IoT Telecom Services Market By Connectivity (Cellular Technology, LPWAN, NB-IoT, RF-Based), By Network Management Solution (Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management), By Service Type (Business Consulting Services, Installation and Integration Services, Devices and Applicaton Management Solution, IoT billing and subscription management, M2M Billing Management), By Application (Smart Building and Home Automation, Capillary Network Management, Industrial Manufacturing and Automation, Vehicle Telematics, Energy and Utilities, Smart Healthcare): Global Opportunity Analysis and Industry Forecast, 2022-2031
With the advent of the digital age, the Internet of Things is no longer a radically new concept; instead, it has become an everyday practice that is constantly being improved upon and expanded. Around the world, IoT solutions are actively being implemented in a variety of industries. Recently, the telecom sector has witnessed a significant increase in the use of IoT, and this trend is predicted to continue.Therefore, adopting novel, forward-thinking, and customized strategies is essential. For telecom companies looking to embrace the digital age, gain a significant competitive edge, and take full advantage of the opportunities that contemporary technology presents, the deployment of IoT-based initiatives is now a need. The reality is that Internet of Things (IoT) communication tactics have been profoundly altering the technical landscape and establishing a new universe. IoT for telecom operators offers a variety of benefits and prospects, transforming the telecom industry. It is anticipated that the Internet of Things will continue to alter how telecommunications service providers facilitate connectivity between gadgets and humans. As a result, telecommunications firms must create fresh IoT solutions for the clients..
Surge in increase in adoption of technological advancement and innovation and IoT powered smart cameras for security primarily drive the growth of the IoT telecom services market. However, lack of guidelines for spectrum allocation hampers the market growth to some extent. Moreover, adoption of blockchain technology is expected to provide lucrative opportunities for the market growth during the forecast period.
The global loT telecom services market is segmented on the basis of connectivity, network management solution, service type, and application. On the basis of connectivity, it is divided into cellular technology, LPWAN, NB-IoT and FR-Based. On the basis of network management solution, it is classified into network performance monitoring and optimization, network traffic management and network security management. On the basis of service type, it is divided into business consulting services, devices and application management solution, installation and integration services, IoT billing and subscription management and M2M billing management. On the basis of application, it is classified into smart building and home automation, capillary network management, industrial manufacturing and automation, vehicle telematics, energy and utilities, smart healthcare and others (transportation). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Telstra, Orange, Sequans Communication, Telus Corporation, MediaTek Inc, LM Ericsson Telephone Company, Vodafone Idea Ltd, Sierra Wireless, Puresoftware Ltd, and T-Mobile. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
KEY BENEFITS FOR STAKEHOLDERSThe study provides an in-depth analysis of the global IoT telecom services market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global IoT telecom services market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.
Industry life cycle assessment, by region
Product Life Cycles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Product Consumption Analysis
SWOT Analysis
Volume Market Size and Forecast
Key Market SegmentsBy ConnectivityCellular Technology
LPWAN
NB-IoT
RF-Based
By Network Management SolutionNetwork Performance Monitoring and Optimization
Network Traffic Management
Network Security Management
By Service TypeBusiness Consulting Services
Installation and Integration Services
Devices and Applicaton Management Solution
IoT billing and subscription management
M2M Billing Management
By ApplicationSmart Building and Home Automation
Capillary Network Management
Industrial Manufacturing and Automation
Vehicle Telematics
Energy and Utilities
Smart Healthcare
By RegionNorth America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market PlayersT-Mobile
Sierra Wireless
LM Ericsson Telephone Company
Vodafone Idea Ltd
TELUS Corporation
MediaTek Inc
telstra
Orange
Sequans Communications
puresoftware ltd
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