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IoT Telecom Services Market by Component, Connectivity Technology, Network Management Solutions, Service & Application - Global Forecast to 2021 - Research and Markets

[September 22, 2016]

IoT Telecom Services Market by Component, Connectivity Technology, Network Management Solutions, Service & Application - Global Forecast to 2021 - Research and Markets

Research and Markets has announced the addition of the "IoT Telecom Services Market - Global Forecast to 2021" report to their offering.

The IoT Telecom Services Market size is expected to grow from USD 2.90 billion in 2016 to USD 17.67 billion by 2021.

IoT telecom services are instrumental in automating the business operations by leveraging the low-power, high range wireless technologies to reduce the cost of devices, and at the same time, improving the Return on Investment (ROI) of telecom service providers on infrastructural expenses. Major applications such as vehicle telematics, transportation, logistics tracking, traffic management, smart healthcare, and capillary networks management are contributing to the growth of the IoT telecom services market.

North America is expected to hold the largest market share during the forecast period. Due to stringent IoT regulations in place, IoT telecom service providers in this region, such as AT&T (News - Alert) and Verizon, launched a number of innovative IoT telecomservices to cater to various needs of the enterprises and their customers.

The APAC market is expected to witness exponential growth and is projected to be the fastest-growing region for the IoT telecom services market. The region has a competitive advantage over other regions with many players providing local cost-efficient solutions, easy availability of trained labors, and flexible regulations & policies. The growing smart devices market and smart technology in this region is also promoting the growing adoption of IoT telecom services.

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