# US IoT Telecom Services Market > US 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 - **Forecast Period:** 2025 - 2035 - **CAGR:** 33.78% - **2024:** $ 10.5 Billion - **2025:** $ 14.05 Billion - **2035:** $ 258 Billion - **Key Players:** AT&T (US), Verizon (US), Vodafone (GB), Deutsche Telekom (DE), Orange (FR), Telefónica (ES), China Mobile (CN), NTT Group (JP), T-Mobile (US) **Report ID:** MRFR/ICT/17134-HCR · **Pages:** 100 · **Author:** Kiran Jinkalwad & Garvit Vyas · **Last Updated:** April 06, 2026 **URL:** https://www.marketresearchfuture.com/reports/us-iot-telecom-services-market-18662 --- ## Market Summary ## **US IoT Telecom Services Market Overview:** As per MRFR analysis, the US IoT Telecom Services Market Size was estimated at 7.96 (USD Billion) in 2023. The US IoT Telecom Services Market Industry is expected to grow from 10.7(USD Billion) in 2024 to 273.4 (USD Billion) by 2035. The US IoT Telecom Services Market CAGR (growth rate) is expected to be around 34.26% during the forecast period (2025 - 2035). ## **Key US IoT Telecom Services Market Trends Highlighted** The US IoT Telecom Services market is experiencing notable trends driven by increasing connectivity demands and advancements in technology. The growth in smart city initiatives across various states has become a significant market driver, as local governments invest in infrastructure to improve service delivery, public safety, and sustainability. Alongside this, the adoption of 5G technology is rapidly transforming IoT connectivity, allowing for faster data transmission rates and supporting a larger number of connected devices. This evolution presents opportunities for telecom providers to develop innovative IoT solutions tailored to various industries such as healthcare, manufacturing, and agriculture. Additionally, the increased focus on security concerns related to data privacy has propelled the demand for secure IoT services in the US. Businesses are actively seeking telecom partners who can offer robust cybersecurity measures to safeguard their connected devices. As remote monitoring and control gain traction in sectors like healthcare and logistics, the demand for IoT telecom services is also expected to rise. These trends highlight the ongoing evolution of IoT applications and the potential for telecom companies to leverage partnerships to enhance service offerings. As firms explore new business models, there is an opportunity to capture emerging markets within the IoT landscape, such as energy management and fleet tracking.The push for sustainability, driven by both consumer preferences and regulatory policies, further emphasizes the need for telecom solutions that facilitate efficient resource usage. Overall, the US IoT Telecom Services market is poised for growth as companies innovate to meet the changing needs of consumers and enterprises. Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review ## **US IoT Telecom Services Market Drivers** ### **Rising Demand for Smart Devices** The increasing adoption of smart devices in the United States is significantly driving the US IoT Telecom Services Market Industry. According to the Consumer Technology Association, nearly 69% of American households own at least one smart device, with projections indicating that this number will increase by 20% over the next few years. This surge in connectivity among devices necessitates robust telecom services to support seamless communication and data exchange.Established companies like Cisco and AT&T are investing heavily in infrastructure upgrades to facilitate this growth, as they anticipate a greater demand for bandwidth and reliability in IoT connections, making it a crucial factor for market expansion. ### **Government Initiatives and Policy Support** Government initiatives aimed at advancing IoT technology further bolster the US IoT Telecom Services Market Industry. The Federal Communications Commission (FCC) has increased its commitment to promoting 5G technologies, with policies intended to expedite deployment and broaden accessibility. Recent statistics illustrate that 5G technology can provide data transmission speeds that are up to 100 times faster than 4G, significantly enhancing IoT applications in various sectors.Companies like Verizon are aligning with these efforts, launching programs that support small businesses in utilizing IoT solutions, thus enhancing the overall market landscape. ### **Growth of Smart Cities** The development of smart cities across the United States is a critical driving factor for the US IoT Telecom Services Market Industry. With cities like San Francisco investing over 50 million dollars in smart infrastructure, the demand for IoT telecom services surges as these cities implement technologies for traffic management, waste management, and energy efficiency. Reports from the U.S. Department of Transportation indicate that smart city initiatives can reduce traffic congestion by up to 30%, which directly correlates to the demand for seamless communication networks facilitated by telecom services.Major telecom players like T-Mobile are collaborating with municipalities to deliver tailored IoT solutions that support these urban transformations. ## **US IoT Telecom Services Market Segment Insights:** ### **IoT Telecom Services Market Component Insights** The Component segment of the US IoT Telecom Services Market is pivotal in defining the