Global 5G in IoT Market is valued at approximately USD 6.50 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 30.32% over the forecast period 2024-2032. The integration of 5G technology within the Internet of Things (IoT) standard is propelling the advent of high-speed, reliable, and efficient wireless communication systems, imperative for the seamless functioning of contemporary IoT applications. The surge in demand for high-speed data transmission and minimal latency for real-time analytics is a fundamental driver for the expansion of the 5G in IoT market. Furthermore, the surging number of IoT devices and substantial governmental investments in smart city projects are amplifying the deployment of 5G in IoT solutions. This escalating implementation is fostering supply chain optimization and also enhancing energy management through sophisticated smart grids, thereby presenting growth prospects for the Global 5G in IoT Market.
However, the high cost associated with the deployment of 5G infrastructure and prevailing concerns regarding security and privacy within 5G IoT solutions pose substantial challenges to market growth. Despite these obstacles, the ongoing introduction of technological advancements by market vendors is expected to unveil new opportunities, fueling market expansion. The market is poised to benefit from the growing usage of 5G in wide-range IoT devices, essential for connectivity over extensive geographical areas, such as logistics tracking, smart city implementations, and agricultural monitoring.
The market segmentation by range defines the difference between short-range IoT devices, optimized for low power consumption and close-proximity interactions, and wide-range IoT devices, necessitating long-distance connectivity and robust coverage, facilitated by 5G networks. Additionally, the segmentation by technology highlights the rising potential of 5G NR non-standalone architecture, leveraging existing 4G LTE infrastructure, and the future-oriented 5G NR standalone architecture, which provides comprehensive 5G capabilities including ultra-reliable low latency communications (URLLC) and massive machine type communications (mMTC).
The key regions considered for the global 5G in IoT market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Among these, North America is accounted as the dominating region because of the rapid adoption of 5G technology across various IoT applications, driven by substantial consumer demand for enhanced connectivity and speed. The Asia Pacific region, particularly China, Japan, and India, is at the forefront of 5G in IoT deployment, bolstered by aggressive governmental support and significant investments in 5G infrastructure. Additionally, favorable regulatory initiatives in the Asia Pacific region and related investment programs, also present a fertile ground for 5G IoT market growth in the forecast period.
Major market players included in this report are:
- AT&T Inc.
- BCE Inc.
- BT Group PLC
- Capgemini SE
- China Mobile Limited
- Cisco Systems, Inc.
- Huawei Investment & Holding Co., Ltd.
- Juniper Networks, Inc.
- Nokia Corporation
- QUALCOMM Incorporated
The detailed segments and sub-segment of the market are explained below:
By Range:
- Short-Range IoT Device
- Wide-Range IoT Device
By Technology:
- 5G New Radio Non-Standalone Architecture
- 5G New Radio Standalone Architecture
By Component:
- Connectivity
- Hardware
- Platform
- Services
By Industry:
- Aerospace & Defence
- Energy & Utilities
- Government & Public Sector
- Healthcare & Life Sciences
- Manufacturing
- Transportation & Logistics
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global 5G in IoT Market Executive Summary
- 1.1. Global 5G in IoT Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Range
- 1.3.2. By Technology
- 1.3.3. By Component
- 1.3.4. By Industry
