5G IoT Market Introduction and Overview
According to SPER Market Research, the Global 5G IoT Market is estimated to reach USD 825.43 billion by 2033 with a CAGR of 70.1%.
The report includes an in-depth analysis of the Global 5G IoT Market, including market size and trends, product mix, applications, and supplier analysis. In the Internet of Things era, 5G network technology allows IoT devices to improve their performance and dependability. The introduction of a 5G-enabled Internet of Things aims to extend sensor-based Internet of Things capabilities to actuators, robots, and drones for dispersed coordination and low latency dependable job execution in hands. Furthermore, the ability to connect with other IoT devices, smartphones and tablets, computer programmes, and other devices is vital to the Internet of Things' commercial success. Because of 5G network technology, the Internet of Things can connect and transfer information faster than ever before, presenting opportunities for the 5G IoT market.
- January 2022: Verizon and Atos collaborated to power intelligent IoT solutions for consumers with private 5G multi-access edge computing. The 5G edge solution will change the way businesses influence predictive analytics. The solution will allow them to improve operational efficiency, reduce risk, and increase revenue.
- November 2022: T Mobile, Cradle point, and Bosch cooperated to use 5G Wireless WAN technology to provide advanced IoT connectivity solutions such as autonomous vehicles, robots, and AR/VR.
Market Opportunities and Challenges
Smart cities and smart buildings are conceptual models that are intended to supply a set of cutting-edge services and infrastructure. A smart city is one that uses its information and communication technology infrastructure to improve the quality of life and the efficiency of urban operations and services. Smart cities include smart transportation, smart buildings, smart utilities, and smart citizen services. As a result, the effective implementation of smart city initiatives is strongly reliant on the technologies that comprise IoT (data connectivity, cloud, mobility, and sensors). Because of the high need for fast connectivity and communication, 5G services may experience significant growth in the future.
Enterprises see 5G as a key enabler of their developing IoT strategies. IoT helps company operations by ensuring optimum asset usage, extending equipment service life, and increasing reliability and return on assets. However, IoT installations in diverse businesses necessitate significant upfront investments in hardware (sensors and gateways), connection, cloud storage, administrative labour, and technical support. Return on Investments (Roi’s) are subject to uncertainties. As a result, organisations must examine how quickly they can deliver new solutions and how long it will take for a solution to generate money. As a result, in many countries, SMEs are hesitant to spend the high initial expenses of IoT adoption, which can stifle market growth.
Market Competitive Landscape
To strengthen their market offers, market players have employed numerous organic and inorganic growth methods, such as new product releases, product upgrades, partnerships and agreements, business expansions, and mergers and acquisitions. The major players in the Global 5G IoT Market include: AT & T Intellectual Property, Cisco, Huawei Technologies Co. Ltd., Intel Technology., NEC Corporation, Nokia, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Enterprise size, By Network Type, By End User.
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | AT & T Intellectual Property, Cisco, Huawei Technologies Co. Ltd., Intel Technology., NEC Corporation, Nokia, Qualcomm Technologies, Inc., Samsung Electronics Co. Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation.
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COVID-19 Impact on Global 5G IoT Market
COVID-19's introduction has accelerated the expansion of the 5G Internet of Things industry in 2020. Furthermore, the 5G IoT market during COVID-19 was principally hampered by a lack of a professional skill force to roll out 5G network technology throughout emerging economies, which worked as a restricting factor for market expansion during COVID-19. However, the increased demand for Internet of Things-based smart infrastructure solutions such as smartphones is expected to be a major contributor in promoting market growth following the pandemic.
Key Target Audience:
- Manufacturing Industry
- Automotive Industry
- Telecommunication Providers
- Logistics and warehousing
- Technology and IT Companies
Our in-depth analysis of the 5G IoT Market includes the following segments:
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By Component: |
Services
Solution
Hardware
Software & Platform
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By Enterprise size: |
Large Enterprises
Small & Medium Sized Enterprises
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By Network Type: |
5G NR Non-standalone architecture
5G NR Standalone Architecture
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By End User: |
Agriculture
Energy & utilities
Government & Public Safety
Healthcare
Manufacturing
Transportation & Logistics
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Key Topics Covered in the Report:
- Global 5G IoT Market Size (FY’2023-FY’2033)
- Overview of Global 5G IoT Market
- Segmentation of Global 5G IoT Market By Component (Services, Solution)
- Segmentation of Global 5G IoT Market By Enterprise Size (Large Enterprises, Small & Medium Sized Enterprises)
- Segmentation of Global 5G IoT Market By Network Type (5G NR Non-standalone architecture, 5G NR Standalone Architecture)
- Segmentation of Global 5G IoT Market By End User (Agriculture, Energy & utilities, Government & Public Safety, Healthcare, Manufacturing, Transportation & Logistics, Others)
- Statistical Snap of Global 5G IoT Market
- Expansion Analysis of Global 5G IoT Market
- Problems and Obstacles in Global 5G IoT Market
- Competitive Landscape in the Global 5G IoT Market
- Impact of COVID-19 and Demonetization on Global 5G IoT Market
- Details on Current Investment in Global 5G IoT Market
- Competitive Analysis of Global 5G IoT Market
- Prominent Players in the Global 5G IoT Market
- SWOT Analysis of Global 5G IoT Market
- Global 5G IoT Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1.2. Market segment analysis
2.1. Research data source
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Global 5G IoT Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. Global 5G IoT Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global 5G IoT Market
7. Global Autonomous Ships Market, By Component (USD Million)
7.1. Global 5G IoT Market Value Share and Forecast, By Component, 2023-2033
7.3.2. Software & Platform
8. Global Autonomous Ships Market, By Enterprise size (USD Million)
8.1. Global 5G IoT Market Value Share and Forecast, By Enterprise Size, 2023-2033
8.3. Small & Medium Sized Enterprises
9. Global Autonomous Ships Market, By Network Type (USD Million)
9.1. Global 5G IoT Market Value Share and Forecast, By Network Type, 2023-2033
9.2. 5G NR Non-standalone architecture
9.3. 5G NR Standalone Architecture
10. Global Autonomous Ships Market, By End User (USD Million)
10.1. Global 5G IoT Market Value Share and Forecast, By End User, 2023-2033
10.4. Government & Public Safety
10.7. Transportation & Logistics
11. Global 5G IoT Market Forecast, 2019-2033 (USD Million)
11.1. Global 5G IoT Market Size and Market Share
12. Global Autonomous Ships Market, By Component 2019-2033 (USD Million)
12.1. Global 5G IoT Market Size and Market Share By Component (2019-2026)
12.2. Global 5G IoT Market Size and Market Share By Component (2027-2033)
13. Global Autonomous Ships Market, By Enterprise Size, 2019-2033 (USD Million)
13.1. Global 5G IoT Market Size and Market Share By Enterprise Size (2019-2026)
13.2. Global 5G IoT Market Size and Market Share By Enterprise Size (2027-2033)
14. Global Autonomous Ships Market, By Network Type, 2019-2033 (USD Million)
14.1. Global 5G IoT Market Size and Market Share By Network Type (2019-2026)
14.2. Global 5G IoT Market Size and Market Share By Network Type (2027-2033)
15. Global Autonomous Ships Market, By End User, 2019-2033 (USD Million)
15.1. Global 5G IoT Market Size and Market Share By End User (2019-2026)
15.2. Global 5G IoT Market Size and Market Share By End User (2027-2033)
16. Global Autonomous Ships Market, By Region, 2019-2033 (USD Million)
16.1. Global 5G IoT Market Size and Market Share By Region (2019-2026)
16.3.1. Australia
16.3.2. China
16.3.6. Rest of Asia-Pacific
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.7.3. Rest of Latin America
17.1. AT & T Intellectual Property
17.1.2. Financial outlook
17.1.4. Recent developments
17.2.2. Financial outlook
17.2.4. Recent developments
17.3. Huawei Technologies Co. Ltd.
17.3.2. Financial outlook
17.3.4. Recent developments
17.4.2. Financial outlook
17.4.4. Recent developments
17.5.2. Financial outlook
17.5.4. Recent developments
17.6.2. Financial outlook
17.6.4. Recent developments
17.7. Qualcomm Technologies, Inc.
17.7.2. Financial outlook
17.7.4. Recent developments
17.8. Samsung Electronics Co. Ltd.
17.8.2. Financial outlook
17.8.4. Recent developments
17.9. Telefonaktiebolaget LM Ericsson
17.9.2. Financial outlook
17.9.4. Recent developments
17.10.2. Financial outlook
17.10.4. Recent developments
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope