Email
Print
IoT Telecom Services Market - Forecast(2024 - 2030)
IoT Telecom Services Market Report Overview
IoT Telecom Services Market size is analysed to grow at a CAGR of 16.1% during the forecast 2022-2027 to reach $17.92 billion by 2027. The Internet of Things (IoT) telecom services is a collection of services provided by telecom companies to their commercial clients in order to facilitate the deployment of smart connectivity technologies across networks and business processes. Malware attacks drive the need for IoT network security management. These services include enhanced data security and privacy, interoperability, asset management, real-time analytics, and many more. Telcos are primarily deploying IoT telecom services for their commercial clients to ensure critical machine connectivity. During the projection period, emerging applications such as smart buildings, industrial automation, and vehicle telematics will drive the expansion of IoT telecom services even further. IoT telecom services address the critical need for continuous connectivity and smart network monitoring. In recent years, the technologies used in loT telecom services have evolved significantly, from standard cellular technology to sophisticated narrowband IoT (NB-IoT) connections. The emergence of new technologies such as NB-IoT and RF is generating enormous promise in smart cities and smart home applications, as well as boosting demand for loT telecom services. Scalable data management and analytics, as well as security capabilities, are key to delivering on IoT's promise of analysis and action.
Report Coverage
The report: “IoT Telecom Services Industry Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the IoT Telecom Services industry.
By Connectivity: Cellular Technologies, LPWAN, NB-IoT, Radio Frequency-Based.
By Network Management Solution: Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management, Others.
By Service Type: Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, M2M Billing Management, Others.
By Application: Smart Building and Home Automation, Capillary Networks Management, Industrial Manufacturing and Automation, Vehicle Telematics, Energy & Utilities, Smart Healthcare, Others.
By Geography: North America, South America, Europe, APAC, and RoW.
Key Takeaways
- North America is analyzed to be the major region with a share of 35% in 2021 for the IoT Telecom Services Market. The rising adoption of smart connected devices and technologies, as well as telcos promoting OTT applications, are driving the growth of IoT telecom services in this region
- IoT in the telecom sector has been optimizing network service performance through the integration of IT tools. Traditional IT has emerged as an effective tool for telecom service management. It is making its way through the changing telecom landscape around the world as one of the most effective tools for lowering the costs associated with network equipment operation.
- In the telecom industry, IoT is used for a variety of applications such as product monitoring, premises monitoring, and supply chain monitoring. Furthermore, the majority of telecom companies use IoT technologies in a variety of ways, including smartphones, tablet computers, and other digital devices.
IoT Telecom Services Market, By Region, 2021
For more details on this report - Request for Sample
IoT Telecom Services Market Segment Analysis – By Connectivity
By Connectivity, IoT Telecom Services Market has been segmented into Cellular Technologies, LPWAN, NB-IoT, Radio Frequency-Based. During the forecast period, the NB-IoT is expected to witness highest CAGR. It is projected to record a 26.4% CAGR and reach $15.2 Billion by 2027. NB-IoT (Narrowband-IoT) is a narrowband radio technology for M2M and Internet of Things (IoT) devices and applications that require wireless transmission over a longer range at a low cost and with minimal power consumption for long battery life. Because of the emergence of low-power high-range wireless connectivity technologies, the NB-IoT connectivity technology component of the market is expected to grow at the fastest rate during the forecast period. The transportation, logistics tracking, and traffic management application market is also expected to grow at the fastest rate during the forecast period due to the adoption of smart technologies for traffic and logistics management. In December 2020, In support of Prime Minister Shri Narendra Modis vision of a completely Digital India, BSNL, in collaboration with Skylotech India, announced a breakthrough in satellite-based NB-IoT (Narrow Band-Internet of Things). India will now have access to a pervasive network of connection for millions of hitherto disconnected equipment, sensors, and industrial IoT devices due to this solution.
