Press release
Global Fifth Generation Internet Of Things Software (5G IoT Software) Market to Reach $22.35 Billion by 2029, Growing at 10.5% CAGR
Fifth Generation Internet Of Things Software 5G IoT Software
The growing needs for cloud computing are projected to catalyze the advancement of the fifth-generation Internet of Things software (5G IoT software) market. Cloud computing encompasses the provision of computing services such as servers, storage, databases, networking, software, and analytics. This increased reliance on cloud computing is rooted in its scalability, cost-effectiveness, flexibility, heightened security, remote accessibility, and its competence to support innovative technologies like AI, big data analytics, and IoT. The support offered by fifth-generation Internet of Things (5G IoT) software to cloud computing comes in the form of ultra-quick data transmission, low time-lag communication, and smooth connectivity for extensive IoT implementation. This permits real-time data processing, effective resource management, and amplified scalability for applications based in the cloud across sectors including healthcare, smart cities, industrial automation, and self-directed systems. For example, Eurostat, an intergovernmental organization based in Luxembourg, recorded that around 45.2% of EU businesses utilized cloud computing services in December 2023, essentially for email hosting, file storage, and numerous operational tasks. This was a substantial increment of 4.2 percentage points from 2021. Because of this, the booming demand for cloud computing serves as a driving factor for the fifth-generation Internet of Things software (5G IoT software) market.
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What growth opportunities are expected to drive the fifth generation internet of things software (5g iot software) market's CAGR through 2034?
The market size for the fifth-generation Internet of Things software (5G IoT software) has seen significant expansion in the past few years. It is anticipated to surge from $14.12 billion in 2024 to $18.11 billion in 2025, with a compound annual growth rate (CAGR) of 28.3%. The surge in this historical period is largely due to increased investments in 5G IoT, the expansion of high-speed networks, increasing deployment in smart cities, growing demand for real-time connectivity, and an upward trend in mobile video adoption.
Expectations are high for the 5G Internet of Things software (5G IoT software) market size to experience robust growth over the next few years. By 2029, it is predicted to increase to $48.46 billion with a compound annual growth rate (CAGR) of 27.9%. The projected growth during this period may be due to a dramatic increase in the number of connected devices, augmenting demand for intelligent infrastructure solutions, increased governmental investments, the burgeoning demand for higher bandwidth, and the escalating usage of wearable technologies. Key trends during this period include the infusion of 5G technology, the digitisation of operational and diagnostic spaces, improvements in autonomous driving technology, progression in digital technology, and advancements in wireless technologies.
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What are the emerging trends shaping the future of the fifth generation internet of things software (5g iot software) market?
Prominent corporations in the 5G IoT software market are placing their emphasis on creating an improved 5G IoT management platform, with the goal of facilitating smooth integration of IoT applications across a diversity of industries. A 5G IoT management platform acts as a software structure designed to supervise, monitor, and advance the connectivity, transmission of data, and productivity of IoT devices and applications running on a 5G network. For instance, in February 2022, Radisys Corporation, a telecommunications solutions company based in the US, unveiled the Connect RAN 5G IoT software stack, a tool that accommodates a broad spectrum of IoT use cases. These cases range from low-cost meter reading and asset tracking to crucial industrial assignments, XR, video surveillance, and wearables. Included among its features are NB-IoT, eMTC/LTE-M, uRLLC, NR-lite/RedCap, and eMBB, in addition to sophisticated positioning abilities. This package allows for flexible deployment options, empowering OEMs, ODMs, and operators to design and introduce IoT solutions in a cost-effective manner across different industries.
Which growth-oriented segments of the fifth generation internet of things software (5g iot software) market are leading the industry's development?
The fifth generation internet of things software (5G IoT software) market covered in this report is segmented -
1) By Component: Connectivity Management Platform, Edge Computing Platform, Application Enablement Platform, Analytics Platform, Security Platform
2) By Network Type: Non-Standalone, Standalone
3) By Enterprise Size: Small And Medium-Sized Enterprises, Large 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 Connectivity Management Platform: 5G Network Management Software, SIM and eSIM Management Solutions, IoT Device Connectivity Monitoring, Remote Network Provisioning and Optimization, Multi-Carrier and Cross-Border Connectivity Solutions
2) By Edge Computing Platform: Real-Time Data Processing Solutions, AI-Enabled Edge Analytics, Edge Device Management Software, Edge Security and Access Control, Low-Latency Streaming and Processing Solutions
3) By Application Enablement Platform: IoT Middleware and API Management, Cloud-Based IoT Application Development, Low-Code Or No-Code IoT Solutions, Industry-Specific IoT Application Frameworks, Smart Device Integration Platforms
4) By Analytics Platform: Predictive and Prescriptive IoT Analytics, AI and Machine Learning-Based Data Insights, Real-Time IoT Data Visualization Tools, Big Data Management for IoT Networks, Event Processing and Anomaly Detection
5) By Security Platform: 5G IoT Device Authentication and Access Control, End-to-End Encryption for IoT Networks, Threat Detection and Response Solutions, Blockchain-Based IoT Security Solutions, Identity and Access Management (IAM) for IoT
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What regions are leading the charge in the fifth generation internet of things software (5g iot software) market?
North America was the largest region in the fifth-generation Internet of Things software (5G IoT software) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the fifth generation internet of things software (5G IoT software) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the fifth generation internet of things software (5g iot software) market?
Major companies operating in the fifth generation internet of things software (5G IoT software) market are Bharti Airtel Limited, Swisscom AG, Tata Communications Limited, KORE Group Holdings Inc., 6D Technologies PTE. Ltd., 1NCE GmbH, Emnify GmbH, Telit Communications Plc, Bridgera Pvt. Ltd., Cavli Inc., MAVOCO AG, Airlinq Inc., Zipit Wireless Inc., Simon IoT LLC, Velos IoT, Cobira Aps, Freeeway AG, InfiSIM Ltd., Relevant Software LLC, Droam B.V., Monogoto, Syntegra Inc.
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What Is Covered In The Fifth Generation Internet Of Things Software (5G IoT Software) Global Market Report?
•Market Size Forecast: Examine the fifth generation internet of things software (5g iot software) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the fifth generation internet of things software (5g iot software) market for a structured understanding.
•Key Players Overview: Analyze major players in the fifth generation internet of things software (5g iot software) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the fifth generation internet of things software (5g iot software) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the fifth generation internet of things software (5g iot software) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the fifth generation internet of things software (5g iot software) market.
•Industry Challenges: Identify potential risks and obstacles affecting the fifth generation internet of things software (5g iot software) market.
•Competitive Landscape: Review strategic developments in the fifth generation internet of things software (5g iot software) market, including expansions, agreements, and new product launches.
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