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Canada Iot Telecom Services Market

ID: MRFR/ICT/59248-HCR
200 Pages
Aarti Dhapte
October 2025

Canada IoT Telecom Services Market Size, Share and Trends Analysis Report By Component (Connectivity Technology, Network Management Solution, Services), By Service Type (Device And Application Management, Business Consulting Services, IOT Billing And Subscription, Installation And Integration Services, M2M Billing Services), and By Application (Smart Buildings, Automation, Capillary Network Management, Vehicle Telematics, Energy And Utilities, Smart Healthcare, Others)- Forecast to 2035

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Canada Iot Telecom Services Market Summary

As per Market Research Future analysis, the IoT Telecom-Services Market Size was estimated at 2513.34 USD Million in 2024. The iot telecom-services market is projected to grow from 2763.92 USD Million in 2025 to 7150.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 9.9% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Canada IoT telecom-services market is poised for substantial growth driven by technological advancements and increasing demand for smart solutions.

  • The market experiences increased adoption of smart devices, particularly in urban areas.
  • Data security remains a critical focus as more devices connect to networks.
  • Regulatory support for innovation fosters a conducive environment for market expansion.
  • Key drivers include the expansion of 5G infrastructure and rising demand for smart agriculture solutions.

Market Size & Forecast

2024 Market Size 2513.34 (USD Million)
2035 Market Size 7150.0 (USD Million)
CAGR (2025 - 2035) 9.97%

Major Players

AT&T (US), Verizon (US), Vodafone (GB), Deutsche Telekom (DE), Orange (FR), Telefónica (ES), China Mobile (CN), NTT Group (JP), T-Mobile (US)

Canada Iot Telecom Services Market Trends

The iot telecom-services market is currently experiencing a transformative phase, driven by advancements in technology and increasing demand for connectivity. As industries adopt IoT solutions, the need for robust telecom infrastructure becomes paramount. This market is characterized by a growing emphasis on data security and privacy, as organizations seek to protect sensitive information transmitted over networks. Furthermore, the integration of artificial intelligence and machine learning into IoT applications is enhancing operational efficiency and enabling predictive analytics, which could lead to more informed decision-making processes. In addition, the regulatory landscape is evolving, with government initiatives aimed at fostering innovation and ensuring compliance with standards. This regulatory support may encourage investment in the iot telecom-services market, as businesses look to leverage new opportunities. The focus on sustainability is also notable, as companies strive to reduce their carbon footprint through energy-efficient IoT solutions. Overall, the iot telecom-services market appears poised for growth, with various factors contributing to its expansion and evolution.

Increased Adoption of Smart Devices

The trend towards the adoption of smart devices is reshaping the iot telecom-services market. As consumers and businesses increasingly integrate smart technologies into their daily operations, the demand for reliable connectivity solutions rises. This shift is likely to drive telecom providers to enhance their infrastructure to support a growing number of connected devices.

Focus on Data Security

Data security remains a critical concern within the iot telecom-services market. As more devices connect to networks, the potential for data breaches increases. Consequently, telecom companies are prioritizing the implementation of advanced security measures to protect user data and maintain trust among consumers.

Regulatory Support for Innovation

Regulatory frameworks are evolving to support innovation in the iot telecom-services market. Government initiatives aimed at promoting technological advancements and ensuring compliance with industry standards may create a conducive environment for growth. This support could encourage investment and foster the development of new services.

Canada Iot Telecom Services Market Drivers

Expansion of 5G Infrastructure

The rollout of 5G technology in Canada is a pivotal driver for the iot telecom-services market. Enhanced connectivity and reduced latency are expected to facilitate the deployment of IoT applications across various sectors, including healthcare, agriculture, and smart cities. As of November 2025, it is estimated that 5G networks will cover approximately 80% of urban areas, significantly improving data transmission speeds. This infrastructure expansion is likely to attract investments, with projections indicating that the Canadian telecom sector could see an influx of $10 billion in capital expenditures over the next five years. The increased capacity and reliability of 5G networks will enable more devices to connect simultaneously, thereby fostering innovation and growth within the iot telecom-services market.

Integration of AI and Machine Learning

The integration of artificial intelligence (AI) and machine learning into IoT applications is transforming the iot telecom-services market in Canada. These technologies enable advanced data analytics, predictive maintenance, and automation, which are essential for optimizing operations across various industries. As of November 2025, it is estimated that AI-driven IoT solutions could reduce operational costs by up to 30% for businesses. This trend is particularly evident in sectors such as manufacturing and logistics, where real-time data analysis can lead to significant efficiency gains. Consequently, telecom providers are likely to invest in AI capabilities to enhance their service offerings, thereby driving further growth in the iot telecom-services market.

Government Initiatives for Smart Cities

Canadian government initiatives aimed at developing smart cities are significantly influencing the iot telecom-services market. These initiatives focus on improving urban infrastructure through the integration of IoT technologies, which enhance public services, transportation, and energy management. As of November 2025, several cities have launched pilot projects that utilize IoT solutions for traffic management and waste reduction. The federal government has committed over $1 billion to support these smart city projects, indicating a strong commitment to innovation. This funding is expected to stimulate the demand for telecom services that can support the necessary connectivity and data management, thereby propelling the growth of the iot telecom-services market.

Rising Demand for Smart Agriculture Solutions

The agricultural sector in Canada is increasingly adopting IoT solutions to enhance productivity and sustainability. The iot telecom-services market is benefiting from this trend, as farmers seek to leverage technology for precision farming, crop monitoring, and resource management. Reports suggest that the adoption of IoT in agriculture could lead to a 20% increase in crop yields by 2027. This demand is driven by the need for efficient water usage and soil management, which are critical in the face of climate change. As a result, telecom service providers are likely to develop tailored solutions that cater specifically to the agricultural industry, further propelling the growth of the iot telecom-services market.

Increased Focus on Environmental Sustainability

The growing emphasis on environmental sustainability in Canada is driving the adoption of IoT solutions within the iot telecom-services market. Businesses and consumers alike are becoming more aware of their environmental impact, leading to a demand for smart technologies that promote energy efficiency and resource conservation. For instance, IoT applications in energy management can reduce energy consumption by up to 25%, which is appealing to both residential and commercial users. This trend is likely to encourage telecom providers to develop eco-friendly solutions that align with sustainability goals, thereby enhancing their market position. As a result, the iot telecom-services market is expected to experience robust growth as organizations seek to implement sustainable practices.

Market Segment Insights

By Service Type: Device and application management (Largest) vs. IoT billing and subscription (Fastest-Growing)

In the Canada iot telecom-services market, the service type segment is diverse, with device and application management holding the largest share due to increasing demand for sophisticated IoT solutions. Business consulting services and installation and integration services follow closely, supported by businesses seeking seamless IoT integration. M2M billing services and other ancillary services also contribute, though they represent smaller segments of the market. Growth trends indicate a surge in IoT billing and subscription services, fueled by the rapid adoption of IoT technologies across various industries. Factors driving growth include the need for efficient management of IoT devices and applications, alongside a rise in demand for subscription-based models. As businesses look for cost-effective solutions, service providers are innovating to meet evolving market needs.

Device and application management (Dominant) vs. IoT billing and subscription (Emerging)

Device and application management is positioned as the dominant service in the Canada iot telecom-services market, reflecting its importance in managing a vast array of IoT devices effectively. This service enables organizations to maintain control over their device ecosystem, ensuring smooth operational efficiency. On the other hand, IoT billing and subscription services represent an emerging trend, quickly gaining traction as businesses increasingly shift towards subscription models. This shift helps organizations manage costs associated with IoT deployments. Both segments are crucial for driving overall market growth, responding to the need for detailed analytics in device performance and cost efficiency in service delivery.

By Component Type: Connectivity Technology (Largest) vs. Network Management Solutions (Fastest-Growing)

In the Canada iot telecom-services market, the segment distribution reveals that Connectivity Technology holds the largest market share, driven by the increasing demand for reliable and high-speed internet connectivity solutions. Following closely, Network Management Solutions are gaining traction, showcasing dynamic growth due to the rising complexities of network operations and the need for efficient management tools. Services also play a significant role, supporting these technologies with essential offerings that enhance customer experience. Growth trends in this segment are largely influenced by advancements in IoT applications and the urgency for optimized network performance. As industries adopt IoT solutions, the demand for robust Connectivity Technology continues to surge. Simultaneously, the adoption of Network Management Solutions is being propelled by the rise of smart devices and the expansion of connected infrastructure, making them vital for organizations aiming to maintain operational efficiency and reliability.

Connectivity Technology: Dominant vs. Network Management Solutions: Emerging

In the Canada iot telecom-services market, Connectivity Technology is positioned as the dominant force, providing essential infrastructure for a range of IoT applications. It facilitates seamless communication between devices, ensuring high-speed data transfer critical for real-time operations. As companies integrate more connected technology into their processes, this segment solidifies its leadership. Conversely, Network Management Solutions represent an emerging category, addressing the growing challenges of network complexity. As reliance on interconnected devices increases, these solutions are becoming indispensable for performance monitoring and optimization, promising rapid growth as businesses seek to leverage IoT benefits without compromising on efficiency.

