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The outbreak of the COVID-19 pandemic had a positive influence over the market growth of 5G IoT owing to the robust expansion of digital technology as a result of elongated periods of pandemic induced lockdowns. The healthcare sector utilises IoT connected devices in remote patient monitoring devices to curtail the spread of infection upon regular hospital visits. IoT in healthcare allows healthcare providers and caretakers to monitor patients’ health with real-time updates provided by advanced wireless technology such as 5G technology. Furthermore, the 5G IoT in healthcare further aids in transmitting real-time updates, cloud-based storage, and video conferencing, which is boosting the growth of the industry. Furthermore, remote monitoring devices help in significant cost reductions, diminishing the need for frequent doctor visits and hospitalisation costs, thereby invigorating the demand for advanced digital technology such as 5G IoT.
Qualcomm Inc. (NASDAQ: QCOM), a leading provider of IoT services, recently introduced the company’s first, purpose-built Internet of Things (IoT) modem solution equipped with 5G connectivity in May 2021. The Qualcomm 315 5G IoT Modem-RF System is an elaborated modem-to-antenna solution designed to support the IoT ecosystem in building upgradeable LTE and 5G devices for IoT verticals, accelerate the adoption of 5G connectivity for IoT, and expand the overall opportunity for 5G in the IoT industry. Built with premium gigabit class performance, low-power, and thermal-efficient capabilities to enable a new generation of fast, powerful and high-performing IoT solutions, the Qualcomm 315 5G IoT Modem-RF System is designed especially for retail, energy, automation, mining, precision agriculture, and construction, among others. Such developments by leading market players are furthering the growth of 5G IoT industry.
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The major players in the global 5G IoT market are Nokia Corporation, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and Vodafone Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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