[162 Pages Report] The IoT telecom services market estimated to grow from USD 2.90 Billion in 2016 to USD 17.67 Billion by 2021, at a CAGR of 43.6% from 2016 to 2021.

Objectives of the study:

The main objective of this report is to define, describe, and forecast the global IoT telecom services market on the basis of components which includes connectivity technologies, network management solutions, and associated services, along with application areas, and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, Mergers and Acquisitions (M&A), new product developments, and Research & Development (R&D) activities in the market.

The research methodology used to estimate and forecast the IoT telecom services market begins with collection and analysis of data on key vendor revenues through secondary research such as annual reports and press releases, investor presentations of companies, conferences and associations such as Mobile World Congress, IoTA, IoT Global Council, M2M World Conference, white papers, technology journals including SDx Central, IoT Evolution, and IoT-now, certified publications, and articles from recognized authors, directories, and databases. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the global market from the revenue of the key IoT telecom service providers and network-as-a-service providers in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

To know about the assumptions considered for the study, download the pdf brochure

The IoT telecom services market ecosystem comprises vendors providing IoT telecom services and applications to offer enhanced connectivity solutions to millions of IoT enabled devices. Companies such as AT&T, Inc. (U.S.), Ericsson (Sweden), Verizon Communications, Inc. (U.S.), Deutsche Telekom AG (Germany), Huawei Technologies Co., Ltd. (China), Sprint Corporation (U.S.), and many others have adopted new product launches as their key strategy to enhance their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players.

Key Target Audience

Network-as-a-service providers

Telecommunications service providers

IoT application vendors

Embedded systems vendors

Third party system integrators

IoT and M2M platform vendors

Communication service providers

Network infrastructure providers

�Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments�.

Scope of the Report

The research report segments the IoT telecom services market into the following submarkets:

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

By Region:

North America

Europe

Asia-Pacific (APAC)

Middle East and Africa (MEA)

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company�s specific needs. The following customization options are available for the report:

Geographic Analysis

Further breakdown of the Europe IoT telecom services market

Further breakdown of the APAC market

Company Information

Detailed analysis and profiling of additional market players

MarketsandMarkets forecasts the IoT telecom services market size to grow from USD 2.90 Billion in 2016 to USD 17.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 43.6%.

The Internet of Things (IoT) telecom services is a set of services offered by the telecom firms to their commercial clients to ensure easy deployment of smart connectivity technologies to their networks and business processes and offers enhanced data security and privacy, interoperability, asset management, real-time analytics, and many others. IoT telecom services primarily are being deployed by telcos for their commercial clients to ensure critical machine centric connectivity. The critical need for continuous connectivity and smart monitoring of network are majorly addressed by IoT telecom services.

The scope of this report covers the IoT telecom services market by component, connectivity technology, service, application, and region. The M2M billing services segment is expected to dominate the market, at the highest CAGR during the forecast period due to the need for tracking and managing the billing and rating of NaaS subscription, offered by various telecom service providers in the IoT space.

The NB-IoT connectivity technology component of market is estimated to grow at the highest rate during the forecast period due to the emergence of low-power high-range wireless connectivity technologies. The market is also projected to grow at the highest rate in the transportation, logistics tracking, and traffic management application during the forecast period due to the adoption of smart technologies for managing traffic and logistics. Network security management solution is expected to grow at the highest rate during the forecast period as it secures the data and resources in a network by employing firewall and other IoT-enabled security solutions for effective network management.

North America is expected to account for the largest market share in the IoT telecom services market, followed by Europe in 2016. Due to rising adoption of smart connected devices and technologies and telcos promoting OTT applications are the factors increasing the adoption of IoT telecom services.

Lack of regulation for spectrum allocation is a major restraint to the growth of the market. The IoT telecom services market is highly fragmented wherein relationships with telecom service providers and IoT platform vendors can change regionally, thereby considerably impacting the relationships between IoT platform providers and Network-as-a Service providers.

There are several established players in this market such as AT&T, Inc. (U.S.), Ericsson (Sweden), Verizon Communications, Inc. (U.S.), Deutsche Telekom AG (Germany), Huawei Technologies Co., Ltd. (China), and others. To further strengthen their position in the market, the major vendors have opted to strengthen their product portfolio by launching new products and services.

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