5G in IoT Market worth $41.50 billion by 2030, growing at a CAGR of 29.62% - Exclusive Report by 360iResearch

The "5G in IoT Market by Range (Short-Range IoT Device, Wide-Range IoT Device), Technology (5G New Radio Non-Standalone Architecture, 5G New Radio Standalone Architecture), Component, Industry - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global 5G in IoT Market to grow from USD 5.20 billion in 2022 to USD 41.50 billion by 2030, at a CAGR of 29.62%.

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The 5G in IoT includes using 5G technology in the Internet of Things (IoT), which is leading to the generation of high-speed, reliable, and efficient wireless communication systems. These systems are capable of handling a vast number of high-rate data transfers and are essential for the functioning of modern IoT applications. Increasing demand for high-speed data transmission and low latency for real-time analytics is driving the growth of the 5G in IoT market. Escalation in the number of IoT devices and government investment in smart city projects is expanding the usage of 5G in IoT solutions. The growing implementation of 5G in IoT in supply chain optimization and energy management through smart grids is creating a platform for market growth. The high cost of implementation and security and privacy concerns with 5G in IoT solutions are hampering the growth of the market. The growing introduction of technological advancements in 5G in IoT solutions by market vendors is expected to create opportunities for market growth.

Technology: Rising potential of 5G NR non-standalone architecture for anchoring the control plane

The 5G NR non-standalone architecture is an evolutionary step in the roadmap toward full 5G deployment. This architecture relies on the existing 4G LTE infrastructure combined with new 5G radios. It utilizes the core network of 4G for anchoring the control plane and uses the 5G NR interface for user data. This allows for a quick and cost-effective way to deploy 5G capabilities without a complete overhaul of the existing network infrastructure. The 5G NR Standalone architecture is the future-oriented framework of 5G. It is characterized by an end-to-end 5G network that includes a new 5G core. Unlike the NSA, the SA architecture does not rely on 4G LTE infrastructure. The 5G NR SA enables the full suite of 5G features, including ultra-reliable low latency communications (URLLC) and massive machine type communications (mMTC), which are crucial for certain IoT applications.

Industry: Growing potential of 5G in IoT across energy & utility industry to monitor critical infrastructure

The aerospace & defense industry stands to gain significantly from the enhanced connectivity provided by 5G. The need is focused on secure communication, real-time data transfer, and interoperability across devices and systems. Manufacturers and service providers in this segment have been rigorously working to integrate 5G for functions such as predictive maintenance, training using virtual and augmented reality, and more efficient logistics and supply chain management. The energy & utility industry requires robust and reliable connectivity to monitor critical infrastructure. 5G technologies can facilitate the deployment of smart grids, real-time energy management, and predictive maintenance of equipment. The opportunity for IoT devices to provide improved data analytics and control is vast in this industry. The government & public sector seek to implement 5G to improve public services and infrastructure. This includes enhancements in traffic management, public safety networks, and smart city initiatives that utilize a multitude of IoT devices for improved efficiency and service delivery. Healthcare & life sciences are undergoing a transformation through IoT; 5G technology provides the necessary speed and bandwidth. Telemedicine, remote monitoring of patient health, and real-time data access are areas that stand to benefit immensely from 5G networks. The manufacturing sector is poised to benefit substantially from 5G in IoT with its need for connected factory solutions. 5G connectivity is integral for automated manufacturing processes, robotics, and supply chain optimization, ensuring agility and efficiency in operations. The transportation & logistics industry can utilize 5G to revolutionize how goods and services are delivered. It enhances tracking, autonomous vehicle technology, and fleet management through reliable, high-speed communication.

Component: Growing significance of hardware in 5G IoT for the actual operation of IoT devices

The connectivity component in 5G IoT denotes the technological backbone enabling communication between IoT devices and networks. 5G connectivity offers high-speed data transfer, lower latency, and increased connection density. These attributes are particularly necessary in applications requiring real-time data exchange, such as autonomous vehicles, telemedicine, and industrial automation. Hardware in 5G IoT encompasses the physical components such as sensors, modules, gateways, and routers. These are crucial for the actual operation of IoT devices, collecting data, and interfacing with the network. Advanced semiconductor technology enables these hardware components to support the high speeds and connectivity demands of 5G networks. The platform component is the framework upon which IoT solutions are built and managed. It includes the software and support services that enable device management, data analytics, and application development for IoT. A 5G IoT platform often integrates with Artificial Intelligence and Machine Learning for advanced data processing and decision-making capabilities. Services related to 5G IoT include professional services such as consultation, implementation, support, and maintenance required for the deployment and operational efficiency of IoT systems. These services ensure that IoT applications perform optimally over the 5G network and that businesses can fully leverage the potential of their IoT investments to realize measurable outcomes.

