[Latest] Global 5G IoT Market Size/Share Worth USD 61.7 Billion by 2032 at a 36.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global 5G IoT Market size & share revenue was valued at approximately USD 9.8 Billion in 2022 and is expected to reach USD 13.9 Billion in 2023 and is expected to reach around USD 61.7 Billion by 2032, at a CAGR of 36.5% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are Qualcomm Technologies Inc., Huawei Technologies Co. Ltd., Ericsson, Nokia Corporation, Intel Corporation, Verizon Communications Inc., AT&T Inc., Vodafone Group Plc, Cisco Systems Inc., Deutsche Telekom AG, Samsung Electronics Co. Ltd., China Mobile Limited, Telefonaktiebolaget LM Ericsson (Ericsson), Sierra Wireless, Telit Communications PLC, and others.
Austin, TX, USA, Dec. 08, 2023 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “5G IoT Market Size, Trends and Insights By Type (Devices, Platforms, Services), By Application (Smart Cities, Industrial IoT, Connected Vehicles, Healthcare), By End-User (Manufacturing, Healthcare, Transportation & Logistics, Agriculture), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global
5G IoT Market: COVID-19 Analysis:
- Acceleration of Digital Transformation: The pandemic accelerates the digital transformation agenda, leading businesses to prioritize 5G IoT solutions for enhanced connectivity and operational efficiency.
- Supply Chain Resilience: Disruptions in global supply chains highlight the importance of resilient networks, prompting increased investments in 5G infrastructure to ensure continuity in IoT device manufacturing.
- Remote Work and Collaboration: The rise of remote work intensifies the demand for reliable connectivity, driving the integration of 5G IoT solutions to support remote collaboration, virtual conferences, and efficient workflows.
- Healthcare Crisis Management: The healthcare sector adopts 5G IoT for crisis management, enabling real-time data collection, monitoring, and communication to enhance pandemic response capabilities.
- Smart Manufacturing and Remote Operations: Industries focus on smart manufacturing and remote operations, leveraging 5G IoT for automation, predictive maintenance, and real-time monitoring of production facilities.
- Innovation Amid Uncertainty: The uncertainties of the pandemic drive innovation in 5G IoT applications, with a focus on solutions that address evolving challenges and contribute to global resilience.
- Post-Pandemic Growth: As the world emerges from the pandemic, the
List of the prominent players in the 5G IoT Market:
- Qualcomm Technologies Inc.
- Huawei Technologies Co. Ltd.
- Ericsson
- Nokia Corporation
- Intel Corporation
- Verizon Communications Inc.
- AT&T Inc.
- Vodafone Group Plc
- Cisco Systems Inc.
- Deutsche Telekom AG
- Samsung Electronics Co. Ltd.
- China Mobile Limited
- Telefonaktiebolaget LM Ericsson (Ericsson)
- Sierra Wireless
- Telit Communications PLC
- Others
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Regional Analysis of the 5G IoT Market:
North America:
Market Overview: North America is a leading market for 5G IoT, driven by strong technological infrastructure and widespread adoption across industries.
Factors Driving Growth
- Rapid deployment of 5G networks.
- High demand for IoT solutions in smart cities and industrial applications.
- Innovation in connected vehicle technologies.
Europe:
Market Overview: Europe emphasizes 5G IoT for industrial applications, smart cities, and healthcare, supported by regulatory initiatives and infrastructure investments.
Factors Driving Growth:
- Government initiatives for smart city development.
- Focus on industrial automation and Industry 4.0.
- Adoption of 5G IoT in healthcare for improved services.
Asia-Pacific:
Market Overview: The Asia-Pacific region experiences significant growth in 5G IoT, driven by rapid urbanization, industrialization, and advancements in telecommunications.
Factors Driving Growth
- Large-scale infrastructure projects in smart cities.
- Increasing adoption of 5G in manufacturing and logistics.
- Proliferation of connected devices in consumer applications.
Latin America:
Market Overview: Latin America shows growing interest in 5G IoT, driven by developments in the automotive sector and increasing investments in smart city projects.
Factors Driving Growth
- Expansion of connected vehicle technologies.
- Government initiatives for smart city development.
- Increasing awareness and adoption of IoT solutions.
Middle East and Africa:
Market Overview: The Middle East and Africa witness steady growth in 5G IoT, influenced by infrastructure development and initiatives in healthcare and agriculture.
Factors Driving Growth
- Investments in smart infrastructure projects.
- Adoption of 5G IoT in healthcare for remote services.
- Integration of IoT in agriculture for improved efficiency.
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The 5G IoT Market is segmented as follows:
By Type
- Devices
- Platforms
- Services
By Application
- Smart Cities
- Industrial IoT
- Connected Vehicles
- Healthcare
By End-User
- Manufacturing
- Healthcare
- Transportation & Logistics
- Agriculture
Click Here to Get a Free Sample Report of the Global 5G IoT Market @ https://www.custommarketinsights.com/report/5g-iot-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This 5G IoT Market Research/Analysis Report Contains Answers to the following Questions.
- What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This 5G IoT Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the 5G IoT Market? What Was the Capacity, Production Value, Cost and PROFIT of the 5G IoT Market?
- What Is the Current Market Status of the 5G IoT Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of 5G IoT Market by Considering Applications and Types?
- What Are Projections of the Global 5G IoT Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is 5G IoT Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On 5G IoT Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of 5G IoT Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for 5G IoT Industry?
Click Here to Access a Free Sample Report of the Global 5G IoT Market @ https://www.custommarketinsights.com/report/5g-iot-market/
Reasons to Purchase 5G IoT Market Report
- 5G IoT Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- 5G IoT Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- 5G IoT Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- 5G IoT Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global 5G IoT market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide 5G IoT market analysis.
- The competitive environment of current and potential participants in the 5G IoT market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide 5G IoT market should find this report useful. The research will be useful to all market participants in the 5G IoT industry.
- Managers in the 5G IoT sector are interested in publishing up-to-date and projected data about the worldwide 5G IoT market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in 5G IoT products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
Request a Customized Copy of the 5G IoT Market Report @ https://www.custommarketinsights.com/report/5g-iot-market/
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