5G IoT Market Will Surpass US$ 415.48 Billion at 35.5% CAGR Growth From 2025 to 2034

Market Outlook:
The global 5G IoT market was valued at USD 20.00 billion in 2024 and is expected to grow to USD 415.48 billion by 2034. The market is expected to expand at a CAGR of 35.5% from 2025 to 2034.

Overview:
The commercial triumph of any IoT is finally connected to its presentation, which relies on how swiftly it can interact with other IoT devices, smartphones, tablets, and software in the configuration of its app or website. With 5G, data transmission momentum will escalate notably. In regards to smart home gadgets, for instance, this acceleration in speed assists in decreasing lag and enhancing the holistic momentum in which interlinked devices disburse and obtain data and information. Other than smart home devices, almost all IoT gadgets will profit from accelerated speeds involving those with healthcare and industrial applications. 5G networks will also function more dependably, producing steadier connections.

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Growth Factors and Opportunities:
The augmentation of the ecosystem and critical communication services sanctions smooth connectivity between a diverse aggregate of devices, easing real-time data conveyance and lest latency is expected to drive up the demand for 5G IoT. Moreover, the advancement of wireless technologies essential for real-time IoT applications will propel the 5G IoT market forward.

Key Participants:
The aggressive topography of the market is portrayed by global leaders and regional contenders targeting to acquire market share through technological progressions and tactical alliances. Some of the major players participating in the 5G IoT market are:
• AT&T
• British Telecommunications plc
• Telefonaktiebolaget LM Ericsson
• Huawei Technologies Co., Ltd.
• Juniper Networks, Inc.
• Nokia
• Palo Alto Networks.
• Qualcomm Technologies, Inc.
• Telefónica S.A.
• Telenor IoT
• Verizon
• Vodafone Idea Limited

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5G IoT Industry Developments
• In May 2024, Sateliot unveiled plans to launch four satellites as part of its 5G-IoT constellation aboard SpaceX's Transporter-11 mission in July. These satellites, set for deployment from a Falcon 9 rocket at Vandenberg Space Force Base in California, mark the commercial rollout of Sateliot's Low-Earth Orbit 5G IoT network, designed to provide global connectivity. The company has secured USD 210 million in recurring revenue contracts from over 400 clients across 50 countries.

• In July 2024, Telefónica Tech partnered with Nokia to expand private 5G networks for businesses, offering over 100 solutions across cloud computing, Edge Computing, and industrial applications. This initiative aims to support sectors such as manufacturing, logistics, and healthcare by enabling automation, cost reduction, and improved operational efficiency through real-time data and low-latency connectivity.

• In October 2024, Ericsson introduced seven 5G Advanced software products designed to enhance network programmability, performance, and energy efficiency for communication service providers (CSPs). Featuring AI-driven automation, mission-critical services, energy management, and improved device battery performance, these solutions support Open RAN and Cloud RAN, optimizing network capabilities for diverse applications while ensuring high service-level agreement compliance.

Market Segmentation:
The 5G IoT analysis is mainly based on component, network type, organization type, type, end user, and region. Based on end users, the manufacturing segment witnessed the fastest growth. Also, according to type, the wide-range IoT devices segment holds a significant revenue share. They support long-distance interactions and extensive IoT deployments.

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By Component Outlook (Revenue - USD Billion, 2020-2034)
• Hardware
• Platform
• Connectivity
• Services

By Network Type Outlook (Revenue - USD Billion, 2020-2034)
• 5G Standalone
• 5G Non-Standalone

By Organization Size Outlook (Revenue - USD Billion, 2020-2034)
• Large Enterprises
• Small and Medium Sized Enterprises

By Type Outlook (Revenue - USD Billion, 2020-2034)
• Short-Range IoT Devices
• Wide-Range IoT Devices

By End User Outlook (Revenue - USD Billion, 2020-2034)
• Manufacturing
• Healthcare
• Energy and Utilities
• Automotive and Transportation
• Supply Chain and Logistics
• Agriculture
• Government and Public Safety
• Others

Country-Wise Insights:
• North America
o US
o Canada

• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Vietnam
o Rest of Asia Pacific

• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

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