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Rising Demand For Cloud Computing Driving Market Growth Amid Growing Need For Scalability, Low-Latency Communication, And Real-Time Data Processing: Transformative Forces Shaping the Fifth Generation Internet Of Things Software (5G IoT Software) Market La
Fifth Generation Internet Of Things Software (5G IoT Software)
Fifth Generation Internet Of Things Software (5G IoT Software) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the fifth-generation internet of things software (5G IoT software) has seen tremendous growth in the past few years. Projections suggest it will increase from the 2024 figure of $14.12 billion to $17.98 billion in 2025, indicating a compound annual growth rate (CAGR) of 27.4%. The historical growth trend is due to increased 5G IoT investments, enhancements in high-speed network infrastructure, increased usage in smart cities, strong demand for low-latency connectivity, and the accelerating demand for mobile video adoption.
Fifth Generation Internet Of Things Software (5G IoT Software) Market Size Forecast: What's the Projected Valuation by 2029?
The market for 5G internet of things (IoT) software is forecasted to experience substantial expansion in the coming years, reaching a valuation of $47.48 billion by 2029, at an impressive compound annual growth rate (CAGR) of 27.5%. This anticipated upswing is linked to a number of factors: a dramatic increase in the number of connected devices, burgeoning demand for smart infrastructure solutions, increased government investments, a rising requirement for high-bandwidth and escalating use of wearable technologies. Key trends for the forecast period include the incorporation of 5G technology, digital transformation of operating and diagnostic spaces, advancements in self-driving technology, expansion in digital technology, and the evolution of wireless technologies.
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What Are the Drivers Transforming the Fifth Generation Internet Of Things Software (5G IoT Software) Market?
The anticipated surge in demand for cloud computing services is projected to fuel the expansion of the 5G IoT software market. Providing servers, storage, databases, networking, software, and analytics, cloud computing's popularity is growing due to its scalability, cost-effectiveness, flexibility, robust security, remote accessibility, and compatibility with avant-garde technologies like AI, big data analytics, and IoT. The 5G IoT software facilitates cloud computing by ensuring rapid data transmission, minimized latency in communication, and smooth connectivity for large-scale IoT deployments. This leads to real-time data processing, improved resource management, and enhanced scalability for cloud-centric applications across a range of sectors like healthcare, smart cities, industrial automation, and autonomous systems. For example, Eurostat, an intergovernmental organization based in Luxembourg, reported in December 2023 that approximately 45.2% of EU businesses employed cloud computing services, primarily for email hosting, file storage, and varied operational activities, marking an increase of 4.2 percentage points since 2021. Consequently, the surge in the demand for cloud computing is driving the development of the 5G IoT software market.
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What Long-Term Trends Will Define the Future of the Fifth Generation Internet Of Things Software (5G IoT Software) Market?
A primary focus for large companies in the 5G Internet of Things (IoT) software market is to increase effectiveness in integrating IoT applications across different sectors. This is done through the development and improvement of a 5G IoT management platform. Essentially, this platform is a software system specifically designed to manage, monitor, and optimize the connectivity, efficiency and data transmission of IoT devices and apps functioning on 5G networks. For instance, Radisys Corporation, a US-based telecom solutions provider, in February 2022, released the Connect RAN 5G IoT software stack. This software is adaptable to various IoT application from cheap metering and asset monitoring to high-priority industrial tasks, XR, video monitoring, and wearable tech. It provides features like eMTC/LTE-M, NB-IoT, uRLLC, NR-lite/RedCap, and eMBB, and also includes high-end positioning capabilities. The suite provides adaptable deployment options and affordability, assisting OEMs, ODMs, and operators in designing and launching IoT solutions across diverse sectors.
Which Segments in the Fifth Generation Internet Of Things Software (5G IoT Software) Market Offer the Most Profit Potential?
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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Which Firms Dominate the Fifth Generation Internet Of Things Software (5G IoT Software) Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential 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.
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