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    US IoT Telecom Services Market

    ID: MRFR/ICT/17134-HCR
    100 Pages
    Garvit Vyas
    September 2025

    US IoT Telecom Services Market Research Report: By Component (Connectivity Technology, Network Management Solution, Services), By Service Type (Device And Application Management, Business Consulting Services, IOT Billing And Subscription, Installation And Integration Services, M2M Billing Services) and By Application (Smart Buildings, Automation, Capillary Network Management, Vehicle Telematics, Energy And Utilities, Smart Healthcare, Others) - Forecast to 2035

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    US IoT Telecom Services Market Summary

    The United States IoT Telecom Services market is poised for substantial growth, projected to reach 273.4 USD Billion by 2035 from a base of 10.7 USD Billion in 2024.

    Key Market Trends & Highlights

    US IoT Telecom Services Key Trends and Highlights

    • The market valuation is expected to grow from 10.7 USD Billion in 2024 to 273.4 USD Billion by 2035.
    • The compound annual growth rate (CAGR) for the period from 2025 to 2035 is estimated at 34.26%.
    • This rapid expansion indicates a robust demand for IoT telecom services across various sectors in the United States.
    • Growing adoption of IoT technology due to increasing connectivity needs is a major market driver.

    Market Size & Forecast

    2024 Market Size 10.7 (USD Billion)
    2035 Market Size 273.4 (USD Billion)
    CAGR (2025-2035) 34.26%

    Major Players

    SAP, Ericsson, Dell Technologies, Sprint Corporation, Hewlett Packard Enterprise, Oracle, Verizon Communications, IBM, Amazon Web Services, Microsoft, AT and T, TMobile US, Google Cloud, Cisco Systems, Siemens

    US IoT Telecom Services Market Trends

    The US IoT Telecom Services market is experiencing notable trends driven by increasing connectivity demands and advancements in technology. The growth in smart city initiatives across various states has become a significant market driver, as local governments invest in infrastructure to improve service delivery, public safety, and sustainability. Alongside this, the adoption of 5G technology is rapidly transforming IoT connectivity, allowing for faster data transmission rates and supporting a larger number of connected devices. This evolution presents opportunities for telecom providers to develop innovative IoT solutions tailored to various industries such as healthcare, manufacturing, and agriculture.

    Additionally, the increased focus on security concerns related to data privacy has propelled the demand for secure IoT services in the US. Businesses are actively seeking telecom partners who can offer robust cybersecurity measures to safeguard their connected devices. As remote monitoring and control gain traction in sectors like healthcare and logistics, the demand for IoT telecom services is also expected to rise. These trends highlight the ongoing evolution of IoT applications and the potential for telecom companies to leverage partnerships to enhance service offerings.

    Market Segment Insights

    IoT Telecom Services Market Component Insights

    The Component segment of the US IoT Telecom Services Market is pivotal in defining the landscape of connectivity and innovation. It encompasses various critical elements such as Connectivity Technology, Network Management Solutions, and Services, each playing a significant role in advancing IoT infrastructure across different sectors. The rise of Connectivity Technology reflects the growing demand for seamless and efficient communication protocols in industries as diverse as manufacturing, healthcare, and smart cities.

    As organizations increasingly utilize IoT devices, the importance of robust network management solutions becomes evident.These solutions help in monitoring and optimizing network performance, ensuring reliability and security, which are crucial for deploying scalable IoT applications. Furthermore, the Services aspect of this segment includes both professional and managed services, providing essential support in areas such as integration, maintenance, and analytics. The combination of these components is driving the integration of IoT applications into everyday business operations, leading to enhanced efficiency and productivity.

    Moreover, the increasing trend toward digital transformation in the US not only propels the demand for these components but also encourages innovation, with numerous companies exploring the potential of 5G technology to enhance connectivity capabilities further.While the market growth presents a wealth of opportunities, it also poses challenges, such as the need for uniform standards and regulations to ensure interoperability among devices.

