IoT Telecom Services Market Worth 17.67 Billion USD by 2021 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

Early buyers will receive 10% customization on this report. According to a new market research report "IoT Telecom Services Market by 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 Pages and 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.

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 Market during 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

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

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