Internet of Things (IoT) Telecom Services Market Size Analysis, Segmentation For
Posted by Faraz on January 30th, 2020
Internet of Things (IoT) Telecom Services Market is expected to grow at a moderate rate during the forecast period 2019-2025. Technological advancements have led to the growing adoption of IoT in various industry verticals across the globe. Telecom sector is one such sector in which the penetration of IoT has increased significantly. IoT is being used for numerous purposes including remote monitoring of telecom structures, asset monitoring and management, the security of the telecom equipment and analysis of the network usage so as to enhance the customer experience. As the telecom sector has considerable scope across the globe and new technologies being adopted, it is expected to create significant opportunities for IoT in telecom services. It is used as one of the key alternatives to reduce the operational cost of the network infrastructure involved in the telecom industry.
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There are various companies involved in Internet of things telecom services market such as Aeris Communications, Inc., AT&T, Inc., BT Group PLC, Centurylink, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd., IBM Corp.
Cloud technology is being adopted at a significant pace across the globe, giving rise to the adoption of IoT in telecom. This is expected to create opportunities for increasing adoption of IoT in the telecom sector. Furthermore, as the investment in the adoption of smart devices has been increasing, it is expected to further fuel the growth of the market over the forecast period. However, concerns associated with the security of data through IoT may affect the growth of the market during the forecast period. As the technology advances the network operators have been expected to provide fast and uninterrupted connectivity. Owing to which it can have extra baggage on the key players to invest continuously in the new technologies and may affect the market growth over the forecast period.
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Geographically, the market is divided into North America, Asia-Pacific, Europe, and Rest of the World (RoW). North America is expected to dominate the market over the forecast period, this can be attributed to the fact that the adoption of IoT technology has been highest in the region. Moreover, numerous key players have established their base in the region which is expected to further promote the growth of the market. Asia-Pacific region is expected to grow significantly during the forecast period owing to cohesive government policies and growing demand for IoT technology in telecom industry.
The companies are focused on developing advanced IoT telecom services solutions to stay competitive in the market. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share is a key strategy adopted by major market players.
Global IoT Telecom Services Market Segmentation
Global IoT Telecom Services Market by Service Type
Global IoT Telecom Services Market by Application
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About the AuthorFaraz
Joined: November 26th, 2019
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