5G IoT Market to Grow at 55.4% CAGR to 2025 | Ericsson , Nokia , Huawei , AT&T, Verizon , Sprint , Telefónica , BT Group, Vodafone , Telstra and Others.

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Ultra-low latency is one of the major factors driving the 5G services market. Latency in computer network refers to the time a data packet takes to travel. Lower latency leads to a higher data transmission rate. The ultra-low latency of 5G is almost 50 times lower than the current 4G network.

“Among Range, the short-range IoT devices segment is expected to account for the highest market share during the forecast period”
The Short Range IoT devices segment is estimated to show the highest market share in 2020 and expected to witness strong growth characteristics in the coming years. With emerging new application areas, short-range IoT devices need another type of connectivity solution that can fulfill the growing need for data speed. For instance, in-building connectivity devices in manufacturing, healthcare, energy and utilities, and retail sectors demand low latency and high power, which are fulfilled by the 5G network.

“Among Radio technology, the 5G New Radio (NR) standalone architecture segment is expected to have the highest growth during the forecast period.”
The Overall adoption of 5G NR standalone architecture is expected to increase during the forecast period, owing to a wide range of functionalities and core features that the architecture provides. The 5G NR standalone solutions have various new built-in capabilities such as network slicing, ultra-low latency, Control and User Plane Separation (CUPS), multi-Gbps support, and virtualization.

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“Among regions, Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period”
The Large Population in APAC has created an extensive pool of mobile subscribers for telecom companies. The region is the largest contributor to the total number of mobile subscribers across the globe and would add more subscribers to its network in the coming years. It is a diversified region that houses a wide range of countries moving toward digital transformation. It is set to dominate the 5G market, due to its size, diversity, and the logical lead taken by countries, including South Korea, China, and Japan.

Breakdown of primary participants’ profile:
• By Company: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%
• By Designation: C-Level – 65% and Director Level – 35%
• By Region: North America – 30%, Europe – 35%, APAC – 25%, and RoW–10%

Report Highlights:
• To profile the key players and comprehensively analyze their recent developments and positioning in the 5G IoT market

• To define, describe, and forecast the global 5G IoT market by platform type (connectivity management platform, integration platform, device management platform, security platform, and data management platform); service, delivery model, and regions

• To provide detailed information about the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market

• To analyze the market’s subsegments with respect to the individual growth trends, prospects, and contributions to the total market

• To analyze the opportunities in the market for stakeholders and provide the competitive landscape of the market

• To forecast the revenue of the market’s segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)

• To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities, in the market

Most Popular Companies Profiled in this report includes, Ericsson (Sweden), Nokia (Finland), Huawei (China), AT&T (US), Verizon (US), Sprint (US), Telefónica (Spain), BT Group (UK), Vodafone (UK), Telstra (Australia), Etisalat (UAE), Telus (Canada), Bell Canada (Canada), Singtel (Singapore), Rogers (Canada).

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Competitive Landscape of 5G IoT Market:
Overview
Competitive Scenario
Partnerships and Collaboration
New Service Launches
Acquisitions
Business Expansion and Network Expansion

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