company news about IoT Telecom Services Market Research Report --- Global forecast till 2023

IoT Telecom Services Market Research Report --- Global Forecast till 2023

Overview:

The global IoT Telecom services market is proliferating rapidly mainly due to the increasing application of IoT telecom service in various industries, primarily to enhance connectivity. Moreover, factors such as the emerging applications of IoT telecom services in smart
buildings, industrial automation, and vehicle telematics are escalating the market on the global platform.

Considering the colossal traction, the market perceives currently; Market Research Future (MRFR), in its recently published market study report assert that the global
IoT telecom services market will reach approximately USD 22.57BN, posting a whopping CAGR of around 36.96% throughout the forecast period (2018-2023). The market had valued at USD3.45 BN, in 2017.

Additional factors that would help the market to boost further include the low-power, wide-area (LPWAN) technologies that are replacing short-range wireless and the proliferation of mobile WAN technologies such as Bluetooth, Wi-Fi, and Near Field Communication (NFC).

Conversely, factors such as the lack of regulations for spectrum allocation and billing problems between OTT players and telecom operators are expected to act as a major headwind that will be impeding the growth of the market.

Nevertheless, the growing adoption of the telco cloud is expected to support the growth of the market, boosting the demand for IoT telecom service, globally.

Major Players
Key players leading the global IoT telecom services market include Verizon Communications, Inc. (US), AT&T, Inc.(US) , Ericsson ( Sweden), Sprint Corporation (US), Huawei Technologies Co, Ltd (China），China Mobile(China)
China Telecom (China), Telia (Sweden),Swisscom AG(Switzerland), Deutsche Telekom AG (Germany),Aeris( France),Vodafone (UK), and T-Mobile (US) among others.

For ease of understanding, IoT Telecom Service Market has been segmented into six key dynamics:

By Component: Connectivity Technology and Network Management Solutions & Services among others.

By Connectivity Technology: Cellular Technologies, Low-power Wide Area Network (LPWAN), Narrowband -IoT (NB-IoT), and Radio Frequency- based among others.

By Network Management Solutions: Network Performance Monitoring & Network Optimization, Network Security Management, and Network Traffic Management among others.

By Service Type: Business Consulting Service, Device & Application Management Service, Installation & Integration Service, IoT Billing& Subscription Management, and M2M Billing Services among others.

By Application: Smart Buildings, Industrial Automation, Vehicle Telematics, Transportation&Traffic management, Energy & Utilities, Smart Healthcare, and Capillary Network Management among others.

By Regions: North America, Asia Pacific, Europe, and the Rest- of - the World.