Telecom IoT Market Size, Share, Growth, And Industry Analysis, By Type (Smart Buildings and Home Automation, Capillary Network Management, Industrial Manufacturing and Automation, Vehicle Telematics, Transportation, Logistics Tracking and Traffic Management, Energy and Utilities and Smart Healthcare), By Application (Connectivity technology market, Services market, and Others), Regional Forecast By 2031

Updated On: 01 April 2024

Telecom IoT Market Report Overview

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The global Telecom IoT market size was USD 19008 million in 2021, as per our research, the market is expected to reach USD 185570 million in 2031, exhibiting a CAGR of 27.71% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the caffeine powder market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

Along with the digital revolution, the Internet of Things (IoT) and machine-to-machine (M2M) technologies have grown in importance and are constantly being improved. To help business, several Telecom operators are now using digital platforms that include connection, mobile, analysis, security, and cloud. This provides them with improved income potential. The development of the Telecom loT market is being supported by some of the primary applications, including automotive telematics, logistics tracking, industrial automation, traffic management, and others. 

COVID-19 Impact: Pandemic Hamper the Demand of the Telecom loT Market

The COVID-19 outbreak has been so severe that it has put a stop to all business operations in all sectors. Many industries are finding it difficult to handle the growing demands on employees' life. As a result, nations have either temporarily shut down several businesses or are operating their sectors of potential. Considering the COVID-19 outbreak, most nations offer employees the ability to work from home. Healthcare is a major adopter of technology and offers huge life-conforming benefits from Telecom IoT market. A number of IoT applications, including telemedicine, linked imaging, inpatient monitoring, medication management, connected health, connected workers, connected ambulances, and many others, have already made their way into the healthcare industry in response to the rise in chronic illnesses.

Latest Trends

"Technology Advancement Improve the Connectivity to Boost Market Growth"

 Over time, there has been a noticeable increase in demand for better connectivity due to technical development and expanding inventiveness. This is anticipated to promote the use of telecom IoT in the telecom sector, consequently fostering market expansion. The need for technology that can enhance data management will also increase along with the amount of data related to telecommunications.

Telecom IoT Market Segmentation

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• By Type Analysis

According to type, the Telecom IoT market can be segmented into Smart Buildings and Home Automation, Capillary Network Management, Industrial Manufacturing and Automation, Vehicle Telematics, Transportation, Logistics Tracking and Traffic Management, Energy and Utilities and Smart Healthcare.

In terms of type, the Smart Buildings and Home Automation is anticipated to be the largest segment during the forecast period.   

• By Application Analysis

Based on application, the Telecom IoT market can be divided into Connectivity technology market, Network management solution market, Services market, and Others.  

In terms of application, Connectivity technology market is projected to hold the largest market share through 2031.

Driving Factors

"Increase Demand of Automation in Communication Operations to Rise Market Growth "

Manufacturers can also stress the significance of IoT and wireless connectivity. The requirement for network bandwidth control and automation in communication operations, as well as an increase in telco usage and the proliferation of smart connected devices, are all expected to propel the market for Telecom IoT market. Additionally, throughout the course of the projection period, the growth of next-generation wireless networks, the adoption of smart technologies, and distributed applications are all expected to offer the telecom IoT market with tremendous potential.

"IoT-Powered Smart Cameras Used for Security will Boost Market Growth."

Security issues might be quite important in outlying areas where pricey technology is being used. In remote areas, the equipment is powered by additional resources like fuel and batteries. For telecom organisations, equipment theft and the theft of consumable resources can be expensive. As a result, telecom businesses need to make sure that strong security measures are put in place. IoT-enabled smart cameras can be installed by telecom firms in their outlying areas. Smart cameras are capable of spotting on-site tampering and instantly notifying the proper authorities.  

Restraining Factors

"Spectrum allocation laws are lacking, which poses a serious barrier to the expansion of the market. "

The lack of spectrum allocation regulations is a significant barrier to industry expansion. IoT platform providers' and Network-as-a-Service providers' interactions with telecom service providers and IoT platform suppliers change regionally due to the highly fragmented nature of the IoT telecom services market. Additionally, telecom service providers are finding it difficult to stay in business due to customer demand for bandwidth-intensive applications and high-quality network experiences. The expansion of the telecom ioT market growth is anticipated to be hampered by regional changes in IoT platform suppliers and the inability of IoT platform providers and Network-as-a-Service providers to establish positive working relationships.

Telecom IoT Market Regional Insights

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"Growing Demand in North America Anticipated to Boost Market Expansion "

 According to analysis, North America is the main region with a significant telecom ioT market share in the region. The expansion of telecom ioT services in this region is being fueled by the increased usage of smart connected devices and technologies as well as telcos' promotion of OTT applications. Through the incorporation of IT tools, IoT in the telecom sector has been improving network service performance. Traditional IT is becoming a useful instrument for managing telecom services. One of the best tools for reducing the expenses related to running network equipment is making its way through the evolving telecom landscape around the globe. IoT is utilized in the telecom sector for many different purposes, including supply chain monitoring, premises monitoring, and product monitoring.

Key Industry Players

"Adoption Experiential Marketing Services by Key Players Influencing Market Development"

The top key players in the market such as AT&T, TeliaSonera, Tele2, Deutsche Telekom, Singtel, Telefónica, SK Telecom, Aeris, Telenor. Most of the top players hold the experiential marketing service market shares. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the Telecom IoT market.

List of Market Players Profiled

• AT&T (U.S.)
• TeliaSonera (Sweden)
• Tele2 (Sweden)
• Deutsche Telekom (Germany)
• Singtel (Singapore)
• Telefónica (Spain)
• SK Telecom (South Korea)
• Aeris (U.S.)
• Telenor (Europe)
• Sprint Corporation (U.S.)
• Rogers Communications (Canada)
• China Mobile (China)
• Vodafone (U.K.)
• Ericsson (Sweden)
• ZTE (China)
• Verizon Communications (U.S.)
• Swisscom AG (Switzerland)

Report Coverage

This report examines an understanding of the Telecom IoT market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.