The Internet of Things (IoT) telecom services market size is 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.
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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 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.
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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
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
- 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
- North America
- Asia-Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
With the given market data, Publisher offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Further breakdown of the Europe IoT telecom services market
- Further breakdown of the APAC market
- Detailed analysis and profiling of additional market players
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