Topnewspro.com The “Global Telecom IoT Market” report has been added by Logic Research and Solutions.
Telecom IoT market is expected to witness healthy growth in the coming future due to the rising demand for connected devices with rising internet penetration. The huge demand for wearable devices and services among various sectors such as healthcare and connected homes in order to offer improved healthcare solution is also driving the market. Further, the development in sensor technologies and Internet-enabled devices is leading to the growth of telecom IoT market.
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The adoption of intelligent transport management system (TMS) and smart metering are driving the market. The rapid development of smart grids with increasing demand for network capacity to access connected services is driving the market.
The Global Telecom IoT market is expected to reach $19 Billion at a CAGR of 42% by 2021.
Segmentation of Telecom IoT market:
The Telecom IoT market has been segmented into three major categories that include application and Industry and End-User. The Application segmentation vehicle monitoring, transportation, logistics tracking, traffic management, smart healthcare, and capillary networks management among others. The Telecom IoT market has been segmented geographical into four regions that include North –America, Europe, Asia-pacific and Rest of the world.
The major key players in Telecom IoT market include- AT&T, Inc. (U.S.), Deutsche Telekom AG (Germany), Verizon Communications, Inc. (U.S.), China Telecommunications Corporation (China) ,Ericsson (Sweden), Telefónica, S.A. (Spain), Vodafone Group plc (U.K.), Temasek Holdings Private Limited (Singapore), Sprint Corporation (U.S.), Huawei Technologies Co., Ltd. (China), among others.
According to the report, North-America has been identified as the fastest growing market due to the increasing adoption of telecom IoT services in this region. In North-America, U.S. holds the largest share due to the strong economy and rising presence of major key players. Europe is also on the growing market due to its early adoption and high demand of Telecom IoT in automotive and household applications. Asia -Pacific is expected to lead the market due to the increasing number of Smartphone users in countries such as China and India.
Global Telecom IoT Market Forecast
This research report provides –
- The in-depth analysis of this market based on the respective segmentation and market size including major geographies & current market trends.
- It offers a comprehensive study of market dynamics, major industry growth and restraining factors along with forecasting of the market in coming years.
- The Report includes recent development and trends in the global market with detailed competitive landscape and identification of the major key players along with complete value chain analysis.