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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 (2018-2028); 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 2023-2028 to reach nearly USD 42.34 billion by 2026.
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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.
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: Market 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.
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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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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, 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. |
*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 (2018-2022)
8.3 Global 5G IoT Market Forecast (2023-2028)
8.4 Global 5G IoT Market by Component
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Platform
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Connectivity
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Services
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Low-Power Wide-Area Network (LPWAN)
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Smart Cities
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Energy and Utilities
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Transportation and Logistics
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Enterprises/Corporates
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Smart Homes
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Healthcare
8.6.7.1 Market Share
8.6.7.2 Historical Trend (2018-2022)
8.6.7.3 Forecast Trend (2023-2028)
8.6.8 Oil and Gas
8.6.8.1 Market Share
8.6.8.2 Historical Trend (2018-2022)
8.6.8.3 Forecast Trend (2023-2028)
8.6.9 Mining
8.6.9.1 Market Share
8.6.9.2 Historical Trend (2018-2022)
8.6.9.3 Forecast Trend (2023-2028)
8.6.10 Others
8.7 Global 5G IoT Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America 5G IoT Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe 5G IoT Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific 5G IoT Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America 5G IoT Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa 5G IoT Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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 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 2028
2. Global 5G IoT Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global 5G IoT Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global 5G IoT Historical Market: Breakup by Technology (USD Billion), 2018-2022
5. Global 5G IoT Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6. Global 5G IoT Historical Market: Breakup by End-User (USD Billion), 2018-2022
7. Global 5G IoT Market Forecast: Breakup by End-User (USD Billion), 2023-2028
8. Global 5G IoT Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global 5G IoT Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America 5G IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe 5G IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific 5G IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America 5G IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa 5G IoT Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa 5G IoT Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2023-2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 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 2023-2028 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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