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Global 5G IoT Market by 2032, Share, Growth, Demand, Global Trends and Competitive Outlook | Thales Group, AT&T Inc., Verizon, T-Mobile, Vodafone Group Plc
5G IoT Market
As per the 5G IoT market report by The Business Research Company, A surge in mobile network data traffic is expected to propel the growth of the 5G IoT market going forward. 5G IoT helps to support large volumes of mobile network data traffic and large numbers of users, including IoT devices. Large volumes of mobile network data traffic aid in the expansion of the 5G IoT by providing fast, dependable, low-latency, and secure connections. For instance, according to a report by Ericsson, a Sweden-based telecommunications company, between Q1 2021 and Q1 2022, the global data traffic on mobile networks increased by 40%.
The global 5G IoT market size is expected to grow from $4.45 billion in 2022 to $7.36 billion in 2023 at a compound annual growth rate (CAGR) of 65.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The 5G IoT market size is expected to grow to $57.1 billion in 2027 at a CAGR of 66.9%.
Read More On The 5G IoT Market Report Here:
https://www.thebusinessresearchcompany.com/report/5g-iot-global-market-report
Major competitors in the 5G IoT market include Thales Group, AT&T Inc., Verizon, T-Mobile, Vodafone Group Plc, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co. Ltd., ZTE Corporation, The Samsung Group, Cisco Systems Inc., Qualcomm Technologies Inc., Intel Technology, Telefonica S.A., SK Telecom Co. Ltd., and Deutsche Telekom.
The 5G IoT Market is segmented -
• By Component: Solution, Hardware, Software and Platform, Services
• By Network Type: 5G Standalone (SA), 5G Non-Standalone (NSA)
• By Enterprise Size: Large Enterprises, Small and Medium Enterprises
• By End User: Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture, Other End Users. North America was the largest region in the 5G IoT market in 2022.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=7853&type=smp
5G IoT refers to a service that communicates across all bands with both the local area network and the wide area network (WAN) with the proper speed, latency, and cost trade-offs. The 5G IoT is used for faster, more stable, and more secure connectivity, advancing everything from self-driving cars to smart grids for renewable energy to AI-enabled robots on factory floors.
The Table Of Content For The 5G IoT Market Include:
1. Executive Summary
2. 5G IoT Market Characteristics
3. 5G IoT Market Trends And Strategies
4. 5G IoT Market - Macro Economic Scenario
5. 5G IoT Market Size And Growth
……
25. Middle East 5G IoT Market
26. Africa 5G IoT Market
27. 5G IoT Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 5G IoT Market
29. 5G IoT Market Future Outlook and Potential Analysis
30. Appendix
The "Global 5G IoT Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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