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global 5G in IoT Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global 5G in IoT Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing demand for high-speed data transmission
- 3.1.2. Government investment in smart city projects
- 3.1.3. Rising number of IoT devices
- 3.2. Market Challenges
- 3.2.1. High cost of implementation
- 3.2.2. Security and privacy concerns
- 3.3. Market Opportunities
- 3.3.1. Technological advancements in 5G IoT solutions
- 3.3.2. Expansion in supply chain optimization
- 3.3.3. Growth in energy management through smart grids
Chapter 4. Global 5G in IoT Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global 5G in IoT Market Size & Forecasts by Range 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global 5G in IoT Market: Range Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Short-Range IoT Device
- 5.2.2. Wide-Range IoT Device
Chapter 6. Global 5G in IoT Market Size & Forecasts by Technology 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global 5G in IoT Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. 5G New Radio Non-Standalone Architecture
- 6.2.2. 5G New Radio Standalone Architecture
Chapter 7. Global 5G in IoT Market Size & Forecasts by Component 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global 5G in IoT Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Connectivity
- 7.2.2. Hardware
- 7.2.3. Platform
- 7.2.4. Services
Chapter 8. Global 5G in IoT Market Size & Forecasts by Industry 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global 5G in IoT Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Aerospace & Defence
- 8.2.2. Energy & Utilities
- 8.2.3. Government & Public Sector
- 8.2.4. Healthcare & Life Sciences
- 8.2.5. Manufacturing
- 8.2.6. Transportation & Logistics
Chapter 9. Global 5G in IoT Market Size & Forecasts by Region 2022-2032
- 9.1. North America 5G in IoT Market
- 9.1.1. U.S. 5G in IoT Market
- 9.1.1.1. Range breakdown size & forecasts, 2022-2032
- 9.1.1.2. Technology breakdown size & forecasts, 2022-2032
- 9.1.1.3. Component breakdown size & forecasts, 2022-2032
- 9.1.1.4. Industry breakdown size & forecasts, 2022-2032
- 9.1.2. Canada 5G in IoT Market
- 9.1.2.1. Range breakdown size & forecasts, 2022-2032
- 9.1.2.2. Technology breakdown size & forecasts, 2022-2032
- 9.1.2.3. Component breakdown size & forecasts, 2022-2032
- 9.1.2.4. Industry breakdown size & forecasts, 2022-2032
- 9.2. Europe 5G in IoT Market
- 9.2.1. UK 5G in IoT Market
- 9.2.1.1. Range breakdown size & forecasts, 2022-2032
- 9.2.1.2. Technology breakdown size & forecasts, 2022-2032
- 9.2.1.3. Component breakdown size & forecasts, 2022-2032
- 9.2.1.4. Industry breakdown size & forecasts, 2022-2032
- 9.2.2. Germany 5G in IoT Market
- 9.2.2.1. Range breakdown size & forecasts, 2022-2032
- 9.2.2.2. Technology breakdown size & forecasts, 2022-2032
- 9.2.2.3. Component breakdown size & forecasts, 2022-2032
- 9.2.2.4. Industry breakdown size & forecasts, 2022-2032
- 9.2.3. France 5G in IoT Market
- 9.2.3.1. Range breakdown size & forecasts, 2022-2032
- 9.2.3.2. Technology breakdown size & forecasts, 2022-2032
- 9.2.3.3. Component breakdown size & forecasts, 2022-2032
- 9.2.3.4. Industry breakdown size & forecasts, 2022-2032
- 9.2.4. Spain 5G in IoT Market
- 9.2.4.1. Range breakdown size & forecasts, 2022-2032
- 9.2.4.2. Technology breakdown size & forecasts, 2022-2032
- 9.2.4.3. Component breakdown size & forecasts, 2022-2032
- 9.2.4.4. Industry breakdown size & forecasts, 2022-2032
- 9.2.5. Italy 5G in IoT Market
- 9.2.5.1. Range breakdown size & forecasts, 2022-2032
- 9.2.5.2. Technology breakdown size & forecasts, 2022-2032
- 9.2.5.3. Component breakdown size & forecasts, 2022-2032
- 9.2.5.4. Industry breakdown size & forecasts, 2022-2032
- 9.2.6. Rest of Europe 5G in IoT Market
- 9.2.6.1. Range breakdown size & forecasts, 2022-2032
- 9.2.6.2. Technology breakdown size & forecasts, 2022-2032
