Press release
5G IoT Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
5G IoT
The 5G Internet of Things (IoT) market is anticipated to scale up due to the increase in mobile network data traffic. The ability of 5G IoT to accommodate vast quantities of mobile network data and numerous users, inclusive of IoT gadgets, plays an integral role in its growth. Vast mobile network data traffic helps upscale the 5G IoT through its provision of swift, reliable, low-latency, and secured connections. An analysis by Ericsson, a telecommunications firm based in Sweden, indicated that the global mobile data traffic saw a rise of 40% between Q1 2021 and Q1 2022. There was also about a 10% quarterly increase in the mobile network data traffic from Q4 2021 to Q1 2022. Therefore, this upsurge in mobile data traffic is pushing forward the expansion of the 5G IoT market.
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What is the projected compound annual growth rate (CAGR) of the 5g iot market from 2025 to 2034, and what factors influence it?
The market size for 5G IoT has seen a massive surge in growth in the past few years. Projected growth figures for this market from 2024 to 2025 are expected to climb from $12.13 billion to $20.03 billion, representing a compound annual growth rate (CAGR) of 65.2%. The historical growth seen in this sector can be credited to advancements in mobile networks, increased use of intelligent devices, a spike in data creation, governmental backing and programs, as well as wider economic conditions globally.
Expectations are high for the 5G IoT market size to enjoy significant enlargement in the coming years. By 2029, the market is projected to expand to $161.75 billion with a considerable compound annual growth rate (CAGR) of 68.6%. The surge in growth during the forecast period can be credited to the rising acceptance of IoT, intelligent manufacturing, the global need for connectivity, digital transformation efforts, and investments in 5G network infrastructure. Key trends to look out for within the forecast period include the incorporation of artificial intelligence, personalized virtual networks, 5G-powered intelligent cities, the integration of blockchain technology, and collaboration within the ecosystem.
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What are the emerging trends shaping the future of the 5g iot market?
The accelerating pace of technology is a pivotal trend making waves in the 5G IoT sector. Preeminent corporations active in this market are creating advanced tech and software to maintain their industry presence. For example, Radisys Corporation, a U.S. firm offering open telecom solutions, in February 2022, unveiled the Connect RAN 5G IoT software stack, a comprehensive suite of 5G RAN technology. This exclusive Connect RAN software tailored for 5G IoT incorporates features such as technologies curated for a myriad of IoT applications, metering and asset monitoring, ultra-short delay periods, time-sensitive industrial deployments, video surveillance, and wearable implementation. Radisys' Connect RAN 5G IoT software, which requires a smaller upfront CAPEX investment, ensures prompt market readiness for novel use cases.
What are the major segments of the 5g iot market and their role in driving growth?
The 5G IoT market covered in this report 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
Subsegments:
1) By Solution: Connectivity Solutions, Device Management Solutions, Security Solutions
2) By Hardware: IoT Devices (Sensors, Actuators), Gateways, Network Equipment
3) By Software and Platform: Analytics Software, Application Development Platforms, Operating Systems
4) By Services: Consulting Services, Integration Services, Managed Services
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Which regions are key players in the growth of the 5g iot market?
North America was the largest region in the 5G IoT market in 2024. The regions covered in the 5G IoT market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the 5g iot market?
Major companies operating in the 5G IoT market include 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
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What Is Covered In The 5G IoT Global Market Report?
• Market Size Forecast: Examine the 5g iot market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 5g iot market for a structured understanding.
• Key Players Overview: Analyze major players in the 5g iot market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 5g iot market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 5g iot market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 5g iot market.
• Industry Challenges: Identify potential risks and obstacles affecting the 5g iot market.
• Competitive Landscape: Review strategic developments in the 5g iot market, including expansions, agreements, and new product launches.
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