Global 5G IoT
Market Report
2024
5G IoT Market size is USD 67.9 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 37.8% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global 5G IoT Market size will be USD 67.9 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 37.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global 5G IoT Market Sales Revenue 2024 | $ 67.9 Billion |
Global 5G IoT Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 37.8% |
Market Split by Component |
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Market Split by Network |
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Market Split by Organization |
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Market Split by Type |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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5G IoT Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The 5G IoT market represents the convergence of fifth-generation (5G) wireless technology and the Internet of Things (IoT), ushering in an era of unprecedented connectivity and innovation. 5G IoT leverages ultra-fast, low-latency networks to enable seamless communication and data exchange between interconnected devices, revolutionizing industries such as healthcare, manufacturing, transportation, and smart cities. This synergy between 5G and IoT promises transformative possibilities, empowering businesses to unlock new efficiencies and deliver enhanced services while improving the quality of life for consumers worldwide.
Technological Advancements Propel Growth of 5G IoT Market—One key driver in the 5G IoT Market is technological advancements. Advancements in 5G and IoT technologies, including improved network infrastructure, enhanced device capabilities, and optimized protocols, catalyze the growth of the market. These developments enable faster data transmission, reduced latency, and improved reliability, paving the way for innovative applications and services across diverse industries. Increasing Demand for Enhanced Connectivity Drives 5G IoT Adoption
Security Concerns and Privacy Risks in 5G IoT Deployments Challenges in Standardization and Interoperability for 5G IoT Solutions
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In June 2021, Verizon declares its acquisition of Senion, a company specializing in precise positioning technology.
(Source:https://www.verizon.com/about/news/verizon-announces-acquisition-precise-positioning-company-senion )
Top Companies Market Share in 5G IoT Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Europe will emerge as the dominant force in the 5G IoT market in 2024, fueled by technological prowess and expansive deployment initiatives. Countries within Europe, such as Germany, the UK, and France, stand out with their ambitious infrastructure projects and rapid adoption rates. The region's strong industrial base and regulatory environment also contribute to solidifying Europe's position at the forefront of 5G IoT advancements.
North America maintains its lead as the fastest-growing region in the 5G IoT market in 2024. Building on its early 5G infrastructure investments, North America continues to push boundaries with widespread adoption and innovative use cases across various industries. Its dynamic tech landscape, coupled with government support and a tech-savvy population, propels North America ahead as a foremost pace-setter in the global 5G IoT arena.
The current report Scope analyzes 5G IoT Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global 5G IoT Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing 5G IoT Industry growth. 5G IoT market has been segmented with the help of its Component, Network Organization, and others. 5G IoT market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Connectivity stands as the largest segment in the 5G IoT Market. Its pivotal role in facilitating seamless connections between IoT devices drives substantial demand, making it a cornerstone of the 5G IoT ecosystem. Services emerge as the fastest-growing segment in the 5G IoT Market. Companies offering specialized solutions and value-added services, such as data analytics and security, experience rapid growth as the adoption of 5G IoT accelerates, fueling demand for advanced functionalities and support services.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of 5G IoT from 2019 to 2031. This will also help to analyze the demand for 5G IoT across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Network of 5G IoT are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global 5G IoT Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global 5G IoT Market and is projected to experience significant growth in the near future.
The 5G Standalone segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Huawei (China) , Nokia (Finland) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Hardware, Platform, Connectivity, Services |
Network | 5G Standalone, 5G Non-standalone |
Organization | Large Enterprises, SMEs |
Type | Short-range IoT Devices, Wide-range IoT Devices |
End-User | Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Agriculture, Government and Public Safety, Other |
List of Competitors | Huawei (China), Ericsson (Sweden), Nokia (Finland), Samsung Electronics (South Korea), Qualcomm (United States), Cisco Systems (United States), Intel Corporation (United States), Verizon Communications (United States), AT&T (United States), Bosch (Germany) |
This chapter will help you gain GLOBAL Market Analysis of 5G IoT. Further deep in this chapter, you will be able to review Global 5G IoT Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
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Chapter 11 Market Split by Network Analysis 2019 -2031
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Chapter 12 Market Split by Organization Analysis 2019 -2031
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Chapter 13 Market Split by Type Analysis 2019 -2031
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Chapter 14 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global 5G IoT market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on 5G IoT market? |
What are the key factors affecting the Hardware and Platform of 5G IoT Market? |
What is the CAGR/Growth Rate of 5G Standalone during the forecast period? |
By type, which segment accounted for largest share of the global 5G IoT Market? |
Which region is expected to dominate the global 5G IoT Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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