PUBLISHER: Allied Market Research | PRODUCT CODE: 1225112
PUBLISHER: Allied Market Research | PRODUCT CODE: 1225112
With the advent of the digital age, the Internet of Things is no longer a radically new concept; instead, it has become an everyday practice that is constantly being improved upon and expanded. Around the world, IoT solutions are actively being implemented in a variety of industries. Recently, the telecom sector has witnessed a significant increase in the use of IoT, and this trend is predicted to continue.Therefore, adopting novel, forward-thinking, and customized strategies is essential. For telecom companies looking to embrace the digital age, gain a significant competitive edge, and take full advantage of the opportunities that contemporary technology presents, the deployment of IoT-based initiatives is now a need. The reality is that Internet of Things (IoT) communication tactics have been profoundly altering the technical landscape and establishing a new universe. IoT for telecom operators offers a variety of benefits and prospects, transforming the telecom industry. It is anticipated that the Internet of Things will continue to alter how telecommunications service providers facilitate connectivity between gadgets and humans. As a result, telecommunications firms must create fresh IoT solutions for the clients..
Surge in increase in adoption of technological advancement and innovation and IoT powered smart cameras for security primarily drive the growth of the IoT telecom services market. However, lack of guidelines for spectrum allocation hampers the market growth to some extent. Moreover, adoption of blockchain technology is expected to provide lucrative opportunities for the market growth during the forecast period.
The global loT telecom services market is segmented on the basis of connectivity, network management solution, service type, and application. On the basis of connectivity, it is divided into cellular technology, LPWAN, NB-IoT and FR-Based. On the basis of network management solution, it is classified into network performance monitoring and optimization, network traffic management and network security management. On the basis of service type, it is divided into business consulting services, devices and application management solution, installation and integration services, IoT billing and subscription management and M2M billing management. On the basis of application, it is classified into smart building and home automation, capillary network management, industrial manufacturing and automation, vehicle telematics, energy and utilities, smart healthcare and others (transportation). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the market include Telstra, Orange, Sequans Communication, Telus Corporation, MediaTek Inc, LM Ericsson Telephone Company, Vodafone Idea Ltd, Sierra Wireless, Puresoftware Ltd, and T-Mobile. Furthermore, it highlights the strategies of the key players to improve the market share and sustain competition.
By Connectivity
By Network Management Solution
By Service Type
By Application
By Region