Internet of Things Telecom Services Market to reach $36.7 billion by 2035
Internet of things telecom services market was valued at $13.9 billion in 2025 and is projected to reach $36.7 billion by 2035, growing at a CAGR of 10.3% during the forecast period (2026-2035). Sustained expansion of advanced mobile network infrastructure and the increasing number of machine-to-machine connected devices requires managed telecom connectivity. IoT telecom services depend on reliable mobile broadband, low-latency communication, scalable SIM management, and secure network access, making telecom infrastructure investment a direct revenue catalyst for the market. According to the OECD, mobile broadband subscriptions across member countries increased from 1.66 billion in June 2021 to 1.9 billion by mid-2024, reflecting a 16% rise over three years. The same publication noted that 5G networks had been deployed in 37 of 38 OECD countries by 2025, demonstrating the rapid commercial availability of next-generation mobile networks.
Browse the full report description of “Internet of Things (IoT) Telecom Services Market Size, Share & Trends Analysis Report by Service Type (Connectivity Services, Managed IoT Services, Network Security Services, Device Lifecycle Management Services, Data Analytics & Monitoring Services, Professional & Consulting Services, and Billing & Subscription Management Services), by Network Type (Public Network, Private Network, and Hybrid Network), by Application (Asset Tracking & Fleet Management, Smart Metering, Remote Monitoring, Predictive Maintenance, Connected Logistics, Smart Surveillance, Smart Building Automation, Wearable Connectivity, Industrial Automation, and Connected Healthcare Monitoring), Forecast Period (2026–2035)” at https://www.omrglobal.com/industry-reports/iot-telecom-services-market
The growth in network quality and coverage is directly accelerating enterprise adoption of IoT use cases such as fleet telematics, industrial monitoring, smart metering, and connected healthcare. OECD data also shows average monthly mobile data consumption per subscription rose from 8 GB in June 2022 to 17 GB by June 2024, highlighting rising usage intensity across connected applications. In parallel, machine-to-machine SIM penetration continues to expand as utilities, manufacturers, logistics operators, and public infrastructure providers deploy larger connected device fleets. This trend is increasing demand for connectivity subscriptions, lifecycle management platforms, network security services, and usage analytics sold by telecom operators and IoT service providers. As enterprises prioritize automation and real-time asset visibility, recurring telecom IoT service revenue is expected to rise steadily across developed and emerging markets.
Innovation Leaders Transforming the Internet of Things Telecom Services Market
The key players in the internet of things telecom services market include Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., Ericsson, Sierra Wireless (Semtech), among others. These companies are advancing innovation in IoT telecom services through the development of intelligent connectivity platforms, secure device management systems, private wireless networks, and scalable subscription-based service models, enabling reliable real-time communication for connected assets and industrial operations while supporting rising demand for automation, data visibility, and resilient digital infrastructure.
- In February 2026, Deutsche Telekom has launched multi-orbit IoT roaming solution, enabling IoT devices to switch seamlessly between terrestrial mobile networks and both geostationary (GEO) and low earth orbit (LEO) satellites for uninterrupted global connectivity. The system supports standard commercial NB-IoT hardware and enhances coverage, resilience, and flexibility for remote asset monitoring, maritime vessel tracking, and AI-powered sensors in isolated regions.
- In June 2025, Bharti Airtel awarded Ericsson a multi-year managed services contract for network operations center services. The agreement strengthens Ericsson’s managed network presence and supports Airtel’s expanding enterprise and IoT connectivity requirements.
Market Coverage
- The market number available for – 2025-2035
- Base year- 2025
- Forecast period- 2026-2035
- Segment Covered-
- By Service Type
- By Network Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape - Cisco Systems, Inc., Nokia Corporation, Huawei Technologies Co., Ltd., Ericsson, Sierra Wireless (Semtech), among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Internet of Things (IoT) Telecom Services Market Report Segment
By Service Type
- Connectivity Services
- Managed IoT Services
- Network Security Services
- Device Lifecycle Management Services
- Data Analytics & Monitoring Services
- Professional & Consulting Services
- Billing & Subscription Management Services
By Network Type
- Public Network
- Private Network
- Hybrid Network
By Application
- Asset Tracking & Fleet Management
- Smart Metering
- Remote Monitoring
- Predictive Maintenance
- Connected Logistics
- Smart Surveillance
- Smart Building Automation
- Wearable Connectivity
- Industrial Automation
- Connected Healthcare Monitoring
Global Internet of Things (IoT) Telecom Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia and New Zealand
- ASEAN Economies
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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