landscape of connectivity and innovation. It encompasses various critical elements such as Connectivity Technology, Network Management Solutions, and Services, each playing a significant role in advancing IoT infrastructure across different sectors. The rise of Connectivity Technology reflects the growing demand for seamless and efficient communication protocols in industries as diverse as manufacturing, healthcare, and smart cities. As organizations increasingly utilize IoT devices, the importance of robust network management solutions becomes evident.These solutions help in monitoring and optimizing network performance, ensuring reliability and security, which are crucial for deploying scalable IoT applications. Furthermore, the Services aspect of this segment includes both professional and managed services, providing essential support in areas such as integration, maintenance, and analytics. The combination of these components is driving the integration of IoT applications into everyday business operations, leading to enhanced efficiency and productivity. Moreover, the increasing trend toward digital transformation in the US not only propels the demand for these components but also encourages innovation, with numerous companies exploring the potential of 5G technology to enhance connectivity capabilities further.While the market growth presents a wealth of opportunities, it also poses challenges, such as the need for uniform standards and regulations to ensure interoperability among devices. As stakeholders continue to navigate these complexities, the Component segment is set to play an increasingly significant role in shaping the future of the US IoT Telecom Services Market, ensuring the successful execution of IoT strategies across various industries. The impact of government initiatives and investments in infrastructure also cannot be overlooked, as they provide essential support for expanding IoT capabilities, creating an ecosystem conducive to growth and enhancing the overall efficiency of telecommunication services.With ongoing advancements and the growing reliance on IoT technology, the Component segment is expected to maintain its critical status in the ever-evolving telecommunication landscape. Source: Primary Research, Secondary Research, _Market Research Future_ Database and Analyst Review ### **IoT Telecom Services Market Service Type Insights** The US IoT Telecom Services Market, particularly the Service Type segment, plays a crucial role in the overall growth and development of the industry. This sector encompasses a variety of essential services, including Device and Application Management, which is pivotal for ensuring seamless connectivity and performance of IoT devices. Business Consulting Services significantly contributes by guiding organizations in strategic planning and implementation of IoT solutions. Moreover, IoT Billing and Subscription services are central to managing the financial aspects of these services, providing flexibility and automation in billing processes. Installation and Integration Services facilitate the deployment of IoT systems, ensuring that devices and infrastructure work cohesively together. Lastly, M2M Billing Services are vital as they cater to the unique needs of machine-to-machine communications, supporting a growing number of connected devices. Each of these components is increasingly important in responding to the challenges and opportunities presented by the evolving technological landscape, driving innovation and optimization within the US IoT Telecom Services Market. With a focus on enhancing efficiency and user experience, the industry is positioned for substantial growth fueled by these essential service offerings. ### **IoT Telecom Services Market Application Insights** The Application segment of the US IoT Telecom Services Market is seeing significant traction as various industries leverage IoT solutions for enhanced operational efficiency and connectivity. Smart Buildings, which focus on automation and control systems, are redefining how infrastructure operates, leading to optimized energy consumption and improved comfort levels. Automation in industrial settings plays a crucial role in enhancing productivity and minimizing downtime through data-driven insights. Capillary Network Management is also critical, as it supports the effective handling of distributed resources and enhances service delivery. Vehicle Telematics is transforming transportation management by providing real-time data that optimize fleet operations and improve safety. The Energy and Utilities sector benefits from IoT applications that enable smart grid solutions, ensuring better energy management and sustainability practices. Smart Healthcare emerges as a vital area, enabling remote patient monitoring and enhancing care efficiency, which is increasingly essential in the evolving healthcare landscape. Other applications complement these initiatives, driving innovation across various fields.Collectively, these applications represent a dynamic arena within the US IoT Telecom Services Market, showcasing substantial market growth potential fueled by ongoing technological advancements and increasing demand across industries. ## **US IoT Telecom Services Market Key Players and Competitive Insights:** The competitive landscape of the US IoT Telecom Services Market is characterized by rapid innovation and an influx of new