5G is seeing rapid applications in a number of industries such as manufacturing, energy & utilities, healthcare, automobile sector, transportation, and in agriculture sector among others to boost business profitability and efficiency
The “5G IOT” Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global 5G IOT Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. The 5G IOT Market report provides an in-depth study of SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization.
The 5G IOT market is expected to grow at 52% CAGR from 2024 to 2030. It is expected to reach above USD 51.97 Billion by 2030 from USD 1.2 Billion in 2023.
5G IoT Market Drivers
The growing popularity of IoT use cases in various sectors relying on connectivity spanning large areas and the increasing need to handle many connections have driven the demand for massive IoT technologies. Today, massive IoT is emerging as a new focal point for IoT connectivity technologies. It is an attractive opportunity for 5G, but telcos still rely on the current cellular IoT standards, such as the Narrowband Internet of Things (NB-IoT) in the early 5G era.
5G networks are expected to support the massive rollout of intelligent IoT nodes for a multitude of scenarios. They would also provide a competent platform to support the widespread adoption of critical communications services. Massive Machine Type Communication (mMTC) is developed as a part of the 3rd Generation Partnership Project (3GPP) Release 13/14 Low Power Wide Area Network (LPWAN) technologies, which include NB-IoT. These technologies are expected to meet most 5G mMTC requirements. The widespread adoption of IoT and continuous advancements in Machine-to-Machine (M2M) communication networks are transforming various verticals by connecting all types of devices, appliances, systems, and services.
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Top Companies in the Global 5G IOT Market: Telefonica, SK Telecom, Deutsche Telekom, Ericsson, China Mobile, AT&T, Verizon, T-Mobile, Vodafone, and Orange S.A.
Market Developments
- In July 2021, China Mobile Group established a partnership with Huawei for building the World’s Largest IoT support platform. Through this partnership, the two companies are projected to cooperate extensively to respond to service requirements in IoT through efficient O&M and service innovation.
The research study evaluates the overall size of the market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analysing previous year’s data of these segments and sub-segments for getting an accurate and complete 5G IOT market size.
Market Segment:
5g IOT Market by Radio Technology, 2020-2029, (USD Billion)
5g NR Standalone Architecture
5g NR Non-Standalone Architecture
5g IOT Market by Range, 2020-2029, (USD Billion)
Short Range IOT Devices
Wide Range IOT Devices
5g IOT Market by Vertical, 2020-2029, (USD Billion)
Manufacturing
Energy And Utilities
Government
Healthcare
Transportation and Logistics
Mining
Influence of the 5G IOT Market Report:
-Comprehensive assessment of all opportunities and risk in the 5G IOT market.
-5G IOT market recent innovations and major events.
-Detailed study of business strategies for growth of the 5G IOT market-leading players.
-Conclusive study about the growth plot of 5G IOT market for forthcoming years.
-In-depth understanding of 5G IOT market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the 5G IOT market.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Survey Tool in these regions, from 2024 to 2030, covering
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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The report provides insights on the following pointers:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 5G IOT Market Competitor Landscape by Players
Chapter 4 5G IOT Market Size by Type and Application
Chapter 5 Global and Regional Analysis
Chapter 6 Company Profiles, recent developments, and investments
Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter 8 Value Chain and Sales Channels Analysis with breakthrough product developments
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology/Research Approach
Finally, the 5G IOT Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure, and so on. 5G IOT industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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