5G IoT Market Size to Reach USD 9.12 Billion, With a CAGR of 8.10% by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights:

According to MRFR analysis, the global 5G IoT market is expected to register a CAGR of  8.10% from 2022 to 2030 and hold a value of over USD 9.12 Billion by 2030.

The global 5G IoT (Internet of Things) market refers to the combination of fifth-generation (5G) wireless technology and the Internet of Things, which involves connecting and controlling various devices and objects through the internet. The integration of 5G with IoT enables faster data transfer, low latency, and enhanced connectivity, offering significant advantages for various industries and applications. The COVID-19 pandemic has had both positive and negative impacts on the global 5G IoT market. On the positive side, the pandemic has accelerated the adoption and implementation of digital technologies and remote connectivity solutions. Industries such as healthcare, manufacturing, logistics, and smart cities have witnessed increased demand for 5G IoT solutions to enable remote monitoring, automation, and efficient resource management.

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Key Players:

Some of the market key players are,

• Telefonaktiebolaget LM Ericsson (Sweden)
• Nokia (Finland)
• Huawei Technologies Co. Ltd. (China)
• AT&T (US)
• Verizon (US)
• T-Mobile (USA)
• INC (US)
• Telefónica S.A (Spain)
• BT (UK)
• Vodafone Limited (UK)
• Telstra Group (Australia)
• Etisalat (UAE)
• Qualcomm Technologies Inc. (US)
• Sierra Wireless (Canada)
• Bell Canada (Canada)
• Singtel (Singapore)
• Rogers Communications Inc. (Canada)

Scope of the Report – 5G IoT Market:

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Market Segmentation

The Global 5G IoT market has been segmented into Service, Technology, Type and Vertical.

Based on Service: Enhanced Mobile Broadband [EMBB], Ultra-Reliable Low Latency Communications [URLLC], Massive Machine Type Communications [MMTC]

Based on Technology: 5G New Radio [NR] Standalone Architecture and 5G New Radio [NR] Non-Standalone Architecture

Based on Type: Short-Range IoT Devices, Wide-Range IoT Devices

Based on Vertical: Consumer Electronics, Automotive, Railway, Mining, Utilities, Healthcare, Agriculture and Manufacturing

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) 5G IoT Market –
https://www.marketresearchfuture.com/reports/5g-iot-market-10367

Regional Analysis

This region has been one of the early adopters of 5G IoT technology. The presence of major technology companies and the increasing demand for smart applications drive the growth of the market in this region. Industries such as healthcare, transportation, and manufacturing are the key contributors. European countries are actively investing in 5G infrastructure development and IoT implementation. The region has a strong focus on industrial automation, smart cities, and connected vehicles, which propel the market growth.

This region is witnessing rapid growth in the 5G IoT market, primarily driven by countries like China, Japan, and South Korea. The large population base, government initiatives, and increasing industrial digitization are the key factors contributing to market expansion. Smart manufacturing, agriculture, and retail sectors are prominent adopters. The 5G IoT market in Latin America is gradually evolving, with countries like Brazil and Mexico leading the adoption. This region is witnessing significant investments in 5G infrastructure development and IoT applications. The market growth is driven by increasing smartphone penetration, digital transformation initiatives, and the need for advanced connectivity solutions in sectors like oil and gas, transportation, and utilities.

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About Market Research Future:

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