The report of Global IoT Telecom Services Market network connectivity type (cellular technologies, LPWAN, NB-IoT and RF-Based), network management solution (network performance monitoring and optimization, network traffic management and network security management) service type (business consulting services, device and application management services, installation and integration services, iot billing and subscription management and m2m billing management), application(smart building and home automation, capillary networks management, industrial, manufacturing and automation, vehicle telematics, transportation, logistics tracking, and traffic management and energy and utilities), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 43.80 % during a forecast period.
Machine to Machine (M2M) billing management services segment is expected to hold the largest market share in the IoT telecom services market.
M2M billing management services are playing a crucial role in IoT telecom services. IoT devices are generating massive amount of data because of millions of M2M and IoT devices connected over network. It empowers great revenue opportunity for telecom service providers, by delivering a wide range of features like remote monitoring, ubiquitous connectivity, automatic exchange of data, real-time notification, and many others.
The Asia Pacific region is projected to grow at a XX% rate of CAGR during the forecast period.
By region, global IoT telecom services market is segmented into North America, Europe, Middle East & Africa, South America, and Asia Pacific. Among these, the Asia Pacific region is expected to contribute XX% share in the global market. An increase in the penetration of the mobile and presence of the large consumer base is expected to boost the regional market growth. Technological developments, growth in the economic outlook and high GDP per capita in developed Asia-Pacific are also driving the growth in the market.
Key players operating in the Global IoT Telecom Services Market includes AT&T, Inc., Deutsche Telekom AG, Huawei Technologies Co., Ltd, Ericsson, Verizon Communications, Inc., Aeris, China Mobile Ltd., Vodafone Group PLC., T-Mobile USA, Inc., Sprint Corporation and Swisscom AG.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global IoT Telecom Services Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global IoT Telecom Services Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global IoT Telecom Services Market positioning of competitors.
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