technologies that enhance connectivity and enable advanced data analytics. As organizations increasingly adopt Internet of Things solutions to improve operations and customer experiences, telecom service providers are positioning themselves to meet the rising demand. Market players are focusing on developing end-to-end IoT solutions that integrate with existing systems and infrastructure, while also ensuring scalability and security. The market is dynamic, with various players vying for a share, leading to collaborations, partnerships, and even mergers and acquisitions, all aimed at enhancing service offerings and expanding market reach. In the context of the US IoT Telecom Services Market, SAP distinguishes itself through its comprehensive suite of IoT services and software that enable businesses to leverage their existing data and optimize operations through analytics and automation. The company's strong presence in areas such as supply chain management and enterprise resource planning provides it with a unique advantage, as it allows for seamless integration of IoT solutions with existing enterprise applications. SAP has established multiple strategic alliances, enhancing its reach and implementation capabilities across various sectors of the economy. The company's robust technological infrastructure bolsters its service reliability and overall customer satisfaction, while the focus on delivering highly customized IoT applications resonates well with the diverse needs of US businesses, reinforcing its competitive position in the marketplace. Ericsson holds a significant place in the US IoT Telecom Services Market, driving innovation in connectivity solutions that empower industrial transformation and smart infrastructure development. The company offers a variety of key products and services, including its IoT Accelerator platform, which provides enterprises with an end-to-end solution to simplify the deployment and management of IoT devices. Ericsson’s strengths lie in its extensive network infrastructure and strong partnerships with various telecom operators, enabling high-quality connectivity across the US. The company has actively pursued mergers and acquisitions to enhance its service portfolio, expanding its capabilities in the IoT landscape. Through these strategic moves and a commitment to research and development, Ericsson is well-positioned to continue influencing the market with forward-thinking solutions that address the evolving needs of businesses and industries in the US. ### **Key Companies in the US IoT Telecom Services Market Include:** ## **US IoT Telecom Services Market Industry Developments** Recent developments in the US IoT Telecom Services Market have shown significant advancements in connectivity solutions, driven by major players such as Verizon Communications, AT and T, and TMobile US. In October 2023, Verizon announced enhancements in its 5G network, aiming to support increased IoT applications for industries like healthcare and manufacturing. In the same month, Dell Technologies and SAP unveiled a partnership focusing on edge computing solutions tailored for IoT deployments, enhancing data analysis capabilities. Another notable event was Sprint Corporation, now part of TMobile US, launching new IoT platform services that facilitate streamlined connectivity for diverse business models in November 2022. Moreover, Oracle has been continuously expanding its IoT Cloud offerings, fostering better integration with cloud services in recent months. Growth in valuation for entities like Cisco Systems and Amazon Web Services indicates a rising demand for IoT solutions, which is expected to spur further investment and innovation in the sector. Over the last couple of years, the US market has seen increased mergers and acquisitions, with IBM acquiring Red Hat in July 2019, enhancing its IoT capabilities significantly, reflecting a growing trend toward consolidation in the industry. ## **US IoT Telecom Services Market Segmentation Insights** ### **IoT Telecom Services Market Component****Outlook** ### **IoT Telecom Services Market Service Type****Outlook** ### **IoT Telecom Services Market Application****Outlook** ## Market Drivers ### Increased Focus on Data Analytics The growing emphasis on data analytics is reshaping the iot telecom-services market. Companies are increasingly recognizing the value of data generated by connected devices, leading to a surge in demand for analytics solutions. This trend is particularly pronounced in sectors such as healthcare, manufacturing, and transportation, where actionable insights can drive efficiency and innovation. The market for IoT analytics is expected to grow at a CAGR of over 25% through 2025, indicating a robust appetite for services that can process and analyze vast amounts of data. Consequently, telecom providers are adapting their offerings to include data analytics capabilities, further propelling the growth of the iot telecom-services market. ### Rising Demand for Connected Devices The proliferation of connected devices is a primary driver for the iot telecom-services market. As consumers and businesses increasingly adopt smart devices, the need for robust connectivity solutions intensifies. In the US, it is estimated that the number of connected devices will reach over 30 billion by 2025, creating a substantial demand for telecom services that can support this ecosystem. This surge in device adoption necessitates enhanced network capabilities, leading telecom providers to innovate and expand their service offerings. The iot telecom-services market is thus positioned to benefit from this trend, as companies seek reliable and efficient connectivity solutions to manage their growing number of devices. ### Advancements in Network Infrastructure The ongoing advancements in network infrastructure significantly impact the iot telecom-services market. With the rollout of next-generation technologies, such as 5G, telecom providers are enhancing their capabilities to support a higher volume of data traffic. This is particularly relevant in urban areas, where the demand for high-speed connectivity is paramount. According to industry estimates, the 5G infrastructure investment in the US is projected to exceed $275 billion by 2025. Such investments not only improve service quality but also enable new applications and services, thereby driving growth in the iot telecom-services market as businesses and consumers seek to leverage these advancements. ### Regulatory Support for IoT Innovations Regulatory frameworks are increasingly supporting innovations in the iot telecom-services market. The US government has recognized the potential of IoT technologies to enhance economic growth and improve public services. Initiatives aimed at fostering innovation, such as funding for research and development, are being implemented. For instance, the Federal Communications Commission (FCC) has introduced policies to facilitate the deployment of IoT networks. This regulatory support is likely to encourage investment in the iot telecom-services market, as companies seek to align their services with government initiatives and capitalize on new opportunities created by favorable regulations. ### Growing Importance of Sustainability Initiatives Sustainability initiatives are becoming a crucial driver for the iot telecom-services market. As environmental concerns gain prominence, businesses are increasingly seeking IoT solutions that can help reduce their carbon footprint and enhance operational efficiency. The integration of IoT technologies in sectors such as agriculture, energy, and transportation is facilitating more sustainable practices. For example, smart grid technologies are optimizing energy consumption, while precision agriculture is minimizing resource waste. The market for sustainable IoT solutions is projected to grow significantly, indicating a shift towards environmentally conscious practices that will likely benefit the iot telecom-services market. ## Future Outlook The [IoT Telecom Services Market](https://www.marketresearchfuture.com/reports/iot-telecom-services-market-7235) is projected to grow at a 33.78% CAGR from 2025 to 2035, driven by advancements in connectivity, data analytics, and automation. **New opportunities:** - Development of smart city infrastructure solutions - Expansion of IoT-enabled healthcare monitoring systems - Integration of AI-driven analytics for predictive maintenance By 2035, the market is expected to achieve substantial growth and innovation. ## Segment Insights ### By Service Type: Device and application management (Largest) vs. M2M billing services (Fastest-Growing) In the US iot telecom-services market, device and application management holds a significant share, leading the segment values with a robust performance. This segment has been prominent due to the increasing demand for effective management of connected devices and applications, enabling seamless integration and operation. Following closely are M2M billing services, which are gaining traction as businesses continue to embrace machine-to-machine communications, thereby contributing to the overall market expansion. The remaining segments, such as business consulting services and IoT billing and subscription, also play vital roles, though they command smaller portions of the market. Growth trends in the US iot telecom-services market indicate a shift towards a more connected ecosystem, driving the demand for installation and integration services. The proliferation of IoT applications across various industries enhances the need for comprehensive service offerings. Factors like technological advancements, the rise of smart cities, and increasing automation are significant drivers, with businesses prioritizing reliable service types to facilitate operational efficiency and innovative developments in the IoT space. Device and application management (Dominant) vs. M2M billing services (Emerging) Device and application management stands out as the dominant service type within the US iot telecom-services market, primarily attributed to its critical role in managing vast networks of interconnected devices. This segment ensures that applications operate cohesively, fostering better data communication and operational efficiency. M2M billing services, on the other hand, are emerging rapidly, supporting businesses in handling billing complexities associated with machine-to-machine interactions. As organizations increasingly adopt IoT solutions, M2M billing services are evolving to meet the demands for accurate tracking and invoicing of machine communications, which is vital for driving revenue streams. Together, these segments exemplify the diverse needs within the market, showcasing the balance between established and emerging service types. ### By Component