Global 5G Internet of Things (iot) Market 2024-2028
Global 5G Internet Of Things (IOT) Market 2024-2028
The 5G internet of things (IOT) market is forecasted to grow by USD 253279.3 mn during 2023-2028, accelerating at a CAGR of 140.31% during the forecast period. The report on the 5G internet of things (IOT) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising adoption of 5G, IOT revolutionized automotive industry, and large-scale benefits of using IOT devices.
Technavio's 5G internet of things (IOT) market is segmented as below:
- By Type
- 5G non-standalone (SA)
- 5G standalone (SA)
- By Component
- Hardware
- Services
- Platform
- Connectivity
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growth in industrial automation as one of the prime reasons driving the 5G internet of things (IOT) market growth during the next few years. Also, rapid growth of wireless technology and robust demand from healthcare industry will lead to sizable demand in the market.
The report on the 5G internet of things (IOT) market covers the following areas:
- 5G internet of things (IOT) market sizing
- 5G internet of things (IOT) market forecast
- 5G internet of things (IOT) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading 5G internet of things (IOT) market vendors that include Anritsu Corp., AT and T Inc., Cavalier Wireless Inc., Celona Inc., China Mobile Ltd., Deutsche Telekom AG, Nokia Corp., Qualcomm Inc., Quectel Wireless Solutions Co. Ltd., Reliance Industries Ltd., SATELIO IOT SERVICES S.L., Semtech Corp., Sequans Communications SA, Shenzhen ThinkWill Communication Technology Co., Ltd., Telefonaktiebolaget LM Ericsson, Telenor Group, Telit, Thales Group, Verizon Communications Inc., and Vodafone Group PLC. Also, the 5G internet of things (IOT) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.