Global Telecom IoT Market 2016-2020
About Telecom IoT
The IoT is a network of physical objects that are interconnected and can communicate among themselves as well as with the internal and external environments. It connects hardware devices, software, and communication and IT services. It creates smart communication environments such as smart homes, smart shopping, smart transportation, and smart healthcare. It is an emerging ecosystem of Internet protocol (IP)-connected devices with the potential to deliver significant business benefits across varied industries and is valued at trillions of dollars in the future.
Technavio’s analysts forecast the global telecom IoT market to grow at a CAGR of 42.36% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global telecom IoT market for 2016-2020. To calculate the market size, the report provides the performance and market dominance of each of the vendors in terms of experience, product portfolio, geographical presence, financial condition, R&D, and customer base.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Telecom IoT Market 2016-2020
Technavio recognizes the following companies as the key players in the global telecom IoT market: AT&T, China Mobile, Deutsche Telekom, Ericsson, Verizon Communications, and Vodafone.
Other prominent vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is growing popularity of smart wearable products and services. Wearable devices are being widely used in hospitals and connected homes to provide better healthcare facilities to people. These devices work on M2M technology as data exchange takes place between two devices. A wearable device, for example, can capture the movements of a patient, and the data can be directly sent to a physician's tablet or any other handheld device. Wearable devices such as activity trackers, smartwatches, glucose monitors, heart rate monitors, health monitors, and pedometers are used to track the activities of doctors, staff, and patients.”
According to the report, one of the primary drivers in the market is growing adoption of intelligent transportation systems (ITS). Safe, efficient, and accessible public transportation has become a top priority in the recent years with increasing congestion on urban roadways. The congestion impedes traffic for nearly eight hours per day in major metropolitan cities and suburbs. Intelligent public transportation solutions provide application-enabling network services to connect public transit operations securely. The intelligent transportation systems enable operators to securely gather, analyze, and distribute networked resources in real time. These systems also provide greater visibility into important transportation assets and improve communication among passengers to reduce the impact of traffic congestion and emergency incidents. For instance, Lyft, a ride-sharing service has been supported by General Motors ($500 million) to collaborate on IoT projects and provide efficient public commuting services.
Further, the report states that one major challenge in the market is security concerns. Encryption, authentication, and validation are key techniques that are required to solve security issues. Cloud RAN has to be closely monitored for effective disaster management. Also, the cloud network that is connected to M2M and IoT devices is to be securely monitored to avoid theft of confidential national information. This monitoring involves high OPEX. User equipment, access networks, and mobile core and external IP networks are potential targets in 5G networks that have to be designed effectively to eliminate security threats.
AT&T, China Mobile, Deutsche Telekom, Ericsson, Verizon Communications, Vodafone, Aeris, BT (EE), China Telecom, China Unicom, Huawei Technologies, KT, MTN, Orange Business Services, Rogers Communications, Singtel, SK Telecom, Sprint, Tele2, Telefónica, Telenor, TeliaSonera, ZTE.
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