By Application: Smart buildings (Largest) vs. Smart healthcare (Fastest-Growing)

In the Canada iot telecom-services market, the application segment reveals a dynamic landscape, with smart buildings leading the charge as the largest sector. This segment is characterized by the integration of IoT solutions to enhance energy efficiency, security, and operational management in residential and commercial buildings. Following closely is the smart healthcare sector, which is experiencing rapid growth driven by increased demand for telehealth services and remote monitoring solutions. The growth trends within this segment are primarily fueled by advancements in technology and a heightened focus on sustainability and efficiency. Smart buildings leverage IoT for energy optimization, while smart healthcare benefits from innovations in telemedicine and wearable health devices. Emerging applications such as vehicle telematics and automation are also contributing to the evolution of the market, indicating a shift towards more integrated and connected solutions across various sectors.

Smart buildings (Dominant) vs. Smart healthcare (Emerging)

Smart buildings represent a dominant force within the Canada iot telecom-services market, as they incorporate a variety of IoT technologies to transform how spaces are utilized and managed. These buildings utilize sensors and automation to enhance energy efficiency and improve occupant comfort, driving significant demand in commercial and residential sectors. In contrast, the smart healthcare segment is emerging swiftly, fueled by the urgent necessity for innovative solutions to manage health care delivery effectively. Telehealth platforms and remote patient monitoring systems are gaining traction, enabling healthcare providers to offer efficient care while ensuring patient safety. The overall integration of IoT in both sectors highlights their distinct yet interlinked roles in the broader landscape of connectivity and transformation.

Get more detailed insights about Canada Iot Telecom Services Market

Key Players and Competitive Insights

The iot telecom-services market in Canada is characterized by a dynamic competitive landscape, driven by rapid technological advancements and increasing demand for connectivity solutions across various sectors. Key players such as AT&T (US), Verizon (US), and Vodafone (GB) are strategically positioning themselves through innovation and partnerships to enhance their service offerings. These companies are focusing on expanding their IoT ecosystems, which includes developing advanced connectivity solutions and integrating AI technologies to optimize operations. This collective emphasis on innovation and strategic partnerships is shaping a competitive environment that is increasingly focused on delivering value-added services to customers.

In terms of business tactics, companies are localizing their operations and optimizing supply chains to better serve the Canadian market. The competitive structure appears moderately fragmented, with several players vying for market share while also collaborating on various initiatives. This fragmentation allows for a diverse range of services and solutions, catering to the unique needs of different industries, from agriculture to healthcare.

In October 2025, Verizon (US) announced a significant partnership with a leading Canadian agricultural technology firm to enhance IoT solutions for precision farming. This collaboration aims to leverage advanced data analytics and connectivity to improve crop yields and resource management. The strategic importance of this partnership lies in its potential to position Verizon as a leader in the agricultural IoT sector, tapping into a growing market that demands innovative solutions for sustainability and efficiency.

In September 2025, Vodafone (GB) launched a new IoT platform specifically designed for smart city applications in Canada. This platform integrates various technologies, including AI and machine learning, to facilitate real-time data analysis and decision-making for urban management. The launch signifies Vodafone's commitment to expanding its footprint in the smart city domain, which is increasingly becoming a focal point for urban planners and local governments.

In November 2025, AT&T (US) unveiled a new initiative aimed at enhancing cybersecurity measures for its IoT services in Canada. This initiative includes the deployment of advanced encryption technologies and threat detection systems to safeguard connected devices. The strategic relevance of this move is underscored by the growing concerns over cybersecurity in IoT deployments, positioning AT&T as a trusted provider in a market where security is paramount.

As of November 2025, current competitive trends in the iot telecom-services market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to deliver comprehensive solutions. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that companies that prioritize these areas will be better positioned to capture market share and drive growth in the coming years.

Key Companies in the Canada Iot Telecom Services Market market include

Industry Developments

In order to automate workflow, provisioning, and customer support operations in corporate markets, Bell Canada and ServiceNow announced in November 2023 that they would be deploying ServiceNow's ServiceBridge for enterprise telecom clients. Bell unveiled an AI-powered Network Operations (AI-Ops) solution in February 2025.