Type: Connectivity Technology (Largest) vs. Network Management Solutions (Fastest-Growing) In the US iot telecom-services market, Connectivity Technology holds the largest share among the component types, driving significant revenue due to its critical role in ensuring seamless connectivity for various IoT applications. Meanwhile, Network Management Solutions are rapidly gaining traction, particularly with the increasing complexity of IoT networks that require effective management and monitoring solutions to optimize performance and security. Growth trends indicate a robust demand for advanced Connectivity Technologies as enterprises invest in upgrading their infrastructure to support a growing number of IoT devices. Conversely, Network Management Solutions are experiencing a surge as organizations prioritize efficient network oversight, leading to enhanced efficiency and reduced downtime. Increased reliance on IoT applications across sectors such as healthcare, manufacturing, and smart cities drives both segments, creating a dynamic landscape for service providers and technology innovators. Connectivity Technology: Dominant vs. Network Management Solutions: Emerging Connectivity Technology is the dominant force in the US iot telecom-services market due to its foundational role in enabling IoT connectivity across diverse applications. This segment encompasses various technologies such as cellular, satellite, and LPWAN, which cater to the connectivity needs of businesses aiming to leverage IoT for operational efficiencies. On the other hand, Network Management Solutions, though emerging, are becoming increasingly essential. These solutions provide pivotal functionalities including performance monitoring, analytics, and security measures to efficiently manage complex IoT environments. As organizations scale their IoT deployments, the need for robust network management capabilities grows, highlighting the complementary relationship between these two segments and positioning them as integral to the future of IoT. ### By Application: Smart Healthcare (Largest) vs. Smart Buildings (Fastest-Growing) The US iot telecom-services market is characterized by diverse applications with Smart Healthcare holding the largest market share due to increasing demand for advanced healthcare solutions. In contrast, the Smart Buildings segment demonstrates rapid growth, driven by rising investments in building automation and energy efficiency. The segmentation illustrates varying levels of adoption, with sectors like Vehicle Telematics and Energy and Utilities also contributing to the market's expansion. Growth trends indicate a strong focus on automation and connectivity across various sectors. Factors such as regulatory initiatives, urbanization, and the growing emphasis on efficiency are propelling the demand for IoT applications. The integration of advanced technologies such as AI and machine learning further enhances capabilities, ensuring that sectors like Smart Healthcare and Smart Buildings attract substantial investment and innovation. Smart Healthcare (Dominant) vs. Smart Buildings (Emerging) Smart Healthcare has emerged as a dominant force in the US iot telecom-services market, primarily due to its ability to enhance patient care through real-time monitoring and data analytics. This segment leverages IoT devices to improve operational efficiency, safety, and patient engagement in healthcare settings. On the other hand, Smart Buildings are recognized as an emerging segment, attracting attention due to their potential for energy savings and operational efficiency. The integration of IoT in smart buildings enhances user comfort and reduces operational costs, making it a rapidly evolving area. Together, these segments illustrate the transformational potential of IoT across various applications. ## Competitive Benchmarking The IoT Telecom-Services Market is characterized by a dynamic competitive landscape., driven by rapid technological advancements and increasing demand for connectivity across various sectors. Major players such as AT&T (US), Verizon (US), and T-Mobile (US) are strategically positioning themselves through innovation and partnerships to enhance their service offerings. These companies focus on expanding their IoT ecosystems, leveraging 5G technology to provide robust solutions for smart cities, healthcare, and industrial applications. Their collective strategies not only foster competition but also drive the market towards more integrated and efficient IoT solutions.Key business tactics employed by these companies include localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure appears moderately fragmented, with several key players exerting influence over specific segments. This fragmentation allows for niche players to emerge, yet the dominance of established firms like Verizon (US) and AT&T (US) ensures that competitive pressures remain high, compelling all players to innovate continuously. In October Verizon (US) announced a strategic partnership with a leading cloud provider to enhance its IoT platform capabilities. This collaboration aims to integrate advanced analytics and AI-driven insights into Verizon's IoT services, potentially improving customer experience and operational efficiency. Such a move underscores Verizon's commitment to maintaining a competitive edge through technological integration and service enhancement. In September