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IoT Telecom Services Market Worth 17.67 Billion USD by 2021


News provided by

MarketsandMarkets

13 Sep, 2016, 13:30 GMT

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PUNE, India, September 13, 2016 /PRNewswire/ --

According to a new market research report "IoT Telecom Services Market by Component, Connectivity Technology (Cellular, LPWAN, NB-IoT, and RF-Based), Network Management Solutions, Service (IoT Billing & Subscription and M2m Billing Management), and Application - Global Forecast to 2021", published by MarketsandMarkets, market size is estimated to grow from USD 2.90 Billion in 2016 to USD 17.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 43.6%.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 68 market data Tables and 58 Figures spread through 162 Pages and in-depth TOC on "IoT Telecom Services Market"

http://www.marketsandmarkets.com/Market-Reports/iot-telecom-service-market-104459962.html 

Early buyers will receive 10% customization on this report.

The major forces driving this market are the growing need for enhanced connectivity solution to connect smart devices, critical need for smart network bandwidth management and automation in backend communication operations which is an essential pre-requisite for streamlining business processes, and the significant increase in adoption of BYOD among enterprises. Telcos are promoting an OTT application that helps to boost the adoption of IoT telecom services.

Transportation, connected logistics, and traffic management application is expected to grow at the highest CAGR in the IoT Telecom Services Market during the forecast period 

Application of IoT with regards to connected logistics allows the clients and logistics providers to make quick adjustments, in case there is any delay in the shipment. IoT services strengthen the supply chain management by offering them transparency so that they can take effective decisions in real-time. Telcos offer connectivity solutions to IoT-enabled smart vehicles and trucks for location and tracking of assets, and real-time management of logistics services and control systems and smart devices to control and manage basic home functions automatically over the internet and network connectivity provided by telecom service providers.

Machine to Machine (M2M) billing management services segment is expected to hold the largest market share in the IoT Telecom Services Market and the current trend is expected to continue during the forecast period 

M2M billing management services play a vital role in IoT telecom services, as they track the usage of services subscribed by users of M2M connected devices and manages the billing and rating of network-as-a service subscription offered by various telcos in the IoT space. As the there are millions of M2M and IoT devices connected over network which generates massive amount of data. This empowers great revenue opportunity for telecom service providers, by providing a wide range of features including remote monitoring, ubiquitous connectivity, automatic exchange of data, real-time notification, and many others which helps in better management of M2M billing of its associated services.

North America is expected to contribute the largest market share; Asia-Pacific (APAC) to grow at the fastest rate 

North America is expected to hold the largest market share and would dominate the IoT Telecom Services Market from 2016 to 2021, due to the presence of a large number of IoT telecom service providers offering tailored solutions to multiple application areas. North America has been witnessing a high adoption of IoT telecom services on a large scale as they are the early adopters of smart technologies. APAC offers potential growth opportunities for the IoT Telecom Services Market to grow, as countries in the region are investing heavily in the development of IoT telecom services owing to major instances of rising adoption of smart devices and smart technologies.

Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=104459962

The major vendors in the IoT Telecom Services Market include AT&T, Inc. (U.S.), Ericsson (Sweden), Verizon Communications, Inc. (U.S.), Deutsche Telekom AG (Germany), and Huawei Technologies Co., Ltd. (China), among others.

Browse Related Reports 

Internet of Things (IoT) Market by Software Solution (Real-Time Streaming Analytics, Security, Data Management, Remote Monitoring, & Network Bandwidth Management), Platform, Service, Application Domain, and Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/internet-of-things-market-573.html

About MarketsandMarkets  

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets INC.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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