- 9.2.6.3. Component breakdown size & forecasts, 2022-2032
- 9.2.6.4. Industry breakdown size & forecasts, 2022-2032
- 9.3. Asia-Pacific 5G in IoT Market
- 9.3.1. China 5G in IoT Market
- 9.3.1.1. Range breakdown size & forecasts, 2022-2032
- 9.3.1.2. Technology breakdown size & forecasts, 2022-2032
- 9.3.1.3. Component breakdown size & forecasts, 2022-2032
- 9.3.1.4. Industry breakdown size & forecasts, 2022-2032
- 9.3.2. India 5G in IoT Market
- 9.3.2.1. Range breakdown size & forecasts, 2022-2032
- 9.3.2.2. Technology breakdown size & forecasts, 2022-2032
- 9.3.2.3. Component breakdown size & forecasts, 2022-2032
- 9.3.2.4. Industry breakdown size & forecasts, 2022-2032
- 9.3.3. Japan 5G in IoT Market
- 9.3.3.1. Range breakdown size & forecasts, 2022-2032
- 9.3.3.2. Technology breakdown size & forecasts, 2022-2032
- 9.3.3.3. Component breakdown size & forecasts, 2022-2032
- 9.3.3.4. Industry breakdown size & forecasts, 2022-2032
- 9.3.4. Australia 5G in IoT Market
- 9.3.4.1. Range breakdown size & forecasts, 2022-2032
- 9.3.4.2. Technology breakdown size & forecasts, 2022-2032
- 9.3.4.3. Component breakdown size & forecasts, 2022-2032
- 9.3.4.4. Industry breakdown size & forecasts, 2022-2032
- 9.3.5. South Korea 5G in IoT Market
- 9.3.5.1. Range breakdown size & forecasts, 2022-2032
- 9.3.5.2. Technology breakdown size & forecasts, 2022-2032
- 9.3.5.3. Component breakdown size & forecasts, 2022-2032
- 9.3.5.4. Industry breakdown size & forecasts, 2022-2032
- 9.3.6. Rest of Asia-Pacific 5G in IoT Market
- 9.3.6.1. Range breakdown size & forecasts, 2022-2032
- 9.3.6.2. Technology breakdown size & forecasts, 2022-2032
- 9.3.6.3. Component breakdown size & forecasts, 2022-2032
- 9.3.6.4. Industry breakdown size & forecasts, 2022-2032
- 9.4. Latin America 5G in IoT Market
- 9.4.1. Brazil 5G in IoT Market
- 9.4.1.1. Range breakdown size & forecasts, 2022-2032
- 9.4.1.2. Technology breakdown size & forecasts, 2022-2032
- 9.4.1.3. Component breakdown size & forecasts, 2022-2032
- 9.4.1.4. Industry breakdown size & forecasts, 2022-2032
- 9.4.2. Mexico 5G in IoT Market
- 9.4.2.1. Range breakdown size & forecasts, 2022-2032
- 9.4.2.2. Technology breakdown size & forecasts, 2022-2032
- 9.4.2.3. Component breakdown size & forecasts, 2022-2032
- 9.4.2.4. Industry breakdown size & forecasts, 2022-2032
- 9.4.3. Rest of Latin America 5G in IoT Market
- 9.4.3.1. Range breakdown size & forecasts, 2022-2032
- 9.4.3.2. Technology breakdown size & forecasts, 2022-2032
- 9.4.3.3. Component breakdown size & forecasts, 2022-2032
- 9.4.3.4. Industry breakdown size & forecasts, 2022-2032
- 9.5. Middle East & Africa 5G in IoT Market
- 9.5.1. Saudi Arabia 5G in IoT Market
- 9.5.1.1. Range breakdown size & forecasts, 2022-2032
- 9.5.1.2. Technology breakdown size & forecasts, 2022-2032
- 9.5.1.3. Component breakdown size & forecasts, 2022-2032
- 9.5.1.4. Industry breakdown size & forecasts, 2022-2032
- 9.5.2. South Africa 5G in IoT Market
- 9.5.2.1. Range breakdown size & forecasts, 2022-2032
- 9.5.2.2. Technology breakdown size & forecasts, 2022-2032
- 9.5.2.3. Component breakdown size & forecasts, 2022-2032
- 9.5.2.4. Industry breakdown size & forecasts, 2022-2032
- 9.5.3. Rest of Middle East & Africa 5G in IoT Market
- 9.5.3.1. Range breakdown size & forecasts, 2022-2032
- 9.5.3.2. Technology breakdown size & forecasts, 2022-2032
- 9.5.3.3. Component breakdown size & forecasts, 2022-2032
- 9.5.3.4. Industry breakdown size & forecasts, 2022-2032
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. AT&T Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. BCE Inc.
- 10.3.3. BT Group PLC
- 10.3.4. Capgemini SE
- 10.3.5. China Mobile Limited
- 10.3.6. Cisco Systems, Inc.
- 10.3.7. Huawei Investment & Holding Co., Ltd.
- 10.3.8. Juniper Networks, Inc.
- 10.3.9. Nokia Corporation
- 10.3.10. QUALCOMM Incorporated
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes