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5G IoT Market Research Report 2023 | Global Size, Share, Industry Trends, Business Growth Analysis by 2032
5G IoT Market
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%.
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Major players in the 5G IoT market are 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.
Technological advancements are a key trend gaining popularity in the 5G IoT market. Major companies operating in the market are developing advanced technologies and software to sustain their position in the market. For instance, in February 2022, Radisys Corporation, a US-based company that provides open telecom solutions, launched the Connect RAN 5G IoT software stack, which provides an exhaustive list of 5G RAN technology. Connect radio access network (RAN) software for 5G IoT includes unique features such as technologies for a wide range of IoT use cases, metering and asset tracking, ultra-low latency, time-sensitive industrial deployments, video surveillance, and wearable deployments. With less initial CAPEX investment, Radisys' Connect RAN 5G IoT software provides a quick time-to-market for new use cases.
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The 5G IoT market is segmented -
1) By Component: Solution, Hardware, Software and Platform, Services
2) By Network Type: 5G Standalone (SA), 5G Non-Standalone (NSA)
3) By Enterprise Size: Large Enterprises, Small and Medium Enterprises
4) By End User: Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the 5G IoT market.
The Business Research Company's "Global 5G IoT Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
.....
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
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