Get more information on IoT Telecom Services Market - Request Sample Report
The IoT Telecom Services market size was valued at USD 29.85 Billion in 2023 and is expected to reach USD 224.0 Billion by 2032 and grow at a CAGR of 25.1% over the forecast period 2024-2032.
The Internet of Things (IoT) telecom services is a set of services provided by telecom companies to their commercial clients in order to facilitate the deployment of smart connectivity technologies into their networks and business processes. These services include improved data security and privacy, interoperability, asset management, real-time analytics, and more. Telcos are largely using IoT telecom services to guarantee vital machine-centric connections for their commercial clients. IoT telecom services primarily address the vital demand for continuous connectivity and smart network monitoring.
One of the most highly advanced sectors is telecommunications. Furthermore, it was one of the first few businesses to embrace the Internet of Things (IoT) to improve business analytics, make distant sites safer, and cut costs. IoT for telecom is continually being developed and improved to assist the industry tackle some of its most pressing difficulties, such as assuring consistent service quality. The following are some of the most important IoT developments in telecom that will have an impact in the next years.
With the aid of IoT, data may be streamed in real-time.
5G in the Telecom Industry IoT Solutions, as the marriage of 5G with IoT is likely to open up a whole new world of possibilities for telecom companies.
Narrowband IoT is a protocol used by telecoms to link IoT devices to their networks, and it is a narrowband radio technology for IoT devices.
Roaming capabilities in IoT devices mean that they can connect to a cellular network even if the primary telco does not have any infrastructure.
Artificial IoT, or Artificial Intelligence in the Internet of Things, is transforming the telecom industry by utilizing cognitive systems to make more experienced and context-based judgments.
The Internet of Things is a fantastic complement to the telecom business. Emerging IoT technologies such as 5G and big data will enable the sector to reap significant benefits and diversify its service portfolio with a variety of IoT-enabled services in areas such as smart city development, smart retail, asset tracking, and more.
KEY DRIVERS:
Telecom Cloud Adoption Is Growing.
Telcos Using Traditional Telecom Services to Promote Over-The-Top Application Deployment.
In communication operations, there is a need for smart network bandwidth management and automation.
Smart Connected Devices are becoming more widely used.
RESTRAINTS:
Spectrum Allocation Regulations.
Ott Players and Telecom Operators' Monetization and Billing Issues.
OPPORTUNITY:
Smart Technology and Distributed Applications Are Becoming More Popular.
The introduction of low-power, long-range NB-IoT technology is giving telecom operators more power.
Next-Generation Wireless Networks are Changing.
CHALLENGES:
Concerns about data security and privacy.
Interoperability and data management issues.
The development of COVID-19 sickness has wreaked havoc on the world's population. There isn't a single big industrial country remaining that hasn't been struck by the sickness. The epidemic has had a significant impact on the business environment in practically all major nations. Following the outbreak, numerous countries went under lockdown for months. It was a vital step to exercise social distance and slow the spread of the disease. As a result, the IoT Telecom sector has been impacted as well. It is difficult to determine the impact of the pandemic on the market in question. On the one hand, there is a scarcity of investments in technology domains as a result of the catastrophic economics. In small and medium businesses, technology product consumption has dropped dramatically (SMEs). On the other hand, increased market demand for IoT services in telecom industries is projected as a result of remote operations of official and corporate initiatives. According to current industry trends, sales of IoT Telecom services will continue to rise steadily in the near future. The need for new and growing industries is predicted to rise as a result of popular applications in the domains.
MARKET ESTIMATION:
Due to the advent of low-power high-range wireless connection technologies, the NB-IoT connectivity technology component of the market is expected to grow at the fastest rate over the projected period. During the forecast period, the market for transportation, logistics tracking, and traffic management applications is expected to develop at the fastest rate due to the use of smart technologies for traffic and logistics management. Network security management solution is predicted to expand at the fastest pace during the projection period, as it safeguards data and resources in a network via the use of firewalls and other IoT-enabled security solutions.
IoT Telecom Services Market has been divided into Network Management solutions into Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management, and Others. Because they safeguard data and resources in a network by leveraging firewalls and other IoT-enabled security solutions for efficient network management, network security management solutions are predicted to develop at a positive CAGR throughout the forecast period. An administrator may administer a network that comprises both physical and virtual firewalls from a single location using network security management.
To obtain visibility into network activity, automate device configuration, enforce global policies, examine firewall traffic, produce reports, and offer a uniform management interface for physical and virtual systems, administrators need network security management solutions. Network security management creates data for assets (asset classifications and groupings), firewalls, apps, ports, protocols, VPNs, NATs, security rules, and vendor devices, and gives total network visibility. This information is dissected and examined down to the level of individual devices.
On The Basis of Connectivity Technology
Cellular Technologies
LPWAN
NB-IoT
RF-Based
On The Basis of Network Management Solution
Network Performance Monitoring and Optimization
Network Traffic Management
Network Security Management
On The Basis of Service Type
Business Consulting Services
Device and Application Management Services
Installation and Integration Services
IoT Billing and Subscription Management
M2M Billing Management
On The Basis of Application
Smart Building and Home Automation
Capillary Networks Management
Industrial Manufacturing and Automation
Vehicle Telematics
Transportation, Logistics Tracking, and Traffic Management
Energy and Utilities
Smart Healthcare
Due to strict IoT legislation and the availability of a significant number of telecom Internet of Things service providers in this area, North America will be the largest market. The Telecom Internet of Things market in APAC is expected to grow at an exponential rate, and it is the fastest-growing region for the telecom Internet of the Things service market, owing to the growing smart device market and smart technology, as well as a large number of early adopters of smart technology.
Need any customization research on IoT Telecom Services Market? - Ask For Customization
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are AT&T, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd, Ericsson, Verizon Communications, Inc., Aeris, China Mobile Ltd., Vodafone Group PLC., T-Mobile USA, Inc., Sprint Corporation & Other Players
| Report Attributes | Details |
| Market Size in 2023 | US$ 29.85 Bn |
| Market Size by 2032 | US$ 224.0 Bn |
| CAGR | CAGR of 25.1% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Connectivity Technology (Cellular Technologies, LPWAN, NB-IoT, RF-Based) • by Network Management Solution (Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management) • by Service Type (Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, M2M Billing Management) • by Application (Smart Building and Home Automation, Capillary Networks Management, Industrial Manufacturing, and Automation, Vehicle Telematics, Transportation, Logistics Tracking, and Traffic Management, Energy and Utilities, Smart Healthcare) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | AT&T, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd, Ericsson, Verizon Communications, Inc., Aeris, China Mobile Ltd., Vodafone Group PLC., T-Mobile USA, Inc., Sprint Corporation |
| Key Drivers | • Telecom Cloud Adoption Is Growing • Smart Connected Devices are becoming more widely used |
| Market Challenges | • Concerns about data security and privacy • Interoperability and data management issues |
Ans: - The IoT Telecom Services market size was valued at USD 29.85 Bn in 2023.
Ans: - Telecom Cloud Adoption Is Growing and Smart Connected Devices are becoming more widely used.
Ans: - The segments covered in the IoT Telecom Services Market are On the Basis of Connectivity Technology, Network Management Solution, Service Type, and Application.
Ans: - The major key players are AT&T, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd, Ericsson, Verizon Communications, Inc., Aeris, China Mobile Ltd., Vodafone Group PLC., T-Mobile USA, Inc., Sprint Corporation.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. IoT Telecom Services Market Segmentation, by Connectivity Technology
8.1 Cellular Technologies
8.2 LPWAN
8.3 NB-IoT
8.4 RF-Based
9. IoT Telecom Services Market Segmentation, by Network Management Solution
9.1 Network Performance Monitoring and Optimization
9.2 Network Traffic Management
9.3 Network Security Management
10. IoT Telecom Services Market Segmentation, by Service Type
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
11. IoT Telecom Services Market Segmentation, by Application
11.1 Smart Building and Home Automation
11.2 Capillary Networks Management
11.3 Industrial Manufacturing and Automation
11.4 Vehicle Telematics
11.5 Transportation, Logistics Tracking, and Traffic Management
11.6 Energy and Utilities
11.7 Smart Healthcare
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 AT&T, Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Deutsche Telekom AG
13.3 Huawei Technologies Co., Ltd
13.4 Ericsson
13.5 Verizon Communications, Inc.
13.6 Aeris
13.7 China Mobile Ltd.
13.8 Vodafone Group PLC.
13.9 T-Mobile USA, Inc.
13.10 Sprint Corporation
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Enterprise Application Integration Market size was valued at USD 13.22 billion in 2023 and is expected to reach USD 49 billion by 2032 and grow at a CAGR of 15.67% over the forecast period 2024-2032.
The Business Intelligence (BI) software Market size was valued at USD 35.85 billion in 2023 and will grow to USD 112.4 billion and CAGR of 13.6 % by 2032.
The Passenger Service System Market size was valued at USD 8.8 billion in 2023, It is expected to hit USD 31.9 billion by 2031 and grow at a CAGR of 17.5% over the forecast period of 2024-2031.
The Customer Experience Management Market size was valued at USD 13.4 Billion in 2023. It is expected to hit USD 47.83 Billion by 2032 and grow at a CAGR of 15.2% over the forecast period of 2024-2032.
The Smart Parking Market was valued at USD 7.39 billion in 2023 and is predicted to expand to USD 44.9 billion by 2032, growing at a CAGR of 22.2% between 2024 and 2032.
Digital Banking Platform Market was valued at USD 30.3 billion in 2023 and is expected to reach USD 164.7 billion by 2032, growing at a CAGR of 20.7% from 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
