Global Internet of Things Telecom Services Market Size study & Forecast, by Component, Service Type, Application and Regional Forecasts 2025-2035

Description

The Global Internet of Things (IoT) Telecom Services Market is valued at approximately USD 41.59 billion in 2024 and is anticipated to grow with a robust CAGR of more than 35.23% over the forecast period 2025-2035. IoT telecom services encompass the suite of solutions that enable devices, applications, and enterprises to interconnect seamlessly over telecom networks, driving transformative use cases across industries. As IoT adoption scales exponentially, telecom operators are pivoting toward IoT-centric service offerings to capture new revenue streams and meet escalating demand for real-time connectivity, scalability, and security. The integration of 5G networks, proliferation of edge computing, and increasing reliance on cloud-native infrastructure are significantly enhancing IoT telecom service delivery. Global enterprises are deploying IoT-driven solutions to optimize operational efficiency, accelerate digital transformation, and generate data-driven insights.

The market expansion is further accelerated by the surging adoption of smart devices, rising demand for connected vehicles, and the boom in industrial IoT ecosystems. IoT telecom services are essential for enabling low-latency communication, managing billions of device connections, and orchestrating complex data flows across ecosystems. According to industry estimates, IoT-connected devices worldwide are expected to surpass 29 billion by 2030, creating massive demand for telecom-managed IoT services. Growing smart city projects, coupled with heavy investment in 5G infrastructure, are intensifying opportunities for telecom operators to expand IoT service portfolios. However, concerns related to cybersecurity, interoperability challenges, and high deployment costs remain constraints, particularly for small and medium-sized enterprises, during the forecast period of 2025-2035.

The detailed segments and sub-segments included in the report are:

By Component:

Connectivity Technology
Network Management Solution
Services

By Service Type:

Device And Application Management
Business Consulting Services
IoT Billing And Subscription
Installation And Integration Services
M2M Billing Services

By Application:

Smart Buildings
Automation
Capillary Network Management
Vehicle Telematics
Energy And Utilities
Smart Healthcare
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa
Among the application segments, Smart Buildings are expected to dominate the IoT telecom services market throughout the forecast horizon. The demand for intelligent building solutions, including energy-efficient systems, remote monitoring, and advanced security integration, continues to grow rapidly in both developed and emerging economies. Businesses and governments alike are heavily investing in smart building initiatives to reduce operational costs, enhance sustainability, and improve occupant experiences. Telecom providers play a pivotal role in enabling these ecosystems by delivering secure, high-speed connectivity and network orchestration tailored for complex smart infrastructure.
In terms of revenue contribution, Device and Application Management services currently lead the IoT telecom services market. These services are indispensable for handling the scale, complexity, and lifecycle management of IoT devices across multiple verticals. Telecom operators are increasingly offering integrated platforms to provision devices, update software remotely, and manage real-time performance metrics. While device and application management is the revenue backbone today, IoT billing and subscription services are rapidly emerging, fueled by enterprises embracing subscription-based models and flexible billing mechanisms for diverse IoT deployments.
The key regions considered for the Global Internet of Things (IoT) Telecom Services Market study include North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America currently dominates due to its advanced telecom infrastructure, early rollout of 5G networks, and strong presence of leading IoT service providers. Europe follows closely, driven by stringent regulatory standards, digital transformation initiatives, and widespread adoption across automotive and healthcare sectors. Asia Pacific, however, is anticipated to be the fastest-growing region during the forecast period, supported by massive industrial automation projects, rising smart city initiatives, and the rapid expansion of mobile and internet penetration across China, India, and Southeast Asia. Latin America and the Middle East & Africa are gradually emerging, bolstered by growing telecom investments and increasing IoT adoption in smart utilities and transportation.

