IoT Telecom Services Market
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5/16/2017 <strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong> Worth 17.67 Billion USD by 2021 /PR Newswire India/<br />
PUNE, India, September 13, 2016 /PRNewswire/ <br />
According to a new market research report "<strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong>by<br />
Component, Connectivity Technology (Cellular, LPWAN, NB<strong>IoT</strong>, and RF<br />
Based), Network Management Solutions, Service (<strong>IoT</strong> Billing & Subscription<br />
and M2m Billing Management), and Application Global Forecast to 2021",<br />
published by <strong>Market</strong>sand<strong>Market</strong>s, market size is estimated to grow from USD 2.90 Billion in 2016 to<br />
USD 17.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 43.6%.<br />
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )<br />
Browse 68 market data Tables and 58 Figures spread through 162 Pages and indepth TOC on "<strong>IoT</strong><br />
<strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong>"<br />
http://www.marketsandmarkets.com/<strong>Market</strong>Reports/iottelecomservicemarket104459962.html<br />
Early buyers will receive 10% customization on this report.<br />
The major forces driving this market are the growing need for enhanced connectivity solution to connect<br />
smart devices, critical need for smart network bandwidth management and automation in backend<br />
communication operations which is an essential prerequisite for streamlining business processes, and<br />
the significant increase in adoption of BYOD among enterprises. Telcos are promoting an OTT<br />
application that helps to boost the adoption of <strong>IoT</strong> telecom services.<br />
Transportation, connected logistics, and traffic management application is expected to grow at<br />
the highest CAGR in the<strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong>during the forecast period<br />
Application of <strong>IoT</strong> with regards to connected logistics allows the clients and logistics providers to make<br />
quick adjustments, in case there is any delay in the shipment. <strong>IoT</strong> services strengthen the supply chain<br />
management by offering them transparency so that they can take effective decisions in realtime. Telcos<br />
offer connectivity solutions to <strong>IoT</strong>enabled smart vehicles and trucks for location and tracking of assets,<br />
and realtime management of logistics services and control systems and smart devices to control and<br />
manage basic home functions automatically over the internet and network connectivity provided by<br />
telecom service providers.<br />
Machine to Machine (M2M) billing management services segment is expected to hold the largest<br />
market share in the<strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong>and the current trend is expected to continue<br />
during the forecast period<br />
M2M billing management services play a vital role in <strong>IoT</strong> telecom services, as they track the usage of<br />
services subscribed by users of M2M connected devices and manages the billing and rating of networkasa<br />
service subscription offered by various telcos in the <strong>IoT</strong> space. As the there are millions of M2M<br />
and <strong>IoT</strong> devices connected over network which generates massive amount of data. This empowers<br />
great revenue opportunity for telecom service providers, by providing a wide range of features including<br />
remote monitoring, ubiquitous connectivity, automatic exchange of data, realtime notification, and many<br />
others which helps in better management of M2M billing of its associated services.<br />
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5/16/2017 <strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong> Worth 17.67 Billion USD by 2021 /PR Newswire India/<br />
North America is expected to contribute the largest market share; AsiaPacific (APAC) to grow at<br />
the fastest rate<br />
North America is expected to hold the largest market share and would dominate the <strong>IoT</strong> <strong>Telecom</strong><br />
<strong>Services</strong> <strong>Market</strong> from 2016 to 2021, due to the presence of a large number of <strong>IoT</strong> telecom service<br />
providers offering tailored solutions to multiple application areas. North America has been witnessing a<br />
high adoption of <strong>IoT</strong> telecom services on a large scale as they are the early adopters of smart<br />
technologies. APAC offers potential growth opportunities for the <strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong> to grow,<br />
as countries in the region are investing heavily in the development of <strong>IoT</strong> telecom services owing to<br />
major instances of rising adoption of smart devices and smart technologies.<br />
Ask for PDF Brochure @http://www.marketsandmarkets.com/pdfdownload.asp?id=104459962<br />
The major vendors in the <strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong> include AT&T, Inc. (U.S.), Ericsson (Sweden),<br />
Verizon Communications, Inc. (U.S.), Deutsche Telekom AG (Germany), and Huawei Technologies Co.,<br />
Ltd. (China), among others.<br />
Browse Related Reports<br />
Internet of Things (<strong>IoT</strong>) <strong>Market</strong> by Software Solution (RealTime Streaming Analytics, Security, Data<br />
Management, Remote Monitoring, & Network Bandwidth Management), Platform, Service, Application<br />
Domain, and Region Global Forecast to 2021<br />
http://www.marketsandmarkets.com/<strong>Market</strong>Reports/internetofthingsmarket573.html<br />
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5/16/2017 <strong>IoT</strong> <strong>Telecom</strong> <strong>Services</strong> <strong>Market</strong> Worth 17.67 Billion USD by 2021 /PR Newswire India/<br />
SOURCE <strong>Market</strong>sand<strong>Market</strong>s<br />
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