Global IoT Telecom Services Market 2025–2034

Reports Description

According to Custom Market Insights (CMI), The Global IoT Telecom Services Market size was estimated at USD 13.10 billion in 2021 and is expected to reach USD 25.52 billion in 2022 and is expected to hit around USD 127 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 37.10% from 2022 to 2030.

Our recently published report, “IoT Telecom Services Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis. 

IoT Telecom Services Market: Overview

Implementing intelligent connection technologies across networks and business processes is made possible by the Internet of Things (IoT) telecom services offered by telecom firms to their commercial clients. Among these are enhancing data security and privacy, interoperability, asset management, real-time analytics, and many more services. To secure vital machine connectivity, telcos primarily offer IoT telecom services for their business clients. Emerging applications including intelligent buildings, industrial automation, and vehicle telematics, will propel the growth of IoT telecom services even further throughout the forecast period.

IoT telecom services address the urgent demand for constant connectivity and sophisticated network surveillance. The technologies employed in loT telecom services have advanced dramatically in recent years, moving from basic cellular technology to complex narrowband IoT (NB-IoT) connections. The advent of new technologies like NB-IoT and RF has excellent potential for applications in smart homes and cities, and it is also driving up demand for loT telecom services.

IoT Telecom Services Market: COVID–19 Impact Analysis

Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created some difficulties. The global effects of COVID-19 are having a significant influence on the Telecom sub-sector. People spend more time at home for work and recreation and consume significantly more data as more countries set restrictions on travel. In addition to looking at how COVID-19 would affect their planned investments, notably in 5G, telecom companies are looking to increase network resilience. Customers will benefit from the changes that telecommunications providers make since they need networking services more than ever. Some countries are using data as a tool to track and manage the virus’s spread.

IoT Telecom Services Market: Growth Drivers

IoT usage in the telecom sector is anticipated to increase due to increased innovation and technical advancement.

Over time, there has been a noticeable demand for better connections due to technical development and expanding inventiveness. This is anticipated to accelerate IoT adoption in the telecom industry and foster market expansion. The need for technology that can enhance data management will also increase along with the amount of telecommunications-related data.

An increase in telco adoption, the penetration of intelligent connected devices, the necessity for network bandwidth control, and the automation of communication processes are expected to boost the market for IoT telecom services. Additionally, throughout the projection period, the growth of next-generation wireless networks, the adoption of intelligent technologies, and distributed applications are all expected to offer the telecom IoT market tremendous potential.

The market will grow as more IoT-powered intelligent cameras are used for security.

Security may be a severe worry when expensive equipment is used in remote areas. In addition, additional resources, including gasoline and batteries, are used to power the machinery in far-off places. For telecom organizations, equipment and consumable resource theft may be expensive. Therefore, telecom businesses need to ensure that efficient security mechanisms are implemented. IoT-powered intelligent cameras can be installed at remote sites by telecom firms. Smart cameras can spot on-site tampering and instantly notify the necessary authorities.

Telecom firms can also use beacons and RFID badges to safeguard the perimeter and prevent unwanted entry. Telecom firms may use this technique to set up a geofence for their IoT devices. An integrated barrier with IoT devices that only permits authorized people to access may be built with the help of a geofence. IoT in telecom firms may help execute more effective security standards.

IoT Telecom Services Market: Segmentation Analysis

The market for IoT Telecom Services is segmented into connectivity and network management solution. Based on connectivity, the need for the Narrow Band-IoT segment is estimated to lead the market during the forecast period. Narrowband-IoT is a narrowband radio technology for Internet of Things (IoT) and M2M devices and applications that demand wireless communication over a more extended range at a cheap cost and with little power consumption for extended battery life.

The NB-IoT connectivity technology segment of the market is anticipated to expand at the quickest rate during the projected period due to the development of low-power, high-range wireless communication technologies. In addition, the use of intelligent technologies for traffic and logistics management will likely cause the market for transportation, logistics monitoring, and traffic management applications to expand at the quickest rate during the forecast period.

By network management solution the network security management solutions segment is anticipated to dominate the market during the forecast period. Network security management solutions, which safeguard data and resources in a network by leveraging firewalls and other IoT-enabled security solutions for efficient network management, are anticipated to expand at the highest CAGR rate throughout the projection period. Using network security management, a network administrator may control a network with both physical and virtual firewalls from a single location.

Administrators need network security solutions to observe firewall traffic, create reports, enforce global policies, automate device configuration, enforce network behavior visibility, and offer a uniform management interface for physical and virtual systems. In addition, the generation of data for assets, firewalls, applications, ports, protocols, VPNs, NATs, security rules, vendor devices, and support (asset classifications and groupings) is provided by network security management, which also gives total network visibility.

Report Scope

Key Insights: 

• Based on connectivity segmentation, the NB-IoT segment is estimated to hold the largest market share during the forecast period.
• Based on network management solution segmentation, the network security management segment is the leading revenue-generating category during the forecast period.
• Based on geography/region, the North American area was the leading revenue generator in 2021.

Recent Development

• May 2021: To better service, the expanding worldwide IoT industry alongside its current global mobile virtual network enabler (MVNE) and travel SIM business, Manx Telecom, a mobile network operator (MNO), relaunched its Global Solutions branch under a new name, OV.
• April 2021: For businesses to connect and manage billions of devices and apps, Bharti Airtel Ltd. announced its internet of things (IoT) platform.

Regional Landscape

Throughout the projection period, North America is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. The expansion of IoT telecom services in this area is fueled by the increased usage of intelligent connected devices and technologies and telcos’ promotion of OTT apps.

In addition, the market in North America is anticipated to dominate throughout the projected period due to the region’s growing use of cloud-based technologies. Furthermore, one of the primary drivers expected to propel market expansion during the projected period is increasing expenditure by telecom service providers on IoT adoption in this area.

A profitable regional market is anticipated to develop in the Asia Pacific throughout the forecast period due to increased government expenditure on intelligent city programs in nations like China and India. In addition, over the next eight years, telecom service providers are also projected to increase their investments, spurring industry growth.

Competitive Landscape

Our report offers quantitative and qualitative insights into the WebRTC market and significant development initiatives the key players adopt. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments. 

Prominent Players:

• AT&T Inc.
• Ericsson
• Deutsche Telekom AG
• SAP SE
• Singapore Telecommunications Ltd.
• Softbank Group Corp.
• Telefonica SA
• T-Mobile USA Inc.
• Verizon Communications Inc.
• Vodafone Group PLC
• Huawei Technologies Co. Ltd.
• Sprint Corporation (U.S.)
• Entrust Datacard Corp.
• HARMAN International Industries Inc.
• IBM Corp.
• Modius Inc.
• Nippon Telegraph & Telephone Corp.
• Panorama Software

The global IoT telecom services market is segmented as follows:

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

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America