Increased Adoption and Technological Advancements to Bolster Global Telecom IoT Market; Projected to Register 42.0% CAGR 2016-2020

Published Date : Dec 26, 2016

ALBANY, NY, Dec 26, 2016: A new research study has been recently added by to its vast repository of market intelligence studies. The 87-page research report, titled “Global Telecom IoT Market 2016-2020,” offers a comprehensive reports, presenting insights into the developments and promising opportunities in the overall market. The study throws light on the key growth drivers, barriers, latest trends, and limitations in the global telecom IoT market.

In addition, an in-depth reports of the product segmentation, key applications, technological developments, geographical segmentations, and the competitive landscape of the market have been provided in the research study. According to the research study, the global telecom IoT market is likely to register a remarkable 42.0% CAGR between 2016 and 2020. The growing demand for network capacity in order to access connected services is predicted to bolster global market in the coming years.

The global telecom IoT market can be classified on the basis of application into product, customer, supply chain, and premises monitoring. At present, the product monitoring segment leads the global telecom IoT market with a key share; however, this segment is projected to lose its share in the next few years. As customer monitoring comprises real-time location-based advertising, which is supported by sensor-equipped smartphones helps the players in enhancing the effectiveness of their advertising activities. This is estimated to fuel the growth of the customer monitoring segment throughout the forecast period.

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On the basis of business area, the global telecom IoT market has been divided into smart building, smart manufacturing, smart mobility, smart energy, and smart healthcare. As per the study, the smart building segment is projected to lead the global market and hold a key share in the coming years. Several benefits offered by smart buildings such as reduced maintenance costs and low water consumption are expected to encourage the growth of this segment in the next few years. In addition, the demand for smart buildings is anticipated to rise, thanks to the growing need to facilitate users track and reduce the use of electricity with the help of monitoring devices, security systems, and smart meters.

The global telecom IoT market is competitive in nature with a presence of a large and well-established regional and international players. Key players in the market are emphasizing on increasing their footprint and new product development in order to attain a leading position in the global market. In addition, the rising number of technological innovations, collaborations, and mergers and acquisitions are likely to contribute towards the development of the overall market.

The leading players operating in the market are Vodafone, Ericsson, China Mobile, Deutsche Telekom, Verizon Communications, and AT&T. Some of the other key players mentioned in the research study are Orange Business Services, TeliaSonera, SK Telecom, Rogers Communications, MTN, ZTE, Tele2, Telenor, Sprint, Huawei Technologies, Telefónica, Aeris, China Unicom, China Telecom, KT, and Singtel. Detailed profiles of these players have been provided in the research report to offer a clear understanding of the global telecom IoT market.

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