Range: Growing usage of 5G in wide-range IoT devices that require connectivity over long distances

Short-range IoT devices communicate over shorter distances, often within a local network such as a home or building. These devices are designed for applications that require low power consumption and close proximity interactions. Clients often prefer short-range IoT devices when the implementation cost is a constraint and where devices need to interact reliably within a constrained environment. Wide-range IoT devices require connectivity over long distances and are essential in scenarios where devices are spread over a wide geographical area, such as logistics tracking, smart cities, and agricultural monitoring. These devices need to maintain connectivity in diverse environments and benefit from the enhanced coverage and speed of 5G networks. Clients with use cases that necessitate broad coverage and high mobility typically opt for wide-range IoT devices.

Regional Insights:

The Americas, particularly the United States and Canada, have been rapidly adopting 5G technology in numerous IoT applications. The Americas market shows a significant consumer need for enhanced connectivity and speed in applications including smart homes, healthcare, and autonomous vehicles. Emerging countries in South America present a vast potential for the 5G IoT market due to their growing populations and rapid urbanization. These regions offer a unique opportunity for manufacturers and providers to introduce 5G IoT solutions in various sectors including agriculture, education, and healthcare. In the Asia Pacific region, countries such as China, Japan, and India are at the forefront of 5G in IoT deployment. Asia-Pacific's 5G market has shown aggressive expansion with central government support, leading to a proliferation of 5G-based industrial IoT and smart city projects.Japan, known for its early adoption of technology, has been investing heavily in 5G infrastructure tied closely with preparations for events including the Olympics and broader consumer IoT services. The EMEA region exhibits diverse market dynamics characterized by regulatory initiatives, including, the 5G Action Plan, aimed at ensuring rapid deployment of 5G across member countries and addressing customer needs for advanced IoT applications. EU's Horizon Europe program further underlines the commitment to invest in 5G research. The Middle East, with countries including the UAE and Saudi Arabia, exhibits high consumer demand for IoT applications powered by 5G, investing significantly in smart city and healthcare innovations. Conversely, the African market is at a nascent stage with slower 5G rollout, but shows potential, especially in sectors such as agriculture and transportation, driven by the gradual implementation of smart technologies.

Market Segmentation & Coverage:

This research report categorizes the 5G in IoT Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Range, market is studied across Short-Range IoT Device and Wide-Range IoT Device. The Short-Range IoT Device commanded largest market share of 82.04% in 2022, followed by Wide-Range IoT Device.

Based on Technology, market is studied across 5G New Radio Non-Standalone Architecture and 5G New Radio Standalone Architecture. The 5G New Radio Non-Standalone Architecture commanded largest market share of 59.66% in 2022, followed by 5G New Radio Standalone Architecture.

Based on Component, market is studied across Connectivity, Hardware, Platform, and Services. The Services is further studied across Managed Services and Professional Services. The Connectivity commanded largest market share of 32.61% in 2022, followed by Services.

Based on Industry, market is studied across Aerospace & Defence, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, and Transportation & Logistics. The Transportation & Logistics commanded largest market share of 18.74% in 2022, followed by Government & Public Sector.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 43.77% in 2022, followed by Americas.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the 5G in IoT Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the 5G in IoT Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the 5G in IoT Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., BCE Inc., BT Group PLC, Capgemini SE, China Mobile Limited, Cisco Systems, Inc., e& etisalat and, F5, Inc., Huawei Investment & Holding Co., Ltd., Juniper Networks, Inc., KDDI Corporation, NEC Corporation, Nokia Corporation, QUALCOMM Incorporated, Reliance Jio Infocomm Ltd., Rogers Communications Inc., Sequans Communications, Sierra Wireless, Inc. by Semtech Corporation, SIMCom Wireless Solutions Limited, Sunrise Communications AG, T-Mobile US, Inc., Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telstra Corporation Limited, u-blox AG, Verizon Communications Inc., and Vodafone Idea Limited.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. 5G in IoT Market, by Range
7. 5G in IoT Market, by Technology
8. 5G in IoT Market, by Component
9. 5G in IoT Market, by Industry
10. Americas 5G in IoT Market
11. Asia-Pacific 5G in IoT Market
12. Europe, Middle East & Africa 5G in IoT Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the 5G in IoT Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the 5G in IoT Market?
3. What is the competitive strategic window for opportunities in the 5G in IoT Market?
4. What are the technology trends and regulatory frameworks in the 5G in IoT Market?
5. What is the market share of the leading vendors in the 5G in IoT Market?
6. What modes and strategic moves are considered suitable for entering the 5G in IoT Market?

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