According to foreign media reports, the global IoT telecommunications service market is expected to grow from $2.9 billion in 2016 to $17.67 billion in 2021, with CARG reaching 43.6%.
According to a recent report by market research firm MarketsandMarkets, the main drivers include the need to connect smart devices to connectivity solutions, the need for back-end communications services for intelligent network broadband management and automation, and the growing use of BYOD by enterprises. Wait.
Telecom network operators are continually promoting OTT applications to promote the popularity of IoT telecommunications services.
The report also said that transportation, networked logistics and traffic management applications are expected to become the highest CAGR industry in the IoT telecommunications services market.
IoT applications related to networked logistics allow customers and logistics providers to make appropriate adjustments in case of any delayed shipment. IoT services can take effective decisions in real time by providing transparency to strengthen supply chain management.
Telecommunications companies can provide connectivity for IoT smart vehicles and trucks for location and real-time location tracking, real-time logistics service management and control systems, and intelligent devices that automatically control basic home functions through Internet and network connections provided by telecom service providers. management.
The M2M billing management service industry is expected to occupy the largest market share of IoT telecommunications services, and the current trend is expected to continue.
The M2M billing management service tracks the usage of IoT services of M2M networked device users, and performs billing management for various IoT services provided by various telecommunication enterprises.
M2M and IoT device data can create revenue opportunities for telecom service providers by providing a range of features including remote monitoring, ubiquitous connectivity, automatic data exchange, real-time notifications, and many other features to better help Related services M2M billing is managed.
As a large number of IoT telecommunications service providers provide customized solutions for multiple application areas, North America is expected to occupy the largest market share and will lead the entire IoT telecommunications service market from 2016 to 2021.
Since North America is an early adopter of this smart technology, large-scale adoption of IoT telecommunications services in North America is more common.
In the Asia-Pacific region, due to the increased adoption of smart devices and smart technologies, countries in the region have increased their investment in the development of IoT telecommunications services, thus providing potential growth opportunities for the IoT telecommunications services market in the region. (Text / Oscar translation)
Cummins Generator Set,Diesel Generator,Cummins Engine,Soundproof Generator
Yangzhou Hengyuan Electromechanical Equipment Co., Ltd. , https://www.lchygeneratorset.com