This report describes and explains the IoT telecom services market and covers 2020-2025, termed the historic period, and 2025-2030, 2035F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global IoT telecom services market reached a value of nearly $34.3 billion in 2025, having grown at a compound annual growth rate (CAGR) of 32.7% since 2020. The market is expected to grow from $34.3 billion in 2025 to $126.11 billion in 2030 at a rate of 29.7%. The market is then expected to grow at a CAGR of 27.9% from 2030 and reach $431.54 billion in 2035.
Growth in the historic period resulted from government support towards expansion of broadband and rural connectivity, expansion of smart utility networks and smart meters, government initiatives promoting digital transformation and rapid proliferation of connected IoT devices. Factors that negatively affected growth in the historic period were high initial deployment costs and bandwidth constraints and network congestion.
Going forward, growth Of 5G networks, expansion of telecom infrastructure, rise of smart city initiatives and increasing deployment of LPWAN technologies will drive the growth. Factors that could hinder the growth of the IoT telecom services market in the future include cybersecurity vulnerabilities and limited skilled workforce and impact of trade wars and tariffs.
Market trends for the IoT telecom services market include emphasis on the deployment of private 5G networks to support Industry 4.0 and intelligent manufacturing, expanding satellite-enabled connectivity solutions and hybrid network architectures to support seamless device communication across remote and underserved regions, integrating cloud computing, big data analytics and AI-driven digital platforms to enhance data processing capabilities, artificial intelligence (AI) and autonomous intelligence to enhance network efficiency, predictive maintenance and real-time decision-making and expanding satellite-based connectivity solutions to support autonomous systems, robotics and smart mobility applications by enabling seamless device communication in remote and underserved regions.
The IoT telecom services market is segmented by service type into business consulting services, device and application management services, installation and integration services, IoT billing and subscription management, M2M billing management. The device and application management services market was the largest segment of the IoT telecom services market segmented by service type, accounting for 29.3% or $10.06 billion of the total in 2025. Going forward, the IoT billing and subscription management segment is expected to be the fastest growing segment in the IoT telecom services market segmented by service type, at a CAGR of 40.6% during 2025-2030.
The IoT telecom services market is segmented by connectivity into cellular technologies, LPWAN, NB-IoT, radio frequency-based. The cellular technologies market was the largest segment of the IoT telecom services market segmented by connectivity, accounting for 37.2% or $12.76 billion of the total in 2025. Going forward, the cellular technologies segment is expected to be the fastest growing segment in the IoT telecom services market segmented by connectivity, at a CAGR of 30.9% during 2025-2030.
The IoT telecom services market is segmented by network management solution into network performance monitoring and optimization, network traffic management and network security management. The network performance monitoring and optimization market was the largest segment of the IoT telecom services market segmented by network management solution, accounting for 41.9% or $14.38 billion of the total in 2025. Going forward, the network security management segment is expected to be the fastest growing segment in the IoT telecom services market segmented by network management solution, at a CAGR of 34.9% during 2025-2030.
The IoT telecom services market is segmented by application into smart building and home automation, capillary networks management, industrial manufacturing and automation, energy and utilities, smart healthcare and other applications. The industrial manufacturing and automation market was the largest segment of the IoT telecom services market segmented by application, accounting for 27.6% or $ 9.48 billion of the total in 2025. Going forward, the smart healthcare segment is expected to be the fastest growing segment in the IoT telecom services market segmented by application, at a CAGR of 36.9% during 2025-2030.
North America was the largest region in the IoT telecom services market, accounting for 38.7% or $13.27 billion of the total in 2025. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the IoT telecom services market will be Asia Pacific and Middle East where growth will be at CAGRs of 35% and 31% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 28.1% and 27.8% respectively.
The global IoT telecom services market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 27.9% of the total market in 2024. China Mobile Ltd. was the largest competitor with a 4.3% share of the market, followed by Vodafone Group PLC with 3.8%, AT&T Inc with 3.5%, Verizon Communications Inc. with 3.3%, Deutsche Telekom AG with 3%, Telefónica with 2.7%, Orange S.A with 2.6%, KDDI Corp. with 2.4%, BT Group with 2.1% and Soracom Inc. with 0.2%.
The top opportunities in the IoT telecom services market segmented by service type will arise in the device and application management services segment, which will gain $38.31 billion of global annual sales by 2030. The top opportunities in the IoT telecom services market segmented by connectivity will arise in the cellular technologies segment, which will gain $36.21 billion of global annual sales by 2030. The top opportunities in the IoT telecom services market segmented by network management solution will arise in the network performance monitoring and optimization segment, which will gain $37.45 billion of global annual sales by 2030. The top opportunities in the IoT telecom services market segmented by application will arise in the smart building and home automation segment, which will gain $26.91 billion of global annual sales by 2030. The IoT telecom services market size will gain the most in the USA at $26.61 billion.
Player-adopted strategies in the IoT telecom services market include focus on expanding its business capabilities through strategic partnerships and strengthening its operational capabilities through new launches.
Market-trend-based strategies for the IoT telecom services market include focus on developing advanced IoT platforms integrated with artificial intelligence (AI) and analytics capabilities, integrating advanced technology such as artificial intelligence (AI) to enhance reliability, monitoring and operational efficiency, launching device-as-a-service (DaaS) platforms to simplify enterprise device management and reduce upfront infrastructure costs and expanding global connectivity capabilities through advanced technologies such as eSIM-based IoT connectivity platforms to simplify device deployment and cross-border connectivity.
To take advantage of the opportunities, the analyst recommends the IoT telecom services companies to focus on AI-enabled IoT platform expansion for enterprise scalability, focus on AI-enabled IoT anomaly detection for operational efficiency, focus on device-as-a-service adoption in IoT telecom services, focus on global eSIM-enabled IoT connectivity platforms, focus on IoT billing and subscription management growth, focus on NB-IoT driven low power connectivity expansion, focus on network security management expansion in IoT telecom services, expand in emerging markets, focus on multi-channel distribution expansion for IoT telecom services, focus on value-based pricing strategies for IoT telecom services expansion, focus on enterprise-led digital promotion for IoT telecom services, focus on partner-driven promotion ecosystems to scale market reach, focus on smart healthcare IoT telecom services expansion.
This product will be delivered within 3-5 business days.
The global IoT telecom services market reached a value of nearly $34.3 billion in 2025, having grown at a compound annual growth rate (CAGR) of 32.7% since 2020. The market is expected to grow from $34.3 billion in 2025 to $126.11 billion in 2030 at a rate of 29.7%. The market is then expected to grow at a CAGR of 27.9% from 2030 and reach $431.54 billion in 2035.
Growth in the historic period resulted from government support towards expansion of broadband and rural connectivity, expansion of smart utility networks and smart meters, government initiatives promoting digital transformation and rapid proliferation of connected IoT devices. Factors that negatively affected growth in the historic period were high initial deployment costs and bandwidth constraints and network congestion.
Going forward, growth Of 5G networks, expansion of telecom infrastructure, rise of smart city initiatives and increasing deployment of LPWAN technologies will drive the growth. Factors that could hinder the growth of the IoT telecom services market in the future include cybersecurity vulnerabilities and limited skilled workforce and impact of trade wars and tariffs.
Market trends for the IoT telecom services market include emphasis on the deployment of private 5G networks to support Industry 4.0 and intelligent manufacturing, expanding satellite-enabled connectivity solutions and hybrid network architectures to support seamless device communication across remote and underserved regions, integrating cloud computing, big data analytics and AI-driven digital platforms to enhance data processing capabilities, artificial intelligence (AI) and autonomous intelligence to enhance network efficiency, predictive maintenance and real-time decision-making and expanding satellite-based connectivity solutions to support autonomous systems, robotics and smart mobility applications by enabling seamless device communication in remote and underserved regions.
The IoT telecom services market is segmented by service type into business consulting services, device and application management services, installation and integration services, IoT billing and subscription management, M2M billing management. The device and application management services market was the largest segment of the IoT telecom services market segmented by service type, accounting for 29.3% or $10.06 billion of the total in 2025. Going forward, the IoT billing and subscription management segment is expected to be the fastest growing segment in the IoT telecom services market segmented by service type, at a CAGR of 40.6% during 2025-2030.
The IoT telecom services market is segmented by connectivity into cellular technologies, LPWAN, NB-IoT, radio frequency-based. The cellular technologies market was the largest segment of the IoT telecom services market segmented by connectivity, accounting for 37.2% or $12.76 billion of the total in 2025. Going forward, the cellular technologies segment is expected to be the fastest growing segment in the IoT telecom services market segmented by connectivity, at a CAGR of 30.9% during 2025-2030.
The IoT telecom services market is segmented by network management solution into network performance monitoring and optimization, network traffic management and network security management. The network performance monitoring and optimization market was the largest segment of the IoT telecom services market segmented by network management solution, accounting for 41.9% or $14.38 billion of the total in 2025. Going forward, the network security management segment is expected to be the fastest growing segment in the IoT telecom services market segmented by network management solution, at a CAGR of 34.9% during 2025-2030.
