IoT Telecom Services Market Analysis and Forecast to 2032: By Connectivity (Cellular Technology, LPWAN, NB-IoT, RF-Based), Network Management Solution (Network Performance Monitoring & Optimization, Network Traffic Management, Network Security Management)

IoT Telecom Services Market Analysis and Forecast to 2032: By Connectivity (Cellular Technology, LPWAN, NB-IoT, RF-Based), Network Management Solution (Network Performance Monitoring & Optimization, Network Traffic Management, Network Security Management), Service Type (Business Consulting Services, Installation and Integration Services, Devices and Application Management Solution, IoT Billing and Subscription Management, M2M Billing Management), Application (Smart Building & Home Automation, Capillary Network Management, Industrial Manufacturing & Automation, Vehicle Telematics, Energy & Utilities, Smart Healthcare), and Region

The IoT telecom services market was valued at USD 17.4 billion in 2022 and it is anticipated to grow further till USD 342.4 billion by 2032, at a CAGR of 34.7% during the forecast period.

The implementation of smart connectivity technologies across networks and business processes is made possible by the Internet of Things (IoT) telecom services, a group of services offered by telecom firms to their commercial clients. The need for IoT network security management is driven by malware attacks. Enhancing data security and privacy, interoperability, asset management, real-time analytics, and many other services are among these. To secure vital machine connectivity, telcos are primarily offering IoT telecom services for their business clients.
Global IoT Telecom Services Market Scope and Report Structure
Market Driver and Trends
Security can be a serious worry when expensive equipment is used in remote areas. In addition, additional resources, including fuel and batteries, are used to power the machinery in far-off places. For telecom organisations, equipment and consumable resource theft can be expensive. Therefore, telecom businesses need to make sure that efficient security protocols are put in place. IoT-powered smart cameras can be installed at remote sites by telecom firms. Smart cameras have the ability to spot on-site tampering and instantly notify the necessary authorities. Beacons and RFID badges can also be used by telecom firms to secure the perimeter and prevent unwanted access. This technique can be used by telecom firms to set up a geofence for their IoT devices. A geofence will make it easier to build an IoT-enabled barrier that only enables authorised people to pass through. As a result, the use of IoT in telecom firms can facilitate the creation of security standards that are more effective.
Market Restraints and Challenges
The lack of spectrum allocation regulations is a significant barrier to industry expansion. IoT platform providers' and Network-as-a-Service providers' interactions with telecom service providers and IoT platform suppliers change regionally due to the highly fragmented nature of the IoT telecom services market. Additionally, telecom service providers are finding it difficult to stay in business due to customer demand for bandwidth-intensive applications and high-quality network experiences. Growth of the IoT Telecom Service Market is anticipated to be constrained by regional changes in IoT platform suppliers and a lack of positive interactions between IoT platform providers and Network-as-a-Service providers.

Global IoT Telecom Services Market Segmental Overview
The global IoT telecom services market is segmented into connectivity, network management solution, service type, application, and region.

Global IoT Telecom Services Market by Connectivity

Based on connectivity, it is segmented into cellular technology, LPWAN, NB-IoT, and RF-based. The cellular technology segment is anticipated to dominate the market during the forecast period. Similarly, RF-based segment is anticipated to witness the fastest growth during the forecast period.

Global IoT Telecom Services Market by Network Management Solution

Based on network management solution, it is segmented into network performance monitoring & optimization, network traffic management, and network security management. The network performance monitoring & optimization segment is anticipated to dominate the market during the forecast period. Similarly, network traffic management segment is anticipated to witness the fastest growth during the forecast period.

Global IoT Telecom Services Market by Service Type

Based on service type, it is segmented into business consulting services, installation & integration services, devices & application management solution, IoT billing & subscription management, M2M billing management. The business consulting services segment is anticipated to dominate the market during the forecast period. Similarly, installation & integration services segment is anticipated to witness the fastest growth during the forecast period.

Global IoT Telecom Services Market by Application

Based on the application, it is segmented into smart building & home automation, capillary network management, industrial manufacturing & automation, vehicle telematics, energy & utilities, and smart healthcare. The smart building & home automation segment is anticipated to dominate the market during the forecast period. Similarly, the vehicle telematics segment is anticipated to witness the fastest growth during the forecast period.
Geographical Analysis of the Global IoT Telecom Services Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. Similarly, Europe region is anticipated to witness the fastest growth during the forecast period.
Major Players in the Global IoT Telecom Services Market
The key players studied in the report are T-Mobile, Sierra Wireless, LM Ericsson Telephone Company, Vodafone Idea Ltd, TELUS Corporation, MediaTek Inc, telstra, Orange, Sequans Communications, and puresoftware ltd. among others.
COVID-19 Impact
Everyone on earth has been negatively impacted by the COVID-19 sickness. Hardly any big industrialised nation is still standing that has not experienced the wrath of the infectious sickness. The pandemic that has hit nearly all major nations has had a significant impact on business. Lockdowns lasted for months in various nations after the outbreak. It was a vital action to practise social isolation and stop the disease's spread. As a result, the IoT Telecom market has also been impacted. Accessing the pandemic's impact on the relevant market is not very straightforward. On the one hand, investments in technology disciplines are scarce as a result of the world's failing economy.
Recent Developments

July 2022, Ericsson, a Sweden-based company engaged in networking and telecommunications, acquired Vonage for an undisclosed amount. With this acquisition, Ericsson strengthen its mobile network business. The deal allows Ericsson access to powerful building blocks to offer a full range of communications solutions.
September 2021, Telstra opened innovations centers in India to address AI and IoT challenges
May 2021, Manx Telecom, a mobile network operator, relaunched its Global Solutions division under a new brand, OV to serve the growing global IoT market alongside its existing global mobile virtual network enabler and travel SIM business.
April 2021, Bharti Airtel Ltd launched its internet of things (IoT) platform for enterprises to connect and manage billions of devices and applications.

Frequently Asked Questions
Q1. How big is the IoT Telecom Services market?

Ans. The global IoT Telecom Services market size was USD 17.4 billion in 2022 and it is anticipated to grow further till USD 342.4 billion by 2032, at a CAGR of 34.7% from 2023 to 2032.

Q2. What is the IoT Telecom Services market growth rate?

Ans. The growth rate of the IoT Telecom Services market is 34.7%.

Q3. Which region holds a major market share for the IoT Telecom Services market?

Ans. North America holds a major market share of the IoT Telecom Services market in 2022.

Q4. Which segment accounted for the largest IoT Telecom Services market share?

Ans. By Application, smart building and home automation segment accounted for the largest IoT Telecom Services market share.

Q5. Who are the key players in the IoT Telecom Services market?

Ans. The global IoT Telecom Services market report includes players such as T-Mobile, Sierra Wireless, LM Ericsson Telephone Company, Vodafone Idea Ltd, TELUS Corporation, MediaTek Inc, telstra, Orange, Sequans Communications, and puresoftware ltd. among others.

Q6. What are the factors driving the IoT Telecom Services market growth?

Ans. The major factors driving the growth of the market are the growing market in emerging countries.

Q7. What are the key growth strategies of IoT Telecom Services market players?

Ans. The key growth strategies of IoT Telecom Services market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the IoT Telecom Services market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the IoT Telecom Services market during the forecast period.



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