5G in IoT Market by Range (Short-Range IoT Device, Wide-Range IoT Device), Technology (5G New Radio Non-Standalone Architecture, 5G New Radio Standalone Architecture), Component, Industry - Global Forecast 2024-2030

5G in IoT Market by Range (Short-Range IoT Device, Wide-Range IoT Device), Technology (5G New Radio Non-Standalone Architecture, 5G New Radio Standalone Architecture), Component, Industry - Global Forecast 2024-2030

The 5G in IoT Market size was estimated at USD 6.50 billion in 2023 and expected to reach USD 8.23 billion in 2024, at a CAGR 30.32% to reach USD 41.50 billion by 2030.

The 5G in IoT includes using 5G technology in the Internet of Things (IoT), which is leading to the generation of high-speed, reliable, and efficient wireless communication systems. These systems are capable of handling a vast number of high-rate data transfers and are essential for the functioning of modern IoT applications. Increasing demand for high-speed data transmission and low latency for real-time analytics is driving the growth of the 5G in IoT market. Escalation in the number of IoT devices and government investment in smart city projects is expanding the usage of 5G in IoT solutions. The growing implementation of 5G in IoT in supply chain optimization and energy management through smart grids is creating a platform for market growth. The high cost of implementation and security and privacy concerns with 5G in IoT solutions are hampering the growth of the market. The growing introduction of technological advancements in 5G in IoT solutions by market vendors is expected to create opportunities for market growth.

Regional Insights

The Americas, particularly the United States and Canada, have been rapidly adopting 5G technology in numerous IoT applications. The Americas market shows a significant consumer need for enhanced connectivity and speed in applications including smart homes, healthcare, and autonomous vehicles. Emerging countries in South America present a vast potential for the 5G IoT market due to their growing populations and rapid urbanization. These regions offer a unique opportunity for manufacturers and providers to introduce 5G IoT solutions in various sectors including agriculture, education, and healthcare. In the Asia Pacific region, countries such as China, Japan, and India are at the forefront of 5G in IoT deployment. Asia-Pacific’s 5G market has shown aggressive expansion with central government support, leading to a proliferation of 5G-based industrial IoT and smart city projects.Japan, known for its early adoption of technology, has been investing heavily in 5G infrastructure tied closely with preparations for events including the Olympics and broader consumer IoT services. The EMEA region exhibits diverse market dynamics characterized by regulatory initiatives, including, the 5G Action Plan, aimed at ensuring rapid deployment of 5G across member countries and addressing customer needs for advanced IoT applications. EU's Horizon Europe program further underlines the commitment to invest in 5G research. The Middle East, with countries including the UAE and Saudi Arabia, exhibits high consumer demand for IoT applications powered by 5G, investing significantly in smart city and healthcare innovations. Conversely, the African market is at a nascent stage with slower 5G rollout, but shows potential, especially in sectors such as agriculture and transportation, driven by the gradual implementation of smart technologies.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the 5G in IoT Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising Internet Penetration and Increasing Adoption of Connected IoT Devices
    • Industry 4.0 Development and Prominence of 5G IoT in Manufacturing Sector
    • Growing Adoption of Cloud Services & Solution Worldwide
    • Market Restraints
      • High Initial Costs of 5G Deployment and Limited Infrastructure in Developing Countries
      • Market Opportunities
        • Rapid Penetration of Blockchain and Big Data Analytics in 5G in IoT Infrastructure
        • Increasing Importance and Strategic Investment in 5G IoT for Smart City Development
        • Market Challenges
          • 5G in IoT Security and Data Privacy Issues
          • Market Segmentation Analysis
            • Range: Growing usage of 5G in wide-range IoT devices that require connectivity over long distances
            • Technology: Rising potential of 5G NR non-standalone architecture for anchoring the control plane
            • Component: Growing significance of hardware in 5G IoT for the actual operation of IoT devices
            • Industry: Growing potential of 5G in IoT across energy & utility industry to monitor critical infrastructure
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 5G in IoT Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 5G in IoT Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • OQ Technology Successfully Launches Two 5G IoT Satellites on Transporter-9
              
              OQ Technology launched Low Earth Orbit (LEO) satellites, TIGER-5 and TIGER-6, via SpaceX’s Transporter-9 rideshare mission aboard the Falcon 9 rocket. Both new satellites, essential components to the OQ 5G NTN IoT satellite constellation, now numbering eight, have established communication just hours after being released into orbit. These 6U nanosatellites are pioneering in their capacity as 'cell tower' payloads for Narrowband IoT (NB-IoT) and underscore OQ’s commitment to fueling a global NB-IoT network.
              
              BITS Pilani, US-based Airlinq Collaborate on 5G, IoT use Cases Development
              
              The Birla Institute of Technology and Science (BITS) Pilani joined forces with the innovative US-based company Airlinq to advance 5G and the Internet of Things (IoT) application development. This alliance harnesses Airlinq's expertise to cultivate cutting-edge solutions focusing on enhancing urban traffic safety through the implementation of low-latency vehicle-to-vehicle (V2V) and vehicle-to-everything (V2X) communications. This initiative promises to revolutionize the way drivers, pedestrians, and emergency services interact, ensuring a significantly safer urban environment.
              
              Homegrown Amantya, Cientra Launch Vendor-Agnostic 5G IoT Aggregator Solution
              
              Amantya Technologies, a specialist in system integration, launched an innovative 5G IoT aggregator platform together with Cientra. This groundbreaking solution is vendor-neutral and marks a significant milestone as it is purported to be the first of its kind globally. It is designed to address the soaring demands across various sectors, including but not limited to railways, agriculture, water management, smart cities, and intelligent transportation systems. Moreover, Amantya's strategic partnership with Cientra underscores their shared commitment to capitalize on the burgeoning opportunities presented by 5G technology within the Internet of Things ecosystem. This alliance is poised to deliver versatile and robust 5G IoT capabilities, fostering connectivity and innovation in multiple fields.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 5G in IoT Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the 5G in IoT Market, highlighting leading vendors and their innovative profiles. These include AT&T Inc., BCE Inc., BT Group PLC, Capgemini SE, China Mobile Limited, Cisco Systems, Inc., e& etisalat and, F5, Inc., Huawei Investment & Holding Co., Ltd., Juniper Networks, Inc., KDDI Corporation, NEC Corporation, Nokia Corporation, QUALCOMM Incorporated, Reliance Jio Infocomm Ltd., Rogers Communications Inc., Sequans Communications, Sierra Wireless, Inc. by Semtech Corporation, SIMCom Wireless Solutions Limited, Sunrise Communications AG, T-Mobile US, Inc., Telefonaktiebolaget LM Ericsson, Telefónica S.A., Telstra Corporation Limited, u-blox AG, Verizon Communications Inc., and Vodafone Idea Limited.
            
            Market Segmentation & Coverage
            
            This research report categorizes the 5G in IoT Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Range
              • Short-Range IoT Device
              • Wide-Range IoT Device
              • Technology
                • 5G New Radio Non-Standalone Architecture
                • 5G New Radio Standalone Architecture
                • Component
                  • Connectivity
                  • Hardware
                  • Platform
                  • Services
                    • Managed Services
                    • Professional Services
                    • Industry
                      • Aerospace & Defence
                      • Energy & Utilities
                      • Government & Public Sector
                      • Healthcare & Life Sciences
                      • Manufacturing
                      • Transportation & Logistics
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year