Global 5G Internet of Things (IoT) Market, By Connection (Direct Connectivity, Indirect Connectivity), Radio Technology (5G NR Standalone Architecture, 5G NR Non-Standalone Architecture), Range (Short Range IoT Devices, Wide Range IoT Devices), Vertical (Manufacturing, Energy and Utilities, Government, Healthcare, Transportation and Logistics, Mining, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the 5G internet of things (IoT) market will exhibit a CAGR of 73.46% for the forecast period of 2021-2028 and is expected to reach the market value of USD 122.84 billion by 2028.
5G internet of things (IoT) is a branch of connectivity that deals with the higher-quality and faster interconnection of loT based components, devices and systems. This technology ensures that there is minimal or no delay during device connectivity, hence increasing operational productivity and improving user experience.
The rise in the level of infrastructure development activities and the growing prevalence of IoT devices globally are the major factors influencing the market growth rate. Furthermore, surge in the demand of low latent connectivity solutions and high volume of data traffic generation is the factors that will accelerate growth of the 5G internet of things (IoT) market.
Moreover, development of small infrastructure and growing demand for private 5G network across enterprises, industries and governments will boost the beneficial opportunities for the 5G internet of things (IoT) market growth.
However, requirement of significant expenditure needed for the infrastructure development for the successful deployment and integration of 5G internet of things (IoT) services are the factors that will hamper the 5G internet of things (IoT) market growth. Also, strict government regulations coupled with the issues related to the global spectrum will challenge the growth of the 5G internet of things (IoT) market.
This 5G internet of things (IoT) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on 5G internet of things (IoT) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global 5G Internet of Things (IoT) Market Scope and Market Size
The 5G internet of things (IoT) market is segmented on the basis of connection, radio technology, range and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of connection, the 5G internet of things (IoT) market is segmented into direct connectivity and indirect connectivity.
- On the basis of radio technology, the 5G internet of things (IoT) market is segmented into 5G NR standalone architecture and 5G NR non-standalone architecture.
- On the basis of range, the 5G internet of things (IoT) market is segmented into short range IoT devices and wide range IoT devices.
- On the basis of vertical, the 5G internet of things (IoT) market is segmented into manufacturing, energy and utilities, government, healthcare, transportation and logistics, mining and others.
5G Internet of Things (IoT) Market Country Level Analysis
The 5G internet of things (IoT) market is segmented on the basis of connection, radio technology, range and vertical.
The countries covered in the 5G internet of things (IoT) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the 5G internet of things (IoT) market and will continue to flourish its trend of dominance during the forecast period due to the technological advancement and increase in the deployment of 4G and 5G networks in this region. North America will however, register the highest CAGR for this period due to the large IoT device and module manufacturers and 5G network providers in this region.
The country section of the 5G internet of things (IoT) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and 5G Internet of Things (IoT) Market Share Analysis
The 5G internet of things (IoT) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 5G internet of things (IoT) market.
The major players covered in the 5G internet of things (IoT) market report are Qualcomm Technologies, Inc.; Telefonaktiebolaget LM Ericsson; Palo Alto Networks; Anritsu; Telenor Group; Sierra Wireless; Syniverse Technologies LLC; Nokia; Huawei Technologies Co., Ltd.; AT&T Intellectual Property; Verizon; Juniper Networks, Inc.; Vodafone Idea Limited; Sprint; BT; Telefónica S.A.; Telstra; Bell Canada; and Singtel among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.