Market Definition
The implementation of smart connectivity technologies across networks and business processes is made possible by the Internet of Things (IoT) telecom services, a group of services offered by telecom firms to their commercial clients. The need for IoT network security management is driven by malware attacks.
Market Outlook
The IoT telecom services market was valued at USD 17.4 billion in 2022 and it is anticipated to grow further till USD 342.4 billion by 2032, at a CAGR of 34.7% during the forecast period.
Enhancing data security and privacy, interoperability, asset management, real-time analytics, and many other services are among these. To secure vital machine connectivity, telcos are primarily offering IoT telecom services for their business clients.
Security can be a serious worry when expensive equipment is used in remote areas. In addition, additional resources, including fuel and batteries, are used to power the machinery in far-off places. For telecom organisations, equipment and consumable resource theft can be expensive. Therefore, telecom businesses need to make sure that efficient security protocols are put in place. IoT-powered smart cameras can be installed at remote sites by telecom firms. Smart cameras have the ability to spot on-site tampering and instantly notify the necessary authorities. Beacons and RFID badges can also be used by telecom firms to secure the perimeter and prevent unwanted access. This technique can be used by telecom firms to set up a geofence for their IoT devices. A geofence will make it easier to build an IoT-enabled barrier that only enables authorised people to pass through. As a result, the use of IoT in telecom firms can facilitate the creation of security standards that are more effective.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global IoT Telecom Services Market Segmental Overview
The global IoT telecom services market is segmented into connectivity, network management solution, service type, application, and region.
Global IoT Telecom Services Market by Connectivity
Based on connectivity, it is segmented into cellular technology, LPWAN, NB-IoT, and RF-based. The cellular technology segment is anticipated to dominate the market during the forecast period. Similarly, RF-based segment is anticipated to witness the fastest growth during the forecast period.
Global IoT Telecom Services Market by Network Management Solution
Based on network management solution, it is segmented into network performance monitoring & optimization, network traffic management, and network security management. The network performance monitoring & optimization segment is anticipated to dominate the market during the forecast period. Similarly, network traffic management segment is anticipated to witness the fastest growth during the forecast period.
Global IoT Telecom Services Market by Service Type
Based on service type, it is segmented into business consulting services, installation & integration services, devices & application management solution, IoT billing & subscription management, M2M billing management. The business consulting services segment is anticipated to dominate the market during the forecast period. Similarly, installation & integration services segment is anticipated to witness the fastest growth during the forecast period.
Global IoT Telecom Services Market by Application
Based on the application, it is segmented into smart building & home automation, capillary network management, industrial manufacturing & automation, vehicle telematics, energy & utilities, and smart healthcare. The smart building & home automation segment is anticipated to dominate the market during the forecast period. Similarly, the vehicle telematics segment is anticipated to witness the fastest growth during the forecast period.
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Major Players in the Global IoT Telecom Services Market
The key players studied in the report are T-Mobile, Sierra Wireless, LM Ericsson Telephone Company, Vodafone Idea Ltd, TELUS Corporation, MediaTek Inc, telstra, Orange, Sequans Communications, and puresoftware ltd. among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2024 – US$ 17.4 Billion
- Market Size in 2033 – US$342.2 Billion
- CAGR – 7%
- Historic Period – 2015-2022
- Forecast Period – 2024-2033
- Base Year – 2024
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