openPR Logo
Press release

5G Industrial IoT Market : A Well-Defined Technological Growth Map With An Impact-Analysis

06-17-2022 10:22 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

5G Industrial IoT Market : A Well-Defined Technological Growth

5G industrial IoT refers to the use of next-generation wireless connectivity enabled with IoT to enhance manufacturing and industrial processes, that provides increased connection density, reduced latency, and improved flexibility when compared to its predecessors. The increased spectrum available to 5G increases the overall bandwidth that allows Internet of Things to network large number of devices together. 5G Industrial IoT is projected to play a key role in serving industrial users to achieve the goals of Industrial IoT in the next few years.

Read Report Overview at- https://www.transparencymarketresearch.com/5g-industrial-iot-market.html

Global 5G Industrial IoT Market: Dynamics

Global 5G Industrial IoT Market: Key Drivers

Increasing demand for high speed, high reliability, and low latency networks in manufacturing industries and the growing number of M2M connections across manufacturing industries is estimated to boost the 5G industrial IoT market during the forecast period.

The increasing need for preventive maintenance for critical equipment is projected to boost the 5G industrial IoT market during the forecast period.
Growth in data traffic due to the rising number of IoT devices across manufacturing industries is also a major factor likely to propel the market in the next few years.

Growing demand for private 5G networks across manufacturing industries and increasing development of smart infrastructure such as 5G-enabled factories is expected to create opportunities for the 5G industrial IoT market during the forecast period.

However, the high costs entailed in the deployment of a 5G network in industries is anticipated to hamper the market during the forecast period. Issues related to deployment and handling of 5G networks and delays in spectrum management across geographies are projected to create challenges for the 5G industrial IoT market during the forecast period.

Download PDF Brochure- https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=82379

Impact of COVID-19 on the Global 5G Industrial IoT Market

The global COVID-19 pandemic has severely affected businesses across the globe. Companies have started to recognize that the faster they move to automation and real-time insight that 5G can provide, the more they see a transformative effect on their businesses. Thus, demand for 5G industrial IoT has surged during the pandemic. 5G has played a key role in providing businesses feasibility in the time of the COVID-19 pandemic. Moreover, 5G projects are more likely to be delayed due to budget freeze and other delays in 5G standards in some geographies.

Asia Pacific to Hold Major Share of the Global 5G Industrial IoT Market

In terms of region, the global 5G industrial IoT market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America

Asia Pacific dominated the global 5G industrial IoT market with the largest share mainly because of the rapid adoption of modern technologies by developing economies. Asia Pacific is a diversified region that comprises an extensive range of countries moving toward digital transformation. China, Japan, Australia, and South Korea are the major Asia Pacific countries that have started 5G-related activities. Asian telecom service providers and government firms are set to take on the lead in 5G R&D.

Make an Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=82379

Global 5G Industrial IoT Market: Competition Landscape

Several local, regional, and global players are active in the 5G industrial IoT market with a strong presence. Rapid technological advancements have created significant opportunities in the market. Players in the market are continuously focusing on developing technology advanced solutions for their customers.

Key Players Operating in the Global 5G Industrial IoT Market Include:

ABB
Advantech
AT&T
Bosch
China Mobile
China Unicom
Cisco
Deutsche Telekom
Ericsson
Honeywell
Huawei
IBM
IDEMIA
Intel
KT Corporation
Microsoft
Nokia
NTT Data
Qualcomm
Siemens
Sierra Wireless
T-Mobile
Telit
Thales Group
Verizon
Vodafone

More Trending Reports by Transparency Market Research -

Narrowband IoT (NB-IoT) Market- https://www.transparencymarketresearch.com/narrowband-internet-of-things-market.html

IoT Operating Systems Market- https://www.transparencymarketresearch.com/iot-operating-systems-market.html

IoT Connected Machines Market- https://www.transparencymarketresearch.com/iot-connected-machines-market.html

(IoT) Connectivity Management Platform (CMP) Market- https://www.transparencymarketresearch.com/iot-connectivity-management-platform-market.html

Data Deduplication Market-https://www.transparencymarketresearch.com/data-deduplication-market.html

Data Virtualization Market-https://www.transparencymarketresearch.com/data-virtualization-market.html

Cyber Security Consulting Market-https://www.transparencymarketresearch.com/cyber-security-consulting-market.html

Quantum Computing Market-https://www.transparencymarketresearch.com/quantum-computing-market.html

Contact Us:

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research

Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release 5G Industrial IoT Market : A Well-Defined Technological Growth Map With An Impact-Analysis here

News-ID: 2655480 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for IoT

IOT Adoption Drives IoT insurance Market Growth: Pivotal Factor Influencing IoT …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. IoT Insurance Market Size Growth Forecast: What to Expect by 2025? The market size of Internet of Things (IoT) insurance has seen an explosive growth in the past few years. It is projected to rise from $100.02 billion in 2024 to a staggering $153.89 billion in 2025, experiencing a compound annual growth rate (CAGR)
Narrowband IoT (NB-IoT) Market Advancements in NB-IoT Connectivity Management Pl …
Numerous factor such as due to rapid development in IoT industry and rising demand of new cellular communication technology which are integrated to IoT low power wide area applications drives the growth of the market globally. moreover, increasing demand for navigation, telematics and in-car infotainment services in automotive & transportation industry is fueling the market of NB-IoT globally. However, licensing costs of NB-IoT are hindering the growth of narrowband-
IoT Edge Computing Software Market 2023 | SAS, IBM, EdgeIQ, AWS, Azure IoT Edge, …
Market Overview - The information made available in the IoT Edge Computing Software report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom  -  for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet