5G IoT Market by Component (Solutions, Connectivity Services), Architecture (5G NR Standalone, 5G NR Non-standalone), Application (Autonomous Vehicles, Security & Surveillance), End User, and Geography - Global Forecast to 2030

5G IoT Market by Component (Solutions, Connectivity Services), Architecture (5G NR Standalone, 5G NR Non-standalone), Application (Autonomous Vehicles, Security & Surveillance), End User, and Geography - Global Forecast to 2030

The research report titled “5G IoT Market Component (Solutions, Connectivity Services), Architecture (5G NR Standalone, 5G NR Non-standalone), Application (Autonomous Vehicles, Security & Surveillance), End User, and Geography — Global Forecasts to 2030”, provides in-depth analysis of 5G IoT market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2030.

The global 5G IoT market is expected to reach $17.68 billion by 2030, growing at a CAGR of 47.6% during the forecast period of 2023–2030.

The growth of this market is attributed to the growing significance of 5G IoT devices in smart city projects and the increasing demand for digital wearable devices. In addition, the high potential for 5G IoT in connected healthcare is expected to offer significant growth opportunities for the growth of this market. High costs for 5G IoT network installation and security & data privacy concerns are creating challenges for market growth.

Based on component, the market is segmented into solutions and connectivity services. In 2022, the solutions segment accounted for the larger share of the overall 5G IoT market. The proliferation of wireless technologies in industry operations is expected to drive market growth.

Based on device range, the market is segmented into short-range and wide/long-range. In 2022, the short-range segment accounted for the larger share of the overall 5G IoT market. The growth of the segment is attributed to the rising need for improving short-range connectivity and coverage rate.

Based on architecture, the market is segmented into 5G NR Standalone (SA) and 5G NR Non-standalone (NSA). In 2022, the 5G NR Non-standalone (NSA) segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for reliable communications and increasing delivery efficiency at a low cost.

Based on application, the market is segmented into autonomous vehicles, connected cars, industry 4.0, smart energy & utilities, smart farming, security & surveillance, smart healthcare, asset tracking, smart logistics & supply chains, smart consumer electronics, and other applications. In 2022, the security & surveillance segment is expected to account for the largest share of the overall 5G IoT market. Thus, the rising need to monitor multiple locations and facility conditions in real-time drives market growth.

Based on end user, the market is segmented into B2B end users (business-to-business) and B2C end users (business-to-consumer). In 2022, the B2B end-user segment is expected to account for the larger share of the overall 5G IoT market. The growth of this segment is attributed to the rising need for predicting performance to improve efficiency.

Geographic Review:

Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific accounted for the largest share of 46.7% of the global 5G IoT market. The large market share of this segment is attributed to the increasing investments in 5G IoT devices, rising deployments of 5G IoT solutions, and increasing collaborations for deploying smart solutions across the region. Additionally, this region is expected to register the highest CAGR during the forecast period.

The key players operating in the global 5G IoT market are Telefonaktiebolaget LM Ericsson (Sweden), Nokia Corporation (Finland), Qualcomm Incorporated (U.S.), AT&T Inc. (U.S.), Vodafone Limited (U.K.), SK Telecom Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), NEC Corporation (Japan), Telit (U.K.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), IBM Corporation (U.S.), Thales Group (France), Sierra Wireless, Inc. (Canada), T‑Mobile US, Inc. (U.S.), Verizon Communications Inc. (U.S.), Juniper Networks Inc. (U.S.), and Huawei Technologies Co., Ltd. (China).

Key questions answered in the report:

Which are the high-growth market segments in terms of component, device range, architecture, application, end user, and countries?
What is the historical market for 5G IoT across the globe?
What are the market forecasts and estimates from 2022–2029?
What are the major drivers, restraints, and opportunities in the global 5G IoT market?
Who are the major players in the global 5G IoT market, and what shares of the market do they hold?
Who are the major players in various countries, and what shares of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global 5G IoT market?
What are the different strategies adopted by the major players in the global 5G IoT market?
What are the geographical trends and high-growth countries?
Who are the local emerging players in the global 5G IoT market and how do they compete with the other players?

