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Global 5G IoT Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 239
  • CATEGORY
  • Information Technology

Market Overview:

The global 5G IoT Market size was valued at USD 17.56 billion in 2022, and is projected to reach USD 62.57 billion by 2032 at a CAGR of 38.5% from 2022 to 2032. The 5G IoT market refers to the use of fifth-generation (5G) wireless network technology in conjunction with IoT devices and applications. 5G networks offer faster speeds, lower latency, and greater capacity than previous generations of wireless technology, making them ideal for supporting the massive number of devices and data generated by IoT applications. The 5G IoT market growth is driven by the increasing adoption of IoT devices across industries such as healthcare, automotive, and manufacturing, as well as the need for high-speed, low-latency networks to support emerging technologies such as augmented reality (AR), virtual reality (VR), and autonomous vehicles.

The number of 5G connections is projected to reach 3.5 billion by 2026, up from 310 million in 2021, according to a report by the GSM Association. The healthcare sector is expected to be one of the biggest beneficiaries of 5G IoT technology. Such factors are propelling the global 5G IoT Market growth at a significant pace.

Growing adoption of IoT devices and the need for high-speed, low-latency networks is propelling the 5G IoT market growth.

One of the key driving factors behind the growth of the 5G IoT market is the increasing adoption of IoT devices and applications across various industries. IoT devices are becoming more ubiquitous in both consumer and business settings, and they are generating vast amounts of data that need to be collected, analyzed, and acted upon in real-time. 5G networks offer a significant advantage over previous generations of wireless technology in their ability to handle the massive amounts of data generated by IoT devices. 5G networks have the potential to support billions of IoT devices, while providing faster speeds, lower latency, and greater capacity than previous wireless technologies. This is anticipated to boost the growth of the 5G IoT Market worldwide.

This is particularly important for emerging technologies such as augmented reality (AR), virtual reality (VR), and autonomous vehicles, which require extremely low latency and high data speeds to function effectively. The adoption of 5G networks will enable these technologies to operate more effectively and reliably, opening up new opportunities for businesses and consumers alike. Another factor driving the growth of the 5G IoT market is the increasing demand for connected devices and applications in industries such as healthcare, manufacturing, and transportation. These industries are looking to leverage the power of IoT devices and 5G networks to improve efficiency, reduce costs, and enhance the overall customer experience. Such factors are likely to propel the growth of the 5G IoT Market.

Segmentation:

By Component

·         Hardware

·         Software

By Application

·         Smart Cities

·         Industrial Automation

·         Remote Patient Monitoring

·         Smart Homes

·         Connected Vehicles

By End User

·         Consumers

·         Enterprises

·         Governments and Public Sector

·         Industrial

·         Healthcare

·         Others

Geography:

North America is currently dominating the 5G IoT market share. The region has been an early adopter of 5G technology and has made significant investments in building out 5G networks. The United States in particular has been at the forefront of 5G deployment, with major carriers such as AT&T, Verizon, and T-Mobile rolling out 5G networks across the country. North America is expected to continue to be the largest market for 5G IoT technology during the forecast period (2022-2032). This is due to the increasing adoption of IoT devices and applications across various industries in the region, as well as the continued investment in 5G infrastructure by telecommunications companies and governments.

Europe and Asia-Pacific are also expected to see significant growth in the 5G IoT market in the coming years, with the two regions projected to account for a significant share of the 5G IoT market. This growth of the 5G IoT Market is being driven by factors such as increasing demand for connected devices and applications, advancements in IoT technology, and government initiatives to promote the adoption of 5G technology.

Recent Developments:

Some of the recent developments in the 5G IoT market include:

·         In February 2022, Qualcomm announced the launch of its new 5G IoT platform, which is designed to provide seamless connectivity for IoT devices across a range of industries. The platform is based on Qualcomm's Snapdragon X65 modem, which is capable of delivering up to 10 gigabits per second (Gbps) of download speeds, and includes support for various IoT connectivity technologies, including cellular, Wi-Fi, and Bluetooth.

 

·         In its latest Mobility Report, published in November 2021, Ericsson predicts that the 5G IoT market will see strong growth in the coming years, with the number of 5G IoT connections expected to reach 3.5 billion by 2026. The report highlights the potential of 5G IoT technology to enable a wide range of applications across various industries, including manufacturing, healthcare, and transportation. Ericsson also notes that the Asia-Pacific region is expected to see the highest growth in 5G IoT connections, driven by increasing demand for connected devices and applications in countries such as China and India.