    As stakeholders continue to navigate these complexities, the Component segment is set to play an increasingly significant role in shaping the future of the US IoT Telecom Services Market, ensuring the successful execution of IoT strategies across various industries. The impact of government initiatives and investments in infrastructure also cannot be overlooked, as they provide essential support for expanding IoT capabilities, creating an ecosystem conducive to growth and enhancing the overall efficiency of telecommunication services.With ongoing advancements and the growing reliance on IoT technology, the Component segment is expected to maintain its critical status in the ever-evolving telecommunication landscape.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    IoT Telecom Services Market Service Type Insights

    The US IoT Telecom Services Market, particularly the Service Type segment, plays a crucial role in the overall growth and development of the industry. This sector encompasses a variety of essential services, including Device and Application Management, which is pivotal for ensuring seamless connectivity and performance of IoT devices. Business Consulting Services significantly contributes by guiding organizations in strategic planning and implementation of IoT solutions. Moreover, IoT Billing and Subscription services are central to managing the financial aspects of these services, providing flexibility and automation in billing processes.

    Installation and Integration Services facilitate the deployment of IoT systems, ensuring that devices and infrastructure work cohesively together. Lastly, M2M Billing Services are vital as they cater to the unique needs of machine-to-machine communications, supporting a growing number of connected devices. Each of these components is increasingly important in responding to the challenges and opportunities presented by the evolving technological landscape, driving innovation and optimization within the US IoT Telecom Services Market. With a focus on enhancing efficiency and user experience, the industry is positioned for substantial growth fueled by these essential service offerings.

    IoT Telecom Services Market Application Insights

    The Application segment of the US IoT Telecom Services Market is seeing significant traction as various industries leverage IoT solutions for enhanced operational efficiency and connectivity. Smart Buildings, which focus on automation and control systems, are redefining how infrastructure operates, leading to optimized energy consumption and improved comfort levels. Automation in industrial settings plays a crucial role in enhancing productivity and minimizing downtime through data-driven insights. Capillary Network Management is also critical, as it supports the effective handling of distributed resources and enhances service delivery.

    Vehicle Telematics is transforming transportation management by providing real-time data that optimize fleet operations and improve safety. The Energy and Utilities sector benefits from IoT applications that enable smart grid solutions, ensuring better energy management and sustainability practices. Smart Healthcare emerges as a vital area, enabling remote patient monitoring and enhancing care efficiency, which is increasingly essential in the evolving healthcare landscape. Other applications complement these initiatives, driving innovation across various fields.Collectively, these applications represent a dynamic arena within the US IoT Telecom Services Market, showcasing substantial market growth potential fueled by ongoing technological advancements and increasing demand across industries.

    Get more detailed insights about US IoT Telecom Services Market Research Report - Forecast till 2035

    Key Players and Competitive Insights

    The competitive landscape of the US IoT Telecom Services Market is characterized by rapid innovation and an influx of new technologies that enhance connectivity and enable advanced data analytics. As organizations increasingly adopt Internet of Things solutions to improve operations and customer experiences, telecom service providers are positioning themselves to meet the rising demand. Market players are focusing on developing end-to-end IoT solutions that integrate with existing systems and infrastructure, while also ensuring scalability and security.

    The market is dynamic, with various players vying for a share, leading to collaborations, partnerships, and even mergers and acquisitions, all aimed at enhancing service offerings and expanding market reach. In the context of the US IoT Telecom Services Market, SAP distinguishes itself through its comprehensive suite of IoT services and software that enable businesses to leverage their existing data and optimize operations through analytics and automation.

    The company's strong presence in areas such as supply chain management and enterprise resource planning provides it with a unique advantage, as it allows for seamless integration of IoT solutions with existing enterprise applications. SAP has established multiple strategic alliances, enhancing its reach and implementation capabilities across various sectors of the economy. The company's robust technological infrastructure bolsters its service reliability and overall customer satisfaction, while the focus on delivering highly customized IoT applications resonates well with the diverse needs of US businesses, reinforcing its competitive position in the marketplace.

    Ericsson holds a significant place in the US IoT Telecom Services Market, driving innovation in connectivity solutions that empower industrial transformation and smart infrastructure development. The company offers a variety of key products and services, including its IoT Accelerator platform, which provides enterprises with an end-to-end solution to simplify the deployment and management of IoT devices. Ericsson’s strengths lie in its extensive network infrastructure and strong partnerships with various telecom operators, enabling high-quality connectivity across the US. The company has actively pursued mergers and acquisitions to enhance its service portfolio, expanding its capabilities in the IoT landscape.

    Through these strategic moves and a commitment to research and development, Ericsson is well-positioned to continue influencing the market with forward-thinking solutions that address the evolving needs of businesses and industries in the US.

