5G IOT Market Overview
The 5G IOT market is expected to grow at 52% CAGR from 2022 to 2029. It is expected to reach above USD 51.97 Billion by 2029 from USD 1.2 Billion in 2020.
Due to the requirement for a speedier network with more capacity that can meet connectivity needs, 5G is essential for the Internet of Things (IOT). The frequencies on which cellular technologies will carry data will increase thanks to the 5G spectrum. The fifth-generation (5G) cellular broadband technology standard. It is designed to increase wireless service speed, reduce latency, and increase flexibility. The theoretical maximum speed of 5G technology is 20 Gbps, compared to the maximum speed of 4G which is only 1 Gbps. Through automation enabled by machine learning, 5G also improves the digital experience. The software-defined platform of 5G architecture will be used to govern network functionality rather than hardware.
The growth of the 5G Technology Market is being driven by increasing demand for IOT linked devices, increased usage of mobile broadband, an increase in device-to-device communication, and quick innovation virtualization in the networking space. In order to create networks tailored to each individual consumer, 5G offers methods like network function virtualization and network slicing. Additionally, the market's expansion may be hampered by high spectrum costs and the risk of cyberattacks. With the advent of 5G technology, the likelihood of cyberattacks is anticipated to rise. Attackers may take advantage of this security gap to increase security vulnerabilities as connected devices and machines proliferate, which could have a negative impact on the market's ability to grow.
ATTRIBUTE |
DETAILS |
Study period |
2020-2029 |
Base year |
2021 |
Estimated year |
2022 |
Forecasted year |
2022-2029 |
Historical period |
2018-2020 |
Unit |
Value (USD BILLION) |
Segmentation |
By Radio Technology, By Range, By Vertical, Region |
By Radio Technology |
- 5G NR Standalone Architecture
- 5G NR Non-Standalone Architecture
|
By Range |
- Short Range IOT Devices
- Wide Range IOT Devices
|
By Vertical |
- Manufacturing
- Energy And Utilities
- Government
- Healthcare
- Transportation And Logistics
- Mining
|
By Region |
- North America
- Asia Pacific
- Europe
- South America
- Middle East Asia & Africa
|
Industry 4.0, for instance, completely relies on robotics and moving robots to raise the productivity of the plant. The 5g network can provide tailored infrastructure for IOT applications to boost industry efficiency. The adoption of 5g allows for the use of a network line with a high wireless data transfer that provides real-time information by connected devices. In addition, the market is seeing development prospects due to rising demand for high reliability and low latency networks, technical improvements, and 5G Technology in the logistic sector. For instance, the idea of communication between a vehicle and anything else has made it possible for connected cars and autonomous driving. One of the keys uses for telemedicine, where hospitals and healthcare professionals may instantly access real-time data, is increasing demand for 5g due to its low latency characteristics.
The primary driver propelling the expansion of the global market is the abrupt emergence of COVID-19. People all around the world are being harmed by COVID-19, which is causing a rise in demand for advanced and digitalized technologies with robust networks. All industry sectors have been asked by WHO to handle the effects of social isolation and manage consumer demand during the pandemic emergency. However, the international market is expanding exponentially and is anticipated to recover significantly in a post-pandemic world.
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5G IOT Market | Exactitude Consultancy[/caption]
5G IOT Market Segment Analysis
The 5G IOT Market is segmented based on Radio Technology, Range, Vertical and Region, Global trends and forecast.
by Radio Technology (5G NR Standalone Architecture and 5G NR Non- Standalone Architecture), by Range (Short Range IOT Devices and Wide Range IOT Devices), by Vertical (Manufacturing, Energy & Utilities, Government, Healthcare, Transportation & Logistics, Mining) and Region
The global market is divided into 5G NR standalone architecture and 5G NR non-standalone architecture based on radio technology. Due to its cutting-edge features and extensive variety of functionalities, the stand-alone architecture sector is predicted to have the greatest market share globally in 2020. Additionally, it offers a number of built-in features like virtualization, ultra-low latency, network slicing, support for multiple Gbps, and control and user plane separation (CUPS)
The global market is divided into short-range and wide-range Internet of Things devices based on range. During the forecast period compared to the study period, it is anticipated that the short-range IOT device category will see the greatest CAGR. Due to the emergence of new application industries including healthcare, energy, and manufacturing, among others, short-range IOT devices require various sorts of connectivity solutions.
The market is divided into segments based on end user, including manufacturing, healthcare, energy and utilities, automotive and transportation, supply chain and logistics, government and public safety, agriculture, and others. The Manufacturing sector dominates the market. Manufacturers are embracing digitalization as a way to reduce costs and boost ROI, and 5G IOT guarantees new process efficiencies and cutting-edge technological breakthroughs, increasing profitability and shop floor efficiency.
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5G IOT Market | Exactitude Consultancy[/caption]
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL 5G IOT MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON 5G IOT MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL 5G IOT MARKET BY RADIO TECHNOLOGY, 2020-2029, (USD BILLION)
- 5G NR STANDALONE ARCHITECTURE
- 5G NR NON-STANDALONE ARCHITECTURE
- GLOBAL 5G IOT MARKET BY RANGE, 2020-2029, (USD BILLION)
- SHORT RANGE IOT DEVICES
- WIDE RANGE IOT DEVICES
- GLOBAL 5G IOT MARKET BY VERTICAL, 2020-2029, (USD BILLION)
- MANUFACTURING
- ENERGY AND UTILITIES
- GOVERNMENT
- HEALTHCARE
- TRANSPORTATION AND LOGISTICS
- MINING
- GLOBAL 5G IOT MARKET BY REGION, 2020-2029, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, RANGES OFFERED, RECENT DEVELOPMENTS)
- TELEFONICA
- SK TELECOM
- DEUTSCHE TELEKOM
- ERICSSON
- CHINA MOBILE
- AT&T
- VERIZON
- T-MOBILE
- VODAFONE
- ORANGE S.A. *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 2 GLOBAL 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 3 GLOBAL 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 4 GLOBAL 5G IOT MARKET BY REGION (USD BILLION) 2020-2029
TABLE 5 NORTH AMERICA 5G IOT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 6 NORTH AMERICA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 7 NORTH AMERICA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 8 NORTH AMERICA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 9 US 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 10 US 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 11 US 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 12 CANADA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 13 CANADA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 14 CANADA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 15 MEXICO 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 16 MEXICO 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 17 MEXICO 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 18 SOUTH AMERICA 5G IOT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 19 SOUTH AMERICA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 20 SOUTH AMERICA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 21 SOUTH AMERICA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 22 BRAZIL 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 23 BRAZIL 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 24 BRAZIL 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 25 ARGENTINA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 26 ARGENTINA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 27 ARGENTINA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 28 COLOMBIA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 29 COLOMBIA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 30 COLOMBIA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 31 REST OF SOUTH AMERICA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 32 REST OF SOUTH AMERICA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 33 REST OF SOUTH AMERICA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 34 ASIA-PACIFIC 5G IOT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 35 ASIA-PACIFIC 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 36 ASIA-PACIFIC 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 37 ASIA-PACIFIC 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 38 INDIA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 39 INDIA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 40 INDIA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 41 CHINA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 42 CHINA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 43 CHINA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 44 JAPAN 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 45 JAPAN 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 46 JAPAN 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 47 SOUTH KOREA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 48 SOUTH KOREA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 49 SOUTH KOREA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 50 AUSTRALIA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 51 AUSTRALIA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 52 AUSTRALIA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 53 SOUTH-EAST ASIA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 54 SOUTH-EAST ASIA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 55 SOUTH-EAST ASIA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 56 REST OF ASIA PACIFIC 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 57 REST OF ASIA PACIFIC 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 58 REST OF ASIA PACIFIC 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 59 EUROPE 5G IOT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 60 ASIA-PACIFIC 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 61 ASIA-PACIFIC 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 62 ASIA-PACIFIC 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 63 GERMANY 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 64 GERMANY 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 65 GERMANY 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 66 UK 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 67 UK 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 68 UK 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 69 FRANCE 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 70 FRANCE 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 71 FRANCE 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 72 ITALY 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 73 ITALY 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 74 ITALY 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 75 SPAIN 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 76 SPAIN 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 77 SPAIN 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 78 RUSSIA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 79 RUSSIA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 80 RUSSIA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 81 REST OF EUROPE 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 82 REST OF EUROPE 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 83 REST OF EUROPE 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 84 MIDDLE EAST AND AFRICA 5G IOT MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 85 MIDDLE EAST AND AFRICA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 86 MIDDLE EAST AND AFRICA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 87 MIDDLE EAST AND AFRICA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 88 UAE 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 89 UAE 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 90 UAE 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 91 SAUDI ARABIA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 92 SAUDI ARABIA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 93 SAUDI ARABIA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 94 SOUTH AFRICA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 95 SOUTH AFRICA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 96 SOUTH AFRICA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
TABLE 97 REST OF MIDDLE EAST AND AFRICA 5G IOT MARKET BY RADIO TECHNOLOGY (USD BILLION) 2020-2029
TABLE 98 REST OF MIDDLE EAST AND AFRICA 5G IOT MARKET BY RANGE (USD BILLION) 2020-2029
TABLE 99 REST OF MIDDLE EAST AND AFRICA 5G IOT MARKET BY VERTICAL (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL 5G IOT MARKET BY RADIO TECHNOLOGY, USD BILLION, 2020-2029
FIGURE 9 GLOBAL 5G IOT MARKET BY RANGE, USD BILLION, 2020-2029
FIGURE 10 GLOBAL 5G IOT MARKET BY VERTICAL, USD BILLION, 2020-2029
FIGURE 11 GLOBAL 5G IOT MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL 5G IOT MARKET BY RADIO TECHNOLOGY, USD BILLION, 2021
FIGURE 14 GLOBAL 5G IOT MARKET BY RANGE, USD BILLION, 2021
FIGURE 15 GLOBAL 5G IOT MARKET BY VERTICAL, USD BILLION, 2021
FIGURE 16 GLOBAL 5G IOT MARKET BY REGION, USD BILLION, 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 TELEFONICA: COMPANY SNAPSHOT
FIGURE 19 SK TELECOM: COMPANY SNAPSHOT
FIGURE 20 DEUTSCHE TELEKOM: COMPANY SNAPSHOT
FIGURE 21 ERICSSON: COMPANY SNAPSHOT
FIGURE 22 CHINA MOBILE: COMPANY SNAPSHOT
FIGURE 23 AT&T: COMPANY SNAPSHOT
FIGURE 24 VERIZON: COMPANY SNAPSHOT
FIGURE 25 T-MOBILE: COMPANY SNAPSHOT
FIGURE 26 VODAFONE: COMPANY SNAPSHOT
FIGURE 27 ORANGE S.A.: COMPANY SNAPSHOT