According to Future Market Insights’ recently published 5G IoT industry analysis report, the global 5G IoT market generated US$ 2.6 billion in revenue in 2021. From 2022 to 2032, the market is anticipated to grow by 33.5%. The 5G Non-Standalone segment, with a projected growth of 31.8% from 2022 to 2032, is anticipated to be the 5G IoT network type that generates the highest revenue.
In order to improve workflow and business efficiency and profitability, 5G technology is being used in a variety of sectors, including manufacturing, healthcare, energy, utilities, the automotive industry, government, public safety, and agriculture.
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Competitive Analysis
The key players such as
- China Mobile;
- AT&T;
- Verizon;
- T-Mobile;
- Vodafone
adopt several technological strategies to enhance their revenue and market standings.
Some of the recent developments of key 5G IoT providers are as follows:
- In Mar 2022, Verizon has taken steps to integrate 5G in its new iPhone SE and iPad Air.
- In Feb 2022, AT&T collaborated with Microsoft for making the private 5G edge by integrating AT&T 5G network with Azure private MEC so that it can be implemented in businesses, schools, and other organizations.
- In Jan 2022, China Mobile, Nokia, and MediaTek accomplished a new 5G Standalone speed record involving Carrier Aggregation innovation in Shanghai.
Similarly, recent developments related to companies offering 5G IoT have been tracked by the team at Future Market Insights, which are available in the full report.
The 5G IoT (Internet of Things) market refers to the intersection of two important technology trends: the deployment of 5G wireless networks and the proliferation of IoT devices.
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5G wireless networks promise to deliver faster data speeds, lower latency, and greater network capacity compared to 4G networks. These characteristics are crucial for supporting the massive amounts of data generated by IoT devices, which require low-latency, high-bandwidth connectivity to function optimally.
The 5G IoT market is expected to grow significantly in the coming years, driven by the increasing adoption of IoT devices across various industries, such as manufacturing, healthcare, transportation, and smart cities. The ability to leverage 5G networks to connect and manage large numbers of IoT devices is seen as a key driver for digital transformation in these industries.
Market Segments Covered in 5G IoT Industry Analysis
By Component:
- Hardware
- Platform
- Connectivity
- Services
- Professional Services
- Managed Services
By Network Type:
- 5G Standalone
- 5G Non-Standalone
By End User:
- Manufacturing
- Healthcare
- Energy and Utilities
- Automotive and Transportation
- Supply Chain and Logistics
- Government and Public Safety
- Agriculture
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa (MEA)
- Latin America
Table of Content
1. Executive Summary | 5G IoT Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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