IoT Telecom Services Industry Outlook 2025-2029: Market Set to Cross $106.67 Billion Milestone

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the IoT Telecom Services Market Size By 2025?
The market size of iot telecom services has seen massive expansion in the past few years. The market, predicted to rise from $25.33 billion in 2024 to $34.3 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 35.4%. Factors such as the surge in connected devices, the need for real-time data analytics, the appearance of 4g/ITE networks, a heightened adoption of the smart cities initiatives, and the increase in industrial IoT applications are driving growth during this historical period.

How Big Is the IoT Telecom Services Market Size Expected to Grow by 2029?
The market size of iot telecom services is anticipated to witness a meteoric rise in the coming years, reaching a whopping $106.67 billion in 2029 with a compound annual growth rate (CAGR) of 32.8%. This anticipated shift can be ascribed to factors such as the implementation of 5g networks, broadening of edge computing functionalities, escalating requirements for low latency and high bandwidth, ongoing extension of IoT across diverse sectors, and the necessity for cost-effective and efficient telecom services. Notable trends expected during the forecast period are the integration of artificial intelligence and machine learning with IoT telecom services, merging of IoT and blockchain technologies, emphasis on IoT security protocols and standards, creation of industry-specific IoT telecoms services, and the fusion of IoT with augmented reality (AR) and virtual reality (VR).

View the full report here:
https://www.thebusinessresearchcompany.com/report/iot-telecom-services-global-market-report

Which Key Market Drivers Powering IoT Telecom Services Market Expansion and Growth?
The IoT telecom services market is expected to surge as the adoption of 5G networks broadens across the globe throughout the forecast duration. The 5th generation cellular network, which offers superior speed and efficiency for wireless connections, is known as 5G. The accelerated network speed, bandwidth, and minimized latency of 5G facilitate better communication between connected devices, giving telecom firms quicker and more efficient options for asset management and remote system monitoring. A 2022 research by Verizon, a US telecom company, and Incisiv, a US consumer industry insight company, shows that approximately 13% of the global population has adopted 5G. This percentage is projected to triple by 2024. As a result, the IoT telecom services market will be positively influenced by the heightened adoption of 5G networks.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7508&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the IoT Telecom Services Market?
The growing trend of technological evolution is gaining momentum in the IoT telecom services market. Major players in the market are centering their focus on developing novel technologies to enrich their offerings, particularly within the realm of integrated IoT solutions. For example, March 2024 saw the launch of VoLTE (voice over LTE) service for IoT customers by Tele2 AB, a Swedish company offering integrated telecom services. This service boosts voice transparency, amplifies data speed, and extends battery longevity for IoT machinery, enabling them to function seamlessly on 4G networks worldwide. This milestone is significant as it provides IoT consumers with the tools to shift from outdated 2G/3G networks to more robust, forward-looking technology. This supports vital applications such as healthcare and leads the way to more efficient energy usage in devices.

What Are the Emerging Segments in the IoT Telecom Services Market?
The iot telecom servicesmarket 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7508&type=smp

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

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7508

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.