According to TechSci Research report, “IoT Telecom Services Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the Global IoT Telecom Services Market was valued at USD 20.45 billion in 2023 and is expected to grow at a CAGR of 15.56% during the forecast period.
Request For Sample Copy of Report For More Detailed Market insight: https://www.techsciresearch.com/sample-report.aspx?cid=26581
The Global IoT telecom services market is witnessing the rapid expansion of vertical-specific IoT ecosystems. Telecom operators are increasingly offering specialized IoT solutions tailored to industries such as healthcare, agriculture, manufacturing, and logistics, as these sectors seek to harness the power of connected devices for operational optimization and innovation. In healthcare, for example, IoT solutions are being used for remote patient monitoring, asset tracking, and telemedicine applications, enabling healthcare providers to deliver better care while reducing costs. Similarly, in agriculture, IoT-enabled devices are helping farmers monitor soil moisture, optimize irrigation systems, and track livestock, driving more efficient and sustainable farming practices.
Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on the "Global IoT Telecom Services Market.”
In manufacturing, IoT solutions are used to enable predictive maintenance, improve supply chain management, and enhance production efficiency. Telecom service providers are developing industry-specific IoT platforms that integrate connectivity, data analytics, and cloud services to deliver customized solutions. By providing vertical-specific IoT ecosystems, telecom operators are positioning themselves as key enablers of digital transformation across a wide range of industries. This trend is fueling a new wave of innovation in IoT services and is expected to continue as industries look for more specialized solutions to meet their unique needs. As a result, telecom companies are diversifying their service offerings to create value-added solutions, generating new revenue streams and strengthening their market position in the IoT ecosystem.
Based on the Service Type, Device & Application Management segment held the largest Market share in 2023. The IoT Telecom Services Market in the Device & Application Management segment is experiencing significant growth, driven by the increasing demand for efficient and scalable management solutions as the number of connected devices and applications continues to rise. As industries across sectors like healthcare, manufacturing, automotive, and smart cities embrace the Internet of Things (IoT), the need for seamless device and application management becomes critical to ensure the smooth operation of complex, interconnected ecosystems. Telecom service providers are responding to this demand by offering robust IoT management solutions that enable businesses to monitor, manage, and secure their devices and applications in real time. One of the primary drivers of this market is the rapid proliferation of IoT devices, which require efficient monitoring, configuration, and updating to maintain optimal performance. The growing trend of industrial automation, coupled with advancements in IoT technologies, is also contributing to the surge in demand for integrated device and application management solutions. These solutions enable businesses to streamline operations, reduce downtime, and improve the overall efficiency of their IoT infrastructure. Moreover, the increasing adoption of 5G technology is further amplifying the need for advanced device and application management.
The ultra-low latency and high bandwidth capabilities of 5G create a fertile environment for the expansion of IoT applications, particularly in industries requiring real-time data processing and communication. As a result, telecom service providers are investing in scalable, flexible, and secure management platforms to support the growing number of connected devices and applications. Additionally, the need for enhanced security in IoT networks is driving the demand for robust device and application management solutions. As IoT devices become more pervasive, they also become potential entry points for cyber threats, making it essential to implement strong security measures. Telecom service providers are increasingly offering IoT management solutions with built-in security features, such as device authentication, data encryption, and intrusion detection systems, to safeguard IoT networks from potential vulnerabilities. The shift towards cloud-based IoT solutions is also a significant factor driving the growth of the Device & Application Management segment. Cloud-based platforms offer scalability, flexibility, and cost-effectiveness, allowing businesses to manage large-scale IoT deployments without significant upfront investments in infrastructure. This enables organizations to deploy, manage, and update their devices and applications with greater ease, providing a more agile and responsive IoT ecosystem. The rise of data analytics and artificial intelligence (AI) in IoT management is enhancing the ability to predict device failures, optimize performance, and enable proactive maintenance. These technologies are driving the need for advanced management platforms that can handle the complexity and volume of data generated by IoT devices and applications. As IoT ecosystems become more sophisticated, the demand for integrated solutions that provide end-to-end visibility, control, and optimization across devices and applications continues to rise, positioning the IoT Telecom Services Market for sustained growth in the Device & Application Management segment.
In terms of region, Asia-Pacific is the fastest growing region in the Global IoT Telecom Services Market, driven by the region’s accelerating digital transformation, widespread adoption of connected devices, and ongoing advancements in telecommunications infrastructure. Countries are at the forefront of this transformation, where both consumers and businesses are increasingly reliant on IoT solutions for a range of applications, including smart cities, agriculture, manufacturing, logistics, and healthcare. The region's rapid urbanization, large-scale industrial automation, and government investments in IoT ecosystems are creating a robust demand for telecom services tailored to support a growing number of connected devices and real-time data management. One of the key factors driving the rapid growth of IoT telecom services in Asia-Pacific is the ongoing expansion of 5G networks across the region. With countries like China and South Korea already leading in 5G deployment, the next-generation cellular network is expected to offer ultra-low latency, higher bandwidth, and greater connectivity, making it ideal for IoT applications that require fast, reliable, and scalable communication. With the APAC region leading in both technological adoption and infrastructure development, it is poised to remain the fastest-growing market for IoT telecom services globally.
Browse over XX Market data Figures spread through XX Pages and an in-depth TOC on the "Global IoT Telecom Services Market.” @ https://www.techsciresearch.com/report/iot-telecom-services-market/26581.html
Major companies operating in the Global IoT Telecom Services Market are:
- Qualcomm Incorporated
- Aeris Communications, Inc.
- Reliance Jio Infocomm Ltd.
- Bharti Airtel Limited
- MediaTek
- Huawei Technologies Co., Ltd.
- AT&T Inc.
- Deutsche Telekom AG
- Vodafone Group Plc
Customers can also request 10% free customization in this report.
“The Global IoT Telecom Services Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The IoT telecom services market is poised for substantial growth, driven by the increasing demand for connected devices and seamless real-time data transmission across various industries. Key opportunities exist in offering customized IoT solutions for smart cities, connected vehicles, and industrial automation. The growing demand for robust network security, advanced data analytics, and optimized asset management is fueling market expansion. The integration of AI and machine learning into IoT telecom services further enhances operational efficiency and drives innovation. Therefore, the Market of IoT Telecom Services is expected to boost in the upcoming years.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“IoT Telecom Services Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented, By Component (Connectivity Technology, Network Management Solution), By Service Type (Device & Application Management, Business Consulting Services, Installation & Integration Services, M2M Billing Services), By Application (Smart Buildings, Automation, Capillary Network Management, Smart Healthcare, and Others), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of Global IoT Telecom Services Market and provides statistics & information on the Market size, structure, and future Market growth. The report intends to provide cutting-edge Market intelligence and help decision-makers make sound investment decisions., The report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global IoT Telecom Services Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com
Arabic
French
Spanish
Portuguese
Deutsch
Turkish
Dutch
Italiano
Russian
Romaian
Portuguese (Brazil)
Greek