Scope of the Report:

Market by Component

Solutions
Platforms
Hardware
Business Services Professional Services Managed Services
Connectivity Services

Market by Device Range

Short-range
Wide/Long-range

Market by Architecture

5G NR Standalone (SA)
5G NR Non-Standalone (NSA)

Market by Application

Autonomous Vehicles
Connected Cars
Industry 4.0
Smart Energy & Utilities
Smart Farming
Smart Healthcare
Security & Surveillance
Smart Logistics & Supply Chains
Smart Consumer Electronics
Asset Tracking
Other Applications

Market by End User

B2B End Users
Automotive
Healthcare
Agriculture
Energy & Utilities
Transportation & Logistics
Government & Public Safety
Food & Beverage
Other B2B End Users
B2C End Users
Home Automation
Building Automation

Market by Geography

North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
China
South Korea
India
Japan
Taiwan
Singapore
Australia & New Zealand
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
The Middle East and Africa
Israel
UAE
Rest of MEA

5G IoT Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2021
Forecast Period	2023-2030
Page Count	324
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Component, Market by Device Range, Market by Architecture, Market by Application, Market by End User Market, by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	Telefonaktiebolaget LM Ericsson (Sweden), Nokia Corporation (Finland), Qualcomm Incorporated (U.S.), AT&T Inc. (U.S.), Vodafone Limited (U.K.), SK Telecom Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), NEC Corporation (Japan), Telit (U.K.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), IBM Corporation (U.S.), Thales Group (France), Sierra Wireless, Inc. (Canada), T‑Mobile US, Inc. (U.S.), Verizon Communications Inc. (U.S.), Juniper Networks Inc. (U.S.), and Huawei Technologies Co., Ltd. (China).

FAQs About the Report

What is the value of revenue generated from the sales of the 5G IoT solutions across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global 5G IoT market is projected to reach USD 17.68 billion by 2030 at a CAGR of 47.6% during the forecast period.

Which component segment showcases high growth opportunities for the 5G IoT market players?

In 2022, the solutions segment is expected to account for the larger share of the global 5G IoT market and is expected to record the higher CAGR during the forecast period. The increasing demand for cloud-based solutions, the proliferation of wireless technologies in industry operations and the increasing demand to enhance network capacity and coverage area.

Which architecture segments of the market are projected to create more traction in the 5G IoT market?

In 2022, the 5G NR Non-standalone (NSA) segment is expected to account for the larger share of the global 5G IoT market. The segment's growth is mainly attributed to the rising need for higher data transfer speeds, reliable communications, and increasing delivery efficiency at a low cost.

What are the key factors driving the growth of the 5G IoT market? What are major opportunities for existing market players and new entrants in the market?

The growth of this market is driven by the growing significance of 5G IoT devices in smart city projects, increasing demand for low-latency IoT devices for Industrial 4.0, and increasing demand for digital wearable devices. The use of 5G IoT in self-driving vehicles and the high potential for 5G IoT in connected healthcare is expected to create market growth opportunities.

Who are the major players operating in the global 5G IoT market?

The key players operating in the global 5G IoT market are Telefonaktiebolaget LM Ericsson (Sweden), Nokia Corporation (Finland), Qualcomm Incorporated (U.S.), AT&T Inc. (U.S.), Vodafone Limited (U.K.), SK Telecom Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), NEC Corporation (Japan), Telit (U.K.), Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), ZTE Corporation (China), IBM Corporation (U.S.), Thales Group (France), Sierra Wireless, Inc. (Canada), T‑Mobile US, Inc. (U.S.), Verizon Communications Inc. (U.S.), Juniper Networks Inc. (U.S.), and Huawei Technologies Co., Ltd. (China) and among others.

Which regions/countries are expected to witness significant demand for 5G IoTs in the coming years?

Asia-Pacific dominates the global 5G IoT market and is also expected to grow at the highest growth rate over the coming years.