IoT Telecom Services Market Segment Analysis - By Network Management Solution
By Network Management Solution, IoT Telecom Services Market has been segmented into Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management, Others. During the forecast period, network security management solutions are expected to grow at a CAGR rate of 18% during the forecast period because they secure data and resources in a network by utilizing firewalls and other IoT-enabled security solutions for effective network management. Network security management enables an administrator to manage a network that includes both physical and virtual firewalls from a single point. Administrators require network security management solutions to gain visibility into network behavior, automate device configuration, enforce global policies, view firewall traffic, generate reports, and provide a unified management interface for physical and virtual systems. Network security management provides complete network visibility and generates data for assets (asset classifications and groupings), firewalls, applications, ports, protocols, VPNs, NATs, security policies, and vendor devices. This data is drilled down into the specifics of individual devices and analyzed.
IoT Telecom Services Market Share Segment Analysis - Geography
By geography, IoT Telecom Services Market has been segmented under North America, Europe, APAC, South America and RoW. North America is analyzed to be the major region with a share of 35% in 2021 for the IoT Telecom Services Market. The rising adoption of smart connected devices and technologies, as well as telcos promoting OTT applications, are driving the growth of IoT telecom services in this region. North America is expected to dominate the market during the forecast period due to the region's increasing adoption of cloud-based technology. Furthermore, increased spending by telecom service providers on IoT adoption in this region is one of the key factors expected to drive market growth during the forecast period. In May 2021, Manx Telecom, a mobile network operator (MNO), 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 (MVNE) and travel SIM business
IoT Telecom Services Market Drivers
Due to technological advancement and growing innovation, the demand for improved connectivity has risen significantly over the years. This is expected to boost IoT adoption in the telecom industry:
Because of technological advancement and growing innovation, the demand for improved connectivity has grown significantly over the years. This is expected to increase IoT adoption in the telecom sector, thereby promoting the market growth. Furthermore, as the volume of data associated with telecommunications grows, so will the demand for technologies that can improve data management. However, one of the key concerns that may have a negative impact on market growth over the forecast period is the risk associated with data privacy. Furthermore, manufacturers can emphasize the importance of wireless connectivity and IoT. The IoT telecom services market is predicted to be driven by an increase in Telco adoption, penetration of smart connected devices, and the demand for network bandwidth control and automation in communication operations. Furthermore, the expanding next-generation wireless networks, as well as the use of smart technologies and distributed applications, are likely to provide significant potential prospects for the telecom IoT market over the projection period. In April 2021, Vodafone Idea (Vi) announced an integrated IoT solution in order to capitalise on opportunities created by the Digital India and Smart Cities missions.
Use of IoT-powered smart cameras for security will boost market growth:
In remote locations where expensive equipment is deployed, security can be a major concern. There are also other resources, such as batteries and fuel, that are used to power the equipment at remote locations. Theft of equipment and consumable resources can be costly for telecom companies. As a result, telecom companies must ensure that effective security protocols are implemented. Telecom companies can deploy IoT-powered smart cameras at their remote locations. Smart cameras can detect on-site tampering and alert the appropriate authorities in real-time. Additionally, telecom companies can use beacons and RFID badges to secure the perimeter and restrict unauthorized access. Telecom companies can also use this method to create a geofence for their IoT devices. A geofence will assist in the creation of an interconnected barrier with IoT devices that allows only authorized individuals to enter. As a result, the implementation of IoT in telecom companies can aid in the execution of more effective security protocols.
IoT Telecom Services Market Challenges
The absence of spectrum allocation regulations is a significant impediment to market growth:
The lack of regulation for spectrum allocation is a major impediment to market growth. The IoT telecom services market is highly fragmented, with relationships with telecom service providers and IoT platform vendors changing regionally, affecting relationships between IoT platform providers and Network-as-a-Service providers significantly. Additionally, Customers' demand for bandwidth-intensive applications and high-quality network experiences are also causing telecom service providers to struggle to stay up. IoT platform vendors changing regionally and not being able to form a good relationship between IoT platform providers and Network-as-a-Service providers is expected to hamper IoT Telecom Service Market growth.
