IoT Telecom Services Market is predicted to reach USD 191.3 Billion at a CAGR of 34.28% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “IoT Telecom Services Market” that contains information from 2018 to 2030. The IoT Telecom Services Market is estimated to register a CAGR of 34.28% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global IoT Telecom Services Market — AT&T, Ericsson, Huawei Technologies, Deutsche Telekom, Vodafone, T-Mobile, Aeris, Sequans Communications, Orange, T-Mobile, Telus, MediaTek, Bharati Airtel Limited, Reliance Jio Infocomm Limited, KDDI Corporation, Orange SA, BT Group plc, Comcast Corporation, Qualcomm, and Snowflake

IoT Telecom Services Market Highlights

The global IoT Telecom Services Market is accounted to register a CAGR of 34.28% during the forecast period and is estimated to reach USD 191.3 Billion by 2030.

The Internet of Things (IoT) Telecom Services Market refers to the segment of the telecommunications industry that provides connectivity and related services for IoT devices. IoT involves connecting various physical objects, devices, and systems to the internet, allowing them to collect and exchange data, communicate, and perform various tasks without human intervention. Telecom services play a crucial role in enabling this connectivity and facilitating the exchange of information between IoT devices.

Segment Analysis

The global IoT Telecom Services Market has been segmented based on Component Type, Service Type, and Application Type.

Based on service type, the global IoT Telecom Services market is segmented into, device and application management, business consulting services, IoT billing and subscription, installation and integration services, M2M billing services, and others. The business consulting services segment accounted for the largest share of this market and is also estimated to grow at a CAGR of 35.23% over the forecast period. With consultants specializing in different industries and areas, including strategy and management, operations, human resources, finances, funding prospects, IT, and sales and marketing, business consultants can offer experience and an objective eye to help steer a business.

Based on service type, the global IoT Telecom Services market is segmented into, device and application management, business consulting services, IoT billing and subscription, installation and integration services, M2M billing services, and others. The business consulting services segment accounted for the largest share of this market and is also estimated to grow at a CAGR of 35.23% over the forecast period. With consultants specializing in different industries and areas, including strategy and management, operations, human resources, finances, funding prospects, IT, and sales and marketing, business consultants can offer experience and an objective eye to help steer a business.

Based on solution type, the global IoT Telecom Services market segmentation includes Smart buildings, Automation, Capillary network management, Vehicle telematics, Energy and utilities, Smart healthcare, and others. The smart buildings segment is anticipated to grow at a CAGR of 36.1% in the upcoming years. The growth of the global market depends on the availability of more mobile networks and smart devices. Worldwide, several firms are developing technologies for smart buildings. Connecting the building system with IoT technology is a growing trend that aims to boost efficiency, convenience, and security by establishing connections between smart devices for networking computer servers, printing, temperature control, and other functions.

Regional Analysis

The global IoT Telecom Services, based on region, has been divided into North America, Europe, Asia-Pacific, and the rest of the world. The North American region is anticipated to grow at a CAGR of 32.73% through the forecast period. Due to the growing usage of linked devices and technologies, this area currently controls the majority of the market for internet of things (IoT) telecom services. The market for internet of things (IoT) telecom services in the area will expand over the forecast period due to the increased usage of IoT telecom services. Also, during the projected period, rising industrial automation in several industries, including healthcare, is anticipated to fuel regional growth.

Asia-Pacific region is anticipated to become the second-largest segment of this market by 2030, with a significant share of 33.1%. Platforms for e-commerce and retailer buy-in, the widespread use of smartphones, and investments in 5G networks are the main factors driving the regional market. Significant regional market growth contributors include China, Japan, and India.  

the lack of spectrum allocation regulations is a significant barrier to industry expansion. IoT platform providers' and Network-as-a-Service providers' interactions with telecom service providers and suppliers change regionally due to the highly fragmented nature of the IoT telecom services market.

Key Findings of the Study

• The global IoT Telecom Services Market is expected to reach USD 191.3 Billion by 2030, at a CAGR of 34.28% during the forecast period.


• The North American region is anticipated to grow at a CAGR of 32.73% through the forecast period. Due to the growing usage of linked devices and technologies, this area currently controls the majority of the market for internet of things (IoT) telecom services.


• Based on service type, the global IoT Telecom Services market is segmented into, device and application management, business consulting services, IoT billing and subscription, installation and integration services, M2M billing services, and others.


• AT&T, Ericsson, Huawei Technologies, Deutsche Telekom, Vodafone, T-Mobile, Aeris, Sequans Communications, Orange, T-Mobile, Telus, MediaTek, Bharati Airtel Limited, Reliance Jio Infocomm Limited, KDDI Corporation, Orange SA, BT Group plc, Comcast Corporation, Qualcomm, and Snowflake