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Global 5G IoT Market: By Component: Hardware, Platform, Connectivity, Services; By Technology: Ultra-Reliable Low-Latency Communications (URLLC), Low-Power Wide-Area Network (LPWAN); By End-User; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global 5G IoT Market Outlook

The global 5G IoT market attained a value of about USD 1.53 billion in 2020. The market is further expected to grow at a CAGR of 74.19% during the forecast period of 2022-2027 to reach nearly USD 42.34 billion by 2026.

 

The Increasing Dependency on Wireless Technology is Stimulating the Market Growth of 5G IoT

The global market for 5G IoT is being driven by the rising market penetration of IoT connected devices in numerous end use industries, including healthcare, retail, construction, transportation, and manufacturing, among others. The ability of IoT devices to communicate with each other independently has been the prime factor contributing to the growth of advanced wireless technology such as 5G, LPWAN, and Internet Protocol version 6 (IPv6), among others.

 

Global 5G IoT Market

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5G connectivity is emerging to be a promising internet facility to support IoT connected services owing to its ability to support a massive number of devices, low-latency, and high speed and bandwidth, among others, thereby augmenting the growth of 5G IoT industry. In addition to this, the rising dependency on wireless technology, enormous data transfers, and cloud storage has further invigorated the demand for increased capacity, high data rate, and fast connectivity, which is another factor stimulating the growth of the market.

 

5G IoT: Industry Definition and Segmentation

IoT or the internet of things technology refers to the extension of internet connectivity to physical objects for daily use. It is an advanced digital technology that connects and delivers data across different devices through wireless technology like 5G. 5G refers to the 5th generation of wireless technology with reduced latency to allow for real-time communication and improved data transfer.

On the basis of component, the market can be divided into:

  • Hardware
  • Platform
  • Connectivity
  • Services

The services segment can be further segmented into professional services and managed services.

Based on technology, the market can be categorised into:

  • Ultra-Reliable Low-Latency Communications (URLLC)
  • Low-Power Wide-Area Network (LPWAN)

On the basis of end-user, the market can be fragmented into:

  • Manufacturing
  • Smart Cities
  • Energy and Utilities
  • Transportation and Logistics
  • Enterprises/Corporates
  • Smart Homes
  • Healthcare
  • Oil and Gas
  • Mining
  • Others

The EMR report looks into the regional markets of 5G IoT like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

The Rising Emergence of Smart Cities and Smart Home Infrastructure to Boost the Market Growth of 5G IoT

Looking forward, the market for 5G IoT is expected to be significantly driven by the rise in the adoption of smart home infrastructure and smart cities. Rapid urbanisation and government investments into the development of a digital ecosystem is expected to drive the market growth of 5G IoT in the coming years. IoT connected devices driven by the unprecedented 5G wireless technology have the ability to remotely monitor real-time metrics such as air quality, traffic congestion, number of residents, and manage utilities, along with many more advantages, thus holding a strong future for the industry. Furthermore, in the wake of the global climate crisis, the rising adoption of smart cities in emerging economies is further expected to have a positive influence on the growth of the 5G IoT industry.

The segment is further anticipated to be supported by the gradual adoption of smart homes with IoT -connected devices like air conditioners, smart speakers, HVAC systems, and security systems, among others. The growth in the technology coupled with inflating disposable incomes and increased purchasing power is thus invigorating the demand for advanced wireless technology to streamline remote operations. Hence, the revolution in smart home infrastructure is predicted to have a promising influence over the market growth of 5G IoT over the forecast period.

 

Key Industry Players in the Global 5G IoT Market

The report presents a detailed analysis of the following key players in the global 5G IoT market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

  • Nokia Corporation
  • AT&T Inc.
  • Cisco Systems, Inc.
  • Telefonaktiebolaget LM Ericsson
  • Verizon Communications Inc.
  • Vodafone Limited
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Technology, End-User, Region
Breakup by Component Hardware, Platform, Connectivity, Services
Breakup by Technology Ultra-Reliable Low-Latency Communications (URLLC), Low-Power Wide-Area Network (LPWAN)
Breakup by End-User Manufacturing, Smart Cities, Energy and Utilities, Transportation and Logistics, Enterprises/Corporates, Smart Homes, Healthcare, Oil and Gas, Mining, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Nokia Corporation, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Vodafone Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global 5G IoT Market Analysis

