IoT telecom services Market 2018 Global Trends, Share, Size, Emerging Technologies, Growth, Opportunities and Forecast To 2023

Market Research Future (MRFR)’s latest Report Projects that the Global IoT telecom services Market is set to Register a CAGR of 36.96% during the forecast period 2018 to 2023. services to our clients.

Pune, India - February 5, 2019 /MarketersMedia/ —

The global IoT telecom services market was valued at USD 3.45 billion in 2017 and is expected to reach USD 22.57 billion by the end of forecast period with a CAGR of 36.96%.

Market Highlights

Growing adoption of telco cloud and emerging applications such as smart buildings, industrial automation, and vehicle telematics are expected to boost the demand for IoT telecom services market globally. Also, need for enhanced connectivity is expected to drive the demand during the forecast period. Low-power, wide-area (LPWAN) technologies are gradually expected to replace short-range wireless and mobile WAN technologies including Bluetooth, Wi-Fi, and Near Field Communication (NFC) used for short range. However, factors such as lack of regulations for spectrum allocation and billing problems between OTT players and telecom operators can hamper the growth of IoT telecom services market.

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Key players

The key players in the IoT telecom services market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – AT&T, Inc. (US), Verizon Communications, Inc. (US), Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Sprint Corporation (US), Deutsche Telekom AG (Germany), Vodafone (UK), Aeris (France), and T-Mobile (US). These players contribute a major share in the growth of IoT telecom services market.
Apart from the top key players, there are other players that contribute to the market growth. These include China Mobile (China), China Telecom (China), Telia (Sweden) and Swisscom AG (Switzerland), and others.

Segmentation

By component, the market is segmented into connectivity technology, network management solution and services. By connectivity technology, the market is segmented into cellular technologies, Low-power Wide Area Network (LPWAN), narrowband-IoT (NB-IOT), radio frequency-based, others. By network management solution, the market is bifurcated into network performance monitoring and network optimization, network traffic management, network security management, and others. By services type, the market is segmented into Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, and M2M Billing Services. By application, the market is bifurcated into smart buildings, capillary network management, industrial automation, vehicle telematics, transportation and traffic management, energy and utilities, smart healthcare, and others.

Regional Analysis

The global market for IoT telecom services is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of IoT telecom services market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America dominated the IoT telecom services market in 2017. Growth of IoT in the US due to rapid adoption of connected devices and technologies is one of the major drivers contributing to the IoT telecom services market in North America. Asia-Pacific is expected to grow at the highest CAGR during the forecast period due to increasing investments in telecom industry by government of countries such as China, India and Japan. Europe was the second largest market for IoT telecom services in 2017. Some of the major players in this region include Vodafone and Deutsche Telekom.

Brief TOC of IoT Telecom Services Market

1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of IoT Telecom Services
Continue…

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Release ID: 479324