It was developed on Google Cloud and integrated BigQuery and Gemini models for proactive detection, automated problem solving, and productivity increases in network management of up to 75%. According to Canada's telecom commission, consumer complaints increased by 38% year over year in January 2025, with Rogers topping the increase.

This highlights customer experience issues in the face of swift digital service improvements. With the help of Samsung infrastructure, SaskTel upgraded more than half of its network footprint in June 2024 and extended its 5G network throughout rural and Indigenous communities, allowing for the spread of IoT in previously underserved areas.

In an action that could have an impact on IoT connectivity regulations and the dynamics of the competitive environment, Quebecor started arbitration proceedings in February 2024 to get access to Telus' network for MVNO services.

In the meantime, Sierra Wireless maintained its position as a major enabler of device integration by continuing to provide Canadian businesses with managed connection services, edge-to-cloud IoT gateways, and embedded modules.

In order to enable IoT-driven communication infrastructure and managed services across Canada, Bell, Rogers, Telus, Quebecor/Videotron, SaskTel, and Sierra Wireless cooperate and compete, as these developments illustrate.

Canada IoT

Future Outlook

Canada Iot Telecom Services Market Future Outlook

The IoT Telecom Services Market is projected to grow at a 9.97% CAGR from 2024 to 2035, driven by advancements in connectivity, increased device adoption, and demand for smart solutions.

New opportunities lie in:

  • Development of smart agriculture solutions leveraging IoT connectivity.
  • Expansion of telehealth services through IoT-enabled devices.
  • Implementation of smart city infrastructure utilizing IoT telecom services.

By 2035, the market is expected to be robust, driven by innovative applications and widespread adoption.

Market Segmentation

Canada Iot Telecom Services Market Application Outlook

  • Smart buildings
  • Automation
  • Capillary network management
  • Vehicle telematics
  • Energy and utilities
  • Smart healthcare
  • Others

Canada Iot Telecom Services Market Service Type Outlook

  • Device and application management
  • Business consulting services
  • IoT billing and subscription
  • Installation and integration services
  • M2M billing services
  • Others

Canada Iot Telecom Services Market Component Type Outlook

  • Connectivity Technology
  • Network Management Solutions
  • Services

Report Scope

MARKET SIZE 2024 2513.34(USD Million)
MARKET SIZE 2025 2763.92(USD Million)
MARKET SIZE 2035 7150.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 9.97% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled AT&T (US), Verizon (US), Vodafone (GB), Deutsche Telekom (DE), Orange (FR), Telefónica (ES), China Mobile (CN), NTT Group (JP), T-Mobile (US)
Segments Covered Service Type, Component Type, Application
Key Market Opportunities Expansion of smart city initiatives drives demand for innovative IoT telecom-services solutions.
Key Market Dynamics Growing demand for IoT connectivity drives competition among telecom providers in Canada, influencing service offerings and pricing.
Countries Covered Canada

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FAQs

What is the projected market size of the Canada IoT Telecom Services Market in 2024?

The Canada IoT Telecom Services Market is projected to be valued at 1.89 USD Billion in 2024.

What is the expected market size of the Canada IoT Telecom Services Market by 2035?

By 2035, the Canada IoT Telecom Services Market is expected to reach a valuation of 7.81 USD Billion.

What is the Compound Annual Growth Rate (CAGR) for the Canada IoT Telecom Services Market from 2025 to 2035?

The expected CAGR for the Canada IoT Telecom Services Market from 2025 to 2035 is 13.784%.

Who are the key players in the Canada IoT Telecom Services Market?

Major players in the market include TeraGo, Quebecor, Telus, and Bell Canada among others.

What is the expected market value of the Connectivity Technology segment in 2035?

The Connectivity Technology segment is projected to be valued at 3.41 USD Billion by 2035.

What is the growth rate for the Network Management Solution segment from 2025 to 2035?

The Network Management Solution segment is anticipated to experience significant growth during the 2025 to 2035 period.

What is the projected value of Services in the Canada IoT Telecom Services Market in 2035?

The Services component is expected to be valued at approximately 2.17 USD Billion in 2035.

What opportunities exist for growth in the Canada IoT Telecom Services Market?

The market presents numerous opportunities driven by increasing demand for IoT solutions and enhanced connectivity.

How does the competitive landscape look in the Canada IoT Telecom Services Market?

The competitive landscape is characterized by multiple strong players striving for market share and innovation.

What are the key drivers of growth in the Canada IoT Telecom Services Market?

Key growth drivers include expanding IoT applications, technological advancements, and increased investment in telecom infrastructure.

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