IoT Telecom Services Market Size, Trends and Insights 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), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- AT&T Inc.
- Ericsson
- Deutsche Telekom AG
- SAP SE
- Others
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
| Feature of the Report | Details |
| Market Size in 2021 | USD 13.10 Billion |
| Projected Market Size in 2030 | USD 127 Billion |
| Market Size in 2022 | USD 25.52 Billion |
| CAGR Growth Rate | 37.10% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| 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, and Others |
| Key Segment | By Connectivity, Network Management Solutions, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global IoT Telecom Services Market, (2022 – 2030) (USD Billion)
- 2.2 Global IoT Telecom Services Market : snapshot
- Chapter 3. Global IoT Telecom Services Market – Industry Analysis
- 3.1 IoT Telecom Services Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increased innovation and technical advancement
- 3.2.2 IoT-powered smart cameras are used for security.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Connectivity
- 3.7.2 Market attractiveness analysis By Network Management Solution
- Chapter 4. Global IoT Telecom Services Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global IoT Telecom Services Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global IoT Telecom Services Market – Connectivity Analysis
- 5.1 Global IoT Telecom Services Market overview: By Connectivity
- 5.1.1 Global IoT Telecom Services Market share, By Connectivity, 2021 and 2030
- 5.2 Cellular Technologies
- 5.2.1 Global IoT Telecom Services Market by Cellular Technologies, 2022 – 2030 (USD Billion)
- 5.3 LPWAN
- 5.3.1 Global IoT Telecom Services Market by LPWAN, 2022 – 2030 (USD Billion)
- 5.4 NB-IoT
- 5.4.1 Global IoT Telecom Services Market by NB-IoT, 2022 – 2030 (USD Billion)
- 5.5 Radio Frequency-Based
- 5.5.1 Global IoT Telecom Services Market by Radio Frequency-Based, 2022 – 2030 (USD Billion)
- 5.1 Global IoT Telecom Services Market overview: By Connectivity
- Chapter 6. Global IoT Telecom Services Market – Network Management Solution Analysis
- 6.1 Global IoT Telecom Services Market overview: By Network Management Solution
- 6.1.1 Global IoT Telecom Services Market share, By Network Management Solution, 2021 and 2030
- 6.2 Network Performance Monitoring and Optimization
- 6.2.1 Global IoT Telecom Services Market by Network Performance Monitoring and Optimization, 2022 – 2030 (USD Billion)
- 6.3 Network Traffic Management
- 6.3.1 Global IoT Telecom Services Market by Network Traffic Management, 2022 – 2030 (USD Billion)
- 6.4 Network Security Management
- 6.4.1 Global IoT Telecom Services Market by Network Security Management, 2022 – 2030 (USD Billion)
- 6.1 Global IoT Telecom Services Market overview: By Network Management Solution
- Chapter 7. IoT Telecom Services Market – Regional Analysis
- 7.1 Global IoT Telecom Services Market Regional Overview
- 7.2 Global IoT Telecom Services Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America IoT Telecom Services Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.4 North America IoT Telecom Services Market, by Connectivity, 2022 – 2030
- 7.4.1 North America IoT Telecom Services Market, by Connectivity, 2022 – 2030 (USD Billion)
- 7.5 North America IoT Telecom Services Market, by Network Management Solution, 2022 – 2030
- 7.5.1 North America IoT Telecom Services Market, by Network Management Solution, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe IoT Telecom Services Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.7 Europe IoT Telecom Services Market, by Connectivity, 2022 – 2030
- 7.7.1 Europe IoT Telecom Services Market, by Connectivity, 2022 – 2030 (USD Billion)
- 7.8 Europe IoT Telecom Services Market, by Network Management Solution, 2022 – 2030
- 7.8.1 Europe IoT Telecom Services Market, by Network Management Solution, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific IoT Telecom Services Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific IoT Telecom Services Market, by Connectivity, 2022 – 2030
- 7.10.1 Asia Pacific IoT Telecom Services Market, by Connectivity, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific IoT Telecom Services Market, by Network Management Solution, 2022 – 2030
- 7.11.1 Asia Pacific IoT Telecom Services Market, by Network Management Solution, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America IoT Telecom Services Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America IoT Telecom Services Market, by Connectivity, 2022 – 2030
- 7.13.1 Latin America IoT Telecom Services Market, by Connectivity, 2022 – 2030 (USD Billion)
- 7.14 Latin America IoT Telecom Services Market, by Network Management Solution, 2022 – 2030
- 7.14.1 Latin America IoT Telecom Services Market, by Network Management Solution, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa IoT Telecom Services Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa IoT Telecom Services Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa IoT Telecom Services Market, by Connectivity, 2022 – 2030
- 7.16.1 The Middle-East and Africa IoT Telecom Services Market, by Connectivity, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa IoT Telecom Services Market, by Network Management Solution, 2022 – 2030
- 7.17.1 The Middle-East and Africa IoT Telecom Services Market, by Network Management Solution, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 AT&T Inc.
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Ericsson
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Deutsche Telekom AG
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 SAP SE
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Singapore Telecommunications Ltd.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Softbank Group Corp.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Telefonica SA
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 T-Mobile USA Inc.
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Verizon Communications Inc.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Vodafone Group PLC
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Huawei Technologies Co. Ltd.
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Sprint Corporation (U.S.)
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Entrust Datacard Corp.
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 HARMAN International Industries Inc.
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 IBM Corp.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 Modius Inc.
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Nippon Telegraph & Telephone Corp.
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 Panorama Software
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.1 AT&T Inc.
List Of Figures
Figures No 1 to 21
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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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
- Others
FAQs
“North America” region will lead the global IoT Telecom Services market during the forecast period 2022 to 2030.
The key factors driving the market are increased innovation and technical advancement & IoT-powered smart cameras are used for security.
The key players operating in the IoT Telecom Services market are 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 expanding growth with a CAGR of approximately XX% during the forecast period (2022 to 2030).
The global IoT Telecom Services market size was valued at USD (year from) in 2021 and it is projected to reach around USD (yearto) by 2030.