Internet of Things (IoT) Telecom Services Market Is Expected To Reach USD 90870 Million By 2028

Market Overview:
Global Internet of Things (IoT) Telecom Services Market was valued at USD 8560 million in 2021 and is expected to reach USD 90870 million by the year 2028, at a CAGR of 40.14%.

Telecom companies offer their commercial clients a suite of services known collectively as Internet of Things (IoT) telecom services to facilitate the smooth incorporation of smart connectivity technologies into existing networks and operational procedures. Some of the services provided by this platform include enhanced data security and privacy, interoperability, asset management, and real-time analytics. Telecom companies are increasingly relying on the Internet of Things to offer their business customers critical machine-centric connectivity.

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Driver:
The proliferation of mobile networks and smart devices is fuelling the expansion of the global market. There are a number of companies around the globe working on the infrastructure for smart buildings. Increasingly, people are opting to connect their buildings' systems using IoT technology in an effort to boost productivity, comfort, and safety. Improvements in wireless technology have also been a driving force for the market. The adoption of IoT telecom services is bolstered by the proliferation of network solutions such as Wi-Fi, Bluetooth, NFC, WAN, etc.

Opportunity:
With the advent of 5G network development in numerous countries, the global market is set to experience enormous growth in the coming future. Thanks to widespread availability of high-speed internet, IoT telecom devices will feel right at home in any setting. Future technology adoption is predicted to rise as improvements are made to the connectivity between individual devices, as well as between machines and users. Market trends for IoT telecom services indicate rapid growth in the coming years as demand for smart buildings (including smart doors, security, elevators, air conditioners, and loos, etc.) rises across the globe.

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Market Segmentation
By component, IoT Telecom Services market is segmented into connectivity technology, network management solution, and services. By connectivity technology, IoT Telecom Services market is segmented into cellular technologies, Low-power Wide Area Network (LPWAN), narrowband-IoT (NB-IoT), radio frequency-based, others.

By services type, IoT Telecom Services market is segmented into Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, and M2M Billing Services.

By application, the market is bifurcated into smart buildings, capillary network management, industrial automation, vehicle telematics, transportation and traffic management, energy and utilities, smart healthcare, and others.

By Type
• Connectivity Technology
• Network Management Solution
• Services

By Technology
• Cellular Technologies
• Low-Power Wide Area Network (LPWAN)
• Narrowband-IOT (NB-IOT)
• Radio Frequency-Based
• Others

By Application
• Smart Buildings
• Capillary Network Management
• Industrial Automation
• Vehicle Telematics
• Transportation and Traffic Management
• Energy and Utilities
• Smart Healthcare
• Others

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Regional Insights:
IoT Telecom Services market is growing rapidly in the Asia-Pacific region. APAC region is accounted for the largest market share across the globe with a CAGR of 46.13%. Due to the growing e-learning industry in developing countries like Japan, India, and China. Also, the IoT Telecom Services price in India is feasible and affordable with easy access directly increasing the market.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Major Key Players Considered in the Market
• AT&T
• Verizon Communications
• Ericsson
• Huawei Technologies Co.
• Sprint Corporation
• Deutsche Telekom AG
• Vodafone
• Aeris
• T-Mobile and other major players.

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Table of content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Technology
 3.3 By Application
Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing
Chapter 5: Internet of Things (IoT) Telecom Services Market by Type
 5.1 Internet of Things (IoT) Telecom Services Market Overview Snapshot and Growth Engine
 5.2 Internet of Things (IoT) Telecom Services Market Overview
 5.3 Connectivity Technology
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Connectivity Technology: Grographic Segmentation
 5.4 Network Management Solution
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Network Management Solution: Grographic Segmentation
 5.5 Services
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Services: Grographic Segmentation
Continue…

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