The IoT telecom services market is segmented by application into smart building and home automation, capillary networks management, industrial manufacturing and automation, energy and utilities, smart healthcare and other applications. The industrial manufacturing and automation market was the largest segment of the IoT telecom services market segmented by application, accounting for 27.6% or $ 9.48 billion of the total in 2025. Going forward, the smart healthcare segment is expected to be the fastest growing segment in the IoT telecom services market segmented by application, at a CAGR of 36.9% during 2025-2030.
North America was the largest region in the IoT telecom services market, accounting for 38.7% or $13.27 billion of the total in 2025. It was followed by Asia Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the IoT telecom services market will be Asia Pacific and Middle East where growth will be at CAGRs of 35% and 31% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 28.1% and 27.8% respectively.
The global IoT telecom services market is fairly concentrated, with large players operating in the market. The top 10 competitors in the market made up 27.9% of the total market in 2024. China Mobile Ltd. was the largest competitor with a 4.3% share of the market, followed by Vodafone Group PLC with 3.8%, AT&T Inc with 3.5%, Verizon Communications Inc. with 3.3%, Deutsche Telekom AG with 3%, Telefónica with 2.7%, Orange S.A with 2.6%, KDDI Corp. with 2.4%, BT Group with 2.1% and Soracom Inc. with 0.2%.
The top opportunities in the IoT telecom services market segmented by service type will arise in the device and application management services segment, which will gain $38.31 billion of global annual sales by 2030. The top opportunities in the IoT telecom services market segmented by connectivity will arise in the cellular technologies segment, which will gain $36.21 billion of global annual sales by 2030. The top opportunities in the IoT telecom services market segmented by network management solution will arise in the network performance monitoring and optimization segment, which will gain $37.45 billion of global annual sales by 2030. The top opportunities in the IoT telecom services market segmented by application will arise in the smart building and home automation segment, which will gain $26.91 billion of global annual sales by 2030. The IoT telecom services market size will gain the most in the USA at $26.61 billion.
Player-adopted strategies in the IoT telecom services market include focus on expanding its business capabilities through strategic partnerships and strengthening its operational capabilities through new launches.
Market-trend-based strategies for the IoT telecom services market include focus on developing advanced IoT platforms integrated with artificial intelligence (AI) and analytics capabilities, integrating advanced technology such as artificial intelligence (AI) to enhance reliability, monitoring and operational efficiency, launching device-as-a-service (DaaS) platforms to simplify enterprise device management and reduce upfront infrastructure costs and expanding global connectivity capabilities through advanced technologies such as eSIM-based IoT connectivity platforms to simplify device deployment and cross-border connectivity.
To take advantage of the opportunities, the analyst recommends the IoT telecom services companies to focus on AI-enabled IoT platform expansion for enterprise scalability, focus on AI-enabled IoT anomaly detection for operational efficiency, focus on device-as-a-service adoption in IoT telecom services, focus on global eSIM-enabled IoT connectivity platforms, focus on IoT billing and subscription management growth, focus on NB-IoT driven low power connectivity expansion, focus on network security management expansion in IoT telecom services, expand in emerging markets, focus on multi-channel distribution expansion for IoT telecom services, focus on value-based pricing strategies for IoT telecom services expansion, focus on enterprise-led digital promotion for IoT telecom services, focus on partner-driven promotion ecosystems to scale market reach, focus on smart healthcare IoT telecom services expansion.
This product will be delivered within 3-5 business days.
Table of Contents
1 Executive Summary
6 Market Characteristics
8 Global IoT Telecom Services Market Attractiveness Scoring and Analysis
9 Major Market Trends
10 Global IoT Telecom Services Growth Analysis and Strategic Analysis Framework
11 Global IoT Telecom Services Market Size and Growth Analysis
12 Global IoT Telecom Services Total Addressable Market (TAM) Analysis
13 Global IoT Telecom Services Market Segmentation
14 IoT Telecom Services Market, Regional and Country Analysis
15 Asia-Pacific Market
16 South East Asia Market
17 North America Market
18 Western Europe Market
19 South America Market
20 Eastern Europe Market
21 Middle East Market
22 Africa Market
23 Competitive Landscape and Company Profiles
24 Other Major and Innovative Companies
25 Competitive Landscape and Company Profiles
28 Global and Japan IoT Telecom Services Market: Transition from Connectivity to Operational Value and the Role of 5G, IoT, and Cloud Integration
29 IoT Telecom Services Market - Company Scoring Matrix
31 Key Mergers and Acquisitions
32 Recent Developments in the IoT Telecom Services Market
33 Opportunities and Strategies
34 IoT Telecom Services Market, Conclusions and Recommendations
35 Appendix
Executive Summary
IoT Telecom Services Global Market Opportunities and Strategies to 2035 provides the strategists; marketers and senior management with the critical information they need to assess the global IoT telecom services market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for IoT telecom services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The IoT telecom services market global report answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider IoT telecom services market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segments, key products, supply chain and market attractiveness scoring and analysis.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future technologies and developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional and Country Analysis - Historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison by region and country.
