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5G IoT Market - Global Industry Analysis

5G IoT Market By Radio Technology (5G New Radio Standalone Architecture and 5G New Radio Non-Standalone Architecture), By Range (Short-Range and Wide-Range), and By Vertical (Energy & Utilities, Manufacturing, Healthcare, Government, Mining, Transportation & Logistics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020–2025

Published Date: 27-Aug-2019 Category: Technology & Media Report Format : PDF Pages: 172 Report Code: ZMR-4628 Status : Published

Global 5G IoT market is expected to grow from USD 305 million in 2020 to USD 6,139 million by 2025, growing at a CAGR approximately 54.3% between 2021 and 2025. The 5G IoT market globally is expected to gain recognition in the long run, owing to its various uses and benefits.

Description

The report analyzes and forecasts the 5G IoT market on a global and regional level. The study offers data from 2020 to 2025 based on revenue (USD Million). The assessment of 5G IoT market dynamics gives a brief thought about the drivers and restraints of the 5G IoT market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the 5G IoT market on a global level.

The report gives a transparent view of the 5G IoT market. We have included a detailed competitive scenario and portfolio of leading vendors operating in the 5G IoT market. To understand the competitive landscape in the 5G IoT market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global 5G IoT Market

The study provides a crucial view of the 5G IoT market by segmenting it based on radio technology, range, vertical, and region. All the segments of the 5G IoT market have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segment comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Some prominent players of the 5G IoT market are Nokia, Ericsson, AT&T, Huawei, Sprint, Verizon, BT Group, Telefónica, Telstra, Vodafone, Telus, Bell Canada, Etisalat, Rogers, and Singtel.

This report segments the global 5G IoT market into:

Global 5G IoT Market: Radio Technology Analysis

  • 5G New Radio Standalone Architecture
  • 5G New Radio Non-Standalone Architecture

Global 5G IoT Market: Range Analysis

  • Short-Range IoT Devices
  • Wide-Range IoT Devices

Global 5G IoT Market: Vertical Analysis

  • Manufacturing
  • Energy and Utilities
  • Government
  • Healthcare
  • Transportation and Logistics
  • Mining
  • Others

