Global Telecom IoT Market 2016-2020
Global outlook of the telecom IoT market
Technavio’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to gather, analyze, and distribute networked resources, ITS also helps reduce the impact of traffic congestion by providing greater visibility and improving communication among passengers. Investments towards the development of such smart solutions will bolster the growth prospects of the telecom IoT market. For instance, one of the leading automotive manufacturers General Motors has recently supported the ride-sharing service provider Lyft by making an investment of about USD 500 million towards the development of IoT projects that help provide efficient public commuting services.
This market research study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the market throughout the next four years. The increasing adoption of IoT products and services by several enterprises in countries such as the US to improve business efficiency and investments from the US government towards the development of smart cities will drive market growth in this region.
Competitive landscape and key vendors
The market is characterized by the presence of well-diversified international and regional vendors. As the international vendors are increasing their footprint, regional vendors are finding it extremely difficult to compete with them in terms of features such as product quality, technology, and pricing. With technological advancements changing the preference of customers, vendors have the need to develop innovative wireless technology to cater to their clients’ requirements. The market is highly competitive and an increase in commercial deployments, technological innovations, and M&As will further intensify the level of competition among the market players.
The leading vendors in the market are -
- China Mobile
- Deutsche Telekom
- Verizon Communications
The other prominent vendors in the market are Aeris, BT (EE), China Telecom, China Unicom, Huawei Technologies, KT, MTN, Orange Business Services, Rogers Communications, Singtel, SK Telecom, Sprint, Tele2, Telefónica, Telenor, TeliaSonera, and ZTE.
Segmentation by application and analysis of the telecom IoT market
- Product monitoring
- Premises monitoring
- Customer monitoring
- Supply chain monitoring
Customer monitoring involves real-time location-based advertising supported by sensor-based smartphones, which helps enterprises improve the effectiveness of their advertising campaign. Additionally, customer monitoring also helps the healthcare industry to improve their operational effectiveness by enabling healthcare providers to monitor patients’ health even from remote locations. Analysts predict that though the product monitoring segment currently accounts for the major shares, the market will be dominated by the customer monitoring segment by the end of the forecast period.
Segmentation by business area and analysis of the telecom IoT market
- Smart building
- Smart mobility
- Smart energy
- Smart healthcare
- Smart manufacturing
According to this market research and analysis, the smart building segment will account for the major shares and dominate the market throughout the predicted period. To facilitate users track, control, and reduce the usage of electricity, smart buildings use various equipment such as smart meters, monitoring devices, sensors, and security systems. Benefits such as reduced water consumption and energy and maintenance costs will increase the demand for smart building solutions, which will, in turn, drive the growth of the telecom IoT market.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global telecom IoT market?
- What are the key market trends impacting the growth of the global telecom IoT market?
- What are the challenges to market growth?
- Who are the key vendors in the global telecom IoT market?
- What are the market opportunities and threats faced by the vendors in the global telecom IoT market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global telecom IoT market?
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