Major market players included in this report are:

AT&T Inc.
Verizon Communications Inc.
Vodafone Group Plc
China Mobile Limited
Deutsche Telekom AG
Telefonica S.A.
Orange S.A.
BT Group Plc
NTT Communications Corporation
SK Telecom Co., Ltd.
T-Mobile US, Inc.
Cisco Systems, Inc.
Huawei Technologies Co., Ltd.
Ericsson AB
Nokia Corporation

Global Internet of Things (IoT) Telecom Services Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Internet of Things (IoT) Telecom Services Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global Internet of Things (IoT) Telecom Services Market Forces Analysis

3.1. Market Forces Shaping The Global Internet of Things (IoT) Telecom Services Market (2024-2035)
3.2. Drivers
- 3.2.1. integration of 5G networks
- 3.2.2. proliferation of edge computing
3.3. Restraints
- 3.3.1. high deployment costs
3.4. Opportunities
- 3.4.1. surging adoption of smart devices

Chapter 4. Global Internet of Things (IoT) Telecom Services Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Internet of Things (IoT) Telecom Services Market Size & Forecasts by Component 2025-2035

5.1. Market Overview
5.2. Global Internet of Things (IoT) Telecom Services Market Performance - Potential Analysis (2025)
5.3. Connectivity Technology
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
5.4. Network Management Solution
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
5.5. Services
- 5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.5.2. Market size analysis, by region, 2025-2035

Chapter 6. Global Internet of Things (IoT) Telecom Services Market Size & Forecasts by Service Type 2025-2035

6.1. Market Overview
6.2. Global Internet of Things (IoT) Telecom Services Market Performance - Potential Analysis (2025)
6.3. Device And Application Management
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
6.4. Business Consulting Services
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
6.5. IoT Billing And Subscription
- 6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.5.2. Market size analysis, by region, 2025-2035
6.6. Installation And Integration Services
- 6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.6.2. Market size analysis, by region, 2025-2035
6.7. M2M Billing Services
- 6.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.7.2. Market size analysis, by region, 2025-2035

Chapter 7. Global Internet of Things (IoT) Telecom Services Market Size & Forecasts by Application 2025-2035

7.1. Market Overview
7.2. Global Internet of Things (IoT) Telecom Services Market Performance - Potential Analysis (2025)
7.3. Smart Buildings
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
7.4. Automation
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
7.5. Capillary Network Management
- 7.5.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.5.2. Market size analysis, by region, 2025-2035
7.6. Vehicle Telematics
- 7.6.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.6.2. Market size analysis, by region, 2025-2035
7.7. Energy And Utilities
- 7.7.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.7.2. Market size analysis, by region, 2025-2035
7.8. Smart Healthcare
- 7.8.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.8.2. Market size analysis, by region, 2025-2035
7.9. Others
- 7.9.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.9.2. Market size analysis, by region, 2025-2035

Chapter 8. Global Internet of Things (IoT) Telecom Services Market Size & Forecasts by Region 2025-2035