AT&T (US) launched a new suite of IoT solutions tailored for the agriculture sector, focusing on precision farming technologies. This initiative not only diversifies AT&T's service portfolio but also aligns with the growing trend of digital transformation in agriculture, suggesting a strategic pivot towards sustainability and efficiency in resource management. The implications of this launch could be profound, as it positions AT&T as a key player in a sector increasingly reliant on IoT technologies. In August T-Mobile (US) expanded its IoT network coverage by integrating satellite connectivity, thereby enhancing its service offerings in remote areas. This strategic move is indicative of T-Mobile's focus on inclusivity and accessibility, potentially allowing it to capture a larger market share in underserved regions. The integration of satellite technology into their IoT services may also set a precedent for future innovations in connectivity solutions. As of November current trends in the iot telecom-services market emphasize digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, as companies recognize the value of collaboration in driving innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based strategies to a focus on technological innovation, reliability in supply chains, and the ability to deliver tailored solutions that meet the specific needs of diverse industries. ## Recent News & Developments Recent developments in the US IoT Telecom Services Market have shown significant advancements in connectivity solutions, driven by major players such as Verizon Communications, AT and T, and TMobile US. In October 2023, Verizon announced enhancements in its 5G network, aiming to support increased IoT applications for industries like healthcare and manufacturing. In the same month, Dell Technologies and SAP unveiled a partnership focusing on edge computing solutions tailored for IoT deployments, enhancing data analysis capabilities. Another notable event was Sprint Corporation, now part of TMobile US, launching new IoT platform services that facilitate streamlined connectivity for diverse business models in November 2022. Moreover, Oracle has been continuously expanding its IoT Cloud offerings, fostering better integration with cloud services in recent months. Growth in valuation for entities like Cisco Systems and Amazon Web Services indicates a rising demand for IoT solutions, which is expected to spur further investment and innovation in the sector. Over the last couple of years, the US market has seen increased mergers and acquisitions, with IBM acquiring Red Hat in July 2019, enhancing its IoT capabilities significantly, reflecting a growing trend toward consolidation in the industry. ## Report Scope | MARKET SIZE 2024 | 10.5(USD Billion) | | --- | --- | | MARKET SIZE 2025 | 14.05(USD Billion) | | MARKET SIZE 2035 | 258.0(USD Billion) | | COMPOUND ANNUAL GROWTH RATE (CAGR) | 33.78% (2025 - 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 Billion | | 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 | Integration of advanced analytics and AI in IoT telecom-services enhances operational efficiency and customer experience. | | Key Market Dynamics | Rising demand for smart devices drives innovation and competition in the IoT telecom-services market. | | Countries Covered | US | ## Frequently Asked Questions **Q: What was the market valuation of the US IoT telecom-services market in 2024?** A: The market valuation of the US IoT telecom-services market was $10.5 Billion in 2024. **Q: What is the projected market valuation for the US IoT telecom-services market by 2035?** A: The projected market valuation for the US IoT telecom-services market is $258.0 Billion by 2035. **Q: What is the expected CAGR for the US IoT telecom-services market during the forecast period 2025 - 2035?** A: The expected CAGR for the US IoT telecom-services market during the forecast period 2025 - 2035 is 33.78%. **Q: Which company is a key player in the US IoT telecom-services market?** A: AT&T is one of the key players in the US IoT telecom-services market. **Q: What are the main service types in the US IoT telecom-services market?** A: The main service types include Device and application management, Business consulting services, and IoT billing and subscription. **Q: What was the valuation of IoT billing and subscription services in 2024?** A: The valuation of IoT billing and subscription services was $2.0 Billion in 2024. **Q: Which application segment is expected to grow significantly in the US IoT telecom-services market?** A: The Energy and utilities application segment is expected to grow significantly, with a valuation of $2.0 Billion in 2024. **Q: What is the valuation of connectivity technology in the US IoT telecom-services market?** A: The valuation of connectivity technology is $3.15 Billion in 2024. **Q: How much is the market for smart buildings valued at in 2024?** A: The market for smart buildings was valued at $1.5 Billion in 2024. **Q: What are the projected trends for vehicle telematics in the US IoT telecom-services market?** A: Vehicle telematics is projected to maintain a valuation of $1.5 Billion in 2024, indicating its relevance in the market. --- *This Markdown endpoint is provided for AI systems and LLM crawlers. For the full interactive report visit https://www.marketresearchfuture.com/reports/us-iot-telecom-services-market-18662*