5G IoT Market Statistics 2023: Strategic Analysis of Trends, Growth … – CMSWire

4 minutes, 31 seconds Read

5G IoT Market Size

The demand for low latency and critical IoT applications increases, the adoption of 5G for such use cases will drive the growth of the 5G IoT market.

PORTLAND, PORTLAND, OR, UNITED STATE, November 6, 2023 /EINPresswire.com/ — Allied Market Research published a new report, titled, ” The 5G IoT Market Statistics 2023: Strategic Analysis of Trends, Growth and Segmentation | 69.8% CAGR from 2021 to 2030.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

The global 5G Internet of Things market size was valued at USD 1.45 billion in 2020, and is projected to reach USD 285.28 billion by 2030, registering a CAGR of 69.8% from 2021 to 2030.

Request Sample Report (Get Full Insights in PDF – 331 Pages) at: https://www.alliedmarketresearch.com/request-sample/13180

The rise in mobile data traffic, advancements in wireless technology, and development of massive 5G IoT ecosystem and critical communication services drive the growth of the global 5G IoT market. However, lack of standardization in IoT protocols and the use of 4G LTE technology for IoT hinder the market growth. On the contrary, the rise in demand for smart infrastructure solutions is expected to open new opportunities in the future.

The 5G Internet of Things market is segmented on the basis of component, enterprise size, network type, and industry vertical. On the basis of component, the market is fragmented into solution (hardware and software & platform) and services. Depending on enterprise size, the market is segregated into large enterprises and small & medium sized enterprises. Based on network type, the market is fragmented into 5G NR standalone architecture and 5G NR non-standalone architecture. By industry vertical, it is categorized into manufacturing, healthcare, energy & utilities, transportation & logistics, agriculture, government & public safety, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/13180

Based on component, the solution segment held the largest share in 2020, contributing to nearly three-fourths of the market. However, the services segment is estimated to register the highest CAGR of 73.4% from 2021 to 2030.

On the basis of network type, the 5G non-standalone segment dominated the market in 2020, accounting for around three-fourths of the market. However, the 5G standalone segment is projected to register the highest CAGR of 75.8% during the forecast period.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/13180

The global 5G IoT market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the largest share in 2020, accounting for more than one-third of the market. Moreover, the same region is anticipated to register the highest CAGR of 74.4% during the forecast period.

The global 5G internet of things market includes an in-depth analysis of the prime market players such as AT & T Intellectual Property, Cisco, Telefonaktiebolaget LM Ericsson, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Intel Technology, Samsung Electronics Co. Ltd., Nokia, NEC Corporation and ZTE Corporation.

Buy Now & Get Exclusive Discount on this Report (331 Pages PDF with Insights, Charts, Tables, and Figures) at:

Covid-19 Scenario:

● The Covid-19 pandemic positively affected the market due to the rise in demand for IoT solutions among SMEs and major enterprises to improve their revenue opportunities.

● However, the pandemic created some challenges including lack skilled workforce to roll out 5G network technology across developing countries.

● On the contrary, a rise in demand for 5G IoT-based smart infrastructure would open new opportunities post-pandemic.

Thanks for reading this article, you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
Allied Market Research
+ +1 800-792-5285
email us here
Visit us on social media:


Any Streams

AI Enabled Business & IT Automation

Similar Posts