    8.1    Key Industry Highlights
    8.2    Global 5G IoT Historical Market (2017-2021) 
    8.3    Global 5G IoT Market Forecast (2022-2027)
    8.4    Global 5G IoT Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Platform
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Connectivity
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Services
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
                8.4.4.3.1    Professional Services
                8.4.4.3.2    Managed Services
    8.5    Global 5G IoT Market by Technology
        8.5.1    Ultra-Reliable Low-Latency Communications (URLLC)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Low-Power Wide-Area Network (LPWAN)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global 5G IoT Market by End-User
        8.6.1    Manufacturing
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Smart Cities
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Energy and Utilities
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Transportation and Logistics
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Enterprises/Corporates
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Smart Homes
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Healthcare
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2017-2021)
            8.6.7.3    Forecast Trend (2022-2027)
        8.6.8    Oil and Gas
            8.6.8.1    Market Share
            8.6.8.2    Historical Trend (2017-2021)
            8.6.8.3    Forecast Trend (2022-2027)
        8.6.9    Mining
            8.6.9.1    Market Share
            8.6.9.2    Historical Trend (2017-2021)
            8.6.9.3    Forecast Trend (2022-2027)
        8.6.10    Others
    8.7    Global 5G IoT Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Nokia Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    AT&T Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Cisco Systems, Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Telefonaktiebolaget LM Ericsson
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Verizon Communications Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Vodafone Limited
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global 5G IoT Market: Key Industry Highlights, 2016 and 2026
2.    Global 5G IoT Historical Market: Breakup by Component (USD Billion), 2017-2021
3.    Global 5G IoT Market Forecast: Breakup by Component (USD Billion), 2022-2027
4.    Global 5G IoT Historical Market: Breakup by Technology (USD Billion), 2017-2021
5.    Global 5G IoT Market Forecast: Breakup by Technology (USD Billion), 2022-2027
6.    Global 5G IoT Historical Market: Breakup by End-User (USD Billion), 2017-2021
7.    Global 5G IoT Market Forecast: Breakup by End-User (USD Billion), 2022-2027
8.    Global 5G IoT Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global 5G IoT Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America 5G IoT Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America 5G IoT Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe 5G IoT Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe 5G IoT Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific 5G IoT Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific 5G IoT Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America 5G IoT Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America 5G IoT Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa 5G IoT Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa 5G IoT Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global 5G IoT Market Structure

Key Questions Answered in the Report

The global 5G IoT market attained a value of nearly USD 1.53 billion in 2020.

The market is projected to grow at a CAGR of 74.19% in the forecast period of 2022-2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach about USD 42.34 billion by 2026.

The market is being driven by the rising adoption of IoT connected devices in various end-use sectors and the ability of 5G technology to provide high speed, improved communication with low latency.

The rising adoption of smart home infrastructure with IoT connected devices like HVC systems, surveillance systems, and air conditioners, among others are expected to stimulate the growth of the market.

The major regional markets for 5G IoT are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The major components of 5G IoT are hardware, platform, connectivity, and services.

The significant technologies of 5G IoT are ultra-reliable low-latency communications (URLLC) and low-power wide-area network (LPWAN).

The major end-users of 5G IoT are manufacturing, smart cities, energy and utilities, transportation and logistics, enterprises/corporates, smart homes, healthcare, oil and gas, and mining, among others.

The major players in the industry are Nokia Corporation, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and Vodafone Limited, among others.

Analyst Review

The global 5G IoT market attained a value of about USD 1.53 billion in 2020, driven by the rising adoption of IoT connected devices. Aided by the emergence of smart city infrastructure, the market is expected to grow at a CAGR of 74.19% in the forecast period of 2022-2027 to reach nearly USD 42.34 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. Based on component, the market can be divided into hardware, platform, connectivity, and services. On the basis of technology, the market can be segmented into ultra-reliable low-latency communications (URLLC) and low-power wide-area network (LPWAN). The market, based on end-user, can be categorised into manufacturing, smart cities, energy and utilities, transportation and logistics, enterprises/corporates, smart homes, healthcare, oil and gas, and mining, among others.  The major regional markets for 5G IoT are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Nokia Corporation, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., and Vodafone Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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