IoT Telecom Services Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s IoT Telecom Services Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LANDON, GREATER LANDON, UK, November 17, 2023 /EINPresswire.com/ — The global IoT telecom services market is poised for substantial growth, with estimates indicating a rise from $13.61 billion in 2022 to $18.46 billion in 2023, at an impressive compound annual growth rate (CAGR) of 35.7%. Further, the market size is projected to expand to $62.44 billion by 2027, driven by a surge in the adoption of 5G networks worldwide.
Seizing Opportunities in the Thriving IoT Telecom Services Market
Explore the sample report to gain an in-depth understanding of the IoT telecom services market dynamics and emerging trends:
Key Segments and Market Trends
The market is segmented based on service type, connectivity, network management solution, and application of IoT telecom services. Major players such as Verizon, IBM, and Telefonica SA are actively contributing to the market’s growth through technological advancements and innovative solutions, including integrated IoT offerings. These solutions are designed to cater to various industries, such as smart infrastructure, smart mobility, and smart utilities.
• By Service Type: Business Consulting Services, Device and Application Management Services, Installation and Integration Services, IoT Billing and Subscription Management, M2M Billing Management
• By Connectivity: Cellular Technologies, LPWAN, NB-IoT, Radio Frequency-Based
• By Network Management Solution: Network Performance Monitoring and Optimization, Network Traffic Management, Network Security Management
• By Application: Smart Building and Home Automation, Capillary Networks Management, Industrial Manufacturing and Automation, Energy and Utilities, Smart Healthcare, Other Applications
Geographical Insights: North America Leads, Asia-Pacific Poised for Significant Growth
North America currently holds the largest share in the IoT telecom services market, while Asia-Pacific is anticipated to demonstrate significant growth during the forecast period.
Gain comprehensive insights into the regional dynamics and emerging trends in the complete report:
IoT Telecom Services Global Market Report 2023from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The IoT Telecom Services Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on IoT telecom services market size, IoT telecom services market drivers and trends, market major players, competitors’ revenues, market positioning, and market growth across geographies. The services market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as The Global IoT Telecom Services Market to Reach $62.44 Billion by 2027