Impact of the Russia-Ukraine War on the global 5G IoT Market:

The conflict between Russia and Ukraine has led to a geopolitical crisis that could impact the 5G IoT market. The conflict has disrupted supply chains and could potentially lead to increased regulatory scrutiny on the use of 5G networks, particularly in Europe. In addition, the conflict has increased concerns about cybersecurity and the potential for cyberattacks on critical infrastructure, including 5G networks and IoT devices. This could lead to increased investment in cybersecurity measures to protect 5G IoT networks and devices.

The conflict may lead to disruptions in the 5G IoT market in terms of supply chain for 5G technology and equipment. Russia and Ukraine are both significant players in the telecommunications industry, and any disruptions in their supply chains could impact the availability and cost of 5G equipment worldwide. The conflict may lead to a slowdown in the development and deployment of 5G networks in the affected regions. If infrastructure investments are diverted towards military spending or if there is a lack of stability in the affected regions, it could lead to delays or even abandonment of 5G rollout plans. The conflict may lead to increased geopolitical tensions, which could impact the development of international standards for 5G networks and IoT devices. Such factors might hamper the growth of the overall 5G IoT market globally.

Company Profiles:

Key companies operating in the 5G IoT market include:

·         Qualcomm

·         Ericsson

·         Nokia

·         Huawei

·         Cisco Systems

·         Intel Corporation

·         Samsung Electronics

·         Verizon Communications

·         AT&T Inc.

·         T-Mobile US Inc.

·         Deutsche Telekom AG

·         Orange S.A.

·         Vodafone Group Plc

·         Telstra Corporation Limited

·         China Mobile Communications Corporation

Global 5G IoT Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global 5G IoT market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.


Key Points:
Define, describe and forecast 5G IoT product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 5G IoT Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of 5G IoT
1.3 5G IoT Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of 5G IoT
1.4.2 Applications of 5G IoT
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 AT&T Market Performance Analysis
3.1.1 AT&T Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 AT&T Sales, Value, Price, Gross Margin 2016-2021
3.2 Verizon Market Performance Analysis
3.2.1 Verizon Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Verizon Sales, Value, Price, Gross Margin 2016-2021
3.3 Etisalat Market Performance Analysis
3.3.1 Etisalat Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Etisalat Sales, Value, Price, Gross Margin 2016-2021
3.4 Bell Canada Market Performance Analysis
3.4.1 Bell Canada Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Bell Canada Sales, Value, Price, Gross Margin 2016-2021
3.5 Telstra Market Performance Analysis
3.5.1 Telstra Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Telstra Sales, Value, Price, Gross Margin 2016-2021
3.6 Telus Market Performance Analysis
3.6.1 Telus Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Telus Sales, Value, Price, Gross Margin 2016-2021
3.7 Huawei Market Performance Analysis
3.7.1 Huawei Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Huawei Sales, Value, Price, Gross Margin 2016-2021
3.8 BT Group Market Performance Analysis
3.8.1 BT Group Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 BT Group Sales, Value, Price, Gross Margin 2016-2021
3.9 Sprint Market Performance Analysis
3.9.1 Sprint Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Sprint Sales, Value, Price, Gross Margin 2016-2021
3.10 Telefónica Market Performance Analysis
3.10.1 Telefónica Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Telefónica Sales, Value, Price, Gross Margin 2016-2021
3.11 Singtel Market Performance Analysis
3.11.1 Singtel Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Singtel Sales, Value, Price, Gross Margin 2016-2021
3.12 Nokia Market Performance Analysis
3.12.1 Nokia Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Nokia Sales, Value, Price, Gross Margin 2016-2021
3.13 Vodafone Market Performance Analysis
3.13.1 Vodafone Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Vodafone Sales, Value, Price, Gross Margin 2016-2021
3.14 Ericsson Market Performance Analysis
3.14.1 Ericsson Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Ericsson Sales, Value, Price, Gross Margin 2016-2021
3.15 Rogers Market Performance Analysis
3.15.1 Rogers Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Rogers Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global 5G IoT Production and Value by Type
4.1.1 Global 5G IoT Production by Type 2016-2021
4.1.2 Global 5G IoT Market Value by Type 2016-2021
4.2 Global 5G IoT Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 5G NR Standalone Market Production, Value and Growth Rate
4.2.2 5G NR Non-Standalone Architecture Market Production, Value and Growth Rate
4.3 Global 5G IoT Production and Value Forecast by Type
4.3.1 Global 5G IoT Production Forecast by Type 2021-2026
4.3.2 Global 5G IoT Market Value Forecast by Type 2021-2026
4.4 Global 5G IoT Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 5G NR Standalone Market Production, Value and Growth Rate Forecast
4.4.2 5G NR Non-Standalone Architecture Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global 5G IoT Consumption and Value by Application
5.1.1 Global 5G IoT Consumption by Application 2016-2021
5.1.2 Global 5G IoT Market Value by Application 2016-2021
5.2 Global 5G IoT Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Manufacturing Market Consumption, Value and Growth Rate
5.2.2 Energy & Utilities Market Consumption, Value and Growth Rate
5.2.3 Healthcare Market Consumption, Value and Growth Rate
5.2.4 Government Market Consumption, Value and Growth Rate
5.2.5 Others Market Consumption, Value and Growth Rate
5.3 Global 5G IoT Consumption and Value Forecast by Application
5.3.1 Global 5G IoT Consumption Forecast by Application 2021-2026
5.3.2 Global 5G IoT Market Value Forecast by Application 2021-2026
5.4 Global 5G IoT Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Manufacturing Market Consumption, Value and Growth Rate Forecast
5.4.2 Energy & Utilities Market Consumption, Value and Growth Rate Forecast
5.4.3 Healthcare Market Consumption, Value and Growth Rate Forecast
5.4.4 Government Market Consumption, Value and Growth Rate Forecast
5.4.5 Others Market Consumption, Value and Growth Rate Forecast

