Press release
IoT Telecom Services Global Market Size is Expected to Grow to $62.44 Billion at a CAGR of 35.6% By 2027 | Key Players: Verizon, IBM, Modius Inc., Vodafone Group, Sprint Corporation
IoT Telecom Services Global Market
The Business Research Company's IoT Telecom Services Global Market Report 2023 identifies the increase in adoption of 5G networks across the world will propel the IoT telecom services market during the forecast period. 5G is the 5th generation mobile network for higher speed and responsiveness of wireless networks.
The global IoT telecom services market size will grow from $13.61 billion in 2022 to $18.46 billion in 2023 at a compound annual growth rate (CAGR) of 35.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global IoT telecom services is expected to grow to $62.44 billion in 2027 at a CAGR of 35.6%.
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Major players in the iot telecom services market are AT&T Intellectual Property, Verizon, Deutsche Telekom AG, Huawei Technologies Co, Aeris, China Mobile Limited, Entrust Datacard Corporation, HARMAN International, IBM, Modius Inc., Vodafone Group, Sprint Corporation, Swisscom AG, Singapore Telecommunication Limited, T-Mobile, Vodafone Group PLC, BT Group, CenturyLink, Nippon Telegraph & Telephone Corp, Panorama Software, SAP SE, Softbank Group Corp, Telefonica SA, Telstra, Sierra Wireless, PureSoftware, Sequans Communications, Orange, Telus and MediaTek.
Technological advancement is a key trend gaining popularity in the IoT telecom services market. Major market players are focusing on creating innovative technologies for strengthening their portfolios, such as integrated Internet of Things (IoT) solutions.
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The IoT Telecom Services market is segmented -
1) By Service Type: Business Consulting Services, Device And Application Management Services, Installation And Integration Services, IoT Billing And Subscription Management, M2M Billing Management
2) By Connectivity: Cellular Technologies, LPWAN, NB-IoT, Radio Frequency-Based
3) By Network Management Solution: Network Performance Monitoring And Optimization, Network Traffic Management, Network Security Management
4) By Application: Smart Building And Home Automation, Capillary Networks Management, Industrial Manufacturing And Automation, Energy And Utilities, Smart Healthcare, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT Telecom Services market.
The Business Research Company's "Global IoT Telecom Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The IoT Telecom Services Market Include:
1. Executive Summary
2. IoT Telecom Services Market Characteristics
3. IoT Telecom Services Market Trends And Strategies
4. IoT Telecom Services Market - Macro Economic Scenario
5. IoT Telecom Services Market Size And Growth
……
27. IoT Telecom Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Telecom Services Market
29. IoT Telecom Services Market Future Outlook and Potential Analysis
30. Appendix
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