Internet of Things (IoT) Telecom Services Market

By Connectivity Technology;

Cellular Technologies, LPWAN, NB-IoT and RF-Based

By Network Management Solution;

Network Performance Monitoring & Optimization, Network Traffic Management and Network Security Management

By Service;

Business Consulting Services, Device & Application Management Services, Installation & Integration Services, IoT Billing & Subscription Management and M2M Billing Management

By Application;

Smart Building & Home Automation, Capillary Networks Management, Industrial Manufacturing & Automation, Vehicle Telematics, Transportation, Logistics Tracking & Traffic Management, Energy & Utilities and Smart Healthcare

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn168946992 Published Date: October, 2025 Updated Date: November, 2025

IoT Telecom Services Market Overview

IoT Telecom Services Market (USD Million)

IoT Telecom Services Market was valued at USD 52,055.64 million in the year 2024. The size of this market is expected to increase to USD 661,881.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 43.8%.


Internet of Things (IoT) Telecom Services Market

*Market size in USD million

CAGR 43.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)43.8 %
Market Size (2024)USD 52,055.64 Million
Market Size (2031)USD 661,881.13 Million
Market ConcentrationLow
Report Pages349
52,055.64
2024
661,881.13
2031

Major Players

  • AT&T, Inc.
  • Deutsche Telekom AG
  • Huawei Technologies Co., Ltd
  • Ericsson
  • Verizon Communications, Inc.
  • Aeris
  • China Mobile Ltd.
  • Vodafone Group PLC.
  • T-Mobile USA, Inc.
  • Sprint Corporation
  • Swisscom AG

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Internet of Things (IoT) Telecom Services Market

Fragmented - Highly competitive market without dominant players


The IoT Telecom Services Market is rapidly evolving as interconnected devices redefine how businesses and consumers communicate. Telecom firms are utilizing IoT-powered networks to deliver high-speed connectivity and smart automation capabilities. With growing integration of cloud systems, smart sensors, and next-gen networks, the market is gaining strong momentum across industrial and commercial use cases.

Technology Integration and Connectivity
Emerging technologies such as AI, machine learning, and edge computing are transforming the IoT telecom space. More than 60% of telecom firms now use edge-based solutions to enhance real-time processing and reduce latency. These technologies enable agile, intelligent, and scalable operations that drive greater customer satisfaction and business value.

Device Proliferation and Data Growth
The adoption of M2M communication and smart devices is pushing connected deployments to new highs. Around 55% of services focus on device monitoring, remote tracking, and control. This has led to a sharp rise in data volumes, encouraging telecom operators to expand capacity and streamline data flow for better throughput.

Security and Network Management
With over 65% of IoT telecom providers prioritizing network security, measures like encrypted channels and secure API frameworks are gaining adoption. Advanced orchestration tools support scalable deployment, remote updates, and comprehensive device lifecycle management, ensuring dependable service across expansive IoT infrastructures.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Connectivity Technology
    2. Market Snapshot, By Network Management Solution
    3. Market Snapshot, By Service
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Internet of Things (IoT) Telecom Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Connectivity advancements
        2. Industry 4.0 adoption
        3. IoT integration across sectors
      2. Restraints
        1. Security concerns
        2. High deployment costs
        3. Interoperability issues
      3. Opportunities
        1. Smart city initiatives
        2. Healthcare IoT
        3. Industrial automation
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Internet of Things (IoT) Telecom Services Market, By Connectivity Technology, 2021 - 2031 (USD Million)
      1. Cellular Technologies
      2. LPWAN
      3. NB-IoT
      4. RF-Based
    2. Internet of Things (IoT) Telecom Services Market, By Network Management Solution, 2021 - 2031 (USD Million)
      1. Network Performance Monitoring & Optimization
      2. Network Traffic Management
      3. Network Security Management
    3. Internet of Things (IoT) Telecom Services Market, By Service, 2021 - 2031 (USD Million)
      1. Business Consulting Services
      2. Device & Application Management Services
      3. Installation & Integration Services
      4. IoT Billing & Subscription Management
      5. M2M Billing Management
    4. Internet of Things (IoT) Telecom Services Market, By Application, 2021 - 2031 (USD Million)
      1. Smart Building & Home Automation
      2. Capillary Networks Management
      3. Industrial Manufacturing & Automation
      4. Vehicle Telematics
      5. Transportation
      6. Logistics Tracking & Traffic Management
      7. Energy & Utilities
      8. Smart Healthcare
    5. Internet of Things (IoT) Telecom Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AT&T
      2. Verizon
      3. Vodafone
      4. Deutsche Telekom
      5. Huawei
      6. Ericsson
      7. China Mobile
      8. SoftBank
      9. T-Mobile
      10. Orange
      11. Telefonica
      12. Reliance Jio
      13. Bharti Airtel
      14. Telstra
      15. BT Group
  7. Analyst Views
  8. Future Outlook of the Market