The increase in the telcos promoting the deployment of over-the-top applications by leveraging traditional telecom services is creating profitable opportunities for the IoT Telecom Solutions market in the forecast period.
MARKET SCOPE
The "Global IoT Telecom Solutions Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the IoT telecom solutions market with detailed market segmentation by connectivity technology, network management solution, application, and geography. The report provides key statistics on the market status of the leading IoT telecom solutions market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on connectivity technology, the global IoT telecom solutions market is segmented into Cellular Technologies, LPWAN, NB-IoT, and RF-Based.
- On the basis of network management solution, the market is segmented into network performance monitoring and optimization, network traffic management, and network security management.
- Based on application, the market is segmented into smart building and home automation, industrial manufacturing and automation, vehicle telematics, transportation and logistics tracking, traffic management, and others.
MARKET DYNAMICS
Drivers:
- The rising adoption of smart network bandwidth management and automation in communication operations is driving the IoT Telecom Solutions market.
- Evolving next generation wireless networks market is anticipated to create market opportunities for the IoT telecom solutions market during the forecast period.
Restraints:
- The high capital investments may restrain the growth of the IoT Telecom Solutions market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IoT telecom solutions market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the IoT telecom solutions market in these regions.
IMPACT OF COVID-19 ON IOT TELECOM SOLUTIONS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the IoT telecom solutions market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from IoT telecom solutions market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IoT telecom solutions market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AT&T
- China Mobile Limited.
- Deutsche Telekom AG
- Telefonaktiebolaget LM Ericsson
- Huawei Technologies Co., Ltd
- BT
- T-Mobile USA, Inc.
- Verizon
- Vodafone Group PLC
- Swisscom