5G Industrial IoT Market Global Outlook on Key Growth Factors and Industry Analysis by 2028

"5G Industrial IoT Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software, Services); Enterprise Size (SMEs, Large Enterprises); Application (Predictive Maintenance, Business Process Optimization, Asset Tracking and Management, Logistics and Supply Chain Management, Real-Time Workforce Tracking and Management, Automation Control and Management, Emergency and Incident Management and Business Communication); End-user (Process Industries, Discrete Industries) and Geography"

5G is the latest trend adopted rapidly in order to improve connectivity. The combination of IoT and 5G technology will help to overcome all the obstacles in various industries. The increasing number of IoT devices across manufacturing industries, rising increasing demand for high reliability, and low latency networks in manufacturing industries are the major driving factors of the global 5G industrial IoT market during the forecast period.

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Companies Profiled in this report includes: Advantech Co., Ltd.,  AT&T Inc.,  Cisco Systems Inc.,  Huawei Technologies Co., Ltd.,  IBM Corporation,  Nokia Corporation,  Qualcomm Technologies, Inc.,  Siemens AG,  Telefonaktiebolaget LM Ericsson,  Telefnica, S.A.

MARKET DYNAMICS

The growing growth in the number of M2M connections across manufacturing industries and the increasing need for preventive maintenance for critical equipment are propelling the demand for the 5G industrial IoT market over the forecast period. Moreover, real-time communication between machines in manufacturing with ultra-low latency is very important which also boosts the demand for the global 5G industrial IoT market. Furthermore, the rising demand for the high internet connectivity infrastructural in the various industrial sector will create a lucrative opportunity for the global 5G industrial IoT market in the coming years.

MARKET SEGMENTATION

The global 5G industrial IoT market is segmented on the basis of component, enterprise size, application, end-user. On the basis of component the market is segmented as hardware, software, services. On the basis of enterprise size the market is segmented as SMEs, large enterprises. On the basis of application the market is segmented as predictive maintenance, business process optimization, asset tracking and management, logistics and supply chain management, real-time workforce tracking and management, automation control and management, emergency and incident management and business communication. On the basis of end-user the market is segmented as process industries, discrete industries.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global 5G industrial IoT market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The 5G industrial IoT market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting 5G industrial IoT market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the 5G industrial IoT market in these regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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