IoT Telecom Services Market
                     Market Highlights 
Market Research Future (MRFR), in its latest report on the world IoT telecom services market 
reveals that the IoT telecom services market 2020 can rise at 36.96% CAGR by 2023. As per MRFR 
study, the IoT telecom services global market size can increase from USD 3.45 Bn in 2017 to USD 
22.57 Bn by 2023. The increase in the application of IoT telecom services across different 
industries. It is due to growing need for improved connectivity can drive the IoT telecom services 
market in the year to come. The high demand for IoT telecom services across smart buildings, 
vehicle telematics, and industrial automation can boost the rise of the IoT telecom services global 
market in the assessment period. Moreover, technologies, such as wide-area (LPWAN) and low-
power are actively replacing short-range wireless, along with mobile WAN technologies, such asm 
Wi-Fi, Bluetooth, and Near Field Communication (NFC) for short range applications. This can 
prompt the expansion of the market in the years to come. The high compatibility of IoT applications 
with gadgets of complex infrastructure can boost the expansion of the market.  
Segmentation: 
The world IoT telecom services market segmental study is based on application, component, 
connectivity technology, services type, application, and network management solution. The 
component based segments of the market are network management solution, connectivity 
technology, and services. The connectivity technology based segments of the market are Low-
power Wide Area Network (LPWAN), cellular technologies, radio frequency-based, narrowband-
IoT (NB-IOT), others. The network management solution based segments of the market are 
network performance monitoring and network optimization, network security management, 
network traffic management,   and others. The services type based segments of the market are 
Device and Application Management Services, Business Consulting Services, IoT Billing and 
Subscription Management, Installation and Integration Services, and M2M Billing Services. The 
application based segments of the IoT telecom services market are capillary network management, 
smart buildings, vehicle telematics, industrial automation, energy and utilities, transportation and 
traffic management, transportation and traffic management, smart healthcare, and others.  
Regional Analysis 
MRFR regional study reveals that the market of IoT telecom services is expected to rise significantly 
through 2018 to 2023 in North America. The geographical analysis of the world IoT telecom 
services market across Europe, North America, Asia-Pacific, and the rest of the world brings in 
spotlight various growth pockets. The sharp rise in the North America IoT telecom services market 
can be attributed the presence of tech savvy population. The rise in adoption of IoT enabled 
services across the US owing to the high utility of connected devices and related technologies can 
act as major driver for the IoT telecom services market in the North America region. In Europe, the 
IoT telecom services market can secure the second position in the world IoT telecom services 
market across the review period. In Asia Pacific, the rise in need for IoT enabled services can cause 
the IoT telecom service market to rise at a high CAGR through the forecast period.  
Key Players 
MRFR identified some reputed players operating in the world IoT telecom services market. They 
are; Verizon Communications, Inc. (US), AT&T, Inc. (US), Huawei Technologies Co., Ltd. (China), 
Ericsson (Sweden), Telia (Sweden), Deutsche Telekom AG (Germany), Sprint Corporation (US), 
Aeris (France), Vodafone (UK), and Mobile (US), China Mobile (China), China Telecom (China), and 
Swisscom AG (Switzerland), and among. The contribution of these major players are studied MRFR 
and are inked in the report. Key players of the IoT telecom services market were sorted based on 
origin, regional presence, major developments, and diversification of their product line, plus 
industry expertise.