The Asia Pacific IoT Telecom Services Market would witness market growth of 33.0% CAGR during the forecast period (2022-2028).
IoT is utilized by telecoms to provide services and products that add value to the existing network. Separate networks are utilized for IoT platforms that serve as a foundation for businesses and developers. LTE-M and narrow-band IoT are the two protocol technologies used by telecoms to connect IoT devices to their networks (NB-IoT). These protocols are streamlined for connecting IoT devices to cellular networks with low bandwidth, low power, and low cost.
In addition, a number of telecoms that support and employ IoT devices have roaming capabilities that allow devices to connect to cellular networks. The Internet of Things (IoT) telecom services provided by telecom companies to their commercial clients enable the implementation of smart connection technologies across networks and operational processes.
Among these services are the improvement of data security & privacy, interoperability, asset management, and real-time analytics, among others. To ensure vital machine connectivity, telcos offer IoT telecom services to business clients primarily. Emerging applications, such as smart buildings, industrial automation, and vehicle telematics, will drive the continued expansion of IoT telecom services over the forecast period. IoT telecom services address the pressing need for constant connectivity and sophisticated network monitoring.
The government of Singapore released a Smart Nation Plan in 2017 with the intention of developing into a global digital hub. The administration is attempting to use IoT technology to enhance city living. The Smart Cities Mission of the Indian government is based on a long-term, inclusive development plan. The mission's objective is to create a repeatable model that will hasten the development of comparable Smart Cities in other regions of the nation. In addition, the 100 Smart Cities Initiative was launched by the Indian government in 2015. In order to build smart cities across the country, the government is making investments and enforcing legislation aimed at increasing a variety of industries, including public safety, energy, and transportation. All of these elements are contributing to the expansion of the IoT telecom services market in the APAC region.
The China market dominated the Asia Pacific IoT Telecom Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,775.1 Million by 2028. The Japan market is estimated to grow a CAGR of 32.2% during (2022 - 2028). Additionally, The India market would experience a CAGR of 33.8% during (2022 - 2028).
Based on Network Management Solution, the market is segmented into Network Performance Monitoring & Optimization, Network Security Management, and Network Traffic Management. Based on Type, the market is segmented into Business Consulting Services, Installation & Integration Services, Devices & Application Management Solution, IoT billing & subscription management, and M2M Billing Management. Based on Connectivity, the market is segmented into Cellular Technology, RF-Based, NB-IoT, and LPWAN. Based on Application, the market is segmented into Smart Building & Home Automation, Vehicle Telematics, Smart Healthcare, Energy & Utilities, Industrial Manufacturing & Automation, and Capillary Network Management. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide IoT Telecom Services Market is Projected to reach USD 97.9 Billion by 2028, at a CAGR of 31.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Orange S.A., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), AT&T, Inc., Vodafone Group Plc, MediaTek, Inc., Sequans Communications S.A., China Mobile Limited, Telstra Corporation Limited, Sierra Wireless, Inc. (Semtech Corporation), and Ericsson AB.
By Network Management Solution
By Type
By Connectivity
By Application
By Country
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