The 5G in IoT Market is expected to grow from USD 2.6 billion in 2020 to USD 40.2 billion by 2026 at a CAGR of 73.0% from 2020 to 2026.
The 5G IoT services are next-generation wireless connectivity services which offer a higher speed of data transfer and connectivity with lower latency than previous generations. 5G network capabilities allow production systems and machines to work smoothly through wireless networking, therefore improving flexibility and efficiency. These services have significant scope among industry verticals, such as consumer electronics, railways, automotive, mining, healthcare, utilities, agriculture and manufacturing. The sudden outbreak of COVID-19 is the major factor compelling the growth of global 5G in IoT market. The damage owing to the COVID-19 is impacting individuals worldwide as a result to which demand for advance & digitalized technologies with robust network are swiftly rising. WHO has encouraged all the industrial sectors to address the impact of social distancing and managing consumers demand in the pandemic situation. However, the global 5G in IoT market is obtaining rapid growth and projected to regain enormously in the post-pandemic world. In addition, with the increased deployments of 5G, the mobile ecosystem has expanded immensely, as the service providers are highly expanding their 5G plans by even larger and large-scale features in the market. For example, Telefonaktiebolaget LM Ericsson, which is a multinational networking & telecommunications company, has anticipated that by 2024, 5G connectivity will be extended by almost one third population coverage and with 1.5 billion subscriptions a global scale. Thereby, this has is another factor accelerating the 5G in IoT market growth with new and innovative solutions, present infrastructure and available industrial spectrum. Moreover, the upcoming launch of the fifth-generation of cellular mobile communications which is intended to enhance the performance and reliability of device connections is becoming one of the significant growth factors in the 5G in IoT market. In addition to this, owing to the improved speed, these advanced networks will operate more reliably by creating highly strong connections in the market. Connected devices such as locks, security cameras and other monitoring systems which are highly depend on real-time updates, need reliable and stable network conditions. Therefore, this technology is projected to grow exponentially in the coming years. However, the dearth of standardization in IoT protocol is a key factor likely to limit the market.
Additionally, private 5G networks are local area networks which use the 5G technology as their communication medium to build private networks. These networks provide unified connectivity with various benefits and optimized services which results in huge demand for the private 5G networks eventually creates huge opportunities in the market.
The global 5G in IoT Market is segregated on the basis of Components as Hardware, Platform, Connectivity and Services. Based on Network Type the global 5G in IoT Market is segmented in 5G Standalone (SA) and 5G Non-standalone (NSA). Based on End user the global 5G in IoT Market is segmented in Manufacturing, Healthcare, Energy and Utilities, Automotive and Transportation, Supply Chain and Logistics, Government and Public Safety, Agriculture and Others End Users.
The global 5G in IoT Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The 5G in IoT Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Fibocom, Neoway, Gosuncn, SIMCom, Quectel and others are among the major players in the global 5G in IoT Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global 5G in IoT Market has been segmented as below:
5G in IoT Market, By Components
5G in IoT Market, By Network Type
5G in IoT Market, By End user
5G in IoT Market, By Region
5G in IoT Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global 5G in IoT Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global 5G in IoT Market share. Major industry players with significant revenue share include Fibocom, Neoway, Gosuncn, SIMCom, Quectel and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. 5G in IoT Market, By Components
5.1. Key Points
5.2. Hardware
5.3. Platform
5.4. Connectivity
5.5. Services
6. 5G in IoT Market, By Network Type
6.1. Key Points
6.2. 5G Standalone (SA)
6.3. 5G Non-standalone (NSA)
7. 5G in IoT Market, By End user
7.1. Key Points
7.2. Manufacturing
7.3. Healthcare
7.4. Energy and Utilities
7.5. Automotive and Transportation
7.6. Supply Chain and Logistics
7.7. Government and Public Safety
7.8. Agriculture
7.9. Others End Users
8. Competitive Landscape
8.1. Introduction
8.2. Start-up companies- 5G in IoT Market
8.3. Recent Developments
8.3.1. Mergers & Acquisitions
8.3.2. New Product Developments
8.3.3. Portfolio/Production Capacity Expansions
8.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5. Others
9. Company Profile
9.1. Fibocom
9.2. Neoway
9.3. Gosuncn
9.4. SIMCom
9.5. Quectel
9.6. Sequans
9.7. U-Blox
9.8. Telit
9.9. Thales
9.10. Sierra Wireless
9.11. Cisco
9.12. Samsung
9.13. Nokia
9.14. Huawei
9.15. Ericsson
9.16. Deutsche Telekom
9.17. SK Telecom
9.18. Telefonica
5G in IoT Market, By Components
5G in IoT Market, By Network Type
5G in IoT Market, By End user
5G in IoT Market, By Company