What is Telecom IoT?
Telecom IoT market has high growth prospects due to its wireless and wireline infrastructure performance that applicable in Telecommunications sector for customer service. Telecom IoT operator improves their analytics capacity to generate insights which networks issue faster and enable predictive maintenance to improve network quality. Factors such as increasing IoT evolution coupled with rising consumer spending on digitalization will provide a positive scope for technology penetration during the forecasted timeframe. Also, growing consumer preferences toward LP-WAN and cellular technologies instead of Edge & UMTS owing to the higher technological advancement will further provide a strong business outlook.
The market study is broken down by Type (Connectivity Technology, Network Management Solution and Services), by Application (Smart Buildings and Home Automation, Capillary Network Management, Industrial Manufacturing and Automation, Vehicle Telematics, Transportation, Logistics Tracking and Traffic Management, Energy and Utilities, Smart Healthcare and Others) and major geographies with country level break-up. According to AMA, the Global Telecom IoT market is expected to see growth rate of 41.4% and may see market size of USD16.72 Billion by 2026.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AT&T, Inc. (United States), Ericsson (Sweden), Verizon Communications, Inc. (United States), Deutsche Telekom AG (Germany), Huawei Technologies Co., Ltd. (China), Sprint Corporation (United States), Telenor (Norway), Telefnica (Spain) and Tele2 (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SK Telecom (South Korea), Singtel (Singapore), Rogers Communications (Canada), Orange Business Services (France) and MTN (South Africa).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Telecom IoT market by Type, Application and Region.
On the basis of geography, the market of Telecom IoT has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Cellular Technologies will boost the Telecom IoT market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In June 2018, Reliance Industries (RIL) completely acquired Radisys Corp. This acquisition is beneficial for software-centric disaggregated networks and platforms strengthens the business diversification and innovative solutions for customers.
In Feb 2019, Nokia Launched four new IoT packages for telecom operators, which is beneficial for the set-up and operations of enterprise IoT services. It also delivers IoT Network Grid (WING) infrastructure & business model with minimal upfront investment.
Market Trend
- Increasing demand in Asia-Pacific Regions.
Market Drivers
- Increasing Penetration of Smart Connected Devices.
- Rising Demand of Smart Network Bandwidth Management
Opportunities
- Upsurge Demand of Smart Technology and Distributed Applications
- Technological Advancements Such as Generation of Wireless Networks
Restraints
- Government Regulation Regarding Spectrum Allocation
- Pricing and Billing Issues among Telecom Operators and OTT Players
Challenges
- Data Security and Privacy Concerns
- Lack of Data Management and Interoperability
Key Target Audience
Government and Research Organizations, R&D Institutions, Associations and Industrial Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.