Key trends fueling the global Internet of things (IoT) telecom services market

It is interesting to see that, due to a number of factors, including the rising penetration of smart connected devices, the adoption of cloud and the demand for smart network bandwidth management and automation on communication operations, the global Internet of things (IoT) telecom services market is anticipated to grow at the rapid pace.

According to Research and Markets, the market has generated the revenue of 2.90 Billion in 2016 and is anticipated to reach up to $18 Billion by 2022. 

The firm also revealed that, North America is anticipated to account for the largest market share in the Internet of things telecom services market, followed by Europe, Owing to rising adoption of smart connected devices and technologies and telcos promoting over-the-top content applications.