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The global 5G IoT market size attained a value of approximately USD 9.74 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 78.4%, reaching a value of around USD 1752.45 billion by 2032.
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Increasing applications of 5G IoT technology in the healthcare sector is providing impetus to the 5G IoT market. This can be attributed to the increasing amalgamation of IoT and MedTech devices in order to increase the efficiency of diagnostics, bolster the treatment process, and improve the operational efficiency of healthcare units. Over the forecast period, increasing innovations and sophistication of medical devices by major manufacturers are expected to fuel the market growth for 5G IoT.
Moreover, technological advancements in the manufacturing sector are expected to play a pivotal role in the market for 5G IoT. In line with this, the rapid development of smart factories are likely to aid the market in the coming years.
The market for 5G IoT is being expanded by the rising market penetration of IoT connected devices in numerous end use industries, including retail, construction, transportation, and manufacturing, among others. The ability of IoT devices to communicate with each other independently has been a prime factor contributing to the growth of advanced wireless technology such as 5G, LPWAN, and Internet Protocol version 6 (IPv6), among others, leading to an expansion of 5G industrial IoT market.
The 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. In addition to this, the rising usage of wireless technology, enormous data transfers, and cloud storage, and increasing adoption of smart devices are invigorating the demand for increased capacity, high data rate, and fast connectivity, which is another factor adding to the growth of the market for 5G IoT.
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. The term 5G refers to the 5th generation of wireless technology with reduced latency to allow for real-time communication and improved data transfer.
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The 5G IoT market segments, on the basis of component, are:
Based on technology, the market is bifurcated into:
On the basis of end-user, the market is categorised into:
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.
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The market for 5G IoT is expected to be strengthened by the rise in the adoption of smart home infrastructure and smart cities. Rapid urbanisation and investments of various governments into the development of a digital ecosystem is expected to generate healthy 5G IoT market revenue in the coming years. IoT connected devices supported by 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 market. Furthermore, in the wake of the global climate crisis, the rapid development of smart cities in emerging economies is further expected to have a positive influence on the growth of the 5G IoT market.
The market for 5G IoT is further anticipated to be supported by the increasing adoption of smart homes with IoT-connected devices like air conditioners, smart speakers, HVAC systems, and security systems, among others. Advancements in technology, coupled with inflating disposable incomes and increased purchasing power are 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.
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:
The comprehensive report looks at the micro and macro aspects of the market. 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 |
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Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Component |
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Breakup by Technology |
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Breakup by End-User |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global 5G IoT Market Analysis
8.1 Key Industry Highlights
8.2 Global 5G IoT Historical Market (2018-2023)
8.3 Global 5G IoT Market Forecast (2024-2032)
8.4 Global 5G IoT Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Platform
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Connectivity
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Services
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.4.2.1 Professional Services
8.4.4.2.2 Managed Services
8.5 Global 5G IoT Market by Technology
8.5.1 Ultra-Reliable Low-Latency Communications (URLLC)
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Low-Power Wide-Area Network (LPWAN)
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global 5G IoT Market by End-User
8.6.1 Manufacturing
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Smart Cities
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Energy and Utilities
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Transportation and Logistics
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Enterprises/Corporates
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Smart Homes
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Healthcare
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Oil and Gas
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.6.9 Mining
8.6.9.1 Historical Trend (2018-2023)
8.6.9.2 Forecast Trend (2024-2032)
8.6.10 Others
8.7 Global 5G IoT Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America 5G IoT Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe 5G IoT Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific 5G IoT Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America 5G IoT Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa 5G IoT Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nokia Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 AT&T Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cisco Systems, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Telefonaktiebolaget LM Ericsson
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Verizon Communications Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Vodafone Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Qualcomm Technologies, Inc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Samsung Electronics Co., Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 ZTE Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Microsoft Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 T-Mobile US, Inc.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Sierra Wireless S.A.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Bell Canada
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 u-blox Holding AG
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Quectel Wireless Solutions Co., Ltd.
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Deutsche Telekom IoT GmbH
16.2.16.1 Company Overview
16.2.16.2 Product Portfolio
16.2.16.3 Demographic Reach and Achievements
16.2.16.4 Certifications
16.2.17 SIMCom Wireless Solutions Limited
16.2.17.1 Company Overview
16.2.17.2 Product Portfolio
16.2.17.3 Demographic Reach and Achievements
16.2.17.4 Certifications
16.2.18 Intel Corporation
16.2.18.1 Company Overview
16.2.18.2 Product Portfolio
16.2.18.3 Demographic Reach and Achievements
16.2.18.4 Certifications
16.2.19 Mavenir Systems, Inc.
16.2.19.1 Company Overview
16.2.19.2 Product Portfolio
16.2.19.4 Certifications
16.2.19.3 Demographic Reach and Achievements
16.2.20 Sequans Communications
16.2.20.1 Company Overview
16.2.20.2 Product Portfolio
16.2.20.4 Certifications
16.2.20.3 Demographic Reach and Achievements
16.2.21 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global 5G IoT Market: Key Industry Highlights, 2018 and 2032
2. Global 5G IoT Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global 5G IoT Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global 5G IoT Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global 5G IoT Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global 5G IoT Historical Market: Breakup by End-User (USD Billion), 2018-2023
7. Global 5G IoT Market Forecast: Breakup by End-User (USD Billion), 2024-2032
8. Global 5G IoT Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global 5G IoT Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America 5G IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe 5G IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific 5G IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America 5G IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa 5G IoT Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global 5G IoT Market Structure
The global market for 5G IoT attained a value of approximately USD 9.74 billion in 2023.
The market is projected to grow at a CAGR of 78.4% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 1752.45 billion by 2032.
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 key trends of the market include increasing use of 5G IoT in industrial applications and rising adoption of smart home infrastructure with IoT connected devices like HVC systems, surveillance systems, and air conditioners.
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 market are Nokia Corporation, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Vodafone Limited, Qualcomm Technologies, Inc, Samsung Electronics Co., Ltd., ZTE Corporation, Microsoft Corporation, T-Mobile US, Inc., Sierra Wireless S.A., Bell Canada, u-blox Holding AG, Quectel Wireless Solutions Co., Ltd., Deutsche Telekom IoT GmbH, SIMCom Wireless Solutions Limited, Intel Corporation, Mavenir Systems, Inc., and Sequans Communications, among others.
The global 5G IoT market attained a value of approximately USD 9.74 billion in 2023, 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 78.4% in the forecast period of 2024-2032 to reach a value of around USD 1752.45 billion by 2032.
EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the market. Based on component, the market is divided into hardware, platform, connectivity, and services. On the basis of technology, the market is segmented into ultra-reliable low-latency communications (URLLC) and low-power wide-area network (LPWAN). The market, based on end-user, is 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 market are Nokia Corporation, AT&T Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Verizon Communications Inc., Vodafone Limited, Qualcomm Technologies, Inc, Samsung Electronics Co., Ltd., ZTE Corporation, Microsoft Corporation, T-Mobile US, Inc., Sierra Wireless S.A., Bell Canada, u-blox Holding AG, Quectel Wireless Solutions Co., Ltd., Deutsche Telekom IoT GmbH, SIMCom Wireless Solutions Limited, Intel Corporation, Mavenir Systems, Inc., and Sequans Communications, 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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