What is IoT Telecom Services Market?
Telecoms use the IoT for delivering products and services that provides additional value to existing network. They use separate networks for IoT platforms which can be used as foundation for developers and businesses. There are two protocol technologies which telecoms use to connect IoT devices to their networks that are LTE-M and narrow band IoT (NB-IoT). These protocols have low-bandwidth, low-power, low-cost, and optimised for connecting IoT devices to cellular networks. Moreover, various telecoms which support and use IoT devices have roaming capabilities where devices can connect to a cellular network.
The market study is being classified, by Application (Smart Building and Home Automation, Capillary Networks Management, Industrial Manufacturing and Automation, Vehicle Telematics, Transportation, Energy and Utilities and Smart Healthcare) and major geographies with country level break-up.
AT&T, Inc. (United States), Deutsche Telekom AG (Germany), Huawei Technologies Co., Ltd (China), Ericsson (Sweden), Verizon Communications, Inc. (United States), Aeris (United States), China Mobile Ltd. (China), Vodafone Group PLC. (United Kingdom), T-Mobile USA, Inc. (United States) and Sprint Corporation (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Swisscom AG (Switzerland).
The market of IoT telecom services is fragmented as it consists of major as well as emerging players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global IoT Telecom Services market throughout the predicted period.
Analyst at AMA have segmented the market study of Global IoT Telecom Services market by Type, Application and Region.
On the basis of geography, the market of IoT Telecom Services 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Penetration of Smart Connected Devices and Internet
- Growing Need for Smart Network Bandwidth Management in Communications
- Rising Adoption of Telco Cloud
- Emerging Low-Power High-Range NB-IoT Technology which Empowers Telecom Operators
- Privacy and Data Security Concerns
- Increasing Adoption of Smart Technology and Distributed Applications
- Evolution of Wireless Networks
- Issues in Interoperability and Data Management
Market Leaders and some development strategies
On 4th June 2019, Huawei has completed the acquisition of Vokord which is Moscow based tech security company.
On 12th December 2019, Nokia has signed an agreement with TIM for providing Internet of Things services to customers in Brazil. This acquisition will help to capture IoT opportunities more faster and securely
Key Target AudienceTelecom service provider, IoT device manufacturers, Government associations, Research organizations and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the IoT Telecom Services Market?
"Increasing Penetration of Smart Connected Devices and Internet
" is seen as one of major growth factors of IoT Telecom Services Market in years to come.
2. Can we have customized study for IoT Telecom Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.