8.1. Growth Internet of Things (IoT) Telecom Services Market, Regional Market Snapshot
8.2. Top Leading & Emerging Countries
8.3. North America Internet of Things (IoT) Telecom Services Market
- 8.3.1. U.S. Internet of Things (IoT) Telecom Services Market
  - 8.3.1.1. Component breakdown size & forecasts, 2025-2035
  - 8.3.1.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.3.1.3. Application breakdown size & forecasts, 2025-2035
- 8.3.2. Canada Internet of Things (IoT) Telecom Services Market
  - 8.3.2.1. Component breakdown size & forecasts, 2025-2035
  - 8.3.2.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.3.2.3. Application breakdown size & forecasts, 2025-2035
8.4. Europe Internet of Things (IoT) Telecom Services Market
- 8.4.1. UK Internet of Things (IoT) Telecom Services Market
  - 8.4.1.1. Component breakdown size & forecasts, 2025-2035
  - 8.4.1.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.4.1.3. Application breakdown size & forecasts, 2025-2035
- 8.4.2. Germany Internet of Things (IoT) Telecom Services Market
  - 8.4.2.1. Component breakdown size & forecasts, 2025-2035
  - 8.4.2.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.4.2.3. Application breakdown size & forecasts, 2025-2035
- 8.4.3. France Internet of Things (IoT) Telecom Services Market
  - 8.4.3.1. Component breakdown size & forecasts, 2025-2035
  - 8.4.3.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.4.3.3. Application breakdown size & forecasts, 2025-2035
- 8.4.4. Spain Internet of Things (IoT) Telecom Services Market
  - 8.4.4.1. Component breakdown size & forecasts, 2025-2035
  - 8.4.4.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.4.4.3. Application breakdown size & forecasts, 2025-2035
- 8.4.5. Italy Internet of Things (IoT) Telecom Services Market
  - 8.4.5.1. Component breakdown size & forecasts, 2025-2035
  - 8.4.5.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.4.5.3. Application breakdown size & forecasts, 2025-2035
- 8.4.6. Rest of Europe Internet of Things (IoT) Telecom Services Market
  - 8.4.6.1. Component breakdown size & forecasts, 2025-2035
  - 8.4.6.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.4.6.3. Application breakdown size & forecasts, 2025-2035
8.5. Asia Pacific Internet of Things (IoT) Telecom Services Market
- 8.5.1. China Internet of Things (IoT) Telecom Services Market
  - 8.5.1.1. Component breakdown size & forecasts, 2025-2035
  - 8.5.1.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.5.1.3. Application breakdown size & forecasts, 2025-2035
- 8.5.2. India Internet of Things (IoT) Telecom Services Market
  - 8.5.2.1. Component breakdown size & forecasts, 2025-2035
  - 8.5.2.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.5.2.3. Application breakdown size & forecasts, 2025-2035
- 8.5.3. Japan Internet of Things (IoT) Telecom Services Market
  - 8.5.3.1. Component breakdown size & forecasts, 2025-2035
  - 8.5.3.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.5.3.3. Application breakdown size & forecasts, 2025-2035
- 8.5.4. Australia Internet of Things (IoT) Telecom Services Market
  - 8.5.4.1. Component breakdown size & forecasts, 2025-2035
  - 8.5.4.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.5.4.3. Application breakdown size & forecasts, 2025-2035
- 8.5.5. South Korea Internet of Things (IoT) Telecom Services Market
  - 8.5.5.1. Component breakdown size & forecasts, 2025-2035
  - 8.5.5.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.5.5.3. Application breakdown size & forecasts, 2025-2035
- 8.5.6. Rest of APAC Internet of Things (IoT) Telecom Services Market
  - 8.5.6.1. Component breakdown size & forecasts, 2025-2035
  - 8.5.6.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.5.6.3. Application breakdown size & forecasts, 2025-2035
8.6. Latin America Internet of Things (IoT) Telecom Services Market
- 8.6.1. Brazil Internet of Things (IoT) Telecom Services Market
  - 8.6.1.1. Component breakdown size & forecasts, 2025-2035
  - 8.6.1.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.6.1.3. Application breakdown size & forecasts, 2025-2035
- 8.6.2. Mexico Internet of Things (IoT) Telecom Services Market
  - 8.6.2.1. Component breakdown size & forecasts, 2025-2035
  - 8.6.2.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.6.2.3. Application breakdown size & forecasts, 2025-2035
8.7. Middle East and Africa Internet of Things (IoT) Telecom Services Market
- 8.7.1. UAE Internet of Things (IoT) Telecom Services Market
  - 8.7.1.1. Component breakdown size & forecasts, 2025-2035
  - 8.7.1.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.7.1.3. Application breakdown size & forecasts, 2025-2035
- 8.7.2. Saudi Arabia (KSA) Internet of Things (IoT) Telecom Services Market
  - 8.7.2.1. Component breakdown size & forecasts, 2025-2035
  - 8.7.2.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.7.2.3. Application breakdown size & forecasts, 2025-2035
- 8.7.3. South Africa Internet of Things (IoT) Telecom Services Market
  - 8.7.3.1. Component breakdown size & forecasts, 2025-2035
  - 8.7.3.2. Service Type breakdown size & forecasts, 2025-2035
  - 8.7.3.3. Application breakdown size & forecasts, 2025-2035

Chapter 9. Competitive Intelligence

9.1. Top Market Strategies
9.2. AT&T Inc.
- 9.2.1. Company Overview
- 9.2.2. Key Executives
- 9.2.3. Company Snapshot
- 9.2.4. Financial Performance (Subject to Data Availability)
- 9.2.5. Product/Services Port
- 9.2.6. Recent Development
- 9.2.7. Market Strategies
- 9.2.8. SWOT Analysis
9.3. Verizon Communications Inc.
9.4. Vodafone Group Plc
9.5. China Mobile Limited
9.6. Deutsche Telekom AG
9.7. Telefonica S.A.
9.8. Orange S.A.
9.9. BT Group Plc
9.10. NTT Communications Corporation
9.11. SK Telecom Co., Ltd.
9.12. T-Mobile US, Inc.
9.13. Cisco Systems, Inc.
9.14. Huawei Technologies Co., Ltd.
9.15. Ericsson AB
9.16. Nokia Corporation