    Key Companies in the US IoT Telecom Services Market market include

    Industry Developments

    Recent developments in the US IoT Telecom Services Market have shown significant advancements in connectivity solutions, driven by major players such as Verizon Communications, AT and T, and TMobile US. In October 2023, Verizon announced enhancements in its 5G network, aiming to support increased IoT applications for industries like healthcare and manufacturing. In the same month, Dell Technologies and SAP unveiled a partnership focusing on edge computing solutions tailored for IoT deployments, enhancing data analysis capabilities.

    Another notable event was Sprint Corporation, now part of TMobile US, launching new IoT platform services that facilitate streamlined connectivity for diverse business models in November 2022. Moreover, Oracle has been continuously expanding its IoT Cloud offerings, fostering better integration with cloud services in recent months. Growth in valuation for entities like Cisco Systems and Amazon Web Services indicates a rising demand for IoT solutions, which is expected to spur further investment and innovation in the sector.

    Over the last couple of years, the US market has seen increased mergers and acquisitions, with IBM acquiring Red Hat in July 2019, enhancing its IoT capabilities significantly, reflecting a growing trend toward consolidation in the industry.

    Market Segmentation

    Outlook

    • Smart Buildings
    • Automation
    • Capillary Network Management
    • Vehicle Telematics
    • Energy And Utilities
    • Smart Healthcare
    • Others

    IoT Telecom Services Market Component Outlook

    • Connectivity Technology
    • Network Management Solution
    • Services

    IoT Telecom Services Market Application Outlook

    • Smart Buildings
    • Automation
    • Capillary Network Management
    • Vehicle Telematics
    • Energy And Utilities
    • Smart Healthcare
    • Others

    IoT Telecom Services Market Service Type Outlook

    • Device And Application Management
    • Business Consulting Services
    • IOT Billing And Subscription
    • Installation And Integration Services
    • M2M Billing Services

    Report Scope

    Report Scope:
    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 7.96(USD Billion)
    MARKET SIZE 2024 10.7(USD Billion)
    MARKET SIZE 2035 273.4(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 34.26% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED SAP, Ericsson, Dell Technologies, Sprint Corporation, Hewlett Packard Enterprise, Oracle, Verizon Communications, IBM, Amazon Web Services, Microsoft, AT and T, TMobile US, Google Cloud, Cisco Systems, Siemens
    SEGMENTS COVERED Component, Service Type, Application
    KEY MARKET OPPORTUNITIES Smart cities infrastructure development, Connected healthcare solutions expansion, Industrial IoT adoption acceleration, Enhanced security systems integration, Agricultural automation technologies growth
    KEY MARKET DYNAMICS growing demand for connectivity, increasing adoption of smart devices, advancements in network technologies, regulatory compliance and data security, competitive pricing among service providers
    COUNTRIES COVERED US

    FAQs

    What is the expected market size of the US IoT Telecom Services Market in 2024?

    The expected market size of the US IoT Telecom Services Market in 2024 is valued at 10.7 USD Billion.

    What will the market value of the US IoT Telecom Services Market reach by 2035?

    By 2035, the US IoT Telecom Services Market is projected to reach a value of 273.4 USD Billion.

    What is the expected CAGR for the US IoT Telecom Services Market from 2025 to 2035?

    The expected CAGR for the US IoT Telecom Services Market from 2025 to 2035 is 34.26 percent.

    Who are the key players in the US IoT Telecom Services Market?

    Key players in the US IoT Telecom Services Market include SAP, Ericsson, Dell Technologies, Sprint Corporation, and Verizon Communications.

    What is the market size of the Connectivity Technology segment in 2024?

    The Connectivity Technology segment of the US IoT Telecom Services Market is valued at 4.5 USD Billion in 2024.

    What is the projected market size for Network Management Solutions in 2035?

    The projected market size for Network Management Solutions in the US IoT Telecom Services Market by 2035 is 75.0 USD Billion.

    What market size is expected for Services by the year 2035?

    By 2035, the Services segment of the US IoT Telecom Services Market is expected to be valued at 85.9 USD Billion.

    What are the main growth drivers for the US IoT Telecom Services Market?

    Main growth drivers for the US IoT Telecom Services Market include increased connectivity demand and advancements in IoT technology.

    How do current global scenarios affect the US IoT Telecom Services Market?

    Current global scenarios influence the US IoT Telecom Services Market by shaping connectivity needs and technological developments.

    What is the expected growth rate for the Connectivity Technology segment from 2025 to 2035?

    The Connectivity Technology segment is expected to exhibit significant growth, contributing to the overall CAGR of 34.26 percent during 2025 to 2035.

    Report Infographic
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