Global Industry Analysts Predicts the World Internet of Things (IoT) Telecom Services Market to Reach $84.3 Billion by 2026

SAN FRANCISCO, Aug. 31, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Internet of Things (IoT) Telecom Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1098
Companies: 37 - Players covered include Aeris Communications, Inc.; AT&T, Inc.; BT Group PLC; CenturyLink, Inc.; China Mobile, Ltd.; Deutsche Telekom AG; Entrust Datacard Corp.; HARMAN International Industries, Inc. ; Huawei Technologies Co., Ltd.; IBM Corp.; Modius, Inc.; Nippon Telegraph & Telephone Corp.; Panorama Software; SAP SE; Singapore Telecommunications, Ltd.; Softbank Group Corp.; Telefonaktiebolaget LM Ericsson; Telefonica SA; T-Mobile USA, Inc.; Vodafone Group PLC and Others.
Coverage: All major geographies and key segments
Segments: Component (Services, Solutions); Application (Smart Building & Home Automation, Capillary Networks Management, Industrial Manufacturing & Automation, Vehicle Telematics, Transportation, Logistics Tracking & Traffic Management, Energy & Utilities, Smart Healthcare)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Internet of Things (IoT) Telecom Services Market to Reach $84.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Telecom Services estimated at US$11.9 Billion in the year 2020, is projected to reach a revised size of US$84.3 Billion by 2026, growing at a CAGR of 37.8% over the analysis period. Services, one of the segments analyzed in the report, is projected to record a 38.8% CAGR and reach US$90.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Solutions segment is readjusted to a revised 34.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.3 Billion in 2021, While China is Forecast to Reach $13.7 Billion by 2026
The Internet of Things (IoT) Telecom Services market in the U.S. is estimated at US$5.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.7 Billion by the year 2026 trailing a CAGR of 35.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.6% and 31.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.4% CAGR. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.