According to the latest market research study released by Technavio, the global telecom IoT market is expected to grow at a CAGR of more than 42% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global telecom IoT market based on technology:
Global telecom IoT market revenue share by technology 2015 (USD billion)
|
Cellular |
1.44 |
|
LWPA |
0.93 |
|
RF |
0.72 |
Source: Technavio
Global telecom IoT market by cellular
The global telecom IoT market by cellular technology was valued at more than $1 billion in 2015 and will grow at a CAGR of close to 36% by 2020. The usage of IoT communications requires long-range managed connectivity services to transfer data. The vendors are deploying upgrades for services that enable CDMA technology to co-exist with other technologies. The companies are also using 3G connected IoT applications to handle the growing demand for IoT data collection and management. 3G technology offers faster speed and wider coverage boosting the growth of the market.
“The vendors in the emerging countries are focusing on enhancing network infrastructure to provide effective dual-mode IoT applications. The increasing deployment of 4G LTE network infrastructure helps companies save on the cost of installation and is the best option for the longevity of service. The requirement for efficient management of storage devices and systems will ensure uninterrupted service for various business verticals using faster and reliable mobile network communications will help in the development of this market segment,” says Abhishek Sharma, a lead analyst at Technavio for research on the machine to machine (M2M) and connected devices.
Global telecom IoT market by LWPA
The global telecom IoT market by low-power wide-area (LPWA) was valued at almost $1 billion in 2015 and will grow at a CAGR of close to 43% by 2020. The properties of LWPA technology that includes low costs of chipsets and high power efficiency. LPWA is suitable particularly for applications, which require the connection of widely scattered devices. Some of these applications include security alarms, parking space management, crop monitoring, intruder alarms, fire alarms, and smart meter monitoring.
Global telecom IoT market by RF
The global telecom IoT market by RF was valued at around $720 million in 2015 and will grow at a CAGR of about 53% by 2020. The increasing adoption of RTLS in various sectors like transportation and logistics, healthcare, and retail will fuel the growth in the market. The RTLS adoption increases the operational efficiency and improves the productivity of SMEs and large enterprises. These systems enable tracking inventory that is out of stock or going to be out of stock in various manufacturing industries. These technologies help organizations identify customer preference, employ discount offers, and loyalty programs in store.
The top leading vendors operating in the global telecom IoT market are:
- AT&T
- China Mobile
- Deutsche Telekom
- Ericsson
- Verizon Communications
- Vodafone
Other prominent vendors in the market include 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Telecom IoT Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global IoT Market in the Transportation Sector 2016-2020
- Global Internet of Things Market in the Healthcare Sector 2016-2020
- Global Internet of Things Market 2016-2020
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