smart cities will drive market growth in this region.
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Competitive landscape and key vendors
The market is characterized by the presence of well-diversified international and regional vendors. As the international vendors are increasing their footprint, regional vendors are finding it extremely difficult to compete with them in terms of features such as product quality, technology, and pricing. With technological advancements changing the preference of customers, vendors have the need to develop innovative wireless technology to cater to their clients’ requirements. The market is highly competitive and an increase in commercial deployments, technological innovations, and M&As will further intensify the level of competition among the market players.
The leading vendors in the market are -
The other prominent vendors in the market are Aeris, BT (EE), China Telecom, China Unicom, Huawei Technologies, KT, MTN, Orange Business Services, Rogers Communications, Singtel, SK Telecom, Sprint, Tele2, Telefónica, Telenor, TeliaSonera, and ZTE.
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Segmentation by application and analysis of the telecom IoT market
Supply chain monitoring
Customer monitoring involves real-time location-based advertising supported by sensor-based smartphones, which helps enterprises improve the effectiveness of their advertising campaign. Additionally, customer monitoring also helps the healthcare industry to improve their operational effectiveness by enabling healthcare providers to monitor patients’ health even from remote locations. Analysts predict that though the product monitoring segment currently accounts for the major shares, the market will be dominated by the customer monitoring segment by the end of the forecast period.
Segmentation by business area and analysis of the telecom IoT market
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