IoT telecom services Market, by Component (Connectivity Technology, Network Management Solution, Services), by Connectivity Technology (Cellular Technologies, LPWAN, NB-IoT, Radio Frequency-Based), by Network management Solutions (Network Performance Monitoring and Network Optimization, Network Traffic Management), by Service Type (Business Consulting Services, Device and Application Management Services), by Application (Smart Buildings, Capillary Network Management) — Global Forecast till 2027
ID: MRFR/ICT/5768-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis
Global IoT telecom services market was valued at USD 3.45 billion in 2017 and is expected to reach USD 22.57 billion by the end of forecast period with a CAGR of 36.96%.
Increasing application of IoT telecom services in various industries due to need for enhanced connectivity will drive the demand during the forecast period. Emerging applications such as smart buildings, industrial automation, and vehicle telematics will further boost the growth of IoT telecom services during the forecast period. Moreover, low-power, wide-area (LPWAN) technologies are expected to replace short-range wireless and mobile WAN technologies including Bluetooth, Wi-Fi and Near Field Communication (NFC) which are used for short range. Some of the existing short range technologies are not compatible with IoT applications owing to reasons such as power consumptions levels, high costs and complex infrastructure. This is creating opportunities for LPWA technologies. Growing adoption of telco cloud is also expected to boost the demand for IoT telecom services market globally. However, factors such as lack of regulations for spectrum allocation and billing problems between OTT players and telecom operators can hamper the growth of IoT telecom services market.
Among the service type segments, M2M billing segment is the largest revenue generating segment and is expected to continue its dominance throughout the forecast period. M2M billing management services are used for tracking the usage of IoT services subscribed by M2M connected devices users. Among application segment, industrial automation is expected to grow at a significant CAGR during the forecast period.
Segmentation
By component, the market is segmented into connectivity technology, network management solution and services. By connectivity technology, the market is segmented into cellular technologies, Low-power Wide Area Network (LPWAN), narrowband-IoT (NB-IOT), radio frequency-based, others. By network management solution, the market is bifurcated into network performance monitoring and network optimization, network traffic management, network security management, and others. By services type, the market is segmented into Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, and M2M Billing Services. By application, the market is bifurcated into smart buildings, capillary network management, industrial automation, vehicle telematics, transportation and traffic management, energy and utilities, smart healthcare, and others.
Regional analysis
The global market for IoT telecom services is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of IoT telecom services market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the regions mentioned, North America dominated the IoT telecom services market in 2017. Growth of IoT in the US due to rapid adoption of connected devices and technologies is one of the major drivers contributing to the IoT telecom services market in North America. Europe was the second-largest market for IoT telecom services in 2017 and Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
The global IoT telecom services market was valued at USD 3.45 billion in 2017 and is expected to reach USD 22.57 billion by the end of forecast period with a CAGR of 36.96%.
Key players
The key players in the IoT telecom services market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are – AT&T, Inc. (US), Verizon Communications, Inc. (US), Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Sprint Corporation (US), Deutsche Telekom AG (Germany), Vodafone (UK), Aeris (France), and T-Mobile (US). These players contribute a major share in the growth of IoT telecom services market.
Apart from the top key players, there are other players that contribute to the market growth. These include China Mobile (China), China Telecom (China), Telia (Sweden) and Swisscom AG (Switzerland), and others.
Intended Audience
- Network-as-a-service providers
- Telecommunications service providers
- IoT application vendors
- Network infrastructure providers
- IoT and M2M platform vendors
- Embedded systems vendors
- Third party system integrators
- Communication service providers
Frequently Asked Questions (FAQ) :
The market recorded for the valuation of USD 3.45 billion in 2017.
The market will be expanding at a CAGR of 36.96% in the future.
The increasing application of IoT telecom services in various industries for enhanced connectivity is driving the market.
North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America) are the regions to be capitalizing the market the most at the global level.
Asia-Pacific will be expanding at the highest CAGR during the forecast period.
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power of Suppliers
4.2 Value Chain/Supply Chain of IoT Telecom Services
5 Market Landscape
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.1 Introduction
6.2 Growth Trends
6.3 Impact Analysis
7 IoT Telecom Services Market by Component
7.1 Introduction
7.2 Connectivity Technology
7.2.1 Market Estimates & Forecast, 2020-2027
7.2.2 Market Estimates & Forecast by Region, 2020-2027
7.3 Network Management Solution
7.3.1 Market Estimates & Forecast, 2020-2027
7.3.2 Market Estimates & Forecast by Region, 2020-2027
7.4 Services
7.4.1 Market Estimates & Forecast, 2020-2027
7.4.2 Market Estimates & Forecast by Region, 2020-2027
8 IoT Telecom Services Market by Connectivity Technology
8.1 Introduction
8.2 Cellular Technologies
8.2.1 Market Estimates & Forecast, 2020-2027
8.2.2 Market Estimates & Forecast by Region, 2020-2027
8.3 Low-Power Wide Area Network (LPWAN)
8.3.1 Market Estimates & Forecast, 2020-2027
8.3.2 Market Estimates & Forecast by Region, 2020-2027
8.4 Narrowband-IoT (NB-IoT)
8.4.1 Market Estimates & Forecast, 2020-2027
8.4.2 Market Estimates & Forecast by Region, 2020-2027
8.5 Radio Frequency-Based
8.5.1 Market Estimates & Forecast, 2020-2027
8.5.2 Market Estimates & Forecast by Region, 2020-2027
8.6 Others
8.6.1 Market Estimates & Forecast, 2020-2027
8.6.2 Market Estimates & Forecast by Region, 2020-2027
2 IoT Telecom Services Market by Network Management Solution
2.1 Introduction
2.2 Network Performance Monitoring and Network Optimization
2.2.1 Market Estimates & Forecast, 2020-2027
2.2.2 Market Estimates & Forecast by Region, 2020-2027
2.3 Network Traffic Management
2.3.1 Market Estimates & Forecast, 2020-2027
2.3.2 Market Estimates & Forecast by Region, 2020-2027
2.4 Network Security Management
2.4.1 Market Estimates & Forecast, 2020-2027
2.4.2 Market Estimates & Forecast by Region, 2020-2027
2.5 Others
2.5.1 Market Estimates & Forecast, 2020-2027
2.5.2 Market Estimates & Forecast by Region, 2020-2027
3 IoT Telecom Services Market by Service Type
3.1 Introduction
3.2 Business Consulting Services
3.2.1 Market Estimates & Forecast, 2020-2027
3.2.2 Market Estimates & Forecast by Region, 2020-2027
3.3 Device and Application Management Services
3.3.1 Market Estimates & Forecast, 2020-2027
3.3.2 Market Estimates & Forecast by Region, 2020-2027
3.4 Installation and Integration Services
3.4.1 Market Estimates & Forecast, 2020-2027
3.4.2 Market Estimates & Forecast by Region, 2020-2027
3.5 IoT Billing and Subscription Management
3.5.1 Market Estimates & Forecast, 2020-2027
3.5.2 Market Estimates & Forecast by Region, 2020-2027
3.6 M2M Billing Services
3.6.1 Market Estimates & Forecast, 2020-2027
3.6.2 Market Estimates & Forecast by Region, 2020-2027
4 IoT Telecom Services Market by Application
4.1 Introduction
4.2 Smart Buildings
4.2.1 Market Estimates & Forecast, 2020-2027
4.2.2 Market Estimates & Forecast by Region, 2020-2027
4.3 Capillary Network Management
4.3.1 Market Estimates & Forecast, 2020-2027
4.3.2 Market Estimates & Forecast by Region, 2020-2027
4.4 Industrial Automation
4.4.1 Market Estimates & Forecast, 2020-2027
4.4.2 Market Estimates & Forecast by Region, 2020-2027
4.5 Vehicle Telematics
4.5.1 Market Estimates & Forecast, 2020-2027
4.5.2 Market Estimates & Forecast by Region, 2020-2027
4.6 Transportation and Traffic Management
4.6.1 Market Estimates & Forecast, 2020-2027
4.6.2 Market Estimates & Forecast by Region, 2020-2027
4.7 Energy and Utilities
4.7.1 Market Estimates & Forecast, 2020-2027
4.7.2 Market Estimates & Forecast by Region, 2020-2027
4.8 Smart Healthcare
4.8.1 Market Estimates & Forecast, 2020-2027
4.8.2 Market Estimates & Forecast by Region, 2020-2027
4.9 Others
4.9.1 Market Estimates & Forecast, 2020-2027
4.9.2 Market Estimates & Forecast by Region, 2020-2027
5 IoT Telecom Services Market by Region
5.1 Introduction
5.2 North America
5.2.1 Market Estimates & Forecast by Country, 2020-2027
5.2.2 Market Estimates & Forecast by Component, 2020-2027
5.2.3 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.2.4 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.2.5 Market Estimates & Forecast by Service Type, 2020-2027
5.2.6 Market Estimates & Forecast by Application, 2020-2027
5.2.7 US
5.2.7.1 Market Estimates & Forecast by Component, 2020-2027
5.2.7.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.2.7.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.2.7.4 Market Estimates & Forecast by Service Type, 2020-2027
5.2.7.5 Market Estimates & Forecast by Application, 2020-2027
5.2.8 Canada
5.2.8.1 Market Estimates & Forecast by Component, 2020-2027
5.2.8.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.2.8.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.2.8.4 Market Estimates & Forecast by Service Type, 2020-2027
5.2.8.5 Market Estimates & Forecast by Application, 2020-2027
5.2.9 Mexico
5.2.9.1 Market Estimates & Forecast by Component, 2020-2027
5.2.9.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.2.9.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.2.9.4 Market Estimates & Forecast by Service Type, 2020-2027
5.2.9.5 Market Estimates & Forecast by Application, 2020-2027
5.3 Europe
5.3.1 Market Estimates & Forecast by Country, 2020-2027
5.3.2 Market Estimates & Forecast by Component, 2020-2027
5.3.3 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.3.4 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.3.5 Market Estimates & Forecast by Service Type, 2020-2027
5.3.6 Market Estimates & Forecast by Application, 2020-2027
5.3.7 Germany
5.3.7.1 Market Estimates & Forecast by Component, 2020-2027
5.3.7.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.3.7.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.3.7.4 Market Estimates & Forecast by Service Type, 2020-2027
5.3.7.5 Market Estimates & Forecast by Application, 2020-2027
5.3.8 UK
5.3.8.1 Market Estimates & Forecast by Component, 2020-2027
5.3.8.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.3.8.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.3.8.4 Market Estimates & Forecast by Service Type, 2020-2027
5.3.8.5 Market Estimates & Forecast by Application, 2020-2027
5.3.9 France
5.3.9.1 Market Estimates & Forecast by Component, 2020-2027
5.3.9.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.3.9.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.3.9.4 Market Estimates & Forecast by Service Type, 2020-2027
5.3.9.5 Market Estimates & Forecast by Application, 2020-2027
5.3.10 Rest of Europe
5.3.10.1 Market Estimates & Forecast by Component, 2020-2027
5.3.10.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.3.10.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.3.10.4 Market Estimates & Forecast by Service Type, 2020-2027
5.3.10.5 Market Estimates & Forecast by Application, 2020-2027
5.4 Asia-Pacific
5.4.1 Market Estimates & Forecast by Country, 2020-2027
5.4.2 Market Estimates & Forecast by Component, 2020-2027
5.4.3 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.4.4 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.4.5 Market Estimates & Forecast by Service Type, 2020-2027
5.4.6 Market Estimates & Forecast by Application, 2020-2027
5.4.7 China
5.4.7.1 Market Estimates & Forecast by Component, 2020-2027
5.4.7.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.4.7.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.4.7.4 Market Estimates & Forecast by Service Type, 2020-2027
5.4.7.5 Market Estimates & Forecast by Application, 2020-2027
5.4.8 India
5.4.8.1 Market Estimates & Forecast by Component, 2020-2027
5.4.8.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.4.8.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.4.8.4 Market Estimates & Forecast by Service Type, 2020-2027
5.4.8.5 Market Estimates & Forecast by Application, 2020-2027
5.4.9 Japan
5.4.9.1 Market Estimates & Forecast by Component, 2020-2027
5.4.9.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.4.9.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.4.9.4 Market Estimates & Forecast by Service Type, 2020-2027
5.4.9.5 Market Estimates & Forecast by Application, 2020-2027
5.4.10 Rest of Asia-Pacific
5.4.10.1 Market Estimates & Forecast by Component, 2020-2027
5.4.10.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.4.10.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.4.10.4 Market Estimates & Forecast by Service Type, 2020-2027
5.4.10.5 Market Estimates & Forecast by Application, 2020-2027
5.5 Rest of the World
5.5.1 Market Estimates & Forecast by Country, 2020-2027
5.5.2 Market Estimates & Forecast by Component, 2020-2027
5.5.3 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.5.4 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.5.5 Market Estimates & Forecast by Service Type, 2020-2027
5.5.6 Market Estimates & Forecast by Application, 2020-2027
5.5.7 Middle East & Africa
5.5.7.1 Market Estimates & Forecast by Component, 2020-2027
5.5.7.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.5.7.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.5.7.4 Market Estimates & Forecast by Service Type, 2020-2027
5.5.7.5 Market Estimates & Forecast by Application, 2020-2027
5.5.8 Latin America
5.5.8.1 Market Estimates & Forecast by Component, 2020-2027
5.5.8.2 Market Estimates & Forecast by Connectivity Technology, 2020-2027
5.5.8.3 Market Estimates & Forecast by Network Management Solution, 2020-2027
5.5.8.4 Market Estimates & Forecast by Service Type, 2020-2027
5.5.8.5 Market Estimates & Forecast by Application, 2020-2027
6 Competitive Landscape
7 Company Profiles
7.1 AT&T, Inc.
7.1.1 Company Overview
7.1.2 Product/Business Segment Overview
7.1.3 Financial Updates
7.1.4 Key Developments
7.1.5 SWOT Analysis
7.1.6 Key Strategy
7.2 Deutsche Telekom AG
7.2.1 Company Overview
7.2.2 Product/Business Segment Overview
7.2.3 Financial Updates
7.2.4 Key Developments
7.2.5 SWOT Analysis
7.2.6 Key Strategy
7.3 Huawei Technologies Co., Ltd
7.3.1 Company Overview
7.3.2 Product/Business Segment Overview
7.3.3 Financial Updates
7.3.4 Key Developments
7.3.5 SWOT Analysis
7.3.6 Key Strategy
7.4 Ericsson
7.4.1 Company Overview
7.4.2 Product/Business Segment Overview
7.4.3 Financial Updates
7.4.4 Key Developments
7.4.5 SWOT Analysis
7.4.6 Key Strategy
7.5 Verizon Communications, Inc.
7.5.1 Company Overview
7.5.2 Product/Business Segment Overview
7.5.3 Financial Updates
7.5.4 Key Developments
7.5.5 SWOT Analysis
7.5.6 Key Strategy
7.6 Aeris
7.6.1 Company Overview
7.6.2 Product/Business Segment Overview
7.6.3 Financial Updates
7.6.4 Key Developments
7.6.5 SWOT Analysis
7.6.6 Key Strategy
7.7 China Mobile Ltd.
7.7.1 Company Overview
7.7.2 Product/Business Segment Overview
7.7.3 Financial Updates
7.7.4 Key Developments
7.7.5 SWOT Analysis
7.7.6 Key Strategy
7.8 Vodafone Group PLC.
7.8.1 Company Overview
7.8.2 Product/Business Segment Overview
7.8.3 Financial Updates
7.8.4 Key Developments
7.8.5 SWOT Analysis
7.8.6 Key Strategy
7.9 T-Mobile USA, Inc.
7.9.1 Company Overview
7.9.2 Product/Business Segment Overview
7.9.3 Financial Updates
7.9.4 Key Developments
7.9.5 SWOT Analysis
7.9.6 Key Strategy
7.10 Sprint Corporation
7.10.1 Company Overview
7.10.2 Product/Business Segment Overview
7.10.3 Financial Updates
7.10.4 Key Developments
7.10.5 SWOT Analysis
7.10.6 Key Strategy
8 Conclusion
LIST OF TABLES
Table 1 IoT Telecom Services Market, by Region, 2020-2027
Table 2 North America: IoT Telecom Services Market, by Country, 2020-2027
Table 3 Europe: IoT Telecom Services Market, by Country, 2020-2027
Table 4 Asia-Pacific: IoT Telecom Services Market, by Country, 2020-2027
Table 5 Middle East & Africa: IoT Telecom Services Market, by Country, 2020-2027
Table 6 Latin America: IoT Telecom Services Market, by Country, 2020-2027
Table 7 Global IoT Telecom Services Component Market, by Region, 2020-2027
Table 8 North America: IoT Telecom Services Component Market, by Country, 2020-2027
Table 9 Europe: IoT Telecom Services Component Market, by Country, 2020-2027
Table 10 Asia-Pacific: IoT Telecom Services Component Market, by Country, 2020-2027
Table 11 Middle East & Africa: IoT Telecom Services Component Market, by Country, 2020-2027
Table 12 Latin America: IoT Telecom Services Component Market, by Country, 2020-2027
Table 13 Global IoT Telecom Services Connectivity Technology Market, by Region, 2020-2027
Table 14 North America: IoT Telecom Services Connectivity Technology Market, by Country, 2020-2027
Table 15 Europe: IoT Telecom Services Connectivity Technology Market, by Country, 2020-2027
Table 16 Asia-Pacific: IoT Telecom Services Connectivity Technology Market, by Country, 2020-2027
Table 17 Middle East & Africa: IoT Telecom Services Connectivity Technology Market, by Country, 2020-2027
Table 18 Latin America: IoT Telecom Services Connectivity Technology Market, by Country, 2020-2027
Table 19 Global IoT Telecom Services Network Management Solution Market, by Region, 2020-2027
Table 20 North America: IoT Telecom Services Network Management Solution Market, by Country, 2020-2027
Table 21 Europe: IoT Telecom Services Network Management Solution Market, by Country, 2020-2027
Table 22 Asia-Pacific: IoT Telecom Services Network Management Solution Market, by Country, 2020-2027
Table 23 Middle East & Africa: IoT Telecom Services Network Management Solution Market, by Country, 2020-2027
Table 24 Latin America: IoT Telecom Services Network Management Solution Market, by Country, 2020-2027
Table 25 Global IoT Telecom Services Service type Market, by Region, 2020-2027
Table 26 North America: IoT Telecom Services Service type Market, by Country, 2020-2027
Table 27 Europe: IoT Telecom Services Service type Market, by Country, 2020-2027
Table 28 Asia-Pacific: IoT Telecom Services Service type Market, by Country, 2020-2027
Table 29 Middle East & Africa: IoT Telecom Services Service type Market, by Country, 2020-2027
Table 30 Latin America: IoT Telecom Services Service type Market, by Country, 2020-2027
Table 31 Global IoT Telecom Services Application Market, by Region, 2020-2027
Table 32 North America: IoT Telecom Services Application Market, by Country, 2020-2027
Table 33 Europe: IoT Telecom Services Application Market, by Country, 2020-2027
Table 34 Asia-Pacific: IoT Telecom Services Application Market, by Country, 2020-2027
Table 35 Middle East & Africa: IoT Telecom Services Application Market, by Country, 2020-2027
Table 36 Latin America: IoT Telecom Services Application Market, by Country, 2020-2027
LIST OF FIGURES
FIGURE 1 Global IoT Telecom Services Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global IoT Telecom Services Market
FIGURE 4 Value Chain of Global IoT Telecom Services Market
FIGURE 5 Share of Global IoT Telecom Services Market in 2020, by Country (in %)
FIGURE 6 Global IoT Telecom Services Market, 2020-2027
FIGURE 7 Global IoT Telecom Services Market Size, by Component, 2020
FIGURE 8 Global IoT Telecom Services Market Size, by Connectivity Technology, 2020
FIGURE 9 Global IoT Telecom Services Market Size, by Network Management Solutions, 2020
FIGURE 10 Global IoT Telecom Services Market Size, by Service Type, 2020
FIGURE 11 Global IoT Telecom Services Market Size, by Application, 2020
