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IoT Telecom Services Market Worth 17.67 Billion USD by 2021

MarketsandMarkets forecasts the IoT telecom services market size to grow from USD 2.90 Billion in 2016 to USD 17.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 43.6%. The scope of this report covers the IoT telecom services market by component, connectivity technology, service, application, and region. The M2M billing services segment is expected to dominate the market, at the highest CAGR during the forecast period due to the need for tracking and managing the billing and rating of NaaS subscription, offered by various telecom service providers in the IoT space.

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IoT Telecom Services Market Worth 17.67 Billion USD by 2021

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  1. MarketsandMarkets Presents IoT Telecom Services Market Worth 17.67 Billion USD by 2021 http://www.marketsandmarkets.com/Market-Reports/iot-telecom-service-market-104459962.html

  2. According to a new market research report "IoT Telecom Services Marketby Component, Connectivity Technology (Cellular, LPWAN, NB-IoT, and RF-Based), Network Management Solutions, Service (IoT Billing & Subscription and M2m Billing Management), and Application - Global Forecast to 2021", published by MarketsandMarkets, market size is estimated to grow from USD 2.90 Billion in 2016 to USD 17.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 43.6%. Browse >> 68 Data Tables 58 Figures 162 Pagesand in-depth TOC on “IoT Telecom Services Market" http://www.marketsandmarkets.com/Market-Reports/iot-telecom-service-market-104459962.html Early buyers will receive 10% customization on this report.

  3. The major forces driving this market are the growing need for enhanced connectivity solution to connect smart devices, critical need for smart network bandwidth management and automation in backend communication operations which is an essential pre-requisite for streamlining business processes, and the significant increase in adoption of BYOD among enterprises. Telcom are promoting an OTT application that helps to boost the adoption of IoT telecom services. Transportation, connected logistics, and traffic management application is expected to grow at the highest CAGR in theIoT Telecom Services Marketduring the forecast period Application of IoT with regards to connected logistics allows the clients and logistics providers to make quick adjustments, in case there is any delay in the shipment. IoT services strengthen the supply chain management by offering them transparency so that they can take effective decisions in real-time.   http://www.marketsandmarkets.com/Market-Reports/iot-telecom-service-market-104459962.html

  4. North America is expected to contribute the largest market share; Asia-Pacific (APAC) to grow at the fastest rate: North America is expected to hold the largest market share and would dominate the IoT Telecom Services Market from 2016 to 2021, due to the presence of a large number of IoT telecom service providers offering tailored solutions to multiple application areas. North America has been witnessing a high adoption of IoT telecom services on a large scale as they are the early adopters of smart technologies. APAC offers potential growth opportunities for the IoT Telecom Services Market to grow, as countries in the region are investing heavily in the development of IoT telecom services owing to major instances of rising adoption of smart devices and smart technologies.  The major vendors in the IoT Telecom Services Market include AT&T, Inc. (U.S.), Ericsson (Sweden), Verizon Communications, Inc. (U.S.), Deutsche Telekom AG (Germany), and Huawei Technologies Co., Ltd. (China), among others. http://www.marketsandmarkets.com/Market-Reports/iot-telecom-service-market-104459962.html

  5. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/iot-telecom-service-market-104459962.html

  6. Contact Us Mr. Rohan MarketsandMarkets™ 701 Pike Street Suite 2175, Seattle, WA 98101, United States Tel: 1-888-600-6441 Email: sales@marketsandmarkets.com

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