Press release
Global 5G IoT Market: Exponential Growth, Accelerating at a CAGR of 65.2% in 2024-2025, Driven by Increased IoT Adoption and Emerging Trends
5G IoT Market Size
What Is The Projected Market Size Of The Global 5G IoT Market And Its Growth Rate?
• In 2024, the 5G IoT market size was valued at $12.13 billion and is expected to reach $20.03 billion in 2025, growing at a CAGR of 65.2%.
• The growth in the historic period was attributed to mobile network evolution, the rise of smart devices, surge in data generation, governmental support and initiatives, and the global economic conditions.
• The exponential growth will continue with the projected market size of $161.75 billion in 2029 at a CAGR of 68.6%.
• The key drivers for the forecast period include increased IoT adoption, smart manufacturing, global connectivity demand, digital transformation initiatives, 5G network infrastructure investments and integrating AI, customized virtual networks, and 5G-enabled smart cities.
What Is Driving The Growth In The 5G IoT Market?
The rapid expansion of the 5G IoT market is propelled by the surge in mobile network data traffic. 5G IoT supports large volumes of mobile network data traffic and users, extending to IoT devices. As a tool for fast, reliable, low-latency, and secure connections, it contributes significantly to the 5G IoT market growth. For instance, Ericsson reported a 40% increase in global data traffic on mobile networks from Q1 2021 to Q1 2022, a clear indication of the emerging demand that is driving growth in the 5G IoT market.
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Who Are the Key Players Driving 5G IoT Market Growth?
• Samsung Electronics Co. Ltd.
• China Mobile Ltd.
• Verizon Communications Inc.
• Deutsche Telekom AG
• AT&T Inc.
• Huawei Technologies Co. Ltd.
• T-Mobile International AG
• China Telecom Corporation Limited
• LG Electronics Inc.
• Intel Technology Corporation
• Cisco Systems Inc.
• NTT Docomo Inc.
• China Unicom Limited
• Vodafone Group plc
• Orange S.A.
• Telefonica S.A
• Qualcomm Technologies Inc.
• Fujitsu Ltd.
• BT Group plc
• Ericsson AB
• Nokia Corporation
• NEC Corporation
• Telstra Corporation Limited
• Thales Group
• KT Corporation
• TIM S.p.A.
• ZTE Corporation
• SK Telecom Co. Ltd.
• Swisscom AG
• Singtel Optus Pty Limited
What Are The Key Trends In The 5G IoT Market?
• Integrating artificial intelligence
• Customized virtual networks
• 5G-enabled smart cities
• Integrating blockchain technology
• Ecosystem collaboration
What Are The Segments Of The Global 5G IoT Market?
• 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
Which Region Leads The 5G IoT Market?
North America was the largest region in the 5G IoT market in 2024. The other major regions covered include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The 5G IoT Market Global Market Report?
- Market Size Analysis: Analyze the 5G IoT Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 5G IoT Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall 5G IoT Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the 5G IoT Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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