IoT Telecom Services Industry Outlook
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the IoT Telecom Services market. In 2021, the market of IoT Telecom Services industry outlook has been fragmented by several companies. IoT Telecom Services top 10 companies include
- Ericsson
- Vodafone
- Telstra
- Sierra Wireless
- PureSoftware
- Sequans Communications
- Orange
- T-Mobile
- Telus
- MediaTek
Acquisitions/Technology Launches/Partnerships
- In September 2021, Telstra opened innovation centres in India to address AI and IoT challenges.
- In May 2021, Manx Telecom, a mobile network operator (MNO), 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 (MVNE) and travel SIM business.
- In April 2021, Bharti Airtel Ltd launched its internet of things (IoT) platform for enterprises to connect and manage billions of devices and applications.
Relevant Report Titles:
Report Code: ESR 0205
Report Code: ESR 72594
For more Information and Communications Technology related reports, please click here
1. IoT Telecom Services Market Overview
1.1 Definitions and Scope
2. IoT Telecom Services Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Product Type
2.3 Key trends segmented by Geography
3. IoT Telecom Services Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking-Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. IoT Telecom Services Market – Industry Market Entry Scenario Premium (Premium)
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. IoT Telecom Services Market – Startup Company Scenario (Premium)
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. IoT Telecom Services Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. IoT Telecom Services Market – By Strategic Analysis (Market Size -$Million/Billion)
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
7.4 Suppliers and Distributors
8. IoT Telecom Services Market – By Connectivity (Market Size -$Million/Billion)
8.1 Cellular Technologies
8.2 LPWAN
8.3 NB-IoT
8.4 Radio Frequency-Based
9. IoT Telecom Services Market – By Network Management Solution (Market Size -$Million/Billion)
9.1 Network Performance Monitoring and Optimization
9.2 Network Traffic Management
9.3 Network Security Management
9.4 Others
10. IoT Telecom Services Market – By Service Type (Market Size -$Million/Billion)
10.1 Business Consulting Services
10.2 Device and Application Management Services
10.3 Installation and Integration Services
10.4 IoT Billing and Subscription Management
10.5 M2M Billing Management
10.6 Others
11. IoT Telecom Services Market – By Application (Market Size -$Million/Billion)
11.1 Smart Building and Home Automation
11.2 Capillary Networks Management
11.3 Industrial Manufacturing and Automation
11.4 Vehicle Telematics
11.5 Energy & Utilities
11.6 Smart Healthcare
11.7 Others
12. IoT Telecom Services Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 U.S
12.1.2 Canada
12.1.3 Mexico
12.2 South America
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Chile
12.2.4 Colombia
12.2.5 Others
12.3 Europe
12.3.1 Germany
12.3.2 France
12.3.3 UK
12.3.4 Italy
12.3.5 Spain
12.3.6 Russia
12.3.7 Netherlands
12.3.8 Others
12.4 APAC
12.4.1 China
12.4.2 Japan
12.4.3 South Korea
12.4.4 India
12.4.5 Australia
12.4.6 Indonesia
12.4.7 Malaysia
12.4.8 Others
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. IoT Telecom Services Market - Market Entropy
13.1 New product launches
13.2 M&A's, collaborations, JVs and partnerships
14. IoT Telecom Services Market – Industry Competition Landscape (Premium)
14.1 Market Share Global
14.2 Market Share by Region
14.3 Market Share By Product Type
15. IoT Telecom Services Market – Key Company List by Country Premium (Premium)
16. IoT Telecom Services Market - Company Analysis
16.1 NICE
16.2 Cisco
16.3 IBM
16.4 Enghouse
16.5 Google
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"
LIST OF TABLES
1.Global IoT Telecom Services Market Analysis By Component Market 2023-2030 ($M)1.1 Connectivity Technology Market 2023-2030 ($M) - Global Industry Research
1.2 Network Management Solution Market 2023-2030 ($M) - Global Industry Research
1.3 Services Market 2023-2030 ($M) - Global Industry Research
2.Global IoT Telecom Services Market Analysis By Service Type Market 2023-2030 ($M)
2.1 Business Consulting Services Market 2023-2030 ($M) - Global Industry Research
2.2 Device & Application Management Services Market 2023-2030 ($M) - Global Industry Research
2.3 Installation & Integration Services Market 2023-2030 ($M) - Global Industry Research
2.4 IoT Billing & Subscription Management Market 2023-2030 ($M) - Global Industry Research
2.5 M2M Billing Services Market 2023-2030 ($M) - Global Industry Research
3.Global IoT Telecom Services Market Analysis By Component Market 2023-2030 (Volume/Units)
3.1 Connectivity Technology Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Network Management Solution Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Services Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global IoT Telecom Services Market Analysis By Service Type Market 2023-2030 (Volume/Units)
4.1 Business Consulting Services Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Device & Application Management Services Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Installation & Integration Services Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 IoT Billing & Subscription Management Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 M2M Billing Services Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America IoT Telecom Services Market Analysis By Component Market 2023-2030 ($M)
5.1 Connectivity Technology Market 2023-2030 ($M) - Regional Industry Research
5.2 Network Management Solution Market 2023-2030 ($M) - Regional Industry Research
5.3 Services Market 2023-2030 ($M) - Regional Industry Research
6.North America IoT Telecom Services Market Analysis By Service Type Market 2023-2030 ($M)
6.1 Business Consulting Services Market 2023-2030 ($M) - Regional Industry Research
6.2 Device & Application Management Services Market 2023-2030 ($M) - Regional Industry Research
6.3 Installation & Integration Services Market 2023-2030 ($M) - Regional Industry Research
6.4 IoT Billing & Subscription Management Market 2023-2030 ($M) - Regional Industry Research
6.5 M2M Billing Services Market 2023-2030 ($M) - Regional Industry Research
7.South America IoT Telecom Services Market Analysis By Component Market 2023-2030 ($M)
7.1 Connectivity Technology Market 2023-2030 ($M) - Regional Industry Research
7.2 Network Management Solution Market 2023-2030 ($M) - Regional Industry Research
7.3 Services Market 2023-2030 ($M) - Regional Industry Research
8.South America IoT Telecom Services Market Analysis By Service Type Market 2023-2030 ($M)
8.1 Business Consulting Services Market 2023-2030 ($M) - Regional Industry Research
8.2 Device & Application Management Services Market 2023-2030 ($M) - Regional Industry Research
8.3 Installation & Integration Services Market 2023-2030 ($M) - Regional Industry Research
8.4 IoT Billing & Subscription Management Market 2023-2030 ($M) - Regional Industry Research
8.5 M2M Billing Services Market 2023-2030 ($M) - Regional Industry Research
9.Europe IoT Telecom Services Market Analysis By Component Market 2023-2030 ($M)
9.1 Connectivity Technology Market 2023-2030 ($M) - Regional Industry Research
9.2 Network Management Solution Market 2023-2030 ($M) - Regional Industry Research
9.3 Services Market 2023-2030 ($M) - Regional Industry Research
10.Europe IoT Telecom Services Market Analysis By Service Type Market 2023-2030 ($M)
10.1 Business Consulting Services Market 2023-2030 ($M) - Regional Industry Research
10.2 Device & Application Management Services Market 2023-2030 ($M) - Regional Industry Research