- Market Segmentation Contains the market values (2020-2025) (2025-2030, 2035F) and analysis for each segment by service type, by connectivity, by network management solution and by application in the market. Historic (2020-2025) and forecast (2025-2030) and (2030-2035) market values and growth and market share comparison by region market.
- Regional Market Size and Growth Regional market size (2025), historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies Details on the startups, company profiles of other major and innovative companies in the market.
- Competitive Benchmarking Briefs on the financials comparison between major players in the market.
- Competitive Dashboard Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations This section includes recommendations for IoT telecom services providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Service Type: Business Consulting Services; Device and Application Management Services; Installation and Integration Services; IoT Billing and Subscription Management; M2M Billing Management
2) By Connectivity: Cellular Technologies; LPWAN; NB-IoT; Radio Frequency-Based
3) By Network Management Solution: Network Performance Monitoring and Optimization; Network Traffic Management; Network Security Management
4) By Application: Smart Building and Home Automation; Capillary Networks Management; Industrial Manufacturing and Automation; Energy and Utilities; Smart Healthcare; Other Applications
Companies Mentioned: China Mobile Ltd.; Vodafone Group PLC; AT&T Inc; Verizon Communications Inc.; Deutsche Telekom AG.
Countries: China; Australia; India; Indonesia; Japan; South Korea; Taiwan; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; IoT telecom services indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- China Mobile Ltd.
- Vodafone Group PLC
- AT&T Inc
- Verizon Communications Inc.
- Deutsche Telekom AG
- Telefónica
- Orange S.A
- KDDI Corp.
- BT Group
- Soracom Inc.
- China Telecom
- Baidu
- Tencent
- China Unicom
- Huawei
- Nippon Telegraph and Telephone Corporation (NTT)
- GMO Internet Group
- SAKURA Internet Inc.
- Highreso
- SoftBank Corp.
- SK Telecom
- KT Corporation
- LG U+
- NTT Docomo
- SoftBank
- Cloud Walk Technology
- Cambricon Technologies
- Deep Blue Technology
- Samsung SDS
- Chunghwa Telecom
- Taiwan Mobile
- Tatung Telecom
- FarEasTone (FET)
- Chief Telecom
- Hsing Tai Telecom
- Telkomsel
- StarHub
- M1
- SPTel
- Cloud Telecom
- Telkom Indonesia
- Indosat Ooredoo Hutchison (IoH)
- XL Axiata
- Rogers Communications
- Telus Communications
- Vidéotron
- SaskTel
- T-Mobile
- Comcast Business
- US Cellular
- Aeris Communications
- Cogeco
- Telia Company
- Com4
- Telit Communications plc
- Bouygues Telecom
- Iliad S.A.
- Ericsson
- Intracom Telecom
- Fastweb
- TIM SpA
- Claro Argentina
- Movistar Argentina
- Personal Argentina
- Telecom Argentina S.A.
- Globalsat Group
- Microsoft Corporation
- International Business Machines Corporation
- Cisco Systems
- Siemens
- Telespazio Brasil
- 1NCE
- Telekom Romania Mobile
- Netmore Group
- Nexign
- T‑Mobile
- Orange Polska SA
- Simartis
- Ericsson Romania
- ZTE Romania
- MegaFon
- Rostelecom
- Yandex IoT
- Etisalat by e& (UAE)
- Emirates Integrated Telecommunications Company (UAE)
- Ooredoo Group
- Cato Networks
- Türk Telekom
- Telenor IoT
- du (Emirates Integrated Telecommunications Company)
- OQ Technology
- Orange Egypt
- Ericsson
- Liquid Intelligent Technologies
- MTN Group
- Vodacom
- Safaricom
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 414 |
| Published | June 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 34.3 Billion |
| Forecasted Market Value ( USD | $ 431.54 Billion |
| Compound Annual Growth Rate | 28.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 97 |
