[Latest] Global 5G IoT Market Size/Share Worth USD 61.7

Austin, TX, USA, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “5G IoT Market Size, Trends and Insights By Type (Devices, Platforms, Services), By Application (Smart Cities, Industrial IoT, Connected Vehicles, Healthcare), By End-User (Manufacturing, Healthcare, Transportation & Logistics, Agriculture), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global 5G IoT Market size & share was valued at approximately USD 9.8 Billion in 2022 and is expected to reach USD 13.9 Billion in 2023 and is expected to reach a value of around USD 61.7 Billion by 2032, at a compound annual growth rate (CAGR) of about 36.5% during the forecast period 2023 to 2032.”

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5G IoT Market: Growth Factors and Dynamics:

Connectivity Revolution: The 5G IoT market is propelled by the revolutionary impact of high-speed, low-latency connectivity, reshaping industries and enabling a vast array of IoT applications.

Industry 4.0 Adoption: Ongoing advancements in 5G technology drive the adoption of Industry 4.0, fostering the integration of smart devices, sensors, and autonomous systems across various sectors.

Massive IoT Scale: The scalability of 5G networks accommodates the massive deployment of IoT devices, connecting everything from smart cities and healthcare systems to industrial machinery and consumer electronics.

Low Latency Requirements: Industries with stringent latency requirements, such as autonomous vehicles and critical infrastructure, benefit from the ultra-low latency of 5G, influencing the market’s growth.

Enhanced Mobile Broadband (eMBB): The evolution of eMBB services under 5G contributes to improved mobile connectivity, supporting high-performance applications and multimedia experiences across IoT devices.

Edge Computing Integration: The integration of edge computing with 5G networks enhances data processing capabilities, reducing latency and enabling real-time decision-making for IoT applications.

Security and Reliability: The 5G IoT market places a significant emphasis on security and reliability, driving demand for robust cybersecurity solutions and resilient network architectures.

Cross-Industry Collaboration: Collaborations between 5G infrastructure providers and industry-specific stakeholders drive the development of tailored IoT solutions, meeting the diverse needs of different sectors.

Smart Agriculture and Environmental Monitoring: The agriculture sector benefits from 5G-enabled IoT applications, including precision farming, livestock monitoring, and environmental sensing for sustainable practices.

Healthcare IoT Solutions: The healthcare industry is experiencing a surge in IoT adoption, leveraging 5G for remote patient monitoring, telemedicine, and the seamless connectivity of medical devices.

Smart Cities and Infrastructure: 5G IoT fuels the development of smart cities, optimizing urban infrastructure through connected devices for traffic management, public safety, and energy efficiency.

Energy and Utilities Optimization: Industries in energy and utilities leverage 5G IoT for real-time monitoring, predictive maintenance, and efficient management of critical infrastructure.

Retail and Logistics Transformation: The retail and logistics sectors witness transformation through 5G-enabled IoT applications, enhancing supply chain visibility, inventory management, and customer experiences.

Innovation Ecosystem: The 5G IoT market thrives on innovation, with startups, tech giants, and research institutions contributing to the development of cutting-edge applications and use cases.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 13.9 Billion
Projected Market Size in 2032	USD 61.7 Billion
Market Size in 2022	USD 9.8 Billion
CAGR Growth Rate	36.5% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Application, End-User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the 5G IoT report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the 5G IoT report has been modified to include the COVID-19 impact study prior to delivery.)

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5G IoT Market: COVID-19 Analysis:

Acceleration of Digital Transformation: The pandemic accelerates the digital transformation agenda, leading businesses to prioritize 5G IoT solutions for enhanced connectivity and operational efficiency.

Supply Chain Resilience: Disruptions in global supply chains highlight the importance of resilient networks, prompting increased investments in 5G infrastructure to ensure continuity in IoT device manufacturing.

Remote Work and Collaboration: The rise of remote work intensifies the demand for reliable connectivity, driving the integration of 5G IoT solutions to support remote collaboration, virtual conferences, and efficient workflows.

Healthcare Crisis Management: The healthcare sector adopts 5G IoT for crisis management, enabling real-time data collection, monitoring, and communication to enhance pandemic response capabilities.

Smart Manufacturing and Remote Operations: Industries focus on smart manufacturing and remote operations, leveraging 5G IoT for automation, predictive maintenance, and real-time monitoring of production facilities.

Innovation Amid Uncertainty: The uncertainties of the pandemic drive innovation in 5G IoT applications, with a focus on solutions that address evolving challenges and contribute to global resilience.

Post-Pandemic Growth: As the world emerges from the pandemic, the 5G IoT market anticipates robust growth driven by renewed economic activities, increased IoT adoption, and a sustained focus on connectivity advancements.

