5G Internet of Things (IoT) market witnessed USD 700 million in 2020, growing at a robust CAGR of 73% during forecast period.

Introduction of the 5G IoT Market Report

5G in internet of things has enabled better managerial of things and futuristic devices which has accelerated the advancement in the machinery for supporting every vertical across the dynamic world. 5G coupled with Internet of things has the potential to amplify the advancements and connect the world, humans with machines virtually.

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Market Dynamic

Key Drivers and Emerging Trends

Initial operations of business 5G cellular systems are now underway. Implementation of 5G and the IoT has been propelled by several aspects, including improved demand from consumers and businesses and the accessibility of more inexpensive devices. Substantial operators investing in 5G technology, spectrum, and transportation and the execution of global standards are also assisting in driving growth and increasing market interest in the IoT. In addition, artificial intelligence, cloud computing, and edge computing will improve to handle the data volumes generated by the IoT, as 5G boosts web capability. Further 5G improvements, such as non-public networks and network slicing, will ultimately help realise the vision of a global IoT network, supporting a massive number of connected devices. Mobile operators are using Mobile IoT technologies to connect millions of consumer devices, appliances, and machines in China. Furthermore, in 2019, as 5G NR eMBB services launch in both millimetre Wave and sub 6 Gigahertz (GHz) spectrum, LTE IoT will continue to evolve and operate seamlessly new 5G network. For example, LTE IoT is agnostic to core networks — either LTE core (EPC) or 5G core (NextGen or 5GC), which will support LTE-IoT evolution. And LTE IoT deployments will be supported by 5G NR in new 5G spectrum bands, allowing 5G NR IoT to leverage LTE IoT investments fully. More information is provided later in this paper regarding the use of spectrum assets for IoT applications.

Restraint in the 5G Internet of Things Market

However, lack of standardization in IoT is a major factor that is likely to hamper the Global 5G IoT Market growth.

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Type – Segment Analysis

Based on the type, hardware is witnessed to grow at a higher CAGR in the market over the forecast period. IoT Hardware incorporates a wide range of devices such as devices for bridges, routing, sensors etc. IoT devices helps in managing key tasks and functions such as system activation, security, action specifications, communication, and detection of support-specific goals and actions.

End-Use – Segment Analysis

Based on the end-use, healthcare is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the growing adoption of technology in healthcare for treatment and medication, which has significantly helped expand the market. Next-generation connectivity has also added pace to healthcare in the expansion of the overall market growth.

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Regional – Segment Analysis:

Based on the regional coverage, Asia-Pacific is witnessed to grow at a higher CAGR in the market over the forecast period. This is due to the growing penetration of the internet in the countries like China, India, and Japan, which has helped in changing the landscape of the overall market. In addition, with the increasing focus being given on digitizing the country by the Indian government, the country has attracted several IoT companies from big fores to small start-ups. The government of India has implemented an IoT policy that aims at creating an IoT ecosystem in the country and incentivizing the players in it by creating a $15 billion industry by the end of 2021.

Top Market Players

Various notable players operating in the market, include, China Mobile, AT&T, Verizon Communications, T-Mobile, Vodafone Group Plc, Orange S.A., Telefónica, SK Telecom, Deutsche Telekom, Ericsson, among others. 

Key Developments:

• • In 2021, AT&T launched its 5G+ services in some popular areas and venues across Tampa, such as Channel District, Raymond James stadium, and Tampa International Airport in the US.

Segments covered in the Report:

The global 5G Internet of Things market has been segmented on the basis of type, end-use, and regions. Based on type, the market is segmented into hardware, platform, connectivity, and services. Based on end-use, the market is segmented into automotive & transportation, consumer electronics, healthcare, industrial, agriculture, oil & gas, and others. 

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Key questions answered in this research report:

• • At what pace is global 5G Internet of Things market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in 5G Internet of Things market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global 5G Internet of Things market?
  • What is the 5G IoT Market Size in 2020?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various End-Use areas of global 5G Internet of Things market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues (2020)	USD 700 million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By End-Use, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	China Mobile, AT&T, Verizon Communications, T-Mobile, Vodafone Group Plc, Orange S.A., Telefónica, SK Telecom, Deutsche Telekom, Ericsson, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global 5G Internet of Things Market by Type

• • Hardware
  • Platform
  • Connectivity
  • Services

Global 5G Internet of Things Market by End-Use

• • Automotive & Transportation
  • Consumer Electronics
  • Healthcare
  • Industrial
  • Agriculture
  • Oil & Gas
  • Manufacturing
  • Others

Global 5G Internet of Things Market by Region

• • North America 5G Internet of Things Market (Option 1: As a part of the free 25% customization)
    • North America 5G Internet of Things Market by Type
    • North America 5G Internet of Things Market by End-Use
    • US 5G Internet of Things Market All-Up
    • Canada 5G Internet of Things Market All-Up
  • Europe 5G Internet of Things Market (Option 2: As a part of the free 25% customization)
    • Europe 5G Internet of Things Market by Type
    • Europe 5G Internet of Things Market by End-Use
    • UK 5G Internet of Things Market All-Up
    • Germany 5G Internet of Things Market All-Up
    • France 5G Internet of Things Market All-Up
    • Spain 5G Internet of Things Market All-Up
    • Rest of Europe 5G Internet of Things Market All-Up
  • Asia-Pacific 5G Internet of Things Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific 5G Internet of Things Market by Type
    • Asia-Pacific 5G Internet of Things Market by End-Use
    • China 5G Internet of Things Market All-Up
    • India 5G Internet of Things Market All-Up
    • Japan 5G Internet of Things Market All-Up
    • Rest of APAC 5G Internet of Things Market All-Up
  • RoW 5G Internet of Things Market (Option 4: As a part of the free 25% customization)
    • RoW 5G Internet of Things Market by Type
    • RoW 5G Internet of Things Market by End-Use
    • Brazil 5G Internet of Things Market All-Up
    • South Africa 5G Internet of Things Market All-Up
    • Saudi Arabia 5G Internet of Things Market All-Up
    • UAE 5G Internet of Things Market All-Up
    • Rest of world (remaining countries of the LAMEA region) 5G Internet of Things Market All-Up

Major Players Operating in the 5G Internet of Things (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • China Mobile
  • AT&T
  • Verizon Communications
  • T-Mobile
  • Vodafone Group Plc
  • Orange S.A.
  • Telefónica
  • SK Telecom
  • Deutsche Telekom
  • Ericsson