Global 5G IoT Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global 5G IoT Market, 2020-2025 (USD Million)
    • 2.2. 5G IoT Market: Snapshot
  •  
  • Chapter 3. Global 5G IoT Market - Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Range landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
        • 3.4.3.1. Growing demand for low latency connectivity
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
      • 3.5.1. High Capital expenditures for required infrastructure
    • 3.6. Opportunity
      • 3.6.1. Rapid Infrastructural Development
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory Landscape
    • 3.9. Porter's Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. 5G IoT Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Radio Technology
      • 3.11.2. Market Attractiveness Analysis by Range
      • 3.11.3. Market Attractiveness Analysis by Vertical
      • 3.11.4. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global 5G IoT Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2020
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  •  
  • Chapter 5. Global5G IoT Market - Radio Technology Analysis
    • 5.1. Global 5G IoT Market Share, by Radio Technology, 2020 and 2025
    • 5.2. Global 5G IoT Market by 5G New Radio Standalone Architecture, 2020-2025 (USD Million)
    • 5.3. Global 5G IoT Market by 5G New Radio Non-Standalone Architecture, 2020-2025 (USD Million)
  •  
  • Chapter 6. Global5G IoT Market - Range Analysis
    • 6.1. Global 5G IoT Market Share, by Range, 2020 and 2025
    • 6.2. Global 5G IoT Market by Short-Range IoT Devices, 2020-2025 (USD Million)
    • 6.3. Global 5G IoT Market by Wide-Range IoT Devices, 2020-2025 (USD Million)
  •  
  • Chapter 7. Global5G IoT Market - Vertical Analysis
    • 7.1. Global 5G IoT Market Share, by Vertical, 2020 and 2025
    • 7.2. Global 5G IoT Market by Manufacturing, 2020-2025 (USD Million)
    • 7.3. Global 5G IoT Market by Energy and Utilities, 2020-2025 (USD Million)
    • 7.4. Global 5G IoT Market by Government, 2020-2025 (USD Million)
    • 7.5. Global 5G IoT Market by Healthcare, 2020-2025 (USD Million)
    • 7.6. Global 5G IoT Market by Transportation and Logistics, 2020-2025 (USD Million)
    • 7.7. Global 5G IoT Market by Mining, 2020-2025 (USD Million)
    • 7.8. Global 5G IoT Market by Others, 2020-2025 (USD Million)
  •  
  • Chapter 8. Global5G IoT Market - Regional Analysis
    • 8.1. Global 5G IoT Market Share, By Region, 2020 and 2025
    • 8.2. North America
      • 8.2.1. North America 5G IoT Market Revenue, 2020-2025 (USD Million)
      • 8.2.2. North America 5G IoT Market Revenue, By Radio Technology, 2020-2025 (USD Million)
      • 8.2.3. North America 5G IoT Market Revenue, By Range, 2020-2025 (USD Million)
      • 8.2.4. North America 5G IoT Market Revenue, By Vertical, 2020-2025 (USD Million)
      • 8.2.5. The U.S.
        • 8.2.5.1. The U.S. 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.2.5.2. The U.S. 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.2.5.3. The U.S. 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.2.6. Canada
        • 8.2.6.1. Canada 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.2.6.2. Canada 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.2.6.3. Canada 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe 5G IoT Market Revenue, 2020-2025 (USD Million)
      • 8.3.2. Europe 5G IoT Market Revenue, By Radio Technology, 2020-2025 (USD Million)
      • 8.3.3. Europe 5G IoT Market Revenue, By Range, 2020-2025 (USD Million)
      • 8.3.4. Europe 5G IoT Market Revenue, By Vertical, 2020-2025 (USD Million)
      • 8.3.5. UK
        • 8.3.5.1. UK 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.3.5.2. UK 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.3.5.3. UK 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.3.6. France
        • 8.3.6.1. France 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.3.6.2. France 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.3.6.3. France 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.3.7. Germany
        • 8.3.7.1. Germany 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.3.7.2. Germany 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.3.7.3. Germany 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.3.8. Rest of Europe
        • 8.3.8.1. Rest of Europe 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.3.8.2. Rest of Europe 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.3.8.3. Rest of Europe 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific 5G IoT Market Revenue, 2020-2025 (USD Million)
      • 8.4.2. Asia Pacific 5G IoT Market Revenue, By Radio Technology, 2020-2025 (USD Million)
      • 8.4.3. Asia Pacific 5G IoT Market Revenue, By Range, 2020-2025 (USD Million)
      • 8.4.4. Asia Pacific 5G IoT Market Revenue, By Vertical, 2020-2025 (USD Million)
      • 8.4.5. China
        • 8.4.5.1. China 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.4.5.2. China 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.4.5.3. China 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.4.6. Japan
        • 8.4.6.1. Japan 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.4.6.2. Japan 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.4.6.3. Japan 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.4.7. India
        • 8.4.7.1. India 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.4.7.2. India 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.4.7.3. India 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia Pacific 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.4.8.2. Rest of Asia Pacific 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.4.8.3. Rest of Asia Pacific 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America 5G IoT Market Revenue, 2020-2025 (USD Million)
      • 8.5.2. Latin America 5G IoT Market Revenue, By Radio Technology, 2020-2025 (USD Million)
      • 8.5.3. Latin America 5G IoT Market Revenue, By Range, 2020-2025 (USD Million)
      • 8.5.4. Latin America 5G IoT Market Revenue, By Vertical, 2020-2025 (USD Million)
      • 8.5.5. Brazil
        • 8.5.5.1. Brazil 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.5.5.2. Brazil 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.5.5.3. Brazil 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
      • 8.5.6. Rest of Latin America
        • 8.5.6.1. Rest of Latin America 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
        • 8.5.6.2. Rest of Latin America 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
        • 8.5.6.3. Rest of Latin America 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa 5G IoT Market Revenue, 2020-2025 (USD Million)
      • 8.6.2. The Middle East and Africa 5G IoT Market Revenue, by Radio Technology, 2020-2025 (USD Million)
      • 8.6.3. The Middle East and Africa 5G IoT Market Revenue, by Range, 2020-2025 (USD Million)
      • 8.6.4. The Middle East and Africa 5G IoT Market Revenue, by Vertical, 2020-2025 (USD Million)
  •  
  • Chapter 9. Company Profiles
    • 9.1. Nokia
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Ericsson
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. AT&T
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Huawei
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Sprint
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Verizon
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. BT Group
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Telefónica
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Telstra
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Vodafone
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Telus
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments
    • 9.12. Bell Canada
      • 9.12.1. Overview
      • 9.12.2. Financials
      • 9.12.3. Product portfolio
      • 9.12.4. Business strategy
      • 9.12.5. Recent developments
    • 9.13. Etisalat
      • 9.13.1. Overview
      • 9.13.2. Financials
      • 9.13.3. Product portfolio
      • 9.13.4. Business strategy
      • 9.13.5. Recent developments
    • 9.14. Rogers
      • 9.14.1. Overview
      • 9.14.2. Financials
      • 9.14.3. Product portfolio
      • 9.14.4. Business strategy
      • 9.14.5. Recent developments
    • 9.15. Singtel
      • 9.15.1. Overview
      • 9.15.2. Financials
      • 9.15.3. Product portfolio
      • 9.15.4. Business strategy
      • 9.15.5. Recent developments

