FREMONT, CA: Research and Markets unveils a latest report on the growth of IoT Telecom and finds the market to grow to 17.67 billion in the forecast period 2016-2021. The report “IoT Telecom Services Market” foresees the market to find major application in transportation, logistics tracking, traffic management, smart healthcare, capillary networks management, and traffic management sectors.
The IoT telecom services help the businesses to earn more benefits by leveraging low-power, and high range wire technologies. The IoT offering allows the logistics unit to make quick changes in case of late shipment. The IoT enabled smart vehicles are tracked for real-time management of logistics.
The APAC region along with North America is expected to be the major contributor to the growth of IoT market in the forecast period. APAC region has many benefits such as cost efficient solutions, availability of trained labours, and flexible policies. The development in smart technology has further helped in the expansion of the market.