Market Snapshot:
Telecoms use the IoT for delivering products and services that provides additional value to existing network. They use separate networks for IoT platforms which can be used as foundation for developers and businesses. There are two protocol technologies which telecoms use to connect IoT devices to their networks that are LTE-M and narrow band IoT (NB-IoT). These protocols have low-bandwidth, low-power, low-cost, and optimised for connecting IoT devices to cellular networks. Moreover, various telecoms which support and use IoT devices have roaming capabilities where devices can connect to a cellular network.
Highlights from IoT Telecom Services Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are AT&T, Inc. (United States), Deutsche Telekom AG (Germany), Huawei Technologies Co., Ltd (China), Ericsson (Sweden), Verizon Communications, Inc. (United States), Aeris (United States), China Mobile Ltd. (China), Vodafone Group PLC. (United Kingdom), T-Mobile USA, Inc. (United States) and Sprint Corporation (United States). Additionally, other players that are part of this comprehensive study are Swisscom AG (Switzerland).
Geographic Breakdown and Segment Analysis
The Global IoT Telecom Services market presents a comprehensive analysis of the IoT Telecom Services market by end-user/application (Smart Building and Home Automation, Capillary Networks Management, Industrial Manufacturing and Automation, Vehicle Telematics, Transportation, Energy and Utilities and Smart Healthcare), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global IoT Telecom Services industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the IoT Telecom Services market
Analyst at AMA have segmented the market study of Global IoT Telecom Services market by Type, Application and Region.
Influencing Trend:
Rising Adoption of Telco Cloud and Emerging Low-Power High-Range NB-IoT Technology which Empowers Telecom Operators
Market Growth Drivers:
Increasing Penetration of Smart Connected Devices and Internet and Growing Need for Smart Network Bandwidth Management in Communications
Challenges:
Issues in Interoperability and Data Management
Restraints:
Privacy and Data Security Concerns
Opportunities:
Increasing Adoption of Smart Technology and Distributed Applications and Evolution of Wireless Networks
Market Developments Activities:
In June 2019, Huawei has completed the acquisition of Vokord which is Moscow based tech security company.
In December 2019, Nokia has signed an agreement with TIM for providing Internet of Things services to customers in Brazil. This acquisition will help to capture IoT opportunities more faster and securely
The market of IoT telecom services is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years.
Key Target Audience
Telecom service provider, IoT device manufacturers, Government associations, Research organizations and Others