According to Market Research Future, the global IoT
telecom services market is segmented into component, connectivity technology,
network management solutions, services type, application and region.
Telecom operators are moving up in the value chain and
broadening their offerings. The telecom vendors are now expanding their
solution with technologies such as LPWAN, NB-IoT for long range. Emerging
applications such as industrial automation and smart buildings is creating
opportunities for growth of IoT telecom services market. Need for enhanced
connectivity and growing adoption of telco cloud are some of the drivers
boosting the demand for IoT telecom services market globally.
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By component, the market is segmented into
connectivity technology, network management solution and services. The
connectivity technology remains the largest revenue generating segment in the
IoT telecom services market and is expected to continue its dominance
throughout the forecast period.
Under connectivity technology, the market is segmented
into cellular technologies, Low-power Wide Area Network (LPWAN), narrowband-IoT
(NB-IOT), radio frequency-based, others. Cellular technologies and LPWAN
segments are expected to contribute significant share during the forecast
period whereas NB-IoT is expected to grow at the highest CAGR.
The network management solution has been 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.
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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
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.
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It was really amazing information on IoT telecom. Really very helpful to understand market growth in IoT telecom.
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