The estimated value of the global telecom Internet of Things (IoT) in 2022 was US$ 45,733.3 million. With a predicted CAGR of 21.9% from 2022 to 2032, the market is anticipated to reach a value of close to US$ 3,31,542.6 Million by 2032 due to an increasing demand for improved connectivity solutions to connect smart devices.
Telecom companies can use their infrastructure to offer cutting-edge services like IoT-managed services, specialised consumer applications, and wide-area IoT solutions. Telecom service providers can offer their own IoT solutions to a variety of organisation verticals with the aid of a highly adaptable IoT cloud platform.
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Telecom Internet of Things (IoT) market: Drivers and Challenges
Drivers
The major factor driving Telecom Internet of Things market is the growing need for enhanced connectivity solutions to connect smart devices. Moreover, the increased demand of mobile computing devices and network capacity to access connected services are the drivers which are contributing to the growth of global telecom Internet of Things market.
Apart from this, the rising demand of telecommunication cloud for smart network bandwidth management and automation in communication operations are driving the Telecom Internet of Things market. Moreover the enhancement of smart technology and distributed application will increase the demand for Telecom Internet of Things market.
Challenges
The major challenge for the IoT telecom market is that the network operator should be able to offer fast, reliable and uninterrupted connectivity. Also, with the increase of connected devices and management of personal data, the privacy and security of customer information is the significant issue for the companies in Telecom Internet of Things market.
Market Participants
- Telstra
- Orange
- Sierra Wireless
- T-Mobile
- PureSoftware
- Telus
- MediaTek
- Sequans Communications
- AT&T, Inc.
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Telecom Internet of Things (IoT) market: Regional Overview
On geographic basis, North America will be the largest market due to stringent IoT regulations and the presence of large number of telecom Internet of Things service providers in this region. The market in APAC is expected to witness exponential growth in Telecom Internet of Things market and it is the fastest growing region for the telecom Internet of Things service market due to growing smart devices market and smart technology and experiencing the large number of early adopters of smart technology.
Key Segments Of The Telecom Internet Of Things (Iot) Market
By Connectivity Technology:
- Cellular Technologies
- NB-IoT
- LPWAN
- RF-Based
By Offering:
- Solution
- Services
By Network Management Solution:
- Network Traffic Management
- Network Performance Monitoring and Optimization
- Network Security Management
By End-User:
- Automotive
- Industrial
- Energy and Power
- Commercial Infrastructure
- Healthcare
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
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