6 Global 5G IoT by Region, Historical Data and Market Forecasts
6.1 Global 5G IoT Sales by Region 2016-2021
6.2 Global 5G IoT Market Value by Region 2016-2021
6.3 Global 5G IoT Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global 5G IoT Sales Forecast by Region 2021-2026
6.5 Global 5G IoT Market Value Forecast by Region 2021-2026
6.6 Global 5G IoT Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State 5G IoT Value and Market Growth 2016-2021
7.2 United State 5G IoT Sales and Market Growth 2016-2021
7.3 United State 5G IoT Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada 5G IoT Value and Market Growth 2016-2021
8.2 Canada 5G IoT Sales and Market Growth 2016-2021
8.3 Canada 5G IoT Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany 5G IoT Value and Market Growth 2016-2021
9.2 Germany 5G IoT Sales and Market Growth 2016-2021
9.3 Germany 5G IoT Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK 5G IoT Value and Market Growth 2016-2021
10.2 UK 5G IoT Sales and Market Growth 2016-2021
10.3 UK 5G IoT Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France 5G IoT Value and Market Growth 2016-2021
11.2 France 5G IoT Sales and Market Growth 2016-2021
11.3 France 5G IoT Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy 5G IoT Value and Market Growth 2016-2021
12.2 Italy 5G IoT Sales and Market Growth 2016-2021
12.3 Italy 5G IoT Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain 5G IoT Value and Market Growth 2016-2021
13.2 Spain 5G IoT Sales and Market Growth 2016-2021
13.3 Spain 5G IoT Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia 5G IoT Value and Market Growth 2016-2021
14.2 Russia 5G IoT Sales and Market Growth 2016-2021
14.3 Russia 5G IoT Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China 5G IoT Value and Market Growth 2016-2021
15.2 China 5G IoT Sales and Market Growth 2016-2021
15.3 China 5G IoT Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan 5G IoT Value and Market Growth 2016-2021
16.2 Japan 5G IoT Sales and Market Growth 2016-2021
16.3 Japan 5G IoT Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea 5G IoT Value and Market Growth 2016-2021
17.2 South Korea 5G IoT Sales and Market Growth 2016-2021
17.3 South Korea 5G IoT Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia 5G IoT Value and Market Growth 2016-2021
18.2 Australia 5G IoT Sales and Market Growth 2016-2021
18.3 Australia 5G IoT Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand 5G IoT Value and Market Growth 2016-2021
19.2 Thailand 5G IoT Sales and Market Growth 2016-2021
19.3 Thailand 5G IoT Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil 5G IoT Value and Market Growth 2016-2021
20.2 Brazil 5G IoT Sales and Market Growth 2016-2021
20.3 Brazil 5G IoT Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina 5G IoT Value and Market Growth 2016-2021
21.2 Argentina 5G IoT Sales and Market Growth 2016-2021
21.3 Argentina 5G IoT Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile 5G IoT Value and Market Growth 2016-2021
22.2 Chile 5G IoT Sales and Market Growth 2016-2021
22.3 Chile 5G IoT Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa 5G IoT Value and Market Growth 2016-2021
23.2 South Africa 5G IoT Sales and Market Growth 2016-2021
23.3 South Africa 5G IoT Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt 5G IoT Value and Market Growth 2016-2021
24.2 Egypt 5G IoT Sales and Market Growth 2016-2021
24.3 Egypt 5G IoT Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE 5G IoT Value and Market Growth 2016-2021
25.2 UAE 5G IoT Sales and Market Growth 2016-2021
25.3 UAE 5G IoT Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia 5G IoT Value and Market Growth 2016-2021
26.2 Saudi Arabia 5G IoT Sales and Market Growth 2016-2021
26.3 Saudi Arabia 5G IoT Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Assign a senior SR executive as QA Executive
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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