List of Figures

1. Global 5G IoT Market Segmentation by Radio Technology, Range, Vertical, and Geography
2. Global 5G IoT Market, 2020–2025 (USD Million)
3. Porter’s Five Forces Analysis
4. Global 5G IoT Market Attractiveness, by Radio Technology
5. Global 5G IoT Market Attractiveness, by Range
6. Global 5G IoT Market Attractiveness, by Vertical
7. Global 5G IoT Market Attractiveness, by Region
8. Global 5G IoT Market Share, by Radio Technology, 2020 and 2025
9. Global 5G IoT Market by 5G New Radio Standalone Architecture, 2020–2025 (USD Million)
10. Global 5G IoT Market by 5G New Radio Non-Standalone Architecture, 2020–2025 (USD Million)
11. Global 5G IoT Market Share, by Range, 2020 and 2025
12. Global 5G IoT Market by Short-Range IoT Devices, 2020–2025 (USD Million)
13. Global 5G IoT Market by Wide-Range IoT Devices, 2020–2025 (USD Million)
14. Global 5G IoT Market Share, by Vertical, 2020 and 2025
15. Global 5G IoT Market by Manufacturing, 2020–2025 (USD Million)
16. Global 5G IoT Market by Energy and Utilities, 2020–2025 (USD Million)
17. Global 5G IoT Market by Government, 2020–2025 (USD Million)
18. Global 5G IoT Market by Healthcare, 2020–2025 (USD Million)
19. Global 5G IoT Market by Transportation and Logistics, 2020–2025 (USD Million)
20. Global 5G IoT Market by Mining, 2020–2025 (USD Million)
21. Global 5G IoT Market by Others, 2020–2025 (USD Million)
22. Global 5G IoT Market Share, by Region, 2020 and 2025
23. North America 5G IoT Market, 2020–2025 (USD Million)
24. Europe 5G IoT Market, 2020–2025 (USD Million)
25. Asia Pacific 5G IoT Market, 2020-2025(USD Million)
26. Latin America 5G IoT Market, 2020–2025 (USD Million)
27. The Middle East and Africa 5G IoT Market, 2020–2025 (USD Million)


List of Tables

1. Global 5G IoT Market snapshot
2. Drivers of the 5G IoT Market: Impact analysis
3. Restraints of the 5G IoT Market: Impact analysis
4. North America 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
5. North America 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
6. North America 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
7. The U.S. 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
8. The U.S. 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
9. The U.S. 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
10. Canada 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
11. Canada 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
12. Canada 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
13. Europe 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
14. Europe 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
15. Europe 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
16. UK 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
17. UK 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
18. UK 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
19. France 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
20. France 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
21. France 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
22. Germany 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
23. Germany 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
24. Germany 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
25. Rest of Europe 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
26. Rest of Europe 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
27. Rest of Europe 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
28. Asia Pacific 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
29. Asia Pacific 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
30. Asia Pacific 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
31. China 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
32. China 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
33. China 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
34. Japan 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
35. Japan 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
36. Japan 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
37. India 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
38. India 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
39. India 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
40. Rest of Asia Pacific 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
41. Rest of Asia Pacific 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
42. Rest of Asia Pacific 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
43. Latin America 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
44. Latin America 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
45. Latin America 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
46. Brazil 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
47. Brazil 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
48. Brazil 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
49. Rest of Latin America 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
50. Rest of Latin America 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
51. Rest of Latin America 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)
52. The Middle East and Africa 5G IoT Market Revenue, By Radio Technology, 2020–2025 (USD Million) 
53. The Middle East and Africa 5G IoT Market Revenue, By Range, 2020–2025 (USD Million)
54. The Middle East and Africa 5G IoT Market Revenue, By Vertical, 2020–2025 (USD Million)

Methodology

Free Analysis

The fifth-generation network or 5G is still under development; it is targeting to reach new limits of high speed, low latency, and low power for IoT. The combination of 5G and IoT accelerates uploads and downloads, with low latency and network support.

The 5G IoT market globally is expected to gain recognition in the long run, owing to its various uses and benefits. IoT has been drastically changing businesses and consumer landscape over the last few decades. The number of IoT devices is anticipated to reach 10 billion by 2020 and 25 billion by 2025, starting from industrial devices and wearable devices to connected cars. The 5G IoT market development will also be fuelled by the growing demand for low latency. The networks of 5G IoT can also provide backing operations that require real-time access to data changes almost instantly. Moreover, the growing cases of road accidents due to the increasing volumes of road traffic is expected to propel the demand for sensors, making it one of the important aspects of road safety. This, in turn, will fuel the 5G IoT market growth globally. Furthermore, the rising use of sensors by the automation industry is likely to boost the requirement for real-time tracking, analyzing, and processing of collected data via sensors, thereby supporting the 5G IoT market growth over the forecast time period. However, high capital expenditure for infrastructural establishment of 5G IoT may curtail the 5G IoT market growth in the future.

Global 5G IoT Market

By range, the 5G IoT market is divided into short-range and wide-range IoT devices. Short-range IoT devices are anticipated to hold a substantial market share in the years ahead, owing to the developing new 5G IoT applications. Short-range IoT devices require different types of connectivity solutions to meet the ever-growing demand for high-speed connectivity by global consumers.

North America will witness significant growth in the global 5G IoT market in the future, owing to the extensive regional growth of wireless connectivity and connected devices. The rising use of IoT-enabled devices is further boosting the North American 5G IoT market. Developed countries like the U.S. and Canada are also driving the development of the region’s 5G IoT market.

Some prominent players of the 5G IoT market are Nokia, Ericsson, AT&T, Huawei, Sprint, Verizon, BT Group, Telefónica, Telstra, Vodafone, Telus, Bell Canada, Etisalat, Rogers, and Singtel.

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