Cybersecurity Vigilance: The increased reliance on 5G IoT prompts heightened cybersecurity vigilance, with a focus on securing networks, devices, and data to mitigate potential threats and vulnerabilities.

Continued Research and Development: The post-pandemic landscape underscores the importance of continued research and development in 5G technology, ensuring its ongoing evolution to meet the dynamic needs of the IoT ecosystem.

Global Collaboration for Standards: International collaboration for standardization becomes crucial, fostering interoperability and ensuring a cohesive global approach to 5G IoT deployment and regulation.

Resilient and Adaptable Ecosystem: The 5G IoT market is expected to demonstrate resilience and adaptability, with a continued focus on innovation, security, and the seamless integration of IoT solutions into diverse industries.

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Key questions answered in this report:

What is the size of the 5G IoT market and what is its expected growth rate?
What are the primary driving factors that push the 5G IoT market forward?
What are the 5G IoT Industry's top companies?
What are the different categories that the 5G IoT Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the 5G IoT market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the 5G IoT Market:

Qualcomm Technologies Inc.
Huawei Technologies Co. Ltd.
Ericsson
Nokia Corporation
Intel Corporation
Verizon Communications Inc.
AT&T Inc.
Vodafone Group Plc
Cisco Systems Inc.
Deutsche Telekom AG
Samsung Electronics Co. Ltd.
China Mobile Limited
Telefonaktiebolaget LM Ericsson (Ericsson)
Sierra Wireless
Telit Communications PLC
Others

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Regional Analysis of the 5G IoT Market:

North America:

Market Overview: North America is a leading market for 5G IoT, driven by strong technological infrastructure and widespread adoption across industries.

Factors Driving Growth

Rapid deployment of 5G networks.
High demand for IoT solutions in smart cities and industrial applications.
Innovation in connected vehicle technologies.

Europe:

Market Overview: Europe emphasizes 5G IoT for industrial applications, smart cities, and healthcare, supported by regulatory initiatives and infrastructure investments.

Factors Driving Growth:

Government initiatives for smart city development.
Focus on industrial automation and Industry 4.0.
Adoption of 5G IoT in healthcare for improved services.

Asia-Pacific:

Market Overview: The Asia-Pacific region experiences significant growth in 5G IoT, driven by rapid urbanization, industrialization, and advancements in telecommunications.

Factors Driving Growth

Large-scale infrastructure projects in smart cities.
Increasing adoption of 5G in manufacturing and logistics.
Proliferation of connected devices in consumer applications.

Latin America:

Market Overview: Latin America shows growing interest in 5G IoT, driven by developments in the automotive sector and increasing investments in smart city projects.

Factors Driving Growth

Expansion of connected vehicle technologies.
Government initiatives for smart city development.
Increasing awareness and adoption of IoT solutions.

Middle East and Africa:

Market Overview: The Middle East and Africa witness steady growth in 5G IoT, influenced by infrastructure development and initiatives in healthcare and agriculture.

Factors Driving Growth

Investments in smart infrastructure projects.
Adoption of 5G IoT in healthcare for remote services.
Integration of IoT in agriculture for improved efficiency.

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The 5G IoT Market is segmented as follows:

By Type

Devices
Platforms
Services

By Application

Smart Cities
Industrial IoT
Connected Vehicles
Healthcare

By End-User

Manufacturing
Healthcare
Transportation & Logistics
Agriculture

Click Here to Get a Free Sample Report of the Global 5G IoT Market @ https://www.custommarketinsights.com/report/5g-iot-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This 5G IoT Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This 5G IoT Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the 5G IoT Market? What Was the Capacity, Production Value, Cost and PROFIT of the 5G IoT Market?
What Is the Current Market Status of the 5G IoT Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of 5G IoT Market by Considering Applications and Types?
What Are Projections of the Global 5G IoT Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is 5G IoT Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On 5G IoT Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of 5G IoT Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for 5G IoT Industry?

Click Here to Access a Free Sample Report of the Global 5G IoT Market @ https://www.custommarketinsights.com/report/5g-iot-market/

Reasons to Purchase 5G IoT Market Report

5G IoT Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
5G IoT Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
5G IoT Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
5G IoT Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global 5G IoT market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium 5G IoT Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/5g-iot-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide 5G IoT market analysis.

The competitive environment of current and potential participants in the 5G IoT market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide 5G IoT market should find this report useful. The research will be useful to all market participants in the 5G IoT industry.
Managers in the 5G IoT sector are interested in publishing up-to-date and projected data about the worldwide 5G IoT market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in 5G IoT products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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