The global telecom internet of things (IoT) market is expected to grow at a significant CAGR during the forecast period. The Internet of Things (IoT) telecom services is a set of services provided by telecom companies to their commercial clients to facilitate the deployment of smart connectivity technologies into their networks and business processes. These services include improved data security and privacy, interoperability, asset management, real-time analytics, and much more. Telcos are largely using IoT telecom services to provide important machine-centric connections for their commercial clients. IoT telecom services primarily address the important need for continuous connectivity and smart network monitoring.
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The rising demand for improved connection options to connect smart devices is a significant driver driving the global telecom internet of things market. Furthermore, the growing demand for mobile computing devices and network capacity to access connected services are driving the growth of the global telecom internet of things market. In addition, the growing need for telecommunication cloud for smart network bandwidth control and automation in communication operations is propelling the global telecom internet of things market. Furthermore, advancements in smart technologies and dispersed applications will drive demand for the telecom internet of things market globally.
In August 2021, IBM announced the extension of the capabilities of the 5G industry 4.0 tested at IBM’s Industry Solution Laboratory in Coppell, Texas, due to a cooperation with Verizon. The lab will now allow corporate clients to test and create innovations in 5G-enabled use cases for Industry 4.0 applications.
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Market Coverage
- Segment Covered-
o By Technology
o By Service
o By Application
- Competitive Landscape- Ericsson, Verizon Communications, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd., and Sprint Corporation, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Internet of Things (IoT) Market by Segments:
- By Technology
- Cellular Technologies
- LPWAN
- NB-IoT
- RF-Based
- By Service
- Business Consulting Services
- Device and Application Management Services
- Installation and Integration Services
- IoT Billing and Subscription Management
- M2M Billing Management
- By Application
- Smart Building and Home Automation
- Capillary Networks Management
- Industrial Manufacturing and Automation
- Vehicle Telematics
- Transportation, Logistics Tracking, and Traffic Management
- Energy and Utilities
- Smart Healthcare
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