IoT Telecom Services Industry Outlook 2025-2029: Market Set to Cross $108.77 Billion Milestone

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How Large Will the IoT Telecom Services Market Size By 2025?
In recent years, the IoT telecom services market has witnessed a significant expansion. Its size is forecasted to rise from $25.33 billion in 2024 to $34.52 billion in 2025, displaying a compound annual growth rate (CAGR) of 36.3%. The surge experienced in the past is due to several factors including the widespread use of connected devices, the requirement for real-time data analytics, the advent of 4g/ITE networks, an increase in the adoption of smart city initiatives, and growth in industrial IoT applications.

How Big Is the IoT Telecom Services Market Size Expected to Grow by 2029?
In the upcoming years, the market size for IoT telecom services is projected to experience massive growth, eventually reaching a value of $108.77 billion in 2029 with a compound annual growth rate (CAGR) of 33.2%. Factors contributing to this growth in the prediction period encompass the roll-out of 5g networks, enhancement of edge computing, increasing requisition for high bandwidth and low latency, continuous expansion of IoT across various sectors, and the requirement for cost-friendly and efficient telecom services. Notable trends for the forecast period involve the amalgamation of AI and machine learning into IoT telecom services, the union of IoT and blockchain technologies, focus on the security measures and standards of IoT, creation of industry-specific IoT telecom services, and the fusion of IoT with augmented reality (AR) and virtual reality (VR).

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Which Key Market Drivers Powering IoT Telecom Services Market Expansion and Growth?
Global adoption of 5G networks, the fifth-generation mobile network known for its superior speed and agility of wireless systems, is set to boost the IoT telecom services market throughout the forecasted timeline. The boost in 5G network speed, bandwidth, and reduced latency allows for effective communication between connected devices. This enables telecom companies to adopt quicker and improved methods of asset management and distant system tracking. A 2022 research by Verizon, an American telecom company, and Incisiv, a company specializing in US consumer industry insights, reveals that the current 5G adoption rate is approximately 13%, a figure that is predicted to triple by 2024. Hence, the uptake of 5G networks is a significant influencer for the expansion of the IoT telecom services market.

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Which Fast-Growing Trends Are Poised to Disrupt the IoT Telecom Services Market?
The IoT telecom services sector is increasingly being influenced by technological advancements, a trend that major market players are capitalizing on. These players are investing in the development of unique technologies to broaden their offerings, particularly in integrated Internet of Things solutions. For example, Tele2 AB, a telecommunication services provider based in Sweden, introduced its VoLTE (voice over LTE) service specifically for IoT consumers in March 2024. The service improves voice clarity, boosts data speeds, and prolongs battery life for IoT devices, enabling better performance on global 4G networks. This development takes on added importance as it allows IoT users to migrate from obsolete 2G/3G networks to advanced, sustainable technology. This not only aids mission-critical applications like healT*HCare but also promotes the efficient use of energy in devices.

What Are the Emerging Segments in the IoT Telecom Services Market?
The IoT telecom services market covered in this report 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

Subsegments:
1) By Business Consulting Services: Strategy Development, market Analysis, Technology Assessment
2) By Device And Application Management Services: Device Provisioning, Application Monitoring, Performance Management
3) By Installation And Integration Services: On-Site Installation, System Integration, Configuration Services
4) By IoT Billing And Subscription Management: Billing System Setup, Subscription Lifecycle Management, Revenue Assurance
5) By M2M Billing Management: Usage-Based Billing, Multi-Account Billing, Reporting And Analytics

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Who Are the Global Leaders in the IoT Telecom Services Market?
Major companies operating in the IoT telecom services market include AT&T Intellectual Property, Verizon Communications Inc., Deutsche Telekom AG, Huawei Technologies Co. Ltd., Aeris Communications, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, PTC Inc., Spectrum Enterprise, Samsara Networks Inc., Sierra Wireless Inc., GE Digital LLC, Telit Communications plc, Bosch IoT Sensor Company, SAP SE, Andersen Inc., ScienceSoft USA Corporation, Vention Inc., Altoros Americas LLC, Oxagile LLC, SumatoSoft LLC, Innowise Group LLC, Style Lab IoT Software Company, HQ Software Industrial IoT Company, ARM IoT Security Company, Siemens IoT Analytics Company

Which are the Top Profitable Regional Markets for the IoT Telecom Services Industry?
North America was the largest region in the IoT telecom services market in 2024.The regions covered in the IoT telecom services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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