10.3 Installation & Integration Services Market 2023-2030 ($M) - Regional Industry Research
10.4 IoT Billing & Subscription Management Market 2023-2030 ($M) - Regional Industry Research
10.5 M2M Billing Services Market 2023-2030 ($M) - Regional Industry Research
11.APAC IoT Telecom Services Market Analysis By Component Market 2023-2030 ($M)
11.1 Connectivity Technology Market 2023-2030 ($M) - Regional Industry Research
11.2 Network Management Solution Market 2023-2030 ($M) - Regional Industry Research
11.3 Services Market 2023-2030 ($M) - Regional Industry Research
12.APAC IoT Telecom Services Market Analysis By Service Type Market 2023-2030 ($M)
12.1 Business Consulting Services Market 2023-2030 ($M) - Regional Industry Research
12.2 Device & Application Management Services Market 2023-2030 ($M) - Regional Industry Research
12.3 Installation & Integration Services Market 2023-2030 ($M) - Regional Industry Research
12.4 IoT Billing & Subscription Management Market 2023-2030 ($M) - Regional Industry Research
12.5 M2M Billing Services Market 2023-2030 ($M) - Regional Industry Research
13.MENA IoT Telecom Services Market Analysis By Component Market 2023-2030 ($M)
13.1 Connectivity Technology Market 2023-2030 ($M) - Regional Industry Research
13.2 Network Management Solution Market 2023-2030 ($M) - Regional Industry Research
13.3 Services Market 2023-2030 ($M) - Regional Industry Research
14.MENA IoT Telecom Services Market Analysis By Service Type Market 2023-2030 ($M)
14.1 Business Consulting Services Market 2023-2030 ($M) - Regional Industry Research
14.2 Device & Application Management Services Market 2023-2030 ($M) - Regional Industry Research
14.3 Installation & Integration Services Market 2023-2030 ($M) - Regional Industry Research
14.4 IoT Billing & Subscription Management Market 2023-2030 ($M) - Regional Industry Research
14.5 M2M Billing Services Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Iot Telecom Services Market Revenue, 2023-2030 ($M)2.Canada Iot Telecom Services Market Revenue, 2023-2030 ($M)
3.Mexico Iot Telecom Services Market Revenue, 2023-2030 ($M)
4.Brazil Iot Telecom Services Market Revenue, 2023-2030 ($M)
5.Argentina Iot Telecom Services Market Revenue, 2023-2030 ($M)
6.Peru Iot Telecom Services Market Revenue, 2023-2030 ($M)
7.Colombia Iot Telecom Services Market Revenue, 2023-2030 ($M)
8.Chile Iot Telecom Services Market Revenue, 2023-2030 ($M)
9.Rest of South America Iot Telecom Services Market Revenue, 2023-2030 ($M)
10.UK Iot Telecom Services Market Revenue, 2023-2030 ($M)
11.Germany Iot Telecom Services Market Revenue, 2023-2030 ($M)
12.France Iot Telecom Services Market Revenue, 2023-2030 ($M)
13.Italy Iot Telecom Services Market Revenue, 2023-2030 ($M)
14.Spain Iot Telecom Services Market Revenue, 2023-2030 ($M)
15.Rest of Europe Iot Telecom Services Market Revenue, 2023-2030 ($M)
16.China Iot Telecom Services Market Revenue, 2023-2030 ($M)
17.India Iot Telecom Services Market Revenue, 2023-2030 ($M)
18.Japan Iot Telecom Services Market Revenue, 2023-2030 ($M)
19.South Korea Iot Telecom Services Market Revenue, 2023-2030 ($M)
20.South Africa Iot Telecom Services Market Revenue, 2023-2030 ($M)
21.North America Iot Telecom Services By Application
22.South America Iot Telecom Services By Application
23.Europe Iot Telecom Services By Application
24.APAC Iot Telecom Services By Application
25.MENA Iot Telecom Services By Application
26.Deutsche Telekom AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Ericsson, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Aeris, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Vodafone